As an investor who has been in the game for long, you may be in a better position to offer viable forms of advice to investors who are in pursuit of an investment that is worth their time and money. Well, Matt Badiali is one such investor. Currently, Matt Badiali is advising people to invest in gold mining stocks.
The price of gold has been fluctuating over the years; nevertheless, Matt Badiali is confident that people should invest in gold mining stocks. There are many risks involved when investing in gold. With that said, the prices of gold fluctuate as a result of mines failing or even shutting down.
With such risks involved, why is it advisable to invest in gold mining stocks? Well, gold is among the minerals that have been offering a balance when it comes to the costs of energy, concrete, iron, and water. Additionally, gold also has a minimum cost which can also be referred to as a sustaining cost. The sustaining cost can be termed as the lowest price of gold per ounce.
Currently, the supply of gold has deteriorated thereby resulting in market fluctuations. Investors will gain big time from the inflation that has been brought about by the increased global economic expansion.
In 2015, the price of one ounce of gold was estimated at $1050. In turn, the gold mining industry managers were able to foresee the reduction in the prices of gold. With that said, the key players in the gold mining industry decided to reform their strategies. Currently, the gold mining sector is getting back on its feet and investors are bound to reap huge benefits by investing in gold mining stocks.
Matt Badiali is a geologist by profession. Additionally, he is a financial analyst. Throughout his career as a financial analyst and geologist, he was able to gain an in-depth understanding of minerals such as gold. As for gold mining stocks, their price is determined by the amount of time it takes the miners to drill a hole. The miners who drill holes fast can reap substantial returns, as compared to the miners who carry out the mining process gradually.