The Best Time In History To Buy GOLD

February 21, 2019

Why it’s time to get into gold
– We’re on the cusp of “huge changes in the world”
– “Massive impact on the price of the most enduring investment in history: GOLD”
– “A gold shock is coming” and “$10k gold is not out of the question”

Introducing the 2019 Gold Summit

I think we’re about to see a huge shift in the role gold plays in all our lives.

And today, we are inviting you to the 2019 Gold Summit which will reveal why now could be the best time in history to buy gold.

Now, let’s dig into why leading money manager Eoin Treacy believes it’s now the time to get into gold in a big way.

If you know your history, you will know that gold can do tremendously well when “worry money” is looking urgently for a new home.

We are on the cusp of a big move and it could represent the single best investment decision you will make over the coming decade.

The first reason you should be interested in gold is it is out of favour.

As a tech investor, the names of big-name tech companies like Amazon, Apple and Netflix are on the lips of everyone I meet. I was reminded of that fact at passport control coming back from a speaking tour of Australia last year. When the border control officer heard what I do for a living, the first question he asked was whether I thought Apple or Amazon would get to a $1 trillion market cap first.

That is a testament to just how popular these mega-cap tech stocks are right now. It also means a lot of value has already been priced in. By comparison gold is unpopular because it hasn’t gone anywhere in years. It is usually when assets are neglected by investors that they become interesting from a value perspective.

The second reason is gold is an uncorrelated asset

That means it doesn’t tend to move in tandem with either stocks or bonds and therefore having some in your portfolio offers diversification which is not easily attained from other asset classes.

The third reason is gold is the original money

Central banks continue to stockpile it and it is prized as a store of value in almost every country in the world. If we accept the premise that gold is a monetary metal, then like any currency its price will fluctuate relative to other currencies. Just as it makes no sense to say the value of the pound without talking about its value relative to another currency, the same goes for gold.

The fourth reason is gold is a physical asset whose supply cannot easily be increased

That gives it particularly attractive characteristics from an investment perspective. That is doubly so when governments are intent on debasing their own currencies.

There is also the simple fact that it is pretty. I’ll never forget a Chinese client of mine relating how he loves the feel of his gold; how reassuringly heavy it is and how it warms up in his hand. There will always be demand for gold as a bauble or jewellery, on top of its investment allure.

None of these reasons are new.

What is new is the evolving geopolitical environment, the long-term debt cycle and the financials of gold miners which are the only sources of new supply.

A storm is brewing

Social democracy is failing.

Populist regimes are springing up all over the world. These were originally considered fringe movements but are increasingly mainstream because people are angry and want an alternative to the status quo.

The simple question that people are asking when they vote for populists is “What about me?” The answer, regardless of whether that administration is left or right leaning, is “Here, have some money.”

Fiscal stimulus is growing in popularity all over the world because quantitative easing (QE) just does not deliver the kind of economic growth everyone was hoping for.

Instead it contributes to asset price inflation and rising inequality which is exactly why we have populist regimes on the rise today.

To get into power populist leaders will make big, unrealistic promises. Promises they can only hope to fulfil by printing money.

As fiat currencies are burned on a pier of populism, gold really comes into its own for the simple reason you cannot print gold into existence.

I know that sounds trite, but when the whole world is centred on debt and financed on promises, there is a very clear reason to have an interest in an asset which is no one’s liability. Gold simply is that asset.

And there is another major catalyst for gold looming…

The China Trigger

If that is a picture of the mood in Europe and North America which have been denuded of manufacturing then the beneficiaries of globalisation, such as China, are going to do whatever they can to protect themselves and their interests. We are seeing Asian countries, including China, stockpiling physical gold.

They see a time coming when having hold-in-your-hand gold will be incredibly important when it comes to preserving wealth. In this scenario, gold miners look incredibly attractive.

Nationalism is rising there too and China is building aircraft carries as well as a daisy chain of military bases between itself and the Persian Gulf under the guise of the Belt and Road programme.

Make no mistake, we haven’t even seen the beginning of geopolitical uncertainty and historically that has been favourable for gold.

Taking in all of the above, we are looking at a rare and exciting time to start investing in gold. In this scenario, $10k gold is not out of the question.

If everything falls into place… I would not be surprised to see that price at all.

So, the question is: how do we maximise this expected gold boom?

A major gold bull is coming.

I have no doubt about it.

And the experts I trust the most are all coming to this same conclusion.

But what I think will shock almost everyone is just how high the gold price could go.

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

U.S. ranks third in world gold production with 240 tons per year