Gold is the fourth major currency. And central banks aren’t printing more of it.— John Biccard, Investec
The rand is fundamentally undervalued. It can certainly strengthen from R14 to the dollar.— John Biccard, Investec
The Money Show’s Bruce Whitfield interviewed Manager of the Investec Value Strategy John Biccard.
Biccard identified what he believes are early signs that precious metals could be on the mend, touching on the following five points:
Failed policies of central banks
Destruction of the value of paper money to continue to benefit gold
Platinum offers exceptional value
Overvaluation encountering reality – US equity markets and FANG (Facebook, Amazon, Netflix and Google) collapse the final shoe to fall?
- How much recovery is left in the share prices of precious metal stocks?
Listen to the audio below for more detail.
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