Karim Rahemtulla’s “#1 Gold Stock” – “Gold for Under $20 an Ounce”?

Karim Rahemtulla has an unusual investment opportunity.

It's a chance to invest in gold for under $20 an ounce with a “#1 Gold Stock“.

Karim calls it “the single greatest gold investment he's ever seen” and we're revealing what it is, right here, for free.

The Teaser

People will soon be running out to Costco to buy gold bars or coins.

Karim Rahemtulla has been involved in high-stakes stock trading for most of his life. In the 1980s he became one of the youngest CFOs on Wall Street, in the 90s he learned how to trade and built a multimillion-dollar portfolio. Today, he is semi-retired and makes a living from trading.

It's been a while since we covered a resource stock teaser like Digest Publishing's “Blue Water” Copper Stock or Alex Koyfman's Vanadium Battery Company, so this is a nice change of pace.

The reasons why a mad dash into gold is happening are painfully obvious.

First, over the past five years, the Fed has been on a money-printing spree as this chart illustrates:

If the USD wasn't the world's reserve currency, it may have already turned into confetti paper.

Ever since the Roman Emperor Diocletian debased Roman coinage to finance needless government spending in the late third and early fourth centuries, issuing progressively less valuable money has always caused rampant inflation everywhere it has been tried.

From Weimar, Germany in the early 1920s to Zimbabwe in 2017, it has always ended badly.

But somehow, it gets worse…

The U.S.Federal Debt to GDP Ratio was 34% in 1980. Today, it is over 122%.

However, this doesn't tell the whole story.

When you factor in unfunded obligations like Medicare and Social Security, the figure balloons to over $100 trillion. That means the real debt-to-GDP ratio is 350%!

But there is silver or gold lining, if you will.

When dollars drop in value, gold gains value.

It happened following the Diocletian era, when gold exploded by 40,000%, and it's happening again now, with gold up about 75% since 2020.

But what is the best way to play it?

The Pitch

Karim reveals his #1 gold stock in a special report he calls “The Ultimate Gold Play.”

We can get our hands on the report by trying out Karim's new, interactive trading research service, Catalysts Cash Outs Live.

The service costs $179 a year and comes with a 365-day money-back guarantee, two bonus reports on silver and gold royalties, respectively, a model portfolio, including all current recommendations, and an app to receive recommendations and timely analysis on the go.

The World’s Greatest Gold Investment

According to some, gold is no longer just an investment. It is a lifeline.

But in the era of plenty, what is the best way to invest in what government stooge John Maynard Keynes once called a “barbarous relic?”

The truth is that most gold miners do not outperform physical gold.

This is because just like governments, most miners dilute their currencies (their common stock) by issuing too many.

Perhaps the best example of this is the world’s largest gold mining company, Newmont (NYSE: NEM). For every share of NEM you buy, which costs around $40, you get exposure to under 0.25 ounces of gold.

The ratio is even worse for other prominent gold miners such as Barrick and AngloGold.

However, Karim says there is one exception.

It's a company he's calling “the single greatest mining stock in the history of the world“.

He deems it worthy of such high praise because it is different from all the gold miners mentioned above in one important way.

Instead of diluting its shares, it has tied its shares to the amount of gold reserves they have in the ground.

So for every share of this company’s stock you buy, it represents more than one ounce of gold reserves. Almost like some kind of private full-reserve bank.

Not only is it fully asset-backed, but when you add in all of their inferred gold reserves and additional gold based on geological sampling. The gold per share figure shoots to over 2 ounces a share.

Let's find out the name of this ultimate gold play…

Revealing Karim Rahemtulla's #1 Gold Stock

Karim discloses enough about his pick to give us a good picture of it:

• Since last year, this company has grown its gold resources by 1,075%, and it’s been careful to keep more gold in its reserves than shares outstanding.
• The company has just started construction on its flagship mine in a remote region of British Columbia, Canada.
• This same project also holds the third-largest copper reserves in the world.
• Its stock currently trades for under $20.

This sounds like Seabridge Gold Inc. (NYSE: SA). The clues stack up like gold bars in a bank vault.

• From 2003 through 2022, Seabridge grew its total gold resources by 997%. It's not in a single year like Karim states, but it's a start.
• Its proposed Kerr-Sulphurets-Mitchell (KSM) Project near Stewart, BC has technically started construction.
• The KSM Project is the world's largest undeveloped gold, copper, and silver project as measured by reserves and resources.
• Seabridge stock trades for around $14.

Make 10x The Return of Gold?

Over the past two decades, Seabridge stock has returned 8,385%.

That’s more than 10x the return of gold.

How likely is the gold gravy train to keep rolling?

First, at a market cap of $1.2 billion, Seabridge is a good risk/reward bet.

It has a combined 50 million ounces of gold reserves between its wholly-owned KSM and Courageous Lake projects, worth over $132 billion at today's gold prices.

But let's assume that not all of these will eventually be mined.

Seabridge also has another 19.6 billion pounds of permitted, measured, and indicated copper resources.

This kind of reserve-backing puts a floor on its share price.

Second, as gold prices continue to rise, driven largely by foreign central banks de-dollarizing. A major mining conglomerate could be tempted to form a joint venture with Seabridge or buy them out at a healthy premium to today's valuation.

The only real downside is that Seabridge is not currently producing. But its high gold-reserve-to-share ratio makes up for this.

Overall, I like Seabridge's downside protection, its upside, and management's mindfulness about optimizing resource ownership while limiting share dilution.

One of the best ways to multiply your money over the long term is by buying assets for less than they are intrinsically worth, and this is one of them.

Quick Recap & Conclusion

• Karim Rahemtulla is teasing a chance to invest in gold for under $20 an ounce with his “#1 Gold Stock.”
• He calls it “the single greatest gold investment he's ever seen” because, for every share of this company’s stock you buy, it represents more than one ounce of gold reserves.
• Karim reveals its name in a special report he calls “The Ultimate Gold Play.” The report is ours only if we try out his new, interactive trading research service, Catalysts Cash Outs Live for $179.
• Clues were dropped throughout the teaser, like gold nuggets, and we were able to unveil Karim's #1 Gold Stock for free as Seabridge Gold Inc. (NYSE: SA).
• Seabridge has more gold reserves per share than any other gold company, putting a floor under its share price. It also has a management team mindful of not diluting shareholders, which is rare for a miner. A rock-solid pick.

What is a fair price for Seabridge shares? Let us know what you think in the comments.