Gold trading near all time highs
Read the full article here: Gold makes run for record high as Ukraine concerns, inflation risks mount
With geopolitical tensions continuously escalating, overnight we saw the gold price trade a few dollars off its all time high at US$2,068 per ounce.
Gold keeps doing what it does and in times of uncertainty/fear the price keeps going up, historically around times of market uncertainty the price of gold tends to appreciate and the gold miners/explorers generally tend to outperform.
We saw this dynamic in mid-2020 after the COVID led lockdown of the global economy - the gold price reached its all time high at the time of ~US$2,072 per ounce.
We are invested in gold companies so that they can act as a hedge in times like this, below is a list of our gold exposures:
Los Ceros (ASX:LCL) - This is why we invested
- Gold, Exploration Stage (Colombia)
Tempus Resources (ASX:TMR) - This is why we invested
- Gold, Exploration Stage (Canada, Ecuador)
Titan Minerals (ASX:TTM) - This is why we invested
- Gold, Exploration Stage (Ecuador)
Ragusa Minerals (ASX:RAS) - This is why we invested (Catalyst Hunter Portfolio)
- Gold, Halloysite Exploration Stage WA (Australia and Alaska)
