“In the last three weeks, we’ve seen a big change in the way people are thinking,” my good friend Van Simmons told me yesterday.
“Two things changed people’s minds… the debt ceiling negotiations, and the crash in stocks on Wall Street.”
Van Simmons is a mentor of mine… When I want to check with a friend to get an opinion on an investment deal or a business deal, I often turn to him.
[ad#Google Adsense 336×280-IA]By profession, he’s a dealer in rare gold coins. But saying that misses the big picture… Van is extremely knowledgeable about every asset class and every major category of collectibles (mostly from firsthand experience… ask him, and you’ll see what I mean).
Yesterday, I wanted Van’s opinion about something…
You see, in the last three years, the price of gold has doubled – but the price of many pre-1933 U.S. gold coins has stayed relatively flat.
For example, the “blue chip” pre-1933 gold coin index is actually down over the last three years. Take a look:
I asked Van what he thought about this…
“I’m buying those coins personally,” he told me…
“The events over the last few weeks have made many people realize the U.S. has a real problem. So my phones are ringing, and the premiums over melt value are just starting to rise.”
To me, this is just the start of the next stage of the bull market in gold…
Individual investors have not caught gold fever yet. They’re not loading up on speculative ways to play gold yet.
They haven’t bought gold mining stocks yet. And they haven’t bought “blue chip” rare gold coins yet. So I believe the gold bull market has not hit its mania stage… yet.
I am certain that, at the peak of a gold bull market, the prices of investments like these will go nuts – like dot-com stocks in early 2000.
When the price of gold is peaks, a few things will happen:
* Gold mining stocks will soar beyond reason.
* Rare gold coins will go up hundreds of percent in value.
* The general public will be talking about gold at cocktail parties. You’ll hear things like, “You can’t lose money buying gold”… just as you did about housing at the height of the real estate bubble.
[ad#article-bottom]Right now, none of these is true… But I think the changes are about to happen.
Gold mining stocks are dirt cheap in comparison to the price of gold. And gold coins are dirt cheap, too… After hitting their lowest premiums over melt value ever, the premiums are just starting to rise.
I urge you to consider getting on board in gold mining stocks and “blue chip” gold coins before the real mania kicks in. If gold continues higher, these investments could soar hundreds of percent.
With the coins, your downside is limited to the melt value of the coin. So you’re looking at hundreds of percent upside, with limited downside. I suggest learning more and getting on board…
Good investing,
— Steve Sjuggerud
P.S. For a complete guide on this “low downside, huge upside” opportunity, I encourage to come on board as a True Wealth reader. I just revised and updated my report on how this gold investment could safely return hundreds of percent over the coming years. You can access it with a trial subscription…Learn more right here.
P.P.S. You can reach Van Simmons directly at 800-759-7575 or info@davidhall.com. (As always, I don’t receive any compensation for recommending him.)
[ad#jack p.s.]
Source: Daily Wealth