It’s not too late for you to buy gold and gold stocks on the cheap.
If you haven’t already, you may want to seriously consider it.
That move might set you up for a run over the next few years that could turn into your single best investment…ever.
You see, gold stocks are churning out some serious profits that are likely to just keep getting better.
It’s true that, back in August, gold set a new all-time high at $2,067 on huge demand. It has since pulled back, but still managed to set another record: its eighth consecutive quarterly gain.
Despite all the fundamental and technical support that will push gold higher, I think we could still see some more near-term weakness/consolidation before the metal finally returns to rally mode.
And that buys you a little more time to determine your allocation.
Gold Strong, But Dollar Could Weigh Near Term
You know gold’s becoming mainstream when, as recently reported, Costco Wholesale (in the U.K.) is now selling gold and silver bars in their stores.
But if you read some of the media covering this story, you’d think gold is a dangerous investment option to be avoided at all cost. Yet gold generated more than 4 times the returns of the S&P 500 over the last 20 years.
And so far 2020 is no different…
Gold (and silver) remain obvious standouts against nearly all other asset classes so far this year.
I expect more strength to come later in Q4, though gold’s been pausing since its early August highs.