Gold fans are still ringing in their ears: Gold is a relic of the past, it does not bring any return, so it is irrelevant for investment purposes. So far so good with Warren Buffett’s investor views as far as gold is concerned. Or rather, as far as gold was concerned. Because slowly but surely he has to reorient himself with his gold commitments. “Buffett takes gold producers into the portfolio and continues to muck out at banks,” was a read in the Handelsblatt these days.
It may be true that gold does not generate any returns in terms of interest or dividends. But somehow the compensation for the inflation, i.e. inflation or negative real interest rates, is also a kind of return. In the past few months, if you take the price increase in gold as a measure of value, the return has been lucrative for gold investors anyway. Even a Warren Buffett can no longer just stand on the sidelines and wait.
Buffett is therefore buying the flagship of the gold mining industry into his portfolio: Barrick Gold. If the price of gold rises, this share of the top 2 gold mining also rises. But for more risky investors there is a wide range of fundamentally good gold stocks in the gold sector, which should have an even stronger leverage on the gold price. This circle includes Bluestone Resources and Treasury Metals.
Bluestone Resources – https://www.commodity-tv.com/play/bluestone-resources-virtual-roadshow-investor-presentation-august-2020/ – Owns the Cerro Blanco gold project in Guatemala, which will produce an estimated 146,000 ounces of gold annually. Drilling returned up to 48.5 grams of gold and 97 grams of silver per ton of rock.
Treasury Metals – https://www.commodity-tv.com/play/treasury-metals-investor-presentation-july-2020-with-qa/ – Develops the Goliath Gold Project in Ontario. The start of production is approaching. First an open pit mine, later an underground mine. Good infrastructure and mining-friendliness are given.
Latest company information and press releases from Bluestone Resources (-https://www.resource-capital.ch/de/unternehmen/bluestone-resources-inc/ -) and Treasury Metals (- https://www.resource-capital.ch/de/unternehmen/treasury-metals-inc/ -).
In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information it contains comes from sources that are believed to be reliable, but in no way claims to be correct or complete. On the basis of court judgments, the content of linked external pages is jointly responsible (including the Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as there is no express distancing from them. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/
Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been recognized by third parties in the “News” section of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.