GOLD FRENZY: THE BULL RUN OF GOLD AND BITCOIN HAS JUST BEGUN

With Gold Surging and Bitcoin Following Suit, Investors Are Strapping in for a Wild Ride

Kitcogold.com and Goldman are hotter for gold than ever before. The quantity of gold in the ground is diminishing, with only 50 years left before the Earth’s crust has been fully mined.

Gold is heading for $US5,000. It’s now at its highest level ever and seems to be just getting started. Compare that to Bitcoin, which is trading at $US84,500 and, on the back of gold’s rise today, leapt another $US3,300.

Once upon a time, silver prices were tied to a percentage of the gold price, but not anymore.

So why are gold and Bitcoin prices synchronized? That’s easy. Bitcoin players are selling out of Bitcoin to buy gold, and gold players are selling out of gold to buy Bitcoin. This effect is driving both gold and Bitcoin sky-high. With around 20% of gold purchases driven by current and upcoming conflicts, investors are turning to gold as a safe haven. This same reason for buying gold is also the catalyst (or detonator) for others to jump onto a moving train.

So where to from here?

Expect gold stocks to surge on Monday’s open as the gold-buying frenzy shifts into high gear. Put your seatbelts on, Australia. With the Aussie dollar near worthless, gold prices are being driven to the heavens. The only plus of having fools in Canberra is that their mismanagement is pushing the Aussie gold price even higher—so it’s not all bad.

Kitcogold is about to launch a new section on our website where gold mining companies can advertise gold mines, joint ventures, mining leases, exploration tenements (EPMs), and anything else associated with gold.

We’ve done this in the past, and every gold mine advertised was sold within a month.

Good luck, gold punters!