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Gold Has Had a Strong Two Weeks. Natgold's Was Stronger
Contributed Opinion

View Important Disclosures for this Article

Source:

Brian Hicks of Wealth Daily shares his perspective on NatGold.

Gold has climbed 9.4% since July 30.

For the oldest and deepest commodity market in existence, that is no small thing — $4,100 to $4,484 an ounce in under a fortnight.

NatGold (Token: NATG) has gained 12.6% across the same window.

And Bitcoin — the asset marketed to you for ten years running as digital gold — has slipped 0.8%.

Let that settle for a moment, because it is the entire case.

NATG moved in gold's direction, and then moved past it — because a NatGold token takes its price from certified in-ground gold, less the cost of pulling it out, and that gap widens more quickly than the metal itself does. Gold rose. NATG rose further.

Bitcoin, over those same two weeks, stayed put. It was never actually linked to gold. It was only ever likened to it.

This is how an asset backed by certified gold resources behaves when gold runs.

106,800 NATG are in existence so far — the full supply minted to date, tokenized from certified gold at Idaho's Friday Gold Mine and California's Cahuilla Gold Project. That is the entire pool. And it just recently started trading!


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Important Disclosures:

  1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of NatGold.
  2. Brian Hicks: I, or members of my immediate household or family, own securities of: NatGold. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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