Presented by Golden Portfolio
World’s “most knowledgeable gold investor”
hands readers 1,200% gains… in just two years!
“I Told You So!”
The Next Phase Of This Gold Bull Market Is When Profitable Junior Miners Get Bought Out At Massive Premiums…
Here Are My Three Top Picks
For The Next Big Buyout!
Presented by Golden Portfolio
World’s “most knowledgeable gold investor”
hands readers 1,200% gains… in just two years!
“I Told You So!”
The Next Phase Of This Gold Bull Market Is When Profitable Junior Miners Get Bought Out At Massive Premiums…
Here Are My Three Top Picks
For The Next Big Buyout!
Dear Reader,
If you took $10,000 in early 2024 – and put it all in a single research portfolio of the small gold-mining companies I cover...
Your $10K would now be worth approximately $131,000 – a 1,200% gain in just two years.
That works out to an annual return of 216% per year… Compounded.
To put that in context...
The S&P 500's best decade ever returned about 17% per year.
The Nasdaq reached 28% at its peak during the dot-com bubble.
And Warren Buffett's best two-year stretch at Berkshire Hathaway, going back 60 years of public records, was 45% per year.
In other words…
My record is now more than 12X the S&P… 7X the Nasdaq mania… and almost 5X Warren Buffett at his sharpest.
I’m not telling you that to brag…
I want you to know how much money you could potentially make when you get in early on a massive bull market in gold.
So, before I show you where gold is headed next, let me just address your #1 concern right up front:
No...
You haven't missed out on the chance to get rich from this historic gold bull market.
In fact…
The current pullback is giving you one last shot to load up on the best miners before the next leg up begins.
Better yet…
We are at the beginning of the middle – the most exciting and profitable phase of this gold bull run – with years of game-changing profits still to come.
The gains over the next two years will surpass those of the last two for one simple reason:
Acquisitions.
We are in the part of the cycle when the major gold miners buy out the best junior miners and developers – at huge premiums.
If you want proof…
One quarter of my portfolio has already been bought out – handing early investors gains of:
71%... 107%... 166%... 181%... 276%... 740%... and even 1,228%.
In just the last two years!
Best of all…
This acquisition wave has barely started.
The real buying frenzy – where early investors in the best junior mining assets wake up to overnight gains between 40% and 80%...
Is still ahead of us – and it’s coming, because…
Even with the recent pullback in gold, gold miners have never been this profitable…
Major gold miners like Barrick, Agnico and Newmont have never had this much cash. Ever.
Which is why they are about to go on a buying spree for the record books. They have to…
Because the multi-billion-dollar majors have a big problem…
I’ll show you what it is in my research below – and prove to you why now is the moment when you can’t afford NOT to own the best junior miners.
Why?
Because when the best-in-class mining assets get acquired by a major gold miner, investors typically collect overnight buyout premiums like 40%… 67%... and even 79%...
And that’s on top of capital gains like 115%… 515%… 1,307%… and even 2,050% – and those numbers are all in just the last two years!
More importantly to you…
I know which companies are at the top of the shopping list as gold majors look to acquire the most profitable junior mining assets.
Best of all…
The top three buyout targets in the gold investing universe are still trading at discounts as deep as 90% or more. Read on for details...
The biggest gold miners on earth have never been more profitable... never held more cash... and never seen a setup like this one.
Look at this math…
In the first quarter of 2026, the average price of gold was $4,873 an ounce.
The all-in cost to dig that ounce out of the ground – across the entire gold mining industry – was $1,744.
If you sell it at $4,873 – and produce it for $1,744...
That’s a gross profit of $3,129 per ounce – a margin of 64%.
And get this…
The biggest gold miners – the ones with the lowest-cost mines, and the most disciplined balance sheets – had margins closer to 75%.
Today, gold miners rival the highest-margin sectors in the investing universe. Things like:
Semiconductors… bank stocks… tobacco… telecoms… Big Tech... energy... and luxury goods...
No other sector in the global economy is outperforming gold miners.
In Q2 of 2025, gold major Newmont generated $1.7 billion in cash flow – in a single quarter.
Newmont made so much money last year ($7 billion in profit), they actually returned $3 billion to shareholders in dividends and buybacks.
That’s unprecedented. If you were a shareholder, it was like getting free money.
The top four gold majors generated $18 billion of free cash flow in a single year – a record for every one of them.
So, when I tell you these gold majors are cashed-up and coming to buy out the tiny, profitable junior miners…
I mean it’s happening – right now.
