I like gold as an asset class over both the short and long-term. Here are a few final thoughts from the Denver Gold Forum to augment my write-ups so far (link here and here).
I have been looking forward to the Randgold presentation and it did not disappoint. I thought there were four key slides:
The company, over the last few years, has been the only major gold producer whose share price is competitive with gold:
Why gold companies with growth and strong share prices are rare...note the increasingly poor returns from exploration budgets:
...which underpins their production growth, with strong grade and cash cost control
I think a winning combination. My last report (on their Q2 numbers) is here.
In the links above, Kinross stood out for a review (this will follow in due course) and New Gold of Canada also caught my eye. Just like Randgold, I note a share that has outperformed the gold price over recent years...