I couldn't be more excited for gold's potential this year.
Both 2016 and 2017 were positive years for gold, despite the precious metal's price action. In fact, gold gained 6% in 2016 and doubled that with a 12.7% gain in 2017.
Since mid-December, this sector has been on fire, with gold ahead nearly 6% since then. Meanwhile, gold stocks are up 10.9% as a group, and they're quickly outpacing gold's gains.
I think 2018 will turn out to be a breakout year for the precious metals sector.
But what I'd like to tell you more about today is how gold-as-money is gradually creeping into the consciousness of the market... and why it's such a huge development for investors...
Gold Is Joining Bitcoin in the High-Tech World
I don't need to tell you about Bitcoin and the tremendous run it has had in 2017, along with numerous other cryptocurrencies. In all likeliness, they're primed for further gains.
Sure, many have a limited supply, but their value is only derived from what the market is attributing to them.
Gold, on the other hand, always has value, because significant effort is required to wrest it from the ground, which is why certain mining stocks make such good investments.
Urgent: Executive Editor Bill Patalon just saw something on his precious metals charts he's only seen twice in 20 years. He calls it the "Halley's Comet of investing" - and it could lead to windfall profits. Read more...
What's more, the yellow metal has numerous industrial, medical, and other applications.
About the Author
Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it's in gold, silver, oil, coal, or even potash.