On August 27, 2025, I wrote:
"Right now, I fully expect we'll continue to see some of our holdings acquired by larger companies. Acquisitions are a bullish indicator… a good sign of what's to come."
Seven months later, the acquisition wave kicked into a higher gear.
On April 9, 2026, G Mining Ventures announced it was buying G2 Goldfields in a $2.1 billion deal. G2 popped 79% in a single trading session.
Imagine waking up to a 79% overnight gain.
Eleven days later, Agnico Eagle announced it was buying Rupert Resources for $2.87 billion.
That’s a 67% premium to Rupert's trading price the day before.
Imagine waking up to a 67% overnight gain.
That is what an acquisition cycle looks like. It’s when gold majors start writing cheques for junior miners – and they aren’t stingy.
The only trick to collecting gains like this in the acquisition phase of a gold bull market is…
You have to know which picks are legitimate buyout targets – and which miners are designed to fleece unwary investors.
The table below shows a list of my picks that have already been bought out – fully one quarter of my portfolio… handing readers juicy overnight gains.
That’s why you need to own the best junior miners and developers…
Because the big boys are coming to buy out the best juniors. In addition to gold bull market gains like 115%… 515%… 1,307%… and even 2,050%.…
When a junior developer gets bought out, you can wake up to an overnight premium between 40% and 80%.
The premium investors collect when a small miner or developer gets bought out…
Is free money.
One day, your shares were worth X and suddenly – thanks to the buyout – they are worth X + 40% to 80%... or more.
And that’s not all…
There’s an even bigger reason you need to own the best junior miners and developers right now…
It’s something I call the “Golden Anomaly” – a rare price discrepancy that only appears in the early innings of multi-year gold bull markets.
The Golden Anomaly is how you buy $1 worth of gold for just .36 cents… which is what’s still possible today.
The bigger the Anomaly, the more likely a small operation is to get bought out. Not surprisingly…
The top three buy-out targets for the next phase of this bull market in gold are also among my top Golden Anomaly picks. The details are below.
And best of all…
The current pullback in gold is giving you a chance to load up on Golden Anomaly miners at prices we haven’t seen since this bull market started.
So, before I go any further, please allow me to introduce myself…
My name is Garrett Goggin. I don’t study the gold market the way other so-called gold analysts do.
That’s why my readers are sitting on gains of 1,200% in just the last two years...
It’s also why Porter Stansberry, author of the End of America documentary that broke the internet back in 2011 and founder of the world’s largest independent financial research company for individual investors, recently called me:
"THE most knowledgeable gold investor in the world. If you want to maintain your standard of living… you have GOT to be allocated to gold. And there's nobody better in the entire world to explain exactly how to do that [than Garrett]."
Most “gold analysts” fundamentally misunderstand gold’s role in the financial system.
Gold is not another financial asset.
It’s the world’s premier form of money. So while it might look similar to stocks, bonds or real estate…
Gold is not an investment. Not really.
It’s a vehicle for preserving your wealth through turbulent times. More importantly to you…
There comes a time in the credit cycle when you simply cannot own enough gold.
That time is right now – because a monetary reset is already underway.
Central Banks are stacking gold at the fastest pace on record – for four years running.
And their accumulation continues accelerating…
They bought 7% more gold in Q1 2026 than the five-year average.
So, why should you care?
Because Central Bankers are the ultimate financial insiders.
Central bank buying is putting a floor underneath the gold price. If it drops, central bankers will come in and buy more. Why?
Because they know what’s happening to the fiat monetary system… and what’s coming next.
And what’s coming next?
Gold is returning to the monetary system and its historical role as the ultimate monetary asset – a role it hasn’t played in over 50+ years.
If you don’t own enough gold through the reset, your wealth will suffer.
If you do own enough gold – and own it the right way – you put yourself and your family’s wealth on the right side of the reset and come out ahead.
It really is that simple.
So, before I show you my top three buyout picks…
Let’s return to the problem gold majors are facing… how they will solve it… and why a massive wave of acquisitions is now imminent…
How Acquisitions Could Make
You Rich in a Bull Market
A gold mine is a wasting asset.
Every ounce a miner pulls out of the ground makes that mine worth a little less as the reserve shrinks – and the mine-life shortens.
The problem is…
Gold majors haven’t spent nearly enough money acquiring the next big projects. Their total production is nearing dangerously low levels.
The chart below shows Barrick – the second-largest miner in the world – dropping from two million ounces of production…
Down to just 719,000 ounces today. For a huge mining company like Barrick, that’s like running on fumes.
