I'm a gold bug. I admit it. I love gold. I love silver even more. For those of you who have been following precious metals in the last few years know that gold and silver have been hammered down so many times that the manipulation is now blatantly obvious.
Lately though, I've been getting a lot of news and updates from big wigs in the business that gold and silver are now in a bull market and using the USA's $21 Trillion (and rising) debt and a host of other reasons including the new Oil for Yuan for gold futures market that just started on March 26 as ammo for rising gold prices, I tend to agree.
So again this morning I caught an article on King World News which predicts gold will be over $2,000 an ounce within the next 18 months. Again, I tend to agree (see link below). The FANG stocks are taking a beating and I think it's just the beginning.
The days of overpriced stocks (compared to earnings) such as Amazon (produces nothing) and Facebook (produces nothing) and Tesla (deeply indebted) are over. Uber and SnapChat are other examples of grossly overpriced stocks. Investors are sure to look elsewhere for profits as the FANGs go down. My bet is that they'll go for precious metals as a safety net. Quality miners are sure to benefit as well.
I am personally invested in a little gold mining company called K92 (KNT:V on the TSX). While many of the world's gold mines are ramping down, K92 is just getting started. Full production commenced on February 1. They are expected to pull out approximately 900,000 ounces of gold from the ground over the next 9 years, guaranteed. The great thing though, is that as they conduct drill tests further out onto their massive 400,000 sq km claim, they keep finding more gold so it's likely this mine will go for many years beyond their presently stated 9 year life of their existing mine.
Consider investing in gold and gold mining shares. It could be the very best financial decision you'll ever make and could determine whether you go broke or end up rich when the next recession hits which is likely by this summer or fall.
Here's the link to the King World News article...
https://kingworldnews.com/legend-says-fade-the-takedown-as-gold-set-to-spike-nearly-1000/