We use cookies (including third-party cookies such as Google) to remember your site preferences and to help us understand how visitors use our sites so we can improve them. To learn more, please see our privacy policy and our cookie policy.

To agree to our use of cookies, click 'Accept' or choose 'Options' to set your preferences by cookie type.

Options Accept
BullionVault

CHARTS

  • English
  • Deutsch
  • Español
  • Français
  • Italiano
  • Polski
  • 日本語
  • 简体中文
  • 繁體中文
  • Daily audit
  • Help
  • Contact
  • Deposit
  • Login
  • Open account
  • ABOUT US
    • About BullionVault
    • In the press
    • Reviews
    BUY/SELL BULLION
    • Vaulted gold & silver
    • -Live order board
    • -Daily Price
    • Coins for delivery (UK)
    INVESTMENT GUIDE
    • Guide to gold
    • -How to buy gold
    • -Gold investment
    • -Gold investment plan
    • -Investment insurance
    • -Compare asset performance
    • Guide to silver
    • -How to buy silver
    • Guide to platinum
    • -How to buy platinum
    GOLD NEWS
    • Gold news front page
    • -Gold price news
    • -Opinion & analysis
    • -Market fundamentals
    • -Gold/Silver Investor Index
    • -Infographics
    CHARTS
    • Gold price
    • Silver price
    • Platinum price
    • Price alerts
  • Login
  • Open account
  • BUY/SELL BULLION
  • Vaulted gold & silver
    • ⤷
    • Live order board
    • Daily Price
  • Coins for delivery (UK)
  • INVESTMENT GUIDE
  • Guide to gold
    • ⤷
    • How to buy gold
    • Gold investment
    • Gold investment plan
    • Investment insurance
    • Compare asset performance
  • Guide to silver
    • ⤷
    • How to buy silver
  • Guide to platinum
    • ⤷
    • How to buy platinum
  • GOLD NEWS
  • Gold news front page
    • ⤷
    • Gold price news
    • Opinion & analysis
    • Market fundamentals
    • Gold/Silver Investor Index
    • Infographics
  • CHARTS
  • Gold price
  • Silver price
  • Platinum price
  • Price alerts
  • ABOUT US
  • About BullionVault
  • In the press
  • Reviews
  • Help
  • Contact
  • Daily audit
    • English
    • Deutsch
    • Español
    • Français
    • Italiano
    • Polski
    • 日本語
    • 简体中文
    • 繁體中文

Gold News

Live support

NEED HELP? ASK US NOW

Search form

Gold News front page

Gold Price News

SLV Silver ETF Expands Fastest in 18 Months as Biden Moves into White House

More...

Gold Investing In Depth

Learn about gold bullion bars

Learn about gold bullion coins (and costs)

Gold investment: Why & how?

Gold Investment Analysis

  • Latest Gold Investor Index
  • Diversification: Gold as investment insurance
  • 40-year Asset Performance Comparison Table

Gold Articles

Opinion & Analysis

Gold Price News

Investment News

Gold in History

Gold Books

Gold Investor Index

Gold Infographics

Archive

  • January 2021 (14)
  • December 2020 (24)
  • November 2020 (23)
  • October 2020 (25)
  • September 2020 (25)
More...

List of authors

10-Year Gold Bull Starts Now!

Monday, 11/05/2018 09:01

Apparently...

"IF ONLY I could go back and invest at the start of this 10-year bull market..." recounts Zach Scheidt, editor of Agora's The Daily Edge, in Addison Wiggin's Daily Reckoning newsletter.

It seems like every week I hear some variation of this statement. People are frustrated that they didn't invest when the stock market was on sale in the wake of the financial crisis ten years ago.

Missing out on a 10-year bull market is a tragedy, especially for my friends who promised themselves they would never invest in stocks again...

...and are only now willing to think about taking a more balanced approach to investing.

Hopefully you're not in the same boat. After all, we've been pointing out the many opportunities this market has been offering for several years now.

But what if I told you there's a new bull rally kicking off in a special area of the market. One that could last for 10 years or more.

Would you have the courage to pull the trigger?

