Hi friends,
While I do own some physical gold and silver, I also like to invest in the gold miner stocks. This is a way to have your gold in a business wrapper - you are earning net profit from the business and the company has a higher top line with gold prices increasing.
One of my bigger plays is IAG:
They produced 450k in gold ounces last year, so over $900M worth of gold at today’s prices.
The stock has done ok over the last few years I have owned it, but I usually like to see the gold miners outperform gold itself but they have tracked pretty closely.
There is an earnings call for Q1 2024 this week - maybe this will be the catalyst to see it jump to $10.
Thanks for coming by,
Brian
