Is it the right time to move away from equities and park some funds into commodities, especially the likes of gold and silver? They are the ones that seem to be doing much better due to the uncertainties in the market.
As a bullion dealer, I am always going to say it is a good time to move some money into gold or silver. But if you look at the equity markets right now, it is really interesting that we have seen such strong US stock markets despite this catastrophic global pandemic and I think that is really due to the amount of money being poured into the financial markets by central banks. There are hopes of a V-shaped recovery and I think the size of government deficit spending is huge, supported by massive central bank intervention worldwide.
Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp.