Gold Is "Cheapest" Market In the Entire World - Ivan Bebek

A lack of appreciation of gold has led to the yellow metal being undervalued, said Ivan Bebek, Executive Chairman of Auryn Resources.“It seems like investors are looking for every reason but the gold price to buy into other commodities, such as battery metals, tech, or marijuana,” Bebek told Kitco News on the sidelines of the PDAC 2018.Bebek noted that in order for investors to rush back into gold, the yellow metal would have to break past $1,380 an ounce. “Once the retail public sees $1,400 gold, you’ll see an onslaught of investors coming back to the space, and I think from there, it’s a pretty big springboard that’s been pushed down in the last six years,” he said.Bebek said that gold is overdue for an uptick. “I think we’re about to turn into a seasonal move to the upside here, as we go into April, based on the 30-year, and I think that maybe we’ll start to feel some of that upside from those moves,” he said. (show less)

A lack of appreciation of gold has led to the yellow metal being undervalued, said Ivan Bebek, Executive Chairman of Auryn Resources.“It seems like investors are looking for every reason but the gold price to buy into other commodities, such as battery metals, tech, or marijuana,” Bebek told Kitco News on the sidelines of the PDAC 2018.Bebek noted that in order for investors to rush back into gold, the yellow metal would have to break past $1,380 an ounce. “Once the ... (read more)

PDAC 2018

PDAC 2018
The Prospectors & Developers Association of Canada (PDAC) is best known for its annual convention, bringing together prospectors, developers, geoscientists, consultants, and mining executives, among others. Considered the mammoth of all mining conferences, this annual event attracts more than 24,000 attendees from more than 130 countries. Don't miss our coverage brought to you by Uranium Energy Corp and GoldMining Inc.

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