Gold majors like Barrick have a big problem… Declining production means they need to acquire small miners – usually at huge premiums.
And it’s not just Barrick…
After paying $15 billion for Newcrest in 2023 – the biggest gold acquisition in modern history…
Newmont's quarterly production today is essentially flat compared to a decade ago.
In other words…
The biggest gold miner on earth bought the second-biggest gold miner on earth – and after the dust settled…
Production is right back where it started.
That’s the nature of mining – where every ounce of gold you pull out of the ground makes your asset worth a little less every single day.
Large mining operations are like sharks… they must swim forward – by constantly investing in future production – or die and go out of business.
So, how will they ramp up and get back to full production? Simple:
They’ll go buy the most productive assets – like the top three takeover targets I detail below.
Cashed-up gold majors like Newmont, Barrick and Agnico HAVE to go out and spend whatever it takes to buy the best small mining operations…
They have no choice…
They either go spend serious money buying out the most productive mining assets…
Or they go out of business.
And they need to act soon.
In fact, the current pullback in gold gives them the best window they’ve had during this bull market to gobble up my top three takeover targets.
Which means…
Investors who position early could capture huge buyout premiums on gold stocks already up 115%… 515%… 1,307%… and even 2,050% in just over two years.
Now, let me show you where we are in the ongoing gold bull market, including…
How to Know When
The Bull Market Will End
In a regular gold bull market, you get easily recognizable stages…
First, the majors move... then the juniors play catch-up...
Then comes the acquisitions phase – when cashed-up majors buy smaller operations and hand early investors overnight premiums as high as 79% – and more.
That's where we are now. Majors need to go shopping and the wave of acquisitions hasn’t even hit its stride yet.
Then comes the tipping point – the event that tells you the acquisition phase is coming to an end…
You’ll know the acquisitions phase is ending when an enthusiastic CEO overpays for a decent asset – at a sky-high valuation.
For example:
The last time this happened was in 2010.
The big loser was Tye Burt, CEO of Kinross Gold – who paid $7.1 billion for Redback… right before gold dropped 30%.
In 2012, Mr. Burt was invited to pursue other employment opportunities…
And in 2016, Kinross’s bonds were downgraded to junk status.
The company lost an entire decade repairing its balance sheet.
That’s what the end of the acquisitions phase looks like in a gold bull market.
We are nowhere near that point because the biggest miners have barely begun acquiring the best buyout targets (which I’ll show you below).
On the contrary…
For the last 10+ years…
Gold majors like Newmont, Barrick, Agnico and Kinross have been divesting themselves of non-productive assets.
In other words, not only has the acquisition phase barely begun…
The biggest gold companies have spent ten years doing the opposite of shopping. Instead…
They’ve been dumping unproductive assets to repair damage to their balance sheets caused by overspending during the last bull market.
The problem is…
Balance sheet repair for a gold major always comes at the cost of future growth.
Fortunately for them (and for you)...
Their balance sheets are now as pristine as they’ve ever been.
Gold majors have never been as well-positioned to buy up top-tier assets as they are now.
Bottom line:
The math makes the coming wave of acquisitions inevitable.
The majors have the cash... they have the margins... and they cannot grow production organically.
So they will buy junior miners and developers – paying fat premiums that could hand savvy investors overnight returns of between 40% and 80%.
And that’s on top of 10X… 20X… even 50X price appreciation that comes with a decade-long gold bull market.
There will be buyouts worth billions – probably tens of billions – of dollars before this cycle peaks… and the biggest buyouts are still to come.
All you have to do is load up on the best junior miners and developers... sit tight... and get paid to wait while you go on the ride of your investing life.
Now, before I reveal my top three buyout targets and my Golden Anomaly portfolio that’s already returned 1,200% in the last two years…
I need to address the current pullback and why this kind of volatility is your friend during a long-term bull market.
The Current Pullback…
Is a Gift
In September 2022, gold was $1,685 an ounce. Since then, it tripled – rising more 231% to $5,580 in January 2026.
As I write this briefing, gold has pulled back to $4,000 – down roughly 28% from its high.
Here’s what I want you to focus on:
Gold first surpassed $4,000 in October, 2025. In other words, it’s back to a level it hit roughly one year ago.
If you understand the slow-moving nature of a decade-long bull market, you also know this pullback is NOT the end… It’s a gift.
It’s the kind of opportunity my readers despaired of seeing again. Now, it’s here. Don’t waste it.
