Since September 21, 2020, the shares outstanding of SPDR Gold Trust (GLD) have gone from 437.8 million down to 287.8 million for a decline of -34.26%.
Since September 21, 2020, the shares outstanding of iShares 20+ Year Treasury Bond ETF (TLT) have gone from 105.2 million up to 519.6 million for an increase of 393.92%.
During this time period, GLD has increased by 17.47% vs. TLT declining by -43.94%.
Where will gold be trading when investors dump TLT and begin rapidly loading up on GLD sending the shares outstanding of GLD to new all-time highs?
GLD ownership is strongly correlated to interest in gold mining/exploration stocks.
It is likely that Augusta Gold (TSX: G) will be $10+ per share when GLD ownership surpasses 437.8 million shares.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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