As Ray Dalio, iconic billionaire and founder of the $160 billion hedge fund Bridgewater Associates, puts it, "Cash is trash" in 2020.Reiterating his prediction last year that the precious metal would become a top investment amid a market "paradigm shift," Ray told CNBC that "You have to have a certain amount of gold in your portfolio" to profit amidst widespread money-printing.
Meanwhile, gold exploration companies with projects on deck that can deliver real ounces stand to generate spectacular gains.
This trend makes gold exploration stocks the single best way to profit from a gold bull market. The equation is simple: if a junior miner can detect a number of ounces in the ground to make a potential mine feasible, its value can take off in a matter of days, if not hours.
Of course, exploration companies are not all created equal. To find those that stand to make the leap from drilling for gold to extraction and sales, investors in the sector look for three things:
PEOPLE: A management team with a track record of proven success, with a large insider stake in the future of the company
PROJECTS: A deposit with excellent drill results and geological similarities to other successful mines
PLACES: A safe jurisdiction, with nearby infrastructure in place to lower the cost of exploration and development
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Last
62.5¢ |
Change
0.045(7.76%) |
Mkt cap ! $377.1M |
Open | High | Low | Value | Volume |
59.0¢ | 62.5¢ | 59.0¢ | $929.0K | 1.518M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 18000 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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63.0¢ | 228537 | 10 |
View Market Depth
No. | Vol. | Price($) |
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1 | 18000 | 0.620 |
2 | 11010 | 0.615 |
1 | 8010 | 0.610 |
2 | 8000 | 0.605 |
4 | 16983 | 0.600 |
Price($) | Vol. | No. |
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0.630 | 212664 | 9 |
0.635 | 11603 | 3 |
0.640 | 70000 | 4 |
0.645 | 18290 | 2 |
0.650 | 97600 | 11 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
62.5¢ |
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Change
0.045 ( 7.33 %) |
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Open | High | Low | Volume | ||
59.5¢ | 62.5¢ | 59.5¢ | 349489 | ||
Last updated 15.59pm 28/03/2024 ? |
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