Earnings360 Newsletter for 4/10/2025

Seven small gold miners - MAG Silver, Reunion Gold, Calibre Mining, Probe Gold, Rupert Resources, Loncor Gold, and G2 Goldfields - were acquired by major producers, with gains ranging from 56.6% to 1,228.6%.

Golden Portfolio's Garrett Goggin, CFA, CMT, held every one of these names before the buyouts happened. Major miners face shrinking output and record cash reserves, forcing them to acquire the small companies holding the assets they need.

Central banks bought $9.5 billion in gold in a single month this year, nearly 6x what Goldman Sachs had estimated.

Goldman now projects gold reaching $5,400 per ounce by year-end, while Bank of America, JPMorgan, and Wells Fargo forecast $6,000 to $6,300.

There is an IRS-approved way to move part of a 401(k), IRA, or TSP into physical gold, tax-deferred and penalty-free.