Already, the severe liquidation of precious metals shares is beginning to alter the menu of prospective returns, though it is important to recognize that even the historically low valuation of
gold shares relative to spot gold prices does not remove risk or ensure returns, particularly over the near - term.
Not exact matches
Gold's strength relative to commodities we outlined in our last note (Ask Better Questions to Make More Money), where we also explained how gold's relative value has powerful insight it can share on long term interest ra
Gold's strength
relative to commodities we outlined in our last note (Ask Better Questions to Make More Money), where we also explained how
gold's relative value has powerful insight it can share on long term interest ra
gold's
relative value has powerful insight it can
share on long term interest rates.
I have no opinion on whether there is a bubble in
gold shares at the moment; having one would require a knowledge of these stocks» fundamental valuations
relative to their market prices.
Clearly, although Yamana
Gold's price appears very low at less than $ 3 per
share, its valuation
relative to fundamentals (earnings) is very high at almost 30 times earnings.
I have no opinion on whether there is a bubble in
gold shares at the moment; having one would require a knowledge of these stocks» fundamental valuations
relative to their market prices.