In early April, Goldman Sachs said that a gold price of US$4,500 by the end of the year was possible. While there’s certainly evidence to support such a price target, the timing may be overly optimistic.
The World Bank suggests considerably less – an average gold price of US$3,250 for the year. But even this lower target would mean significantly enhanced profits for gold miners.
In this Standard Bank Power Simon Brown unpacks the case for gold. With de-globalisation and de-dollarisation (both major themes of the Trump Presidency), continued buying by central banks, changes to Basel III rules in July, and very little Greenfield’s expansion, the outlook for the yellow metal remains bullish.
In this Power Hour Simon covers;
- Gold vs. the miners (when to hold which)
- Local and offshore gold ETFs
- Local and offshore gold miner ETFs
- How much gold or gold miners to hold in a portfolio?
- His preferred miners & ETFs
- When to take profits?
- The Standard Bank Gold Miners Autocall Structured Product
Gold has become an important part of any investment portfolio and this Power Hour will ensure your portfolio is part of the journey.
Power Hour
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The Power Hour started in 2011 with top industry experts presenting to private investors on financial issues closest to their heart. Power Hours are now both live in-person presentations in Johannesburg, and broadcast live online.
