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Byron King, Senior Geologist for Rickards Strategic Intelligence observed what might be a new trend in gold investing. King recently attended a conference on mines and mining in Florida sponsored by Rick Rule’s investment group. King was surprised at the number of younger attendees in the 20-40 age group and some even with babies in strollers. He found that almost all of them had made a lot of money in crypto and were considering to becoming new gold investors. It makes sense to me. This could be the new source of cash to get these gold stocks moving higher.
The small cap gold companies often have higher prices every 10-20 years when a variety of factors come together. (Higher gold prices, interest rates, inflation, new investors, fear, etc.) A lot of these factors seem to be coming together currently. Also, many investment companies are now recommending to include gold in retirement plans to protect against inflation and benefit from higher gold prices. In 1970 gold was $30 an ounce and today it is over $1,500 an oz.
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