Stop Wishing For Higher Gold Prices And Face The Reality - Fund Manager

As capital deployed in the gold space is thin, investors should allocate assets in their portfolio to make the best of the current gold price instead of constantly wishing for higher price levels, this according to Michael Danov, president and CIO of SBP Management.
“There’s momentums when you can come in and invest, but people always complain that the gold prices need to be higher. No, I think the gold price needs to be where it is so you need to figure out what you could work with,” Danov told Kitco News on the sidelines of the Mines and Money New York conference. (show less)

As capital deployed in the gold space is thin, investors should allocate assets in their portfolio to make the best of the current gold price instead of constantly wishing for higher price levels, this according to Michael Danov, president and CIO of SBP Management.
“There’s momentums when you can come in and invest, but people always complain that the gold prices need to be higher. No, I think the gold price needs to be where it is so you need to figure out ... (read more)

Mines & Money New York
Mines & Money New York

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 3rd year, Mines and Money New York is that event.

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