The Advent of Gold Re-Monetization
by Doug Hornig
Paydirt Editor Doug Hornig is back with a compelling look at how gold is being re-monetized—and why he’s buying gold stocks now…
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It’s April 17, and today I did something I haven’t done in a while. I bought some shares of stock in a gold mining company.
I’m not gonna tell you which one. That’s the boss’s job. It’s just the fact that I hit the Buy button that’s important. It means that I feel the bottom is in for gold and the miners that produce it.
Don’t get me wrong. I have no crystal ball (and if anyone tries to persuade you that they do, run in the opposite direction). As a longtime commodities investor, I simply try to make the best decisions I can, given the available information.
I’m well aware that the current truce in the Iran war is fragile. If it resumes, markets may well take another swan dive into an empty pool. Even best case, volatility is likely to be with us for a while longer. But there comes a time when it’s wise to set fear aside and adopt an optimistic view. For me that moment was today.
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