Gold. People can still hop onto gold and they haven't yet missed the boat. In 2018, he really started increasing his allocation in gold. Gold is about what is happening in the central bank and the stimulus they put in. The run up was a response to the Feds saying they would support the economy whatever the cost. The systemic risk is growing and gold rises with it. The money that was printed is not in the economy, and he believes the populous wave is the response. Inflation is expected to pick-up, especially with policies that put more money directly in the hands of the population.
He still owns it. They have been buying back some shares. He values their leverage on the ground. They have high quality mines. He continues to use an asset allocation model and he has bought some more this year. Nothing has changed fundamentally and the company is in a better position even.
The company is in West Africa and he has reservations for geopolitical risk. Although he follows it, he has not bought it. There are so many good opportunities in Canada and the US that he prefers to look elsewhere. (Analysts’ price target is $20.00)
He thinks the price of the sector in general will go higher. Buy right and sit tight. This company will be on the acquisition trail. They have made recent acquisitions for stakes in other companies. Good management team. (Analysts’ price target is $4.25)
The company has so many mines and projects that issues in one doesn't affect it. They execute well and are diversified. The price of gold makes profits go up. Let it ride and let people come in. He expects more institutional support going forward. (Analysts’ price target is $120.00)
Platinum and palladium. A rarer metal than gold and silver. On companies that want to recycling catalytic converters, it makes sense but will they be making money? The metals are produced mainly in Russia.
He doesn't own it but there is nothing wrong with it. They have low cost of production, leverage to price, and reserves on the ground. They recently increased their dividends. A great company with management that executes well. (Analysts’ price target is $10.00)
The ETF is composed of futures contracts with counter party risk with a financial institution. If one chain breaks, all ETFs will become questionable quickly. It is a big systemic risk that he would not take.
Hold and buy more. Work from a portfolio perspective and try to get an allocation of 30% in gold. Diversify your holdings with other companies in gold. Hold for a while since all these companies are pretty cheap.
(A Top Pick Oct 23/19, Up 10%) A bit of a lagger but he continues to like and hold it. They had some Covid issues but everything is coming together, especially with their leverage. They stayed alive during the worse by mining low grade. They have started mining high quality gold.
(A Top Pick Oct 23/19, Up 19%) He continues to hold it. Gold and the market will be at the same level once the pandemic is over. He would rather have both the market and gold. The underlying stocks are in US dollars which he values.
It is a producer-developer. He is adding more to his silver allocation. They are opening a mine in Argentina that will be one of the world's most profitable mines. There will be production upside, and upside from the price of the commodity. (Analysts’ price target is $10.60)
A growing low-cost producer in Nicaragua. They also do exploration. Exploration is the area you want to be looking at. (Analysts’ price target is $3.10)