Make Kitco Your Homepage

News Bites

Make sure the company you choose to invest in can weather this out: David Erfle

Michael McCrae

Kitco News

David Erfle with Junior Mining Junky is picking carefully during the recent gold market gyrations.

Erfle spoke to Kitco yesterday. In the past 60 days spot gold has swung from a low of $1,452 oz to a high of $1,700 oz as markets respond to the latest COVID-19 news.

When choosing what company to invest in, Erfle said cash is key. The business should be well funded.

"I've got core positions in royalty companies; growth-oriented, low cost producers and some development plays that have a lot of cash," said Erfle during a video interview.

"It's kinda like 2008, but it's not really because we've got this pandemic on top of it. Nobody knows when it's going to get under control, and the economy can get moving."

Erfle said he has to see the market stabilize before adding to his positions.

By Michael McCrae

For Kitco News

Contact mmccrae@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.