Personal Finance: Gold prices on the rise, are mining stocks worth a look?
Investing in mining stocks is fraught with uncertainty but, the long term demand, together with low and limited reserves of the precious metal, may make this segment worth an investment
Macro-economic factors such as an economic slowdown, recession or a boom affect the price of gold
A friend of mine got interested in gold mining stocks in 2020. At the same time Warren Buffett’s firm did.
In the second quarter of 2020, Berkshire Hathaway bought a $600 million stake in Barrick Gold Corporation, one of the world’s largest gold mining companies. They may have seen an opportunity to profit from the rising gold prices. Also, Barrick Gold reported strong earnings growth and cash flow generation in 2020, thanks to its low-cost production and high-margin
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