Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

The Simple Secret to Massive Gold Gains

The Simple Secret to Massive Gold Gains

 

I’m going to tell you the secret to making a killing in gold and silver...

It’s patience.

I know, you’re not impressed by that. But it’s true.

And if you let me tell you a story, you’ll see the wisdom of this simple axiom.

It’s a true story, too. And a short one, I promise...

See, there was a time in this country when a man could get fired from his job for predicting higher gold prices. I’m talking about the 1950s, in the era of McCarthyism, when anything less than worship of the greenback was considered unpatriotic; treasonous even.

And yet, despite the risk, despite the angry glares and dismissive stares, one of the world’s greatest living investors went out on a limb and simply said: Buy gold.

He was mocked. He was berated. And he was fired from his job.

But he was right.

Over the next decade and a half, gold prices soared from $35 per ounce to a peak of $486. The yellow metal never again fell below $272 per ounce. Silver, meanwhile, skyrocketed from 92 cents per ounce to more than $20.

The investing maven who stuck his neck out, and those loyal listeners who followed suit, got rich.

This is the story of one man (Mr. James Dines), but it’s also the story of every gold investor of the modern era.

Gold is never a fashionable investment. Even when it’s skyrocketing, the way it did in 2008 and 2009, there are detractors and naysayers calling precious metals investors stupid and wrong.

“You can’t eat gold,” they say. As if that’s the measure of a good investment. Well, last time I checked, you can’t eat bonds, stock certificates, or cash, either. Yet, we invest in them nonetheless.

Still, gold and silver continue to be viewed as different, lesser even. And so gold investors are left with this simple story that just keeps repeating itself over and over. That, and the profits they maintain.

Gold shot up from $135 in 1975 to $850 in 1980. This was the time that our friend Mr. Dines made his greatest fortune.

Contrarians fought, argued, and doubted him, and gold, the whole way, of course. And when prices fell back down to Earth, they took a victory lap.

“It’ll never happen again,” they said. “The bubble has burst.”
Once again, though, the detractors were proven wrong. 

Yes, gold tumbled to $252 in 1999... And then it promptly embarked on a decade-long bull run, peaking at $1,895 per ounce in 2011.

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