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Gold Stocks Remain the Best Play Says this Expert
Gold stocks are undervalued relative to physical gold, said Adrian Day, president of Adrian Day Asset Management.
“[Gold stocks] have lagged, not just in the last six months, but they’ve lagged in the last several years,” Day told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
“To me, the bigger question is less of timing and more of selection; I think one has to be extremely selective in the gold mining space,” Day added.
Despite preferring gold stocks over physical metal, Day said that the physical bullion should still be a staple in every investor’s portfolio.
“Everyone should have physical metal first as as insurance,” Day said, “but if you’re asking me what’s a better buy right now, I think it’s the stocks.”
On physical gold, Day said that the recent rally in the yellow metal is just the beginning. “It’s only just begun,” he said, “it will be natural to see some backwards and forwards over $1,300 [an ounce]; any psychological number causes a little bit of back and forth.” (show less)
Gold stocks are undervalued relative to physical gold, said Adrian Day, president of Adrian Day Asset Management.
“[Gold stocks] have lagged, not just in the last six months, but they’ve lagged in the last several years,” Day told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
“To me, the bigger question is less of timing and more of selection; I think one has to be extremely selective in the gold mining space,” Day ... (read more)
Daniela Cambone
Editor-in-Chief
Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.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.
