There are (early) signs that precious metals could be recovering

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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Article brought to us by Old Mutual.

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