Please tell me your recommendations for gold mining stocks.
How do you think gold-related stocks will move from the latter half of 2023 to 2024? When the economy deteriorates, gold is bought, so Taro always says that gold mining stocks have an investment advantage! I would be happy if you could tell me about investment timing and recommended stocks.
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バフェット太郎 : Gold and gold mining stocks are expected to rise in earnest from the second half of the year.
In the first place, gold is inversely correlated with the dollar, so the investment timing of gold and gold mining stocks depends on the dollar. Also, since the dollar is affected by interest rate differences with other countries, I think the dollar will reach a ceiling in July when interest rate hikes are expected to stop.
Also, after the latter half of the year, the dollar will gradually be sold as expectations for interest rate cuts intensify this time, and I think gold, which is inversely correlated, will begin to be bought.
If you want to invest in gold, there are “SPDR Gold Shares (GLD)”, and if you want to invest in gold mining stocks, there are “Van Eck Vector Gold Mining Stock ETFs (GDX)” and “Van Eck Vector Small and Medium Gold Mining Stock ETFs (GDXJ)”.
181516220 OP バフェット太郎 : Thank you Taro for your kind comments. The cancellation of interest rate hikes is expected in July, so the fact that July will be the ceiling for the dollar is very helpful.
I'm paying attention to the individual stocks NEM and GOLD. I'm going to try investing in gold mining stocks by referring to Taro's advice