Now gold is the investment equivalent of survivalism, practiced by only a few wackos waiting for the world to end. But I have some friends, not otherwise given to delusional thinking, who believe investment demand is on the point of picking up. If you cannot bet on a rising gold price to lift all gold stocks, that is not to say you cannot select individual gold shares with positive characteristics. A gold share might be worthwhile if it is bringing a new mine from development into production. An existing mine might grow profits if it has hedged away its commodity risk while increasing production or lowering costs.
Some companies have effective acquisitive growth strategies.
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