Use it to accumulate shares of the best Golden Anomaly picks and my top three buyout targets. Because gold still has years to run…
Now, let me show you why…
Buffett’s Favorite Metric
Says Gold Will Run For
A Decade or More
One metric has shown investors the best time to own gold – with a track record of 100% accuracy.
It also happens to be Warren Buffett’s single favorite metric.
He once called it, “probably the best single measure of where valuations stand at any given moment.”
Most investors today simply refer to it as The Buffett Indicator.
The Buffett indicator is simple – because it measures one thing:
How far stock prices have risen above the real economy that's supposed to support them.
When it rises past 120%, stocks are overvalued. You should start selling and go to cash.
Anything over 140% is bubble territory. Watch out. And according to Buffett…
“If the ratio approaches 200%...
You are playing with fire.”
By the 1929 crash, the gap between stocks and GDP was so wide, it took 25 years (until 1954) for the market to recover to its pre-crash level.
If the Buffett Indicator had existed in 1929, it would have told you to sell overvalued stocks before the crash.
Then, in 1969, the Indicator reached such a peak that Buffett actually closed down his fund.
He simply couldn’t find anything to buy that wasn’t dangerously overvalued.
In 2000, when it hit an all-time high of 140%, it would have warned you to sell tech stocks before the dot-com disaster.
So, what’s it saying today?
Today, Buffett’s favorite metric is sitting at 235%, the highest it's ever been.
That’s 2.2 standard deviations above normal. If you’re not a math geek like me, you don’t realize what that means. In plain English…
It’s dangerously unsustainable.
Nothing stays that far out of whack for long. Sooner or later, something comes that knocks it back into whack. Don’t worry about the timing.
No one can predict the exact date.
But better a year too early than one minute too late.
So, here’s a little investing advice based on history – and please don’t overthink it...
The signs of a financial reckoning are closer and harder to ignore than ever. Consider this:
On June 12, SpaceX IPOed at a valuation of $1.75 trillion.
That’s a 94X trailing price-to-sales ratio after reporting a net loss of $4.9 billion for 2025.
If you’re wondering how that makes any sense… it doesn’t.
Financial shenanigans like this, where companies IPO to dump shares of an unprofitable business on unwary investors…
Are identical to what happened before the dotcom bust.
In March 2000, the NASDAQ began its reckoning – falling 78% from peak to trough. Why?
Too many unprofitable companies were priced at valuations that didn’t make any sense based on their actual revenue/profits.
One quote sums up the entire NASDAQ mania – and it still applies today:
CEO Scott McNealy actually scolded investors for buying his stock at a 10X valuation after Sun Microsystems fell 90%:
"At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends… zero cost of goods sold… zero expenses… I pay no taxes… zero R&D for the next 10 years… Do you realize how ridiculous those basic assumptions are?… What were you thinking?"
Today, 51% of the S&P 500 – by market value – trades at 10X sales or greater.
McNealy called a 10X multiple insane.
SpaceX IPO'd at 94X… a bar almost ten times higher – on a company that’s losing money.
At 94X sales, SpaceX investors have to wait 94 years to recoup their money – and that’s only if SpaceX:
But even that impossible scenario is too rosy – because the company lost $4.9 billion in 2025!
How does a company losing $4.9 billion a year make money for investors?
It can’t.
Who the heck is going to wait around 94 years to find out?
No one.
And the SpaceX IPO isn’t some one-off, isolated case…
OpenAI, the company that brought us ChatGPT, is currently valued at roughly $852 billion.
If it IPOs this year, it too will be valued at nearly $1 trillion on day one. Trouble is…
The company is on track to lose a reported $15 billion to $25 billion this year alone.
It has never made a profit.
By its own internal projections, it won’t turn a profit until 2030 – at the earliest.
I could go on… but you get the point.
The Buffett Indicator matters – not because it tells you stocks are overvalued. Anyone can figure that out.
The real value of the Buffett Indicator is that when it hits absurd levels (like today)...
It’s always a prelude to a decade-long bull market in gold… Every. Single. Time.
In other words…
The Buffett Indicator has a 100% accurate track record for predicting when it’s time to sell growth stocks – and buy gold. Look…
In the 1930s, Homestake Mining rose nearly 6X and paid hundreds in dividends – while stocks lost 90%.
In the 1970s, gold ran 24X – while stocks languished and went nowhere.
In the early 2000s, after the dotcom bust, stocks took years to recover. Meanwhile, gold went from $250 to $1,920 over ten years.
The point is…
Gold may have risen as much as 231% since 2022 – but we still haven’t seen any rotation out of tech.
