It pays to think long-term—and to recognize major trends and opportunities before they become obvious.
Some of the greatest wins in history stem from long-term thinking. Some of the richest people on Earth, like Elon Musk and Jeff Bezos, had to commit to decade-long visions to accomplish their goals.
At the same time, there’s no shame in recognizing short-term, time-sensitive opportunities right in front of us. Especially in finance and investing, it’s critical to balance both views.
Long-term, we’re watching a clear trend unfold: foreign governments and central banks are losing confidence in the US government and the US dollar. They’re selling Treasuries and buying gold—driving gold prices to record highs.
Why gold? Because it fills the vacuum— no other currency is appealing to replace the US dollar.
But the price of physical gold is only part of the story.
For the last couple of years, we’ve pointed out the massive disconnect between rising gold prices and the underperformance of gold-related companies.
That gap is finally beginning to close. Gold and silver producers—especially the ones with low costs and high margins—are now seeing record revenue growth. And many of their share prices have surged 3x, 4x, and even 5x.
Yet we still believe there’s significant room to run.
This is the part of the cycle where investor capital floods in—especially institutional money that needs larger market caps. And with Q3 earnings about to reflect record-high gold prices, we expect many of these companies to report blowout quarters over the next couple months.
We think there’s still a short window—likely just a few months—where these companies remain undervalued despite strong performance. The disconnect between gold prices and gold company valuations is closing fast, but hasn’t fully closed yet.
Once the broader market catches on, we expect a surge of capital into the sector—especially from institutional investors—which could push prices much higher in a short period of time. That kind of rush often leads to a mini-bubble. And while the long-term case for these businesses remains strong, the short-term opportunity lies in getting in before that final wave of excitement hits.
In the long term, we think gold could easily go to $5,000–$10,000, driven by a global shift away from the dollar. That doesn’t mean it will be a straight line up— there will likely be pullbacks. But the long term trend is clear.
But in the short term, gold-related businesses are poised to benefit from the surge in revenue and capital inflows right now.
And that’s a short term opportunity.
We discuss this dynamic in more detail in today’s podcast.
We also cover:
- The historical parallels between today’s U.S. dollar and the fall of the Roman denarius
- Why there’s no real alternative to gold as a reserve asset in today’s geopolitical landscape
- How Congress’s dysfunction is accelerating the loss of global confidence in the dollar
- The key differences between physical gold and gold companies—and why that gap created an overlooked opportunity
You can listen here.
You can also access the podcast transcript, here.
P.S. While gold has doubled in recent years, many of the companies we’ve been following in our investment research newsletter The 4th Pillar—especially miners, royalty firms, and service providers—are up 2x, 3x, even 5x just in the past few months. Their costs are steady, but as gold prices surge, revenues and profits skyrocket.
Even after big gains, we still think several of these companies could double again as earnings roll in and investor interest explodes.
If you want to see the names we’re watching now, click here to check out our premium investment research service, on sale for a limited time.
