Point of No Return

This article was originally published at Sprott.com

Gold will continue to do its job.

By John Hathaway

Mining company valuations appear extraordinarily cheap … Buying low is never easy but now is the time to do it.

We think gold has been sensing the endgame for Keynesian policy prescriptions, mainstream economic thinking and hyper-leveraged investment practices … At the moment, mining company valuations appear extraordinarily cheap. It is one of the few industries that will report solid year-over-year earnings gains for the remainder of this year and perhaps into the next. Buying low is never easy but now is the time to do it.

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