{"id":190,"date":"2019-08-28T19:32:42","date_gmt":"2019-08-28T19:32:42","guid":{"rendered":"https:\/\/goldsilverdesk.com\/news\/?p=190"},"modified":"2024-07-08T17:58:14","modified_gmt":"2024-07-08T17:58:14","slug":"gold-the-easy-part-is-now-behind-us","status":"publish","type":"post","link":"https:\/\/goldsilverdesk.com\/news\/gold-the-easy-part-is-now-behind-us\/","title":{"rendered":"Gold \u2013 The \u201cEasy\u201d Part Is Now Behind Us"},"content":{"rendered":"\n

By Peter Grandich <\/em>
August 27, 2019 <\/p>\n\n\n\n

Back in late summer of 2018, I made a decision that\ngold, and related investment vehicles, was a much better choice for capital\ngains opportunity than both general equities and the overall U.S. stock market\ngoing forward.<\/strong> I chose to hold just one general equity and to instead\nown gold, numerous gold ETFs and one individual mining stocks as my personal\nportfolio. Gold was on either side of $1,200 during that timeframe.<\/p>\n\n\n\n

Since then, I continued to suggest gold, and those related\nitems, as my personal choice over the U.S. stock market. As of now, it has\nproven to be a much better choice with gold up 30% and with gold-related\nvehicles up an average 100% or more. This contrasts, in the same period, with\nthe flat-to-down general stock market. Gold and gold-related items have even\noutperformed general equities just in 2019.<\/p>\n\n\n\n

While many of the remaining \u2018gold bears\u2019 and those who claim\nthat \u201cgold\u2019s rise is basically behind us\u201d, they are mostly the same\nfolks<\/strong> who said the same at $1,200 and who also claimed that gold was\ngoing under a $1,000 too. Words like \u201crelic\u201d<\/strong> were common in their\ndescription of gold, and many of them even claimed that bitcoin and\ncryptocurrencies were the \u2018new gold\u2019. How\u2019s that working out for them?<\/strong><\/p>\n\n\n\n

While I had a bias in favor of gold for the first 30 or so years of my career in and around the financial arena, I have had no such bias now for the last 5+ years. I neither promote investment vehicles that benefit from my stance nor am I employed by anyone who would benefit from my bullish talk on gold. My motivation has simply been 100% for personal profit motives that have led my viewpoints.<\/p>\n\n\n\n

When I was in the \u2018soothsayer racket\u2019, we were mainly as good as\nour last call. Having learned to eat a lot of broken glass from my days of\ncarrying around a crystal ball, I hope to remain fairly humble despite having\none heck of a year over these past 12 months or so. And, I also have come to\nlearn, sometimes the hard way, that resting on one\u2019s laurels may stroke the\nego, but it does nothing for the pocketbook going forward.<\/p>\n\n\n\n

So, with that in mind, here\u2019s my latest observations of gold and\ngold-related vehicles, keeping in mind that I, too, put my pants on one leg at\na time.<\/p>\n\n\n\n

It\u2019s been my opinion that gold would have 3 stages<\/strong> to\ngo through:<\/p>\n\n\n\n