With gold hitting an all-time high of US$2,346 per ounce on April 26, while blazing a clear path to US$3,000 thanks to ballooning U.S. debt, global geopolitical tensions, falling global interest rates, rising circuitry demand for AI models, and robust central bank purchases as a reserve asset, the opportunity for investors to capture added leverage through gold stocks hasn’t been this enticing since 2007’s Global Financial Crisis.
This is especially true because of physical gold. Gold stocks have a history of outperforming after lagging periods – the last of which has been ongoing since 2021 because of diverted demand into crypto and gold ETFs – creating what Sprott Asset Management describes as the greatest disconnect it has seen in its 25 years of tracking gold.
If investors stay true to business fundamentals, favouring top jurisdictions, growth, profitability, and seasoned management to…
