from Kitco NEWS
With gold prices having breached the $1,700 an ounce level and sustained upwards momentum, investors should look to buy not only the bullion, but also gold equities, whose share prices have not yet priced in these higher gold levels, according to Peter Marrone, executive chairman of Yamana Gold.
“This is one of those situations where one should be less cautious, and one should be invested in the gold sector, but more than gold as a metal. I think one should be invested in gold equities,” Marrone told Kitco News. “While gold prices have gone to these levels, in excess of $1,700, today almost touching $1,800 per ounce, it seems to me that gold equities are not reflecting – in terms of their value and share price – they’re not reflecting that gold price.”
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