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Gold Is Plagued By Disinterest - U.K. Top Fund Manager
Ian Williams, CEO of Charteris, one of the best performing funds in the U.K. across all sectors, noted that the precious metals space has been plagued by investor disinterest over the last few years, but may see renewed interest now at a time when equities over at an all time high and are overvalued.
Williams’ precious metals fund is weighted 65% in silver miners, and avoids stocks in the top and bottom tiers.
“We tend to meet the companies we invest in, because we want updates on what they’re doing,” Williams told Kitco News on the sidelines of the Mines & Money New York conference.
“We don’t buy the large cap miners like Barrick, most of those big ones have got declining production profiles, and we don’t buy the small exploration companies because we think the risks far outweigh the rewards,” he said.
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Ian Williams, CEO of Charteris, one of the best performing funds in the U.K. across all sectors, noted that the precious metals space has been plagued by investor disinterest over the last few years, but may see renewed interest now at a time when equities over at an all time high and are overvalued.
Williams’ precious metals fund is weighted 65% in silver miners, and avoids stocks in the top and bottom tiers.
“We tend to meet the companies we invest in, ... (read more)
Mines & Money 2018
New York is a global centre for finance. As commodities prices continue to rise, many generalist investors are returning to the sector. Coupled with the number of natural resource specialists based in New York and the surrounding East Coast, the reasons for having a mining event in New York have never been stronger.New York has been without a major mining investment show for too long. Now in its 2nd year, Mines and Money New York is that event.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
