Editor's note: Occasionally, we come across ideas that we simply have to forward to you. This one comes courtesy of our friend Nick Hubble at The Daily Reckoning Australia. |
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Dear Reader, As the coronavirus ripped through the markets earlier this year, gold once again took centre stage. Investors clamoured to get their wealth out of the financial system…sending the price of bullion soaring 25% since January. As shoppers cleared supermarket shelves of toilet paper, dealers were being cleared of physical gold, in the form of bullion and coins. If you’d tried to get your hands on gold during this frenzy, you could have paid up to a 25% premium over the spot price…and then you still had to wait weeks for delivery. That brings me to why I’m writing to you today. I think we’re about to see another surge in gold buying...and in the spot price. I explain why in detail here. Long story short: When the stock market finally catches up to the economic realities of this recession, I believe gold investors could go into ‘panic buying’ mode again. And I think that moment is fast approaching. In fact, you may not have enough time to get your hands on gold before the price jumps up — maybe even over AU$4,000/oz (I explain my reasoning for this prediction here). You may find — if I’m right about what’s coming — that physical gold isn’t even available. Not readily so, in any case — just like we saw during the first stages of the coronavirus. You’ll desperately want to shift some of your wealth into gold, but you may have a hard time getting your hands on any. That means right now is potentially your last chance to get your hands on the physical metal — before it jumps out of your price range. Why do I think this is likely to happen this year? I explain everything right here. Until next time, Nick Hubble,
Editor, The Daily Reckoning Australia | 