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DUMPING U.S. ASSETS: Savvy Billionaires Cashed-Up, LONG GOLD!
Today, I’m going to make sure you understand why gold in 2020 could be a rare opportunity, as I see it. I’m completely bullish on gold and gold equities.
What’s HAPPENING right now has only occurred twice before. The last TWO times were in 1970 and 2000. In other words, the CATALYST that sparked the BIRTH of gold’s two PREVIOUS epic bull markets is currently transpiring!
In 1970 gold’s price soared from $35/ounce to $850/ounce in a decade. In 2000, gold’s price went from $250/ounce to $1,900/ounce in a decade.
Again, in the 1970s, gold saw a 2,400% climb. In the 2000s, it saw an 800% rally. Be EXTREMELY conservative and you’ll still realize that in this present bull market, gold’s price is up only 50%, compared with these historical comparisons.
In 1970, gold production PEAKED and started declining. In 2000, gold production PEAKED again and began declining. As you can see, peak production COINCIDES with the beginnings of MULTI-YEAR bullish surges, cyclical booms and in 2018, we hit PEAK PRODUCTION again.
In September 2018, gold bottomed at $1,180 and hasn’t looked back since then.
You have to realize that discovering gold and putting a project into production has become a rare matter.
Only 215M ounces of gold have been identified and verified in 41 discoveries in the past ten years. Before that, 1,726M ounces were DISCOVERED in 222 instances in the respective 18-year period.
Gold is a scarce resource to bring into production, in many ways.
Courtesy: S&P Global Market Intelligence
Thousands of exploration-stage companies spend money drilling, but the results have been ABYSMAL. The few that succeeded saw their share price skyrocket, but 99 out of 100 have failed.
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Instead of these pure speculations, consider looking into GoldMining Inc. (TSX: GOLD & US: GLDLF), whose strategy is to buy Measured & Indicated or Inferred resources and to WAIT for gold to continue climbing, before monetizing the portfolio of assets that Amir Adnani’s team has already purchased.
Consider shares of GoldMining Inc (TSX: GOLD & US: GLDLF) and understand that what Amir has pulled off is IMPOSSIBLE to replicate.
Here’s the perfect example:
The company acquired the Whistler project in Alaska in the summer of 2015. In July of 2015 spot gold was around $1,053 and people thought gold was heading to $900 (including Goldman Sachs); sentiment was horrible. Management announced the purchase of Whistler for $1.6M, which is a 170-square km property – less than the price of an apartment in Vancouver, where the company is headquartered.
Just the inferred gold resource at Whistler is 1.85M ounces, not to mention that once you include silver and copper, the inferred gold equivalent resource is 3.35M. So calculating the deal, I’ve reached this: $1,600,000 / 3.35 M oz of gold equivalent resource = ~$0.48/OUNCE.
The industry’s average is SO MUCH HIGHER; this was an exceptional deal, all things being equal.
That’s a legendary deal, in my book!
GoldMining Inc. (TSX: GOLD & US: GLDLF) is not only one of Doug Casey’s picks, but also Rick Rule’s and Marin Katusa’s.
I’m LONG and consider it a HIGH-QUALITY gold stock!
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
No matter how good an investment sounds, and no mater who is selling it, make sure you’re dealing with a registered investment professional. Use the free, simple search at investor.gov This work is based on public filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. Never base any decision off of our advertorials. Wallace Hill LTD (WealthResearchGroup) stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. Wallace Hill LTD has been compensated by Gold Mining Inc for this email coverage. We have entered into a one year digital marketing agreement and have received one hundred thousand Canadian dollars and stock options that vest over twelve months. We also own shares of the company and will never sell shares within four weeks of any email coverage. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say.
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