Webinars Ignore the Blip, Equip with Gold
11:00 AM US ET
Joe FosterPortfolio Manager, Gold Strategy
While a shift in the U.S. Federal Reserve’s policy outlook in mid-May soured some of gold’s near-term luster on inflation concerns, it did little to eliminate the overwhelming longer-term risks still present in global financial markets today. Mounting government debts, an over-reliance on “cheap” money, and increasingly common black swan events are just several of the factors supporting our thesis for higher gold prices.
Similarly, we maintain an optimistic outlook for the miners. Current prices are still well above the gold industry’s average cost of production and managements are as committed as ever to ensuring the financial stability and execution of longer-term growth and capital return objectives for their companies.
- Recent moves in the price of gold
- Our inflation outlook and lingering risks to the financial markets
- Developments among several of our favorite positions with a highlight on some juniors
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You can lose money by investing in the International Investors Gold Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. The Fund’s overall portfolio may decline in value due to developments specific to the gold industry. The Fund’s investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, or political, economic or social instability. The Fund is subject to risks associated with investments in Canadian issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, gold-mining industry, derivatives, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, non-diversification, operational, regulatory, small- and medium-capitalization companies and subsidiary risks.
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