Golden Portfolio IV Strategy Breakdown: What Garrett Goggin Invests In and Why

Golden Portfolio IV offers a unique avenue to the usual “buy gold and wait” idea. 

Inside the service, Garrett Goggin is looking for a specific type of gold company: one with real assets, strong economics, high-grade ore, and a stock price that may not reflect the value of the gold it controls.

While that sounds great on paper, I wanted to flesh out the the real potential here and see how well it actually holds up under pressure. 

Here’s my clear breakdown of the Golden Portfolio IV strategy.

The Big Idea Behind the Golden Portfolio IV Strategy

Using gold as a stable asset against market turmoil is in no way a new concept, but global geopolitical events in our current climate seem to have things less stable than ever.

Garrett’s fear is that the dollar’s long-running advantage is starting to weaken, and a devalued dollar doesn’t bode well for any of us.

Countries around the world are seeking alternative methods to pay for commodities, further sinking reliance on the dollar and its impact on the world.

A movement of this magnitude could shift the focus back to gold as folks look for solid ground to stand on, and that’s where Goggin senses opportunity.

Why GPIV Focuses on Gold Miners Instead of Just Gold

Gold can protect buying power, but it does not create cash flow. 

A strong gold miner can do more. When gold prices rise, a miner can see revenue climb, margins expand, reserve values increase, and takeover interest grow.

Garrett believes certain miners still trade as if gold were much lower, even though gold has already made a major move. 

The precious metal is up significantly since September 2022, yet gold miner sentiment has stayed weak.

That disconnect is central to the strategy. 

Still, the goal is not to own every gold stock. GPIV looks for the few companies where rising gold prices have not yet been fully reflected in the share price.

The “Golden Anomaly” Explained

The “Golden Anomaly” is the heart of Garrett’s approach, where he compares a miner’s Net Asset Value, or NAV, with its market cap. 

NAV is the estimated value of the future free cash flow a mine can produce. Market cap is what the stock market says the company is worth today.

When NAV is much higher than market cap, there’s a potential mispricing afoot.

In simple terms, it measures how much upside may exist if the market starts valuing the company closer to its underlying gold assets.

Using real numbers to find value discrepancies that form a “Golden Anomaly” help immensely with credibility, revealing big wealth-generating potential at the same time.

The Three Criteria Garrett Goggin Looks For

Superior Ore Grades

Garrett starts with ore grade because of the direct impact it often has on mining profits. 

Higher-grade ore means a company can extract more gold from each tonne of rock. That matters even more when labor, fuel, equipment, and financing costs rise.

It does seem a bit like common sense, as a miner with weak ore can struggle even in a gold bull market. A high-grade project has more room to generate profit when gold moves higher.

There are many variables a company can adjust, but they have no power to change how much gold exists where they’re digging.

The Right Stage of Production

The stage of production matters almost as much as the grade. 

Early exploration can offer big upside, but it can also take years of drilling, permitting, financing, and construction before any gold comes out of the soil.

Garrett prefers companies entering the “sweet spot.” These are projects where financing and permitting are mostly complete, risk has come down, and production is either underway or close to ramping.

That filter helps avoid some of the weakest parts of the mining market. 

GPIV still has volatility, but it is not built around pure lottery-ticket exploration stories. 

The focus leans toward companies with a clearer path to turning gold assets into cash flow.

A Large Anomaly Profit Variable

The third filter is the valuation gap. Garrett wants miners where NAV is far above market cap. 

The larger the gap, the larger the potential upside if the market corrects the mispricing.

Many of Garrett’s recommendations sit at significant discounts to where the math says they should be, allowing you to buy in for cheap and ride those valuations back to the top.

With that in mind, those gaps are no guarantee of any sort of price increase.

Small miners can stay cheap longer than expected. Still, this gives the strategy a defined target: find gold value the market has not priced correctly yet.

Why Garrett Avoids Most Gold Miners

The GPIV strategy is not “buy every miner before gold runs.” Garrett says 90% of gold miners make no profit and never will, no matter how high gold goes.

That is important because the sector is full of companies with weak ore grades, high costs, poor locations, heavy dilution, or management teams that never turn assets into shareholder value. 

A rising gold price can help, but it cannot fix a bad mine.

Garrett wants the profitable 10%. These are miners with lean operations, strong ore grades, capable leadership, better production timing, and a deep discount to asset value.

Many of his top picks land at significant discounts from actual asset value, leaving plenty of space to connect those dots.

How the Petrodollar Thesis Supports the Strategy

The petrodollar story gives the strategy its timing.

Iran has started charging the Strait of Hormuz transit fees in Chinese yuan, not U.S. dollars. 

That’s huge because the Strait is a 21-mile chokepoint that carries about one in every five barrels of oil on earth. 

More than 13.7 million barrels of crude have already moved through that route in yuan settlement, outside the U.S. dollar-clearing system.

China also buys more than 80% of Iran’s seaborne oil exports, which gives this trend more weight. 

If oil trade keeps moving away from the dollar, central banks may need fewer dollars. 

That can pressure Treasuries, raise funding stress, and strengthen the case for hard assets like gold.

For GPIV, this is not just a macro warning. It is the reason gold miners may reprice. 

Where Gold Royalty Companies Fit In

GPIV mainly focuses on miners, but Garrett also likes the royalty model. His fifth pick is a gold royalty company tied to Tether Gold.

Royalty companies do not dig, operate mines, or carry the same day-to-day production risk. They help finance mining projects and collect royalties, often paid in gold, for the life of the mine.

That can be a powerful setup. Garrett uses Franco-Nevada’s Goldstrike royalty as the classic case, where a $2 million royalty stream became $1.2 billion, or a 600X anomaly. 

His current royalty pick is up 139% this year, recently merged with another profitable royalty company, and may list on the NYSE.

He also points to one $200,000 royalty stake that has already returned more than $17 million and could pay another $10 million per year for 30 years. 

That gives GPIV a second lane: miners for operating leverage and royalties for a more capital-efficient gold angle.

Who the Golden Portfolio IV Strategy Is Best For

The Golden Portfolio IV strategy fits people who believe gold may play a larger role in the next monetary cycle. 

It also fits folks who want more upside than bullion but do not want to sort through dozens of risky mining stocks alone.

This is not a quiet income strategy. Mining stocks can swing hard. Even strong names can drop when gold pulls back or when small-cap resource stocks fall out of favor.

The best fit is someone who can handle volatility, use smart position sizing, and follow a focused gold thesis. 

If you want a broad market service, GPIV may feel too narrow. 

For individuals wanting targeted research on gold miners, NAV discounts, ore grades, production timing, and royalty opportunities, the strategy makes sense.

Final Take: Why the GPIV Strategy Makes Sense

The Golden Portfolio IV strategy stands out because it combines a big macro catalyst with a stock-specific valuation process. 

Garrett Goggin is not just saying the dollar may weaken and gold may rise. 

He is looking for a small group of miners where the market price may not match the value of the gold assets.

The “Golden Anomaly” gives the strategy its edge. 

It keeps the focus on free cash flow, NAV, market cap, ore grade, and production stage instead of vague gold hype.

No mining strategy is risk-free, and I would not treat any pick as a sure thing. 

But the logic is strong. If you want Garrett’s actual names, tickers, and research behind this gold thesis, subscribing to Golden Portfolio IV is the most direct way to access the strategy before the anomaly closes.