The gold price is hitting new highs, and seems likely to rise further in the short term. China is buying more, which will help push the price up. Other central banks are as well. Just as investors favour gold, as it's seen as a safe asset in troubled times. It historically outperforms Australian shares. And goldmining stocks have generated excellent returns. Just as ETFs tracking goldminers and the metal, perform well.
Securities mentioned: West African Resources, Evolution Mining, Genesis Minerals, Newmont Corp, Barrick Gold, Agnico Eagle, VanEck Gold Miners ETF, VanEck Junior Gold Miners, iShares MSCI Global Metals & Miners ETF, Direxion Daily Gold Miners Bull 2X ETF, SPDR Gold Shares ETF, iShares Gold Trust ETF, SPDR Gold MiniShares Trust ETF, Global X Physical Gold ETF, GraniteShares Gold Trust ETF …...more
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