Eight gold plays that may surprise you in 2020
Legendary investor and billionaire Ray Dalio recently stated: “The world has gone mad and the system is broken.” My personal favourite, renowned investor Jim Rogers recently stated: “Buy gold coins and silver coins as global crisis is coming.” Other big names in mining such as Frank Guistra, Rick Rule, and Eric Sprott are all saying we are likely about to begin a gold bull run. In September 2019 Frank Guistra stated: “This is going to be an explosive gold market”, heading towards US$1,900/oz. If that happens gold would set an all time record high breaking the past high of ~$1,890 an ounce in 2011. Gold mining CEO Rob McEwen thinks gold is going much higher, as high as US$5,000/oz. There are even others that have long been forecasting gold to go as high as US$10,000/oz.Given the world’s enormous debt and political problems right now, it would certainly be wise for investors to hedge some of that risk by owning some gold stocks.In Part 1 we looked at four small cap gold stocks, 2 in production, and 2 that are just a few years away from production. In Part 2 we look at four gold stocks, with good exploration potential.
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