Investment master reaches for gold mines
"Gold is dug out of the ground in Africa or elsewhere. Then it is melted down, another hole is dug and buried in it again, and people pay to stand around and look at it.“ No less a person than investor legend Warren Buffett has so early revealed his aversion to gold. Well, now he's just 90 years old and seems to have gotten a little smarter. Because the stock market champion in particular is now also betting on gold. No wonder: his highly praised investment vehicle Bergshire Hathaway has achieved a plus of around 430 percent since the beginning of 2000, while gold has gained around 600 percent.
However, the master does not bet directly on physical gold. The possibility of a return on investment should be preserved. Therefore, Buffett collected Barrick gold shares. That is surely also the fundamental and investment-technically risk-poorest variant. For investors who have already gained experience in the gold sector and do not want to avoid risks so much, there are very interesting titles from the third and fourth row. If the gold price continues to rise, this greater risk could well be offset by a higher return.
This group includes Aurania Resources and Aztec Minerals, among others. Aurania Resources is working on the Lost Cities Cutucu Project in Ecuador. The Company's flagship project is located in the eastern foothills of the Andes in Ecuador. Silver, gold and copper occurrences have already been proven by drilling.
Aztec Minerals is exploring large gold-copper deposits in the USA. Particularly significant are the Cervantes project in Sonora, Mexico (gold, copper) and the historic Tombstone properties. These host gold, silver, lead and zinc.
Each Martian, which observes the handling of gold of humans, might scratch itself only the head, said earlier Warren Buffett in its own words. Today, he is more likely to scratch his own remaining hair when he looks at the sometimes fantastic course advances of gold investments over the past years.
Current company information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/).
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