For a long-term bull market to begin, and as counter-intuitive as it may sound, people have to hate the market that's about to take off. Because the more non-believers there are today, the more potential buyers there are who can eventually jump back into the market.

We need buyers on the sidelines because for a bull market to be sustained for years at a time, you have to have buyers steadily coming back in.

That's exactly what we have in the gold market right now.

Investors love to hate the precious metal, and this hatred has been brewing for a number of years now.

The arguments are predictable...

  • "Gold has no practical purpose."
  • "It costs money to store gold."
  • "Gold is an archaic relic with no place in our modern financial world..."
  • And on and on. You've heard them all I'm sure.

But the truth is that gold has historically been a reliable storage of wealth and a great way to protect your wealth against inflation.

So we have an abundance of investors who hate gold right now which has caused gold to trade lower for the last several years, stagnating near its current price around $1,225 per ounce.

But with inflation finally starting to pick up again and so many people looking for ways to protect their wealth from a falling market, this is a lot of ammunition to drive the price of gold higher.

Whenever I consider investing in an area that could be a brand new bull market, I like to see my investment pass a test.

Maybe there's a pullback that is met with enthusiasm from other investors. That tells me that demand for the particular commodity, market, or industry is very strong.

Maybe it's a particular challenge an industry is facing. If that challenge can be overcome, I can be more confident that the bull market will continue.

In the case of gold, the yellow metal is actually in the process of passing a big test right now!

You see, the US Dollar has been very strong over the past six months. And a strong Dollar should make it tougher for gold prices to rise. Because it typically takes fewer "strong" Dollars to buy an ounce of gold.

But that's not what is happening. Instead, gold is passing the test, moving higher as investors look to this area of the market for protection.

Considering the fact that it's been seven years since gold's last bull market ended, we're definitely overdue for a bull market. And with so many investors looking for ways to protect and preserve their wealth, I'm expecting the next gold bull market to last a long time and move a long way.

So make sure you're allocating a portion of your investments to gold – whether it be in the form of physical gold, ETFs that track the price of gold, or even gold mining companies that should see sharply higher profits as the price of gold advances.

Here's to growing and protecting your wealth!

  • Reddit logo
  • Facebook logo
  • Twitter logo
  • Google logo
  • Yahoo logo
  • LinkedIn logo
  • Digg logo
  • StumbleUpon logo
  • Technorati logo

Publisher of Agora Financial, Addison Wiggin is also editorial director of The Daily Reckoning. He is the author, with Bill Bonner, of the international bestsellers Financial Reckoning Day and Empire of Debt, and best-selling author of The Demise of the Dollar.

Addison Wiggin articles

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

Mobile apps

 - live trading 24/7

 - buy & sell instantly

 - up-to-the-second charts

 

 

 

Daily news email
Go to 'communications settings' 

Get the latest daily gold price news free by email

Latest gold news by email

 

 

 

Gold Investor Index
5 January 2020

Gold Investor Index

Gold investing +58% in NY21

 

 

 

LBMA webinar
21 January 2021

LBMA

London gold trading

 

 

 

International
Investment

16 December 2020

Gold 2021

Gold in 2021

 

 

 

LBMA Alchemist
1 December 2020

Newton

True Gold/Silver Ratio

 

 

 

  •  Email us

Market Fundamentals

  • 'Cut Bullion Duty to Cut Smuggling': India's Gold Industry
  • Platinum Price Hits 4-Year High Even as Electric Beats Diesel Cars in Europe
  • Record Investing Pushes 'Industrial' Silver and Platinum into Deep Deficits
More...
  • Cost calculator
  • Cookies
  • Terms & conditions

©BullionVault Ltd 2005-

  • Twitter
  • Facebook
  • LinkedIn
  • YouTube

Save your cookie preferences

We use cookies to remember your site preferences, record your referrer and improve the performance of our site. For more information, see our cookie policy.

Please select an option below and 'Save' your preferences.

Save

You can update your cookie preferences at any time from the 'Cookies' link in the footer.

Secure auto-logout warning

You have not been active for some time.

For your security you will be logged out in   minutes unless you take action.