Over the long haul, gold prices are headed higher.
If I got your attention with that statement, I'm glad - that was precisely my intent.
You see, our global-investing experts here at Money Morning believe the worries about a major decline in gold prices are overblown.
In fact, we see two strong profit plays in this realm - in gold itself, and in gold-mining stocks.
Here's why.
Up to now, gold-mining stocks have lagged gold prices. That's been a puzzle to gold bugs and institutional investors alike: After all, profits have been strong - and with gold prices still not far below their record highs, that doesn't figure to change.
Indeed, institutional investors are even speculating (amongst themselves, of course) that a takeover frenzy is about to sweep the industry.
For that to happen, however, gold prices have to remain above the $1,500-an-ounce level - something most investors have grown increasingly fearful isn't going to happen.
We know differently.
Powerful trends are in place to steady gold prices in the near term - and to send prices higher in the longer term. And that means gold remains a solid long-term profit play. And the same is true for gold-mining stocks - provided you pick the right ones.
In today's (Tuesday's) issue of Private Briefing - in a report entitled "A "Tidal Wave' of Takeovers is Headed Our Way" - we'll show you how we know gold prices are headed higher.
In fact, they have to - and we can prove it.
And while you're there, check out Monday's Private Briefing report "The Brewing "Takeover Mania' in Gold-Mining Stocks," in which global-resources expert Peter Krauth spotlights two mining companies that are prime takeover candidates.
To find out more, please click here.
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About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning at Money Map Press.