Gold Could Hit $5,000 an Ounce, Canada’s New Gold Rush

gold soaring

In the midst of every crisis, lies great opportunity.

The coronavirus pandemic has unveiled an investment opportunity of the decade.

American billionaire and investor, Thomas Kaplan, has gained a reputation for his bullish stance on precious metals like gold and silver, and he has many reasons to believe this may be the best time to buy gold.

Kaplan believes that gold is now entering a ten-year bull market, where we could expect gold to hit levels as high as $5,000.

That would be close to a 150% increase from the all-time high level of $2,000 it hit just this year.

This is the same man who sold one of his company’s for $2.55 billion and invested the proceeds in gold in silver in 2007. All right before gold went on a massive bull run to break an all-time high in 2011.

He maintains that the next gold rush will be fueled by the world’s growing uncertainty and continuous loss of trust in the US dollar and since the gold supply is limited, the more attention it gains, the more in demand it grows.

But with limited supply and sources running out, the big question is…

Where will the next giant gold discovery be?

The Canadian province of Quebec has been dubbed the “Undisputed Queen of Gold” for a reason.

It is home to 30 major gold-mining venues and 160 exploration projects with about 60% untapped and unexplored.

Canada is on the edge of the next big discovery with mineral exploration companies like Starr Peak Exploration acquiring land adjacent to other junior mining companies.

It seems as though the race to identify the next big gold producer has been underway for some time now.

Warren Buffet’s Berkshire Hathaway recently invested in gold mining, acquiring $562 million in Barrick Gold. He is now the 11th largest stakeholder.

Traditionally, gold has always been seen and used as a safe haven or hedge against uncertain times and economic turmoil. But as we have seen over the past year, gold, this time around, maybe much more than that.

The demand is higher than ever and it’s growing, but the supply doesn’t seem to be keeping up.

Are you positioned to be a part of the next gold rush? Learn how to diversify and protect your wealth and retirement with assets like gold by calling American Hartford Gold at 800-462-0071.

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