Gold Is Headed for New All-Time Highs

Gold is on a bull run, but it’s not too late to get in…

This story was originally published here.

Gold is up 11% so far this year…

It has been one of the best-performing assets of 2020. But don't worry – things are just starting to heat up for this precious metal.

You see, gold has hit a multiyear high in recent weeks. It's now trading near its highest level since 2012. And the rally isn't over yet.

Thanks to the recent breakout, gold could rally double digits over the next 12 months. That would be enough to push it to an all-time high.

Let me explain…

Buying after an asset has rallied goes against everything your gut tells you. After all, we know we want to “buy low and sell high,” right?

That's true. But putting that strategy to work in investing is tough. How “low” is low enough to buy? This is where things get difficult. The adage is easy to say but hard to implement.

Assets can always fall further than you can imagine. Essentially, a cheap price can always get cheaper. So figuring out where “low” is can be difficult… and dangerous.

The good news is, you don't have to guess when “low” is low enough.

That's because decades of data show that buying an asset in an uptrend often leads to big outperformance. So instead of trying to time the bottom, you can simply buy when prices are moving higher.

This is a “buy high and sell higher” strategy. It works because things that are going up tend to keep going up. And that makes your decision a lot simpler.

In the case of gold, the metal is definitely going up. And again, it recently hit a multiyear high along the way. Check it out…

Gold prices have been on a tear since bottoming in 2018. The metal is up double digits so far this year.

As you can see, gold is now trading at its highest level since 2012. And the trend is firmly in our favor.

Your gut is likely telling you that you've missed it… that the upside in gold is behind us. But you can't always trust your gut in the investing world. History says the opposite is true for gold right now…

Editor's Note: Click here to keep reading.

America's rich dumping tech stocks & cash… and buying THIS

I just read a troubling report from the United States Securities and Exchange Commission.

It appears that some of America's richest investors are dumping shares of tech stocks at an alarming rate.

Berkshire Hathaway, for instance, dumped 2.9 million shares of Apple earlier this year.

Appaloosa Management sold more than half of its stake in Facebook.

And Amazon founder Jeff Bezos recently sold off nearly $3 billion worth of his own company's stock.

What exactly is going on?

It turns out that instead of pouring money into high-flying tech stocks…

Investment dollars are flooding into a different corner of the financial markets.

And it's only just beginning.

My colleague, Bill Shaw has put together a brief presentation to explain the surprising reason behind this massive shift – and how it could send a specific $7 investment soaring in the weeks ahead.

You can watch it, free of charge, right here.

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