Most people know Ray Dalio – self-made billionaire, founder of Bridgewater Associates, the world’s largest hedge fund, and who is credited with perfecting the strategy of Risk Parity, but Dalio definitely doesn’t run a one-man show.
In fact, by reading his best-selling book, I got to learn that many investment decisions Bridgewater made over the years and is making today have to do with the judgement and expertise of Greg Jensen, the co-chief investment officer.
Ray Dalio is 70 years old, but Greg Jensen is only 45 and already a SELF-MADE BILLIONAIRE!
At age 45, Warren Buffett was worth around $30M, in comparison. It wasn’t until age 54 that Buffett became a billionaire. Greg Jensen is, without a doubt, one of the best MINDS in finance. The reason I tell you this is because he recently stated just how BULLISH he is on gold.
- Gold $2,000: The first price target that Greg Jensen has just made is that gold will reach NEW all-time highs. This is a huge call and its significance for miners is beyond words, honestly. He literally said that gold could gain 30%.
At $2,000/ounce, mining will be, in our view, the most attractive sector in the markets.
This isn’t a farfetched prediction, since gold is ALREADY trading at all-time highs in several dozen currencies.
- Replacing The Dollar Standard: This second macro-economic forecast is nothing short of an EARTHQUAKE, coming from a Wall Street guy.
Greg Jensen, who sits in a room filled with 30-40 top level analysts and decision-makers at Bridgewater, and whose research depends upon the work of some 1,500 employees and sophisticated computer algorithms, is convinced, according to his comments on FT, that foreign entities will cease to place their faith in the dollar and that he can’t be sure that it won’t happen SOON. Instead, he sees them all putting more and more faith in gold.
In the end, Jensen believes gold will become the unofficial RESERVE CURRENCY, in my interpretation of his comments, which foreign entities turn to, when they lose faith in the dollar!
These two market calls could mean that companies that OWN projects that were previously either not economical or just poorly priced, due to cyclically low gold prices or pessimism, could be suddenly viewed in a whole different light.
The best example of this paradigm shift is with the Optionality Plays. This is the reason I’m personally LONG on GoldMining Inc. (TSX: GOLD & US: GLDLF) right now.
As you can see, out of all the gold explorers and developers in the Americas, GoldMining Inc. (US: GLDLF) has one of the LARGEST portfolios of total Measured & Indicated and Inferred oz. across all projects.
In other words, if miners’ gold resources begin to get priced at more bullish valuations, then GoldMining Inc. (US: GLDLF) has special potential.
In 2016, the company’s assets were valued at a multiple of four, compared with today’s price. Said differently, in the eight-month rally of 2016, which saw gold peak around $1,380/ounce, this stock was 400% more expensive than today – that’s the potential upside, when things heat-up.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
The thing is that even that would leave room for more upside, since, as you can see below, compared with the Haywood Jr. Developers, the stock is 84% undervalued, given that the multiples of peer companies are 43, whereas GoldMining Inc.’s is only 7.
Take a look below:
This is the reason I am personally LONG.
In our view, the company is one of the best-run in the business with Amir Adnani at the helm.
Consider shares of GoldMining Inc. (TSX: GOLD & US: GLDLF)!
Research Partner, PortfolioWealthGlobal.com
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
No matter how good an investment sounds, and no mater who is selling it, make sure you’re dealing with a registered investment professional. Use the free, simple search at investor.gov This work is based on public 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. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. Never base any decision off of our advertorials. Wallace Hill Partners LTD (PortfolioWealthGlobal) stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. Wallace Hill LTD has been compensated by Gold Mining Inc for this email coverage. We have entered into a one year digital marketing agreement and have received one hundred thousand Canadian dollars and stock options that vest over twelve months. We also own shares of the company and will never sell shares within four weeks of any email coverage. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say.
Please read our full disclaimer at PortfolioWealthGlobal.com/