Gold prices are higher now than when the skilled craftsmen of the Varna Necropolis were making golden penis sheaths in 4,500 BC.
Gold prices are higher now than when the skilled craftsmen of the Varna Necropolis were making golden penis sheaths in 4,500 BC.
That means gold prices are the highest they have ever been.
Both fetching record prices.
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Golden Parachutes and Penis Sheaths
[Nick Hodge Photo] By [Nick Hodge](
Written Sep. 04, 2019
All-time record-high gold prices are here.
That means gold prices are the highest they have ever been.
Gold prices are higher now than when the skilled craftsmen of the Varna Necropolis were making golden penis sheaths in 4,500 BC.
They’re higher now than when the banksters almost killed the global financial system 10 years ago. (And got golden parachutes, but no penis sheaths.)
Yes, gold hit new all-time record-high prices in pounds and euros this week, at £1279 and €1400 per ounce, respectively. I’m sure the clear-cut, not-confusing-at-all Brexit will settle things down in coming days.
But I digress. Point is record gold prices are coming to a dollar near you soon. And not because of dollar weakness (the dollar is at two-year highs) but because of a conversion of factors from negative rates to slowing global growth to the very real fact that gold prices have to rise in order to replace dwindling reserves.
[Gold Could Disappear From the Ground Forever](
New gold discoveries are hitting record lows. Just the price to mine gold has skyrocketed 412% over the last decade.
With only 5% of mines actually panning out... Gold is being squeezed so much, that a price explosion is imminent.
And that’s only one reason for gold to jump... I have four more catalysts to show you. [Plus, discover the #1 gold play to make right now here.](
Gold and gold stocks are going higher.
In dollars, gold prices are already up 21% this year and are outperforming the S&P 500.
[Gold vs S&P]But while gold is up 21% year-to-date… gold stocks are up more than twice that — some 45% as evidenced by the oft-cited VanEck Vectors Gold Miners ETF (NYSE: GDX).
[Gold ETF GDXJ]You with me?
Gold is at record prices in other currencies. It is headed to a record in U.S. dollar terms. Gold stocks outperform gold prices.
So you should be buying gold stocks ([and this one in particular]().
The reason gold stocks go up higher than the gold price itself is “leverage.” Gold stocks are leveraged to the price of gold in two ways.
First, there’s operational leverage. A gold miner’s costs are the same today as they were yesterday. But if gold goes from $1,550 to $1,600, they are making $50 more for every ounce they mine. So investors will bid up the share price to account for new higher profits.
[Bizarre Crypto Opportunity Gives You
the Chance to Own Bitcoin for](
But you need to hurry: News is about to break that could close this weird window forever and you might miss out on this opportunity altogether. 99.99% of investors have NO idea this even exists. Yet, it could turn every $1,000 you invest into $23,000 or more.
[All the details are right here...](
Second, there is leverage in unmined gold as well. Gold in the ground is given what’s called an in-situ value. Right now, explorers are being valued at an average of $32 for every ounce of gold resources they have. As the gold price climbs, that in-situ value climbs as well, and the market caps of the companies then climb to reflect that increased value.
So when gold prices are rising quickly — like they are right now — it’s not hard to see that companies with large gold resources are the stocks you want to be in. They’ll allow you to harness that leverage most explosively.
Here is the chart from above again, this time with [my #1 gold stock for this bull market]( thrown in.
[Nick's #1 Gold Stock]Gold up 20% for the year.
Gold stock ETF up 45% for the year.
My #1 gold stock up 75% for the year.
[What are you waiting for?](
Call it like you see it,
[Nick Hodge Signature]
Nick Hodge
[[follow basic]@nickchodge on Twitter](
Nick is the founder and president of the [Outsider Club](, and the investment director of the thousands-strong stock advisories, [Early Advantage]( and [Wall Street's Underground Profits](. He also heads [Nick’s Notebook](, a private placement and alert service that has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world. For more on Nick, take a look at his editor's [page](.
*Follow Outsider Club on [Facebook]( and [Twitter](.
[Trump’s Secret “Tech Mandate” to Ignite 50-Cent Stock](
In Trump’s EO 13769, there’s a secret mandate to deploy a new device at airports nationwide.
Just days ago, the tiny defense stock behind this technology IPO’d. And it’s already surging... up 120% in days.
At the very least, 2,500% gains are on the table — before 2019 is over.
You have days to make a move.
[Click here to act now.](
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