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Buffett’s favorite chart just hit 217% – here’s what that means for gold

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This one chart Warren Buffett has called:

“Probably the best single measure of where valuations stand at any given moment.”

It’s not the Fed rate… earnings… or some moving average or RSI squiggle…

It’s a chart so simple, so powerful, Buffett has used it to make his biggest moves - including when he walked away from the markets entirely in the late ‘60s.

It's known as the "Buffett Indicator."

And it just hit 217% -  its highest level ever in financial history.

Translation: stocks are more overvalued now than before the dot-com crash… the 2008 meltdown… and yes, more overvalued than even 1929.

So it’s no mystery why Buffett is sitting on a $382 billion cash pile. 

Now he’s hunting for the only asset able to protect his wealth as the next phase unfolds.

And I know what it is. 

Buffett is likely about to buy gold - but not just the metal…

He’s about to buy a massive stake in one specific gold miner that posted one of their strongest quarters ever.

Producing $1.7 billion in cash flow, and over 1.5 million ounces of gold in Q2 alone. 

The company also announced plans to buy back $3 billion worth of stock, and it will maintain its $0.25/share dividend, which will return a total of $1 billion to shareholders by the end of 2025. 

I believe his position will show up in his November 15 13F filing.

And if I’m right… 

There will be a stampede of retail investors trying to follow him in.

That’s why I’ve put together a special gold intelligence dossier - revealing:

  • The exact miner I believe Buffett is targeting right now…

  • Four smaller miners with 100X upside potential thanks to what I call “The Golden Anomaly”...

  • A special bonus pick about to ramp up to full production… selling at an 83% discount to fair value… and led by a CEO whose last project turned $18 million into $1.2 billion for shareholders…

earn which company Buffett is likely to buy - and get details on my top four picks for the coming gold mania.

Garrett Goggin, CFA, CMT
Chief Analyst and Founder, Golden Portfolio

P.S.

**NOTE: The Buffett Indicator has never been wrong. Every time it flashes, gold outperforms. And this time, the gains could be truly historic.

Reference Number: 000122325764

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