The precious metals complex set off fireworks in July as gold bullion reached all-time highs. Silver bullion and gold mining equities broke through significant long-term resistance levels to further improve their bullish standing. Year to date, precious metals continue to outperform as gold has attained “escape velocity”, i.e., it has gravitationally moved away from other asset classes.*
Gold broke a new high on 28 July, reaching US$1,940 on the LBMA Gold Price PM (PM Price). This exceeded the previous record of US$1,895 set by the PM Price on September 5, 2011.
During significant crises including the GFC and COVID-19, gold has provided significant portfolio protection. Learn how Gold Can Provide Protection During Crises
June 29, 2020: Today, Sprott Inc.’s common shares will begin trading on the New York Stock Exchange under the ticker symbol “SII.” This is a significant milestone for Sprott and a natural next step in the evolution of the company.
Chief Investment Officer Whitney George discusses the depth of resources at Sprott, a leader in precious metals investing.
Guest speaker Carter Worth, Chief Market Technician at Cornerstone Macro, joined Sprott’s John Hathaway and Rick Rule to discuss why gold and gold equities are outperforming traditional asset classes right now.
Rosenberg believes that investing in a post-pandemic world is shifting our focus from what we want to what we need. Gold has been a "winner" during this crisis.
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