GoldCorp (GC), one of the single largest producers of gold in the world, recently completed a geological survey at Century Mine in Timmins, Ontario and announced only 53.5 million ounces of gold in proven reserves. This equates to approximately 10 years or less at current mining rates and is expected to cause a sustained increase in both gold and gold stock prices as the price per ounce increases due to a coming shortage of supply. — Gold Discovery
"The gold business has a great future," CEO and President of IAMGOLD Stephen J. Letwin announced during his speech at the (NMPMF) Northern Miner's Progressive Mine Forum, which was recently hosted in Toronto the fourth quarter of 2017.
Letwin compared today’s gold market to that of oil back in the early 1990s when investment came to a screeching halt and the cost was over $90 a barrel. “Nobody was willing to make a bet. And because of that, we got short on oil. We had a situation where none of the exploration was done," he explained. Because gold is now entering a similar pattern of development, investors who have not forgotten the lessons of the past are positioned strongly to make a profit in the coming years.
Gold stocks are headed for a new normal in terms of all-time highs, and conscious investors need to act and get in on the ground floor before they are priced out of the market. By providing liquidity in these times of much needed gold exploration, investors will be rewarded early in the form of increased dividends, as well as capital appreciation as gold prices continues to rise. Our firm has produced two critical articles with the intent of educating investors as to why gold stocks will save their retirement, as well as what top gold stocks to own going into 2018.
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