$42 Gold
by Doug Hornig
Paydirt editor Doug Hornig addresses exactly how a revaluation of gold could take place. There are already hints from the Fed itself, and the benefits to the government are many. What would happen to the gold price? And to gold stocks? Doug shows how a gold revaluation would make a lot of sense…
Ok, right up front, I do not know of a secret place where you can buy gold for one cent on the dollar. Sorry. But I’ll come back to that $42 number in a moment.
The gold price, which went flat in late October, has lately turned north again, adding $160, or about 4%, since November 20—as I write on December 2. The miners have more than kept pace, with the large-cap GDX rising 10.5% over the same period and the small-cap GDXJ vaulting higher by more than 13.5%.
Granted it’s a very short-term sample size, and by the time you read this, prices may have fallen back. But these are big moves. Is it just an anomaly? Or are we beginning the next leg up after the ongoing bull market in precious metals took a breather?
Or … might something be afoot
…