This Could Be The World’s Most Undervalued Gold Play
Gold isn’t just back—Central Banks are on a buying spree like it’s WWII, and the biggest names in mining say we’re running out of physical gold. China and Russia are staking enormously on the precious yellow metal. By the end of 2018, Central Banks had bought up 74% more gold than the year before—and they’re still going strong. Russia is hedging against the dollar heavily. China, too. The World Gold Council says it hasn’t seen anything like this since 1967. It’s a combination of global events that could send gold prices soaring abruptly. All the biggest names in gold agree one thing: We’re running out of physical gold. Ian Telfer, CEO of Goldcorp, the biggest mining company in the world, says “we’re right at peak gold”. Franco-Nevada chairman Pierre Lassonde says the coming years will see a significant dip in gold production. And Seabridge Gold chairman Rudy Frink says gold reserves are shrinking noticeably. These fears are real. Discoveries in the past decade have paled in comparison to earlier times. ... Click here to view full article