Jim and Byron are bullish on gold for 2019 and subscribers have been asking many questions about gold investing as a result. Today, Byron goes into the mailbag again to answer questions about positioning your portfolio ahead of the gold rally.
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We are but two days away from the U.K. Brexit vote, on June 23. Brexit is a first, necessary step to Britain disassociating from the Soviet-Lite European Union (EU). Let British voters vote, and then vote counters will count. We’ll see how it all shakes out — and we may or may not know by Friday. One way or another, farsighted investors should buy gold and silver stocks when opportunity presents. For now, read our thoughts on our open positions…
Making money via mining stocks is very much about the people — meaning the management teams and staff. What are they doing with shareholder money? How are they turning prospects into developments? It’s about people, people and more people.
Jim writes to you from Australia this week. One of the main things he learned from his visits with the top institutions in Australia was that their appetite for gold allocations is definitely increasing. Most institutions around the world hold either no gold or very small allocations in the range of 1% to 2%. Gold investing is often considered an "out of bounds" topic in such institutional venues. But that's changing rapidly. For now, Byron shares the latest news on our open positions.
Seems like trade wars are popping up everywhere these days, including most recently with Mexico. One threat in the U.S.–China trade war is China’s control of the rare earth element global supply chain that is so critical to flows of technology. As trade wars keep escalating on different fronts, look for rare earth and gold prices to rise as volatility and tensions increase for world markets.
Byron recently returned from the PDAC mining conference in Toronto. Not only was he able to speak with many of the companies in our portfolio, but he picked up quite a bit of information from others in the mining space, as well as bankers, analysts and investors.
"Down days" for gold can make for good entry points. Gold is heading much higher. Short-term ups and downs will be viewed in hindsight as irrelevant noise. The big show is yet to come and the time to accumulate gold is now - while you still can. For now, here are our thoughts on our open positions…
