The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
GOLD MINERS: THE 'TOURIST IS BUYING
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GOLD MINERS: THE 'TOURIST IS BUYING

Why they will likely beat the S&P 500 and maybe even gold itself!

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Kevin Muir
Apr 24, 2025
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The MacroTourist
The MacroTourist
GOLD MINERS: THE 'TOURIST IS BUYING
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You folks know where I’ve stood on gold for the past few years. I’ve repeatedly counseled investors to abandon the US dollar and real-interest-rate regression analysis and instead focus on one thing — the People’s Bank of China. When the West confiscated Russia’s foreign exchange reserves, it forever changed the equation. Gold stopped being correlated w…

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