2020 has certainly been a difficult year but you haven’t seen anything yet because according to one of the greats in the business, investors should expect to see $4,800-$9,800 gold. And when it comes to mining stocks, the party has just begun.
September 30 (King World News) – From Ronnie Stoeferle at Incrementum: Here is the Executive Summary of Gold for 2020:
1) The Dawning of a Golden Decade
Monetary policy normalization has failed. The coronavirus is the accelerant of the overdue recession that heralds the dawn of a new monetary world order. Trend-setting monetary and geopolitical upheavals are to be expected and already executed by the Federal Reserve relaxing the inflation target “average 2%” supporting a medium-term inflationary environment.
2) The Status Quo of Gold
Gold proved to be a profitable investment in markets that are characterized by high volatility and uncertainty once again, crossing the magical USD 2,000 mark in August this year for the first time in history. Currently gold is stuck in a healthy correction…
One of the top performing silver stocks in the world!
To learn about the opportunity in SilverCrest Metals
click here or on the image below
3) Silver’s Silver Lining
History is repeating and silver is now outperforming gold again. The gold/silver ratio is still trading at high levels around 80, indicating silver has not yet exhausted its full potential of outperforming gold in this cycle.
4) Mining Stocks – The Party Has (Just) Begun
Mining companies were the great beneficiaries of rising gold and silver prices this year and at this stage the end of the bull market is not in sight. Quite the contrary, every bull market ended with a parabolic upward trend that lasted 9 months on average and at least doubled the price.
5) Quo vadis, aurum?
Our proprietary valuation model shows a gold price of USD 4,800 at the end of this decade, even with conservative calibration and a gold price of USD 8,900 in an inflationary environment.
Metal of Kings
King World News note: And despite all of the anti-gold propaganda, gold is still the “Metal of Kings” when you look at performance (see below).
Click to enlarge
***To listen to the incredibly powerful audio interview with Danielle DiMartino Booth that is a must listen for anyone who wants to understand the big picture as she covers everything from the need for investors to aggressively buy the current dip in gold prices to the stock market hitting the biggest bubble level in history and much more. To listen to this incredibly powerful interview click here or on the image below.
China Back To Normal, Economic Destruction, And Good Luck
***ALSO JUST RELEASED: China Almost Back To Normal, Real Estate, Economic Destruction, And Good Luck CLICK HERE.
© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.