Always good to hear all sides of the discussion. I like this quote: “Nobody really understands gold prices and I don’t pretend to really understand them either,” Fed Chairman Ben S. Bernanke told the Senate Banking Committee in July.
The world's most famous gold bug predicts bullion will reverse its 21% decline and probably surge 52% to reach a record $2,000 an ounce within a year.
Good article outlining the risks of investing in gold exploration companies or for that matter, any mining company. They must be well capitalised and have a low cost of operations. Easier said than done.
Do note that ASX has 761 companies involved in the mining sector... hence, it is better to start doing the research now and wait till the sector is really beaten down..... Every day, I go through a few of these ASX listed companies and so far, I have not found anything I like. Probably because I have high expectations and so far, all the companies I have seen have very poor financials and some of them pay their executives very well even though the mines have not produced anything!