Crazy data shows wildly profitable gold miners are still on sale

By James Hickman – Schiff Sovereign

Gold is on an unbelievable tear, now resting above $3,900 per ounce. And the reason is simple.

Most foreign governments and central banks around the world have traditionally held the overwhelming majority of their strategic financial reserves in US dollars.

And that made sense. The US dollar has been the undisputed global reserve currency for more than 80 years, backed by unshakable confidence in America’s wealth and governance.