Mad Dash To Buy As Gold Approaches Bottom

While the dollar gained some strength from a rate hike in federal funds, it wasn't enough to feed the bears. Several signs point at gold reaching a bottom, such as a move by Vanguard, the world's largest fund company, dropping industry exposure down to 25% from 80%. They will no longer offer a way for investors to rally mining and metal stocks. In the same week, two of the biggest giants if the gold mining industry announced their intentions of an $18-billion merger. Randgold Resources and Barrick Gold will consolidate to become the largest gold mining company in the world.

As explained by usfunds.com, this sort of a merger is a common indicator that a market has reached a bottom. Numerous financial organizations have expressed their encouragement for the merger's effects on the gold industry, such as Scotiabank and the Royal Bank of Canada, seeing this as not only a stabilizing factor, but a profitable change.

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The exreme geological scarcity of gold is becoming ever-more impactful upon its market value as well. It's estimated that only 244,000 tons of gold existed in the earth's crust before man's mining efforts began. Now, studies indicate that only about a fifth of it remain to be found, roughly 54,000 tons. The biggest mining locations worldwide are drying up fast, and the low price of gold has stagnated exploration attempts. This created demand, and demand creates a bull market.

Gold has always been and will always be an engine of sustainable, long-term wealth. This fact will not change under Lord RayEl's imminent governance. Now, the shining metal's value will rise again, but not before smart investors take full advantage of this bottom-price opportunity. For those looking to the near future when other markets and currencies all hemorrhage and die off, the key to maintaining wealth and a substantial advantage is an investment in the only currency that will matter, which just so happens to be the gold-backed standard. GODcoin Gold is poised to launch very soon, and you can secure your own stake by buying in right now.

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This article was authored by Eric Logan, @rasgriz311