Retail Isn't Buying This Boom... Yet

Retail investors are showing no interest at all in gold, despite its impressive boom so far. That isn't a bad sign – in fact, it shows gold's bull market could be far from over... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [DailyWealth] Retail Isn't Buying This Boom... Yet By Brett Eversole --------------------------------------------------------------- "My phone isn't ringing," Van Simmons told me at our annual Stansberry Conference in October... "I never thought that would happen with gold at $2,700 an ounce," he said. "But no one's calling." Van is a partner and president of David Hall Rare Coins, a metals and collectibles dealer. He also co-founded the Professional Coin Grading Service – the largest rare-coin grading service in the world. We've considered Van a trusted dealer for decades. He's a member of the board of directors of our parent company, MarketWise. And he knows the collectibles markets better than anyone I've met. For instance, Van and I once had a two-hour conversation – about pocketknives... He has bought and sold hundreds (if not thousands) of pocketknives over the years. And he explained the market in vivid detail. What's more, he could probably do the same for dozens of esoteric collectible markets. At the conference, I expected to hear that Van was busy as ever, given the incredible 28% rise we've seen in gold this year. But the opposite was true. Business is dead. He's not the only one noticing this slowdown. That isn't a bad sign, though. In fact, it tells me that despite an impressive boom so far, gold's bull market is far from over... --------------------------------------------------------------- Recommended Links: [New Warning Goes Live at 10 a.m. Eastern Time Today]( One investor from rural South Carolina says the insights he has gained from his network of ultra-wealthy contacts (including one former U.S. president) are something that anyone can put to work. Today, he will share his No. 1 investment idea in a billionaire-backed industry he recommends you MUST move your money into before the end of 2024. [Click here to watch – live from Palm Beach, Florida](. --------------------------------------------------------------- [Wall Street Warns: Stocks Could Be 'Dead Money' for the Next 10 Years]( Despite recent rallies, big banks such as JPMorgan Chase, Goldman Sachs, GMO, and Apollo Global Management are warning that stocks could now be "dead money" – for the next 10 years. At the same time, well-connected billionaires like Warren Buffett have been selling off U.S. stocks at an alarming rate. Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market – and why, even if you're sitting on large gains right now, you could soon face losses of 50% or more if you do nothing. [Click here for all the details](. --------------------------------------------------------------- Van's experience seems to be the rule, not the exception. I heard the same thing from two other trusted coin dealers at the conference. First was Dana Samuelson, founder of American Gold Exchange. He had the same report... "The 2011 gold peak was a retail buying frenzy," Dana told me. "I haven't seen that at all this time around." Dana said he got a little busy earlier this year when gold first broke out to new highs. But recent months had been slow. Rich Checkan, president of Asset Strategies International, told me something similar. He'd seen buying pick up a little recently. In his view, that was in advance of the election. But volumes were still low. Between the three of them, an odd consensus formed... Folks usually rush to buy gold as prices rise. They get excited as the gains pile up. Often, though, they're jumping in at the worst possible time. And that retail buying tells you the boom is nearing its end. That's not happening today. Gold has hit all-time high after all-time high... but investors aren't interested. They aren't buying. This bodes well for the health of the gold boom that's underway. Again, the metal is up 28% this year. Gold stocks are up 22%. But these kinds of rallies end when everyone's euphoric... and there's no one else to buy. That's clearly not the case today... far from it. Instead, retail buyers have forgotten gold entirely. They're showing no interest at all, despite gold hitting new highs this year. That situation won't last forever. Eventually, investors will pour money into the metal, chasing the dream of easy profits. That's when we'll have to worry. But we're simply not there yet. That means gold is positioned to keep soaring into 2025. So if you think you've missed the rally in gold and gold stocks, think again. This is one area of the market that's likely headed much higher in the months ahead. Good investing, Brett Eversole Further Reading Stocks have soared this year... as have safe havens like gold. Investors start to get uneasy when the market rallies so much for so long. But remember, bull markets don't end simply because they've lasted a long time... [Learn more here](. Today, we're seeing a "yellow light" for the bond market. The last time this signal flashed was in mid-2007, before the worst crash of our lifetimes. But history shows this won't lead to trouble yet – and likely not for years to come... [Read more here](. --------------------------------------------------------------- [Tell us what you think of this content]( [We value our subscribers' feedback. To help us improve your experience, we'd like to ask you a couple brief questions.]( [Click here to rate this e-mail]( You have received this e-mail as part of your subscription to DailyWealth. If you no longer want to receive e-mails from DailyWealth [click here](. Published by Stansberry Research. You're receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. For questions about your account or to speak with customer service, call 888-261-2693 (U.S.) or 443-839-0986 (international) Monday-Friday, 9 a.m.-5 p.m. Eastern time. Or e-mail info@stansberryresearch.com. Please note: The law prohibits us from giving personalized financial advice. © 2024 Stansberry Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Stansberry Research, 1125 N Charles St, Baltimore, MD 21201 or [stansberryresearch.com](. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Stansberry Research does not recommend or endorse any brokers, dealers, or investment advisors. Stansberry Research forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Stansberry Research (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.