Why Gold Is on the Brink of a Historic Surge

On this week's Stansberry Investor Hour, Dan and Corey are joined by Rudi Fronk, chairman, CEO, and co-founder of Seabridge Gold (SA). But first, Dan and Corey kick off the podcast by discussing the latest numbers for gross domestic product ("GDP") and the core personal consumption expenditures price index. Then, they also explore what they think the Federal Reserve will do next and what will happen to the stock market. (00:41)

Next, Rudi joins the show to chat about Seabridge Gold, the outlook for the gold market, and risk within the industry. Rudi emphasizes that Seabridge is not a mining company, and it instead partners with major mining companies to co-develop assets while retaining around 40% to 49% interest in projects. (16:21)

He believes the current challenges in the Treasury market as well as hedge funds using leverage to accumulate positions will ultimately drive gold prices to new heights. Rudi boldly predicts that gold will surpass its previous all-time high of approximately $2,063 an ounce by the end of this year. Moreover, he details why he foresees gold's price surging to multiples of its current value over the next few years. (24:26)

Rudi concludes by explaining why it's so difficult for mining companies to turn a profit and why so many of them never get any dollars out of the ground. "I don't have a high respect for most of my industry," he says simply. If you're interested in investing in the gold industry or just want to know more about it, don't miss this week's show. (36:32)

[michalsavatar]

Is this an interview from 12 years ago? Because I've been hearing this rhetoric for that long.

[portalminer]

I've been hearing that gold was about to explode for decades. Still waiting...

[skydiver]

If I had a dollar every time I've heard you know the rest

[incurableromantic]

I love "gold is about to rocket" pieces: they're completely timeless.

[st]

Fronk-meister!!! He knows what he's talking about, so pay attention>

[Kane]

Lol the guy selling gold marking predictions to get you to buy

[David-ynwl]

You are all to impatient. I have witnessed gold moves that were fast and furious

[minnesotamerry]

Why do I think that I've heard the story before?

[spyder_man]

Title is just missing the word digital.

[George-nnui]

Stocks are tied to politicians best to put your trust in the companies that have the most undervalued commodities.

[onechangethebetter]

My goodness, 24 years of strategy and not a dollar in revenue? Hyperinflation will save him, a depression will crush him.

[FreeSpeechAll]

You ALWAYS say, "Let's talk to our guest. Let's do it RIGHT NOW!" and you NEVER do it right then. You ALWAYS go straight to a commercial FIRST.

This is why people don't trust you! 😂 Lol!

[method]

If KSM so valuable why is the market basically giving it zero value? It appears it's never going into production otherwise a big miner would have already bought it.

[andreaerling]

Gold is on a historic surge, says a Gold trader.
Another one who is into Bitcoin says that bitcoin is the genuine article.
These predictions have all been wrong.
These financial programmes are utterly boring these days. Good bye

[billbaker]

I have been collecting graded gold silver platinum palladium coins since 2005 and I hope I made a good choice. No body knows about my holdings

[abnerbjorn]

You're going to have to try harder if you want to keep me as a subscriber. Is this a permanent replacement for Daniela Cambone? Too long, nothing nice to look at.

[AllSeeingEyesMetal]

😂😂

I’m bullish on digging up the earth and going back to horse and carts from cars

Imagine thinking a trust based gold system is important with Bitcoin here, the first ever truly trustless system and renders gold as useless for everything…..

[dallemj]

HAHAHHA GOLD THE YELLOW PET ROCKET IS FLAT FOR 12 YEARS HAHAHHA