Gold stocks continue to be universally despised, plagued by extreme bearishness. This has hammered their stock prices to epically-undervalued levels that are truly fundamentally absurd. This whole sector is now trading as if the gold price was less than a third of current levels! This massive disconnect has created vast opportunities for brave contrarians who have forged the mettle to buy low when few others will.
For literally thousands of years around the entire planet, gold has been an indispensable asset. It has been Tolkien’s One Ring of money, ruling over all national currencies ever created. It has been essential for wealth preservation and portfolio diversification, not to mention inflation protection and capital gains. The natural human lust for gold has dramatically reshaped world history, there is simply nothing else like it.
With gold highly-prized and valuable in all places and all times, the companies that painstakingly wrest it from the bowels of the Earth have also been highly valued. Their hard efforts recover a rare, scarce, and finite resource of great value, so investors usually flock to own these companies. Their extreme degree of out-of-favorness among investors today is far from the norm, it is actually a wildly-unprecedented anomaly.
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