Great Times Coming for Gold Mining Stocks

by John Rubino
Dollar Collapse

Gold mining can be a terrible business. The metal’s price is volatile. Environmental and political risks are ever-present. And operating costs (especially energy) tend to rise even when gold’s price is falling. The result is a combination of low margins and high risk that causes most miners to consume more wealth than they produce.

But every once in a while the stars line up in a favorable way, and this year looks like one of those times.

First and foremost, gold has been rising and is now at record highs in most non-dollar countries and not far from a record high in the US:

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