Top Strategist: A Shocking Revelation About Gold Mining Companies
January 12th, 2014
Within the first week of 2014 U.K.’s Royal Mint announced they had completely sold out of sovereign gold coins. On the other side of the pond, the U.S. Mint reports that the sale of silver coins hit an all-time high at the end of 2013, proving that demand for physical precious metals has not abated.
Yet, as investors the world over buy up as much physical gold as they can get their hands on, the companies that produce the gold have seen their stock prices decimated. Whether it’s the work of the shadow banking system or because Wall Street has convinced Main Street to dump their shares, precious metals have seen a significant drop from their historical highs just a couple years ago.
Top Casey Research strategist Marin Katusa gives us a shocking revelation about just how hard gold mining companies have been hit:
I have a document [from our leasing agent] that says because of the junior mining shut downs there’s over half a million square feet available in downtown Vancouver for office lease available at a big discount.
Do you know what it was a year and a half ago? Less than 50,000 square feet.