Gold's Historic Run Just Blew Past $3,300!

Are we headed to $4,000 soon?

Gold futures prices soared overnight to $3,325 while the spot price hovers at the $3,300 mark at time of writing. According to King World News, Chinese futures traders are fueling the gold price ever higher. Chinese insurance companies have also recently been given the go-ahead to invest / diversify in gold, the potential of which could be billions of dollars flooding into the gold market.

Of course, worries over trade tariffs are also fueling gold's price higher with the possibility that it could cause a worldwide recession.

In the meantime, central banks continue to buy gold like there's no tomorrow. Kitco News reported just two days ago that the banks of Poland, China and Turkiye have collectively purchased 24 tons in the month of February.

It should be clear that central banks are diversifying away from the U.S. dollar, the world's reserve currency and into gold. Maybe we should be doing the same thing?

HIU, the gold miner's index shows that it is poised for a massive breakout of as much as 1,250%, to be played out over the next few years. Sentiment in the sector is ridiculously low as investors piled into tech stocks in the last decade. Are we about to see a reversal of sentiment? The ever rising price of an ounce of gold suggests this.

So if an ounce of gold is too expensive for the average person, gold mining stocks are not. In fact, they are grossly undervalued compared to the grossly overvalued tech stocks. Investing in stocks of a gold producing company in a safe jurisdiction may be a very, very good play.

Now is the time to get in on the action, not later. There are no guarantees so be sure to follow due diligence when investing.

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