And the rotation out of overpriced AI tech stocks – when it finally happens – will be the most consequential financial event of our era…
Orders of magnitude greater than the boom-and-bust of the dot-com era.
That’s when the bull market in gold will enter its most manic (and profitable) phase.
Everyone will want gold because it will be the only asset left holding value against the declining value of fiat currencies.
Do NOT miss that moment because it could change your financial destiny and your family’s future.
Now, you could simply buy and hold physical bullion through this coming monetary shift – and that’s not a bad move.
Everyone should own a little gold bullion within easy reach in case the ATMs go dark. But the fact is…
Holding too much physical gold is a security liability… and it’s expensive to store somewhere safely.
That’s why I do not recommend running out and buying physical gold at today’s prices.
Instead, I want to tell you about a better way to own gold.
"Golden Anomaly" Miners:
The 10% Making All the Profits
With gold selling at roughly $4,200 an ounce as we go to print…
I do not recommend buying physical gold at today’s price.
Because a certain class of gold miner…
Is still dirt-cheap.
Look at this chart:
The falling orange line shows retail investors selling shares in the most popular gold-mining ETF – even as gold hit all-time highs.
That means investors are less interested in these investments now than they were in 2023 – even though gold has more than doubled since then.
That makes no sense. Unless you understand what's really happening…
Even at $4,000 gold, the best companies are raking in record profits – their cash flows have doubled, tripled, even quadrupled since 2024.
But their share prices are acting like gold is still selling for $1,800 an ounce.
They're priced for gold's old reality. Not the current reality of $4,000+ gold…
This disconnect is driving the "Golden Anomaly" I mentioned above.
Look at this:
The gap between those two lines is how you get rich in a gold bull market.
That gap shows the difference between the value of a miner's free cash flow (i.e., the gold value over the life of the mine – also called Net Asset Value or just NAV)…
And it's current market cap (or share price).
Theoretically, those two should be the same. But in the early stages of a bull mania…
They're not even close.
When I first released my top four Golden Anomaly picks back in 2023…
They were selling at discounts as deep as 98%.
Today, those same picks are up 115%… 515%… 1,307%… and 2,050%.
So, did you miss the boat?
In a word…
No – and here's why:
In early 2024, this Golden Anomaly pick was selling at a discount of 91% to the value of its free cash flow – like buying dollars for nine cents each.
Since then, the share price has been up as much as 574% – a five-bagger+ in under two years. Not bad – but here's the takeaway:
Today, that same stock is still selling at an Anomaly Profit discount of 62%!
How's that possible? How can a tiny stock see a 574% gain and still be so undervalued? Simple:
The free cash flow generated by mining gold rose by as much as 179% over the same period, while mining costs remained steady.
That's what makes "Golden Anomaly" miners different from typical gold stocks.
The sad truth about most gold mining stocks is that 90% of them make no profits – and never will… no matter how high gold goes.
But the 10% that do… the "Golden Anomaly" miners…
Could hand you a generational fortune when investors catch "gold fever." It's coming.
Golden Anomaly miners are the leanest operations… with the highest grade ore… run by the best management teams… priced at the deepest discounts in the mining world.
That's why Golden Anomaly miners like the one above are absolutely coining profits at today's gold price.
And it's the same for all my top four picks.
Even though my top four picks are up between 115% and 2,050%…
They're STILL selling at an average discount of 64% to the value of their assets. That means you can still buy dollars for just .36 cents each.
Which is why I urge you to act quickly…
Because the biggest gains in Golden Anomaly miners will go to investors who get in at the deepest discount – before the Anomaly Profit gap closes.
So, while I'm delighted my longtime readers are already sitting on a total gain of 1,200% since January 2024.
That's 15X more than the NASDAQ's puny 75% gain…
The biggest profits are still to come because the Anomaly Profit gap has barely even begun to close.
When it does, it could hand you game-changing wealth.
Do not miss that moment – and don't wait.
Because this situation can't last much longer.
Despite its recent pullback, gold is still gaining momentum. Every day, more signs appear that trust is eroding in the old US dollar system.
With more than $340 trillion in worldwide debt, the whole world is turning to gold.
Meanwhile, spending in Washington is actually increasing – instead of coming under control.
That's why you need gold.
It's not optional. Gold isn't like other assets.
There comes a moment in the historical cycle when gold is the one thing you cannot do without.
Declining trust in the dollar system isn't just driving gold higher…
It's making Golden Anomaly miners the most undervalued assets on earth.
But this window of opportunity won't last.
Already, major mining companies – the big ones, the ones with billions in cash – can see this anomaly too… and they're acting on it.
