Friday , 1 November 2024

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Buy Gold – But Not Just Yet

James Grant, editor of Grant's Interest Rate Observer, is urging investors to put their money in gold because he fears that the world will lose faith in central banks, or as he terms it “monetary management.”

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A Visualization of the Size of the U.S. National Debt

When numbers get into the billions or trillions, they start to lose context. The U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average person to comprehend so today’s data visualization plots the U.S. national debt against everything from the assets managed by the world’s largest money managers, to the annual value of gold production.

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5 Gold Juniors Trading at Big Discounts to Their Gold Ounces in the Ground

A popular valuation multiple within the resource industry is to take a company’s market cap and divide it by its gold equivalent ounces in the ground. This ratio gives an indication as to how pricey one company’s gold is in comparison to another's. As a reference, Barrick Gold (TSE:ABX) trades a 145 times its gold equivalent ounces in the ground, while Goldcorp (TSE:G) trades at 181x. That being said, the 5 low indebted gold stocks on our list today are trading below 55x.

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