The Easy Part Of Investing In Gold Is Now Behind Us

“hundreds of dollars more of upside potential”

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

Our friend market analyst Peter Grandich writes this week that “the easy part” of investing in the gold sector “is now over” and volatility will increase and shake people out even as the monetary metal retains “hundreds of dollars more of upside potential.”

Grandich also praises GATA for sticking with its campaign against gold market manipulation when the respectable commentariat was ridiculing such complaints. Now that so much manipulation is acknowledged, he wonders where the apologies are.

Grandich’s analysis is headlined “Gold — The Easy Part Is Now Behind Us” and it’s posted at his internet site here (excerpt below):


Back in late summer of 2018, I made a decision that gold, and related investment vehicles, was a much better choice for capital gains opportunity than both general equities and the overall U.S. stock market going forward. I chose to hold just one general equity and to instead own gold, numerous gold ETFs and one individual mining stocks as my personal portfolio. Gold was on either side of $1,200 during that timeframe.

Since then, I continued to suggest gold, and those related items, as my personal choice over the U.S. stock market. As of now, it has proven to be a much better choice with gold up 30% and with gold-related vehicles up an average 100% or more. This contrasts, in the same period, with the flat-to-down general stock market. Gold and gold-related items have even outperformed general equities just in 2019.

While many of the remaining ‘gold bears’ and those who claim that “gold’s rise is basically behind us”, they are mostly the same folks who said the same at $1,200 and who also claimed that gold was going under a $1,000 too. Words like “relic” were common in their description of gold, and many of them even claimed that bitcoin and cryptocurrencies were the ‘new gold’. How’s that working out for them?

While I had a bias in favor of gold for the first 30 or so years of my career in and around the financial arena, I have had no such bias now for the last 5+ years. I neither promote investment vehicles that benefit from my stance nor am I employed by anyone who would benefit from my bullish talk on gold. My motivation has simply been 100% for personal profit motives that have led my viewpoints.


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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