In this article for Streetwise Reports, I discuss gold, financial repression, negative yields, and the search for value in an uncertain market.
Gold continues to play an important role in a world of stagnating economies, excessive debt, and negative-yielding assets. In the mining sector, however, investors must be careful not to assume that rising metal prices automatically justify higher equity valuations. Real value still depends on assets, management, jurisdiction, capital structure, and price.