The Money ShowThe Money