The wave of mergers and acquisitions is accelerating – with majors buying junior miners at 40% to 80% premiums above their market prices.
One of my top four picks was just acquired – and the share price popped 79% in a single trading session.
My other top three picks are also buyout targets for gold majors looking to secure future production.
It’s a pretty safe bet my remaining top three picks will be bought out before this cycle is over.
All you have to do is own shares of these top Golden Anomaly picks before the crowd catches on… and before they get acquired.
Because when a tiny miner gets acquired, the stock doesn't drift higher… it reprices instantly.
That’s how I've helped my readers capture gains of 115%… 515%… 1,307%… and 2,050% in the last two years!
There's no other asset that can protect and grow your wealth through the coming shift in the global order than gold… and no better way to own gold than these Golden Anomaly picks.
The current bull market in gold is the last you will ever see in our lifetime, because only gold can re-stabilize trust in fiat money.
By the time this gold bull is finished, gold will once again be the keystone of the global financial and monetary systems.
The good news is…
This is also the last bull market you will ever need if you play your cards right. Because you can still buy $1 worth of gold for about .36 cents.
So, without further ado… let me show you details on my top four Golden Anomaly picks.
How To Find The Miners
Making All The Profits
When researching my top picks, I fundamentally look for three things…
Criteria #1:
Ore Grades
A rising gold price will always drive up the value of miners with the highest ore grades. Grade is everything.
But in a gold bull market, the right miners with the highest grades crush all the others. Plus…
In an inflationary world, only miners with high grades stand to make any real profits.
That’s why grade is king - and why I start my search by looking at ore-grade.
So, how do my top four picks stack up?
Pick #1 has ore grades as high as 74 g/t (grams per tonne). That’s one of the highest in history.
It currently owns the 6th-ranked trophy asset in the world.
Pick #2 has grades up to 13.2 g/t - 13X better than average.
They also have one million ounces in an open-pit mine of ore that’s 2.1 g/t and 90% recoverable.
Pick #3 has a deposit of 5 million ounces near the surface - making it one of the largest, lowest cost deposits in the world.
They don’t need expensive equipment to crush tons of rock. They throw the ore onto a “leach pad” and extract the gold – as easy as mining gets.
Pick #4 has an asset with nearly 4 million ounces at grades as high as 13 g/t - high enough to put it among the top 10 richest in history.
Criteria #2:
Stage of Production
Delays and cost overruns for miners are simply part of a day’s work. That’s why…
I want a company entering the “sweet spot” - where financing and permitting are done… the project is “de-risked”... and the only thing left to do is ramp up production.
My Top Four are already in - or just entering - the sweet spot.
Criteria #3:
The “Anomaly
Profit Variable”
This variable is the reason I wrote to you…
It’s how you make anomaly-sized profits from the best gold miners.
Anyone positioned in the best miners could potentially make $1 million over the next five years.
How can I be so confident?
Because we know gold isn’t going to stop coming to market.
Someone will have to mine it profitably.
So, my top four picks all have to meet one last criterion - with no exceptions.
That metric is FCF – or free cash flow.
Here’s where the Golden Anomaly gets exciting.
This chart shows the only gap that matters if you want to make a fortune on gold miners.
The value of any gold mining stock comes from the profits it produces – what’s known as Free Cash Flow or just FCF.
You cannot fake FCF.
FCF is all I need to know to screen out the loser companies… see which mines are making profits today… and which will keep making profits for years to come.
I couldn’t care less about gold ETFs barely outperforming the gold price.
I want a miner positioned for Anomaly Profits.
So, I look at the sum of all the FCF profits over the life of the mine.
The FCF the mine produces over its life span is called Net Asset Value – or NAV.
The light gold line above shows the Net Asset Value – the total FCF for the life of the mine.
Then I compare it to the current value of outstanding shares.
The dark gold line is the current market cap.
Those two lines should be close together.
But every so often, you can get wild anomalies between the cash value of the mine over its life span and the total value of all shares outstanding.
The gap between those two lines is the “Anomaly Profit Variable.”
This Anomaly Profit Variable is the same metric I used to identify Newmarket Gold and SilverCrest Metals – which returned 2,200% and 8,358% respectively for my readers.
This is the only gap I care about. I want to profit from the biggest anomaly I can find among the 10% of profitable miners.
For example:
In early 2025, Newmont Mining was trading at a 48% discount to fair value based on FCF – the cheapest it's been in over a decade.
That means you had the opportunity to buy $1 of FCF profits for $0.48 cents.
