A Golden Era for…Gold Pt. 2

Last year about this time we wrote how we were entering a Golden era for gold.

And, as we have said sooooo many times in the past, Gold and Silver are the most under owned assets on the planet.

About this time last year, gold was up nearly 15% YTD in 2024, at a new high of $2,400.

Question:  Did you buy any?

 

Today, gold is $3,250.

That’s an additional 35% increase from the $2,400 mark last year.

Ironically (or NOT) last year at this time NVDA was up 88% ytd in 2024.  And Bitcoin was up over 56% as well.

And from last year till today NVDA is trading at $134 (almost identical to where it was one year ago).

However, Bitcoin (after a 30% decline) has made an impressive run in the last few weeks albeit off the charts on the volatility index.

 

 

But, exactly one year ago, who did the Boyz in the “Club” want you to focus on then AND now?

 

Meanwhile, the Boyz (along with every central bank on the planet) has been accumulating large quantities of Gold…for several years.

 

Why?

 

It’s the safest haven to be in when the world becomes unglued.

 

And when Gold reaches new all-time high prices (like recently) two things happen:

 

 

• The Goldbugs start screaming that the price is going over $20,000 per ounce.
• And the naysayers cry that the price will crash back down to $1,000.

 

 

We don’t believe either of the above will happen.

 

A Golden Era for Silver

 

But…and this is a very VERY Big Butt…

Gold will continue to find new heights.

And when silver starts to play catch-up it will make the movement in gold pale by comparison.

 

And in case you forgot, gold still only makes up less than 1% of all Global Assets.

 

Less than 1%.

And silver is even less than that.

 

So, think what will happen when the big money players decide to up their holdings of gold and gold miner stocks to 2%.

It may not sound like much but in reality, it’s a 100% increase from 1% to 2%.

As we have also noted in the past, eventually the free-for-all in gold/silver stocks will be more mainstream.

 

Translation:  “By the time the gold and silver mining stocks have doubled, the average investor will start to get in the game.”

 

So, what are you waiting for?

If you don’t already own gold, silver, or the mining stocks, you should, at a minimum, allocate 1% of your portfolio to the Golden Era of Gold.

If you already own some gold and mining stocks, then think about increasing your holdings to at least 2%.

 

This way you’ll at least benefit from the action of the Big Money Boyz who know where this is all heading.

 

And if you want some specific ideas to consider, be sure to read our Short and Sweet Tips column in our May edition of “Simplifying Wall Street…In Plain English” (HERE).

 

Share this with a friend…especially if they don’t own any gold or gold stocks.

They’ll thank YOU later.

 

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

Support always welcome via the digital tip jar.

 

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