about the ever-present "gold is about to..." hype:many people have called for an imminent capitulation of the USD to an undefined, intrinsic value of gold - since Richard Nixon took the US off the gold standard to fund the US's Vietnam War about 50 years ago.
Two problems with investing in - or waiting for - 'Gold's big move - and it's victory over the USD':
- nobody knows what the intrinsic value will be, when the USD does its inevitable decline, and
- history suggests that world reserve currencies lose their status very, very slowly.
The US's enshrinement of its dollar in deals with the House of Saud - a.k.a., the petrodollar - and the US's defacto role as reserve paper currency of the planet - have allowed the dollar to stay high with respect to gold since I was a child long ago. yes, more and more oil is paid in non-USD, and the non-USD fraction of world trade has been slowly declining for several decades.
despite that, The USD's valuation has remained lofty and unreconciled to how gold is valued in much of the world. China and Russia and finally central banks have been accumulating gold, yet the USD seems nearly invincible.
Many newsletter writers, promoters of crappy gold stocks, promoters of "gold medallions" - and other grifters - opine that the dollar will lose its value relatively quickly. History of reserve currencies like the British Pound, the dutch Guilder, etc., suggest the process is very, very slow - NOT fast.
i suggest NOT investing your money waiting for gold to triumph over the USD. I've tried it and wish I had not. more and more, I think the smart strategy is to find Au mine-builds that look reliable (like ARTG), and ride them through re-valuation.
ARTG looks good. However, so did Marathon Gold, and so very many others. Marathon's Valentine mine will be built, but very likely most retail investors have taken a financial blood bath waiting for it.
GLTA.