$GLD, $XAU, $AGGFF
The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system.
Investor Ray Dalio recently cautioned attendees at the Institute for International Finance conference when he mentioned the possibility of a flight to gold because of his concerns about America’s fiscal position.
So, hope for the best, while preparing for the worst, start now,
The Big Q: What is the best way to hedge against a potential global recession?
The Big A: Gold.
Investors are piling into gold in a big way. The market is hot. Some are even saying that $2,000/oz gold may be on the horizon.
The smart money knows that when gold goes up…so do the companies that mine it
In Y 2016, gold prices jumped 26% in 6 months, gold miners exploded.
African Gold Group (TSX:AGG.V, OTCMKTS:AGGFF) CEO Stan Bharti notes, “Gold has always been and will always be investors’ favorite safe haven…and that’s good news for miners”
Mid-cap miner Endeavour Mining Corp gained 196% in 6 months, while its Ontario based competitor IAMGold gained 256% in that same frame, but the real winners were small-cap miners.
Argonaut Gold’s share price jumped 298% in 6 months, and its peer Great Panther Mining saw its share price even jump by a whopping 340% in 4 months.
And now, the same thing looks to be happening again.
But catching the wave is not easy. From under-the-radar mines to old school producers stepping up their game, knowing where to look is the surest way to see big returns.
When smart money is looking for a gold company with major Northside, they are looking for small companies with proven resources in the ground, and not gobbled up by the mega-miners.
Here is a conservative idea…
Toronto-based African Gold Group (TSX:AGG.V, OTCMKTS:AGGFF) checks every box.
It’s sitting on an estimated 2.2-M oz of mineral resources in the Kobada mine in Mali, a country that is currently experiencing its own gold rush.
HeffX-LTN’s overall outlook for AGGFF is Neutral to Bullish with a Very Bullish bias in here. Do your homework.
Have a terrific Holiday week.
Latest posts by Paul Ebeling (see all)
- F1: Ferrari’s (NYSE:RACE) Team Debuts its new SF1000 Racecar with Operatic Flair - February 17, 2020
- The Common Causes of Back Pain - February 17, 2020
- More Arctic Air Blasting into US This Week - February 17, 2020