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With gold prices having breached the $1,700 an ounce level and sustained upwards momentum, investors need to aim to buy not just the bullion, however additionally gold equities, whose share rates have actually not yet valued in these greater gold levels, according to Peter Marrone, executive chairman of Yamana Gold.
" This is just one of those scenarios where one should be less cautious, and also one must be invested in the gold field, but greater than gold as a steel. I assume one need to be purchased gold equities," Marrone told Kitco News. "While gold rates have actually mosted likely to these degrees, in excess of $1,700, today almost touching $1,800 per ounce, it seems to me that gold equities are not mirroring – in regards to their worth as well as share rate– they're not showing that gold rate."
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Throw caution to the wind; gold stocks not yet fully priced in – Peter Marrone
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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