by Staff Reports Money Morning, Money Morning
— this post authored by Greg Madison
Bitcoin – a high-tech, 21st-century investment vehicle if ever there was one – soared from $1,000 to nearly $20,000… and back down to $13,100. It has, of course, got everyone riveted. Stocks are going ballistic, too, with the market packing on more than 20% in gains over 2017.
And so it’s been easy to overlook that 5,000-year-old, decidedly non-virtual asset: gold.
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Its story hasn’t been flashy; the yellow metal has had a tough time thanks in part to all those strong dollars sitting in optimistic, well-paid investors’ pockets.
But, as Money Morning Director of Research Matt Warder is about to show you, the bottom is behind us, and the way upstairs is wide open for gold gains – possibly even extreme gains – in 2017.
