The Major Bull Market That No One’s Talking About
Quietly and with little fanfare, gold just hit its highest levels in seven years.
And the precious metal is outperforming stocks dramatically this year. The S&P 500 remains down 6%… gold is UP almost 17%.
Heck, gold is even outperforming TECH stocks by 200% (the NASDAQ is up 8%).
I say “quietly” because you’d think that gold’s outperformance would be getting plenty of attention, but you’d be wrong.
An Under-the-Radar Overachiever
The financial media continues to focus on tech stocks like Apple and Microsoft. It’s almost impossible to find a time where CNBC or other financial media outlets even bother mentioning gold… despite the fact that it’s outperforming the best stock market sector by 200%!
And bear in mind, gold priced in US dollars is actually lagging behind its performance when priced in other currencies. Priced in other major currencies – yen, euros, and francs – gold has already hit all-time highs!
So… what does this mean?
Strategic Investments Only
Gold is in a new major bull market. And that bull market is being fueled by money printing.
Globally central banks have already printed $5 trillion worth of new money in the last three months. And this doesn’t count the trillions more in stimulus money sovereign governments are issuing.
Humanity has used gold as a store of value for 5,000 years. As such, gold is a kind of currency that cannot be printed. So as governments and central banks compete in a game of competitive devaluation with their paper currencies, it’s not surprising that gold is entering a major bull market.
I expect this trend to continue. Which is why gold remains one of the key focuses for subscribers of my Strategic Impact newsletter.
Indeed, I recently told them about a relatively unknown play on gold that gives them broad exposure to a basket of mining companies. And as I write this, it’s showing strength.
To find out what it is and learn more about Strategic Impact… click here now.
Editor, Money & Crisis