This report from Coast Capital is a precursor to James Rasteh’s upcoming appearance on Real Vision Live on Jan 8, 2021 at 12PM ET. At a time of unprecedented monetary expansion and inevitable currency debasement, it is surprising to note that gold miners, despite their very high margins and cash flows, happen to trade at all-time low valuations and in many cases all-time low share prices. The investment case becomes even more compelling when one considers that the world is running out of gold reserves – which means that miners with attractive deposits become more valuable by the day. Indeed, Coast Capital believes that gold miners present the most attractive opportunity set for investors, whether they follow a macro, deep-value, event-driven, momentum, or specialist investment philosophy. The price of gold may go up or down, but small and mid-tier gold miners – with compelling reserves in safe jurisdictions – are well poised to deliver great returns for investors.