I can already see the hate mail coming in.
But, it’s true. Americans, living in the U.S., shouldn’t buy physical gold right now.
First, let me start by saying that I believe we’re in the early innings of a spectacular gold bull market. And I hold physical gold myself.
But I’m not an American living in the U.S.
And this coming bull market is one where I believe the right gold stocks will do very, very well.
So why shouldn’t Americans rush out and buy physical gold at today’s prices, or over the next 12 months?
The U.S. Dollar will continue its newfound strength alongside the price of gold.
Contrary to your recommended YouTube video feed and $1 million ad budgets to buy “America Dollar Crash 2020”, the U.S. Dollar just isn’t going to zero anytime soon.
For too long gold bugs have been using the demise of the U.S. Dollar as the reason to buy gold.
Well, in the current global environment, that argument is just flat out stupid.
But there is one-way Americans can use their string dollar to outperform physical gold immensely. I’ll get to that later in this missive.
The U.S. Dollar is Still the King of Currencies – Physical Gold is Queen
And I don’t see the USD being knocked off the throne anytime soon. Not by Bitcoin, not by gold and not by silver.
Let me explain.
Physical gold makes sense right now for citizens in most countries except the U.S.
If you live in Canada, Russia, China, Australia, Turkey and many other nations outside of the U.S….
Then yes, buy and store physical gold because your currency will devalue significantly to the U.S. currency. Gold is an easy way to “store” or hedge your wealth from being devalued away.
Remember that gold producers in those countries are selling gold in USD but paying for operations in a cheaper currency. And that means more profit on the bottom line.
I see this trend continuing for the next 12 months.