Who wants to be a Millionaire?, page-176

Why Record Gold Stock Gains Are Ahead

		By Nick Hodge Written Aug 08, 2020

Gold prices are now getting comfortable in their new record territory north of $2,000 per ounce.

The flimsy foundation of global markets built on debt and low interest rates is getting battered by the winds of COVID-19.

Already weak, with corporate earnings slowing since 2018, the abrupt halt in business and the jobless devastation that came with it has forced government and central banks to provide protection to Wall Street and Main Street in the form of free money.

Like putting a new roof on a shaky shack, the weight of this new protection is proving too much for the entire foundation to bear.

Those free dollars are now purchasing less. It now takes more dollars to buy groceries and many other things.

It now takes more dollars to buy corn and soy and copper and tech shares and, yes, gold. Are their prices rising or is the value of a dollar shrinking? Yes.

And I don’t believe we’ve seen the full extent of the upward move in gold prices. We certainly haven’t seen it in gold stocks.

All the fundamental reasons will continue to strengthen and compound as the free money continues to flow like the salmon of Capistrano.

As the fundamentals merge with mounting fear and greed… not only will we see more record gold gains…

But we will see record gold stock gains as well.

The kind that go from pennies to several dollars like you see in all the newsletter promotions.