Just like I predicted, they reported blow-out numbers for Q1 2025… and Q2… and again in Q3. Right on schedule…
Newmont shares nearly tripled to $134.
This is the usual first stage of a gold bull market – the biggest, most profitable miners post blowout earnings.
Now, let me be perfectly clear…
This is not a recommendation to buy Newmont.
Investors holding Newmont may still do okay…
But Newmont was worth $130 billion in market cap at its peak in 2025…
It's not going up 100X from here – or even 5X.
It's the smaller gold miners – like my top four – that could hand you a game-changing return.
The kind where a small stake of $1,000 could potentially turn into a profit of $100K or more. It's happened before – and it's going to happen again.
Better still, sometimes the market cap closes the gap with NAV…
And then overshoots it.
That's where anomaly profits can get truly absurd.
It's the kind of thing that could have turned your $1,000 stake into $83,000.
That's what happened when the anomaly between Silvercrest's market cap closed the gap with Net Asset Value.
The value of Silvercrest’s FCF was nearly $600 million when the market cap was still around $100 million.
That’s an Anomaly Profit Variable of 6X.
Put another way, it was like buying gold at an 84% discount.
Then look at what happened…
The share price surpassed the cash value of its assets - overshooting and delivering one of the biggest wins in mining history.
If you caught Silvercrest before it took off, you could have seen a return of 83X your money.
That kind of move turns $2,000 into $166,000… and a $5,000 stake into $430,000 – more than enough to change your life and your family’s future.
This same situation exists for each of my Top Four picks.
Right now, my top four are trading for discounts as high as 82%.
Which means you can buy these companies for just .18 cents on the dollar.
The "Golden Anomaly" only appears in the 10% of miners making all the profits.
The sad fact is, 90% of miners don’t make any profit – and never will – no matter how high the gold price goes.
Their costs to ramp up production are too high… their ore-grades are too low… and there’s no gap between their NAV and current share price.
But "Golden Anomaly" miners are subject to huge “anomaly profits.”
So, here are the “Anomaly Profit Variables” for each of my Top Four picks:
Pick #1
Pick #1 has a market cap of around $1.1 billion – but it’s Net Asset Value is around $3.3 billion.
This pick is already up 40% in 2026 - despite gold's pullback.
It’s like buying gold at $1,584/oz – a 66% discount.
That’s a "Golden Anomaly" Profit Variable of 3X.
Pick #2
Pick #2 has a market cap of around $89 million.
With a net asset value of $1.5 billion…
It’s like buying gold at $288/oz – a staggering 94% discount!
That’s an Anomaly Profit Variable of 16.6X.
Pick #3
Pick #3 is in the top one of the largest, most economical deposits in the world today – a massive five-million-ounce deposit.
The CEO’s last mining project turned an $18 million investment into a $1.2 billion win for investors – a return of more than 66X.
This current project is almost identical – a heap leach operation that requires minimal investment and no expensive rock-crushing equipment.
Its current market cap is $1.1 billion.
But its Net Asset Value is $3 billion.
It’s like buying gold for just $1,824/oz – a 62% discount.
That’s an Anomaly Profit Variable of 2.6X.
Pick #4
Pick #4 is 20% owned by the most successful family in the mining business.
Its biggest trophy asset is “derisked” – meaning all capital has been raised and permitting is complete.
Best of all, it’s in a region with the shortest timeline between discovery and production.
Gold gets mined here up to 40% faster than the average.
Pick #4 has a market cap of around $4.3 billion – with a Net Asset Value over $6.7 billion.
It’s in the sweet spot… is already up 61% in 2026 – and 2,050% since I recommended it – which is a great sign.
Profitable mines typically produce outsized gains for years. This one is already a huge winner.
It’s like buying gold at $3,168/oz - a 34% discount.
That’s an Anomaly Profit Variable of 1.5X.
All It Takes Is A Small Stake
To Make A Potential Fortune
My top four picks are simply the best-run companies with the best management teams, the most gold, and the biggest operating profits in the lowest-risk jurisdictions on Earth.
All four are already in production – or just entering the “sweet spot” ramping up to production.
Each one is already profiting as the "Golden Anomaly" unwinds and disappears.
Each has 100-bagger potential.
These are the best of the best.
If you place a small stake in each of these Top Four picks… and I'm right about what's coming as the acquisition phase heats up… and the public catches gold fever…
You could potentially take $10,000 and turn it into $1,000,000 – or more.
