**Must Read: UBS "With Gold Breaking the Rules, Overweight Gold Stocks"
The best report on reasons to own Gold we’ve ever seen.
Housekeeping: Good Morning. This report is the best report on reasons to own Gold we’ve ever seen. It touches on every reason described in GoldFix for the last 2 years and serves as vindication of what readers have known for some time.
One caveat: we are not telling you to buy miners. They are. It’s a bold statement, and not without risk. But there it is. Miners are near their lows with gold bullion near its highs.
Intro:
How good is this report? Very good. Does it mean we are at the top? Always a risk. After a few more banks put out their own recommendations, most likely yes in the short/medium term.
But this report is a complete structural change in how banks are looking at metals now. Frankly, This is why investors chased NEM after earnings last week.
The fact is: Every bank on the street saw what we saw as well to some extent. But, due to their unwritten rules, none would talk on it outside of observations and dismissive comments while they pushed Nvidia on clients.
Now things are different. Now banks are permitted to share these reasons with the masses looking for opportunities.
UBS, an actual investor bank for bullion owners (not producers) has broken the picket line and come out hot.1
Enjoy
Contents: 4700 words
Executive Summary: Reasons to own Gold
Structural Reasons
Macro Reasons
Flow/mechanical Reasons
Fundamental Reasons
The Reasons
Central bank Buying.
Unsustainable US Deficit
China QE Soon
Bitcoin is Not Gold 2.0
Inflation Targets Will Be Raised
Correlations will Return
The Dollar Sells Off
The Other Reasons
Geopolitical risk
Bullion 40% below ATH
Mining Fundamentals
Spec Longs not as High as They Look. (includes trade idea)
What Mining Stocks to Buy