**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.

UBS did not recommend NEM. But the earnings beat made everyone who was bidding underneath buy it in a rush… possibly some shorts covered as well

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

1. Executive Summary: Reasons to own Gold

   1. Structural Reasons

   2. Macro Reasons

   3. Flow/mechanical Reasons

   4. Fundamental Reasons

2. The Reasons

   1. Central bank Buying.

   2. Unsustainable US Deficit

   3. China QE Soon

   4. Bitcoin is Not Gold 2.0

   5. Inflation Targets Will Be Raised

   6. Correlations will Return

   7. The Dollar Sells Off

3. The Other Reasons

   1. Geopolitical risk

   2. Bullion 40% below ATH

   3. Mining Fundamentals

   4. Spec Longs not as High as They Look. (includes trade idea)

4. What Mining Stocks to Buy