Here’s How You Can Get My Top Four
Picks for the Coming Gold Mania
You can get the name and ticker - along with all the details on my Top Four picks – inside the Golden Portfolio IV… or just GPIV for short.
This is the same info I normally sell to hedge funds and other institutional clients - written in easily understandable language with actionable steps you can take today.
All of them can be bought through any major broker.
Best of all, you don’t need much money to potentially see game-changing returns.
Just a $1,000 stake could be enough to change your financial life.
Plus, I’m even throwing in a BONUS pick as a special thanks.
BONUS Pick #5
As a special bonus, I want to give you the name and ticker of a gold company that isn’t a miner at all.
They don’t dig in the dirt… own no equipment… and take on no expense or risk.
But they get to collect anyway.
Pick #5 is my current Top Rated Gold Royalty.
Royalty companies are the venture financing arm for miners.
Best of all, they only pay once to help a miner build out a project – and then...
Collect royalties – paid in gold – for the life of the mine.
It’s the greatest business model on earth.
Just one trophy asset can vault a small royalty company to legendary status.
Franco Nevada invented the gold royalty business almost by accident.
Pierre Lassonde of Franco-Nevada wrote a check for his last $2 million for a royalty stream on the GoldStrike mine.
The rest is mining legend. Pierre’s $2 million returned $1.2 billion.
That’s an anomaly of 600X!
Bonus Gold Royalty Pick #5 is up as much as 139% so far this year… and just closed a merger with another hugely profitable royalty company.
And get this…
They spent $200K for a tiny piece of one of the largest copper mines in the world. So far, that tiny stake has returned over $17 million.
That's an Anomaly Profit Variable of 85X – and they're getting $10 million more per year for the next 30 years!
This could be one of my best picks ever – especially because…
It's also about to list on the NYSE – which means millions more dollars could flood into this undervalued gold royalty pick.
And that's still not all…
The "Everything Exchange" is open 24/7 and has no custodial risk. It's pure peer-to-peer transactions. This is not some risky, obscure crypto-coin. It’s a real company you can buy through any brokerage account from Schwab to Fidelity…
Here’s Everything You
Get With My GPIV Top Four
In addition to my GPIV Top Four… and your Bonus Gold Royalty Pick #5… and your Special Report...
You’ll also get my Starter Guide: Why Golden Portfolio IV Is Your Ultimate Gold Investment.
If you’re new to gold investing, relax.
This starter guide shows you:
Each quarter, you’ll get a detailed, written report on the GPIV Top Four - including your bonus 5th pick.
That's four GPIV Issues annually.
Plus, Members' Only Access to the GPIV Live Model Portfolio...
Plus, access to GPIV Live Fundamentals – showing you real-time data as this story unfolds…
Plus your bonus gold royalty pick #5…
And your Special Bonus Report: The “Everything Exchange.”
Anyone with a few thousand dollars to invest… who understands gold's role in the monetary system… and how banking and payment systems are about to change…
Has a good shot at making $100,000 to $1,000,000 – or more – in the coming decade… even if you don't have a lot of money to invest.
How Much Does It
Cost To Join GPIV?
Hedge Fund quality research and analysis doesn't come cheap.
I've been offered as much as $100,000 for my work.
And considering my past readers have already seen a chance to turn $1,000 into $83K…
$10,000 into $830K…
Or $20,000 into $1.6 million…
Those aren’t made-up gains. They’re audited by a third party… look:
When you consider I’m the only newsletter publisher I know who actually audits his performance – and publishes the results for all to see...
I think it’s fair to say…
I should charge at least $2,000 – which is the going rate for a financial newsletter like mine.
But GPIV doesn't cost $100,000 – or even $2,000.
I want you to have my GPIV today for just $189.
There's a fortune to be made in gold as this cycle of history ends and a new monetary system rolls out.
I want you to get some.
The Golden Anomaly is already closing.
My five GPIV picks offer more upside than any other companies in the gold mining world.
Just a small stake of $1,000 in each could be enough to change your financial future.
If the whole group returns just 25 to 1, that means a $4,000 investment could hand you a nice $100,000.
Invest $10,000 and you could be sitting on $250K – enough to change your family's future.
Invest $50K in the best miners, and even a modest 10X move in my Top Four could hand you enough to buy a second house or a boat.
While a 100X winner would let you buy both – and anything else you want.
The GPIV gives you everything you need to take a small pile of money and turn it into a big one during the coming gold mania and gold's revaluation.
30-Day Golden Guarantee
I’ll see you on the inside.
Garrett Goggin CFA, CMT,
Chief Analyst and Found of Golden Portfolio
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