How to Buy Gold for $3 an Ounce

LONDON, June 20, 2019 /PRNewswire/ — What Wall Street knows as an incontrovertible truth is this: Fear is a bargain. And right now, there’s so much fear floating around the market that gold is back on everyone’s radar, with incredible bargains.

Gold is trading at over $1,342 an ounce right now. So imagine buying it for $2-$3 an ounce instead. When Wall Street goes bargain hunting, it’s looking for deals like this. Included in today’s commentary are: Barrick Gold Corp. (NYSE:GOLD) Wheaton Precious Metals Corp. (NYSE:WPM) Teck Resources (NYSE:TECK) Yamana Gold (NYSE:AUY) Kinross Gold Corporation (NYSE:KGC)

One way it does so is by targeting junior miners with major upside, setting short-term price targets that make these undervalued global gold assets ground zero for investors who are fleeing the next potential economic meltdown. Among the well-known Wall Street bargain shoppers are Cantor Fitzgerald and GMP Research, two authorities on the street that closely follow the world’s breakthrough gold developments.

Recently, both have spotted an almost unrivaled gold bargain: Euro Sun Mining – owner of the biggest in-development gold mine in Europe. Cantor Fitzgerald’s short-term price target of $2.10, implies an upside of 406 percent. GMP Research has given it a $3.00 price target, implying a potential 641 percent increase.

That’s because when this gold gets out of the ground against a geopolitical backdrop of a massively destructive trade war and the dangerous flirtation of conflict with Iran, it may likely be the most valuable safe haven asset in the world.

This is where fear becomes opportunity

Fear has overtaken greed, and investors are running for safe havens.