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Setting the scene

  • Simon Cawkwell
  • 7 days ago
  • 1 min read

Updated: 6 days ago




I think we are in an unusual position economically and politically since it is clear that Trump is an unreliable oaf and reacting to a weak outlook for an overvalued USD and the consequences of over-priced labour within the USA. Matters will not improve. Trump cannot do anything about it.

 

It follows that being long gold, now $3,200, is correct but a rather frisky approach for long term investors who, I think, should buy the shares rather than the metal. Fortunately there is a perfect vehicle in the form of Golden Prospect Precious Metals (GPM). Currently tangible net asset value is of the order of 60p as against a price to buy of 52p. Readers are advised to climb in and let the good times roll. Surely they will.

 
 
 

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