This story was originally published here.
The $100-$200 daily moves in the gold price are here and appear to be here for good. Interest in gold miners is surging upward.
The combination of unlimited legal counterfeiting by central banks around the globe, mixed with refiners shutting down at a time of high demand is creating dislocations in the gold space that may prove incredibly consequential.
Spreads between bid/ask in the spot market are at levels I’ve never seen. Ditto for spot vs. futures contracts one month out.
The very simple version is there isn’t any gold available — in meaningful quantities — at anything close to the spot price.
I recently spoke with Van Simmons, partner and president of David Hall Rare Coins (best in the business and in a lot of cases created and reinvented the coin business) who explained what he’s hearing about supply constraints in the gold market. To read the interview, click here.
Editor's Note: Keep reading for an urgent message about gold…
The world’s secret gold reserves (and how you can score huge profits)
With all the unrest on financial markets in recent times. Trade wars, U.S. elections, a potential global recession, and hyper-volatility caused by the coronavirus panic…
Most pundits expect to see gold prices soar, much like they did in the wake of the 2008 crisis. Gold has already streaked up 22% since the start of this year. Pundits are expecting it to climb to $5,000 per ounce and legendary investor Jim Rickards is even calling for $10,000!
But where do you find most of the gold in the world?
It’s actually stored away deep underground… not in bank vaults or in Fort Knox like you might think. No, it’s literally still in the ground, waiting to be extracted.
Here’s the big secret that so far only the insiders and elite have known about…
You can invest in this Tier 2 gold right now, for as low as $8.10 per ounce… a LOT cheaper than the current spot price of $1,600+
And when gold prices start going up… your return on this Tier 2 gold will be much higher than if you had bought gold the normal way. You can expect huge returns of 512%, 627%, 832%, 3,900%, and even 7,042%.
It’s both cheap and easy to get started… All you need is some insider knowledge and you can find that right here…