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Jesse Colombo: Why gold's bull market is still young
By Jesse Colombo
TheBubbleBubble.Substack.com
Sunday, November 9, 2025
I'm a fan of finding and using unique ways to value assets to determine whether they are cheap or not. In the case of precious metals and other commodities, this isn't as straightforward as it is with assets like stocks, bonds, or real estate, where you can use simple metrics such as price-to-earnings or price-to-book value ratios.
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Alaska Silver Announces High-Grade Discovery Zone: Silver Sage
Company Announcement
Monday, November 3, 2025
Alaska Silver Corp. (TSXV: WAM, OTCQX: WAMFF) announces the discovery of a high-grade mineralized zone, named Silver Sage, on its 100% owned Illinois Creek Carbonate Replacement Deposit project in western Alaska.
The Silver Sage zone represents a significant exploration breakthrough, located 4.8 kilometers south of the Waterpump Creek resource. The discovery has been confirmed through surface trenching, pit sampling, and initial drilling. Drill hole results will be discussed when assay results are received and reviewed.
Discovery highlights:
A new high-grade zone identified. Early work confirms Silver Sage as a promising mineralized system with near-surface samples running:
-- 1,235 g/t silver (Ag) with 65% lead (Pb); and 1,135 g/t Ag with 73% Pb. ...
... For the remainder of the announcement:
This means we need to get creative and make comparisons to other important assets or economic data. The absolute price of an asset does not determine whether it is overvalued or undervalued.
For example, there have been times, like in 1980, when gold at $800 was very expensive, and other times, such as in 2020, when gold at $1,600 was a bargain.
That's why it helps to compare precious metals to meaningful yardsticks.
In this report I'm going to share five specific yardsticks: U.S. dollars, U.S. inflation, M2 money supply, the Dow, and the national debt, and use them to make the case that gold's current bull market is still very young, relative to the last secular bull markets in the 1970s and 2000s, and has many more years ahead of it. ...
... For the remainder of the analysis:
https://thebubblebubble.substack.com/p/why-golds-bull-market-is-still-young
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