Analysts urge ‘hold’ on gold stocks

The total estimated value of re­serves in the ground of these four minerals is about $5 trillion which will take hundreds of years to exhaust. In my opinion, it’s time for a relook at empowering citizens so that they have a stake in their own country’s mineral endowments.

INVESTORS should hold onto domestic gold mining stocks despite recent global price volatility, which was “only a temporary market dislocation, not weakening fundamentals,” investment analysts at FBC Securities have said. The call comes after a sharp decline in global gold prices in March sent panic waves in some international equity markets and weighed on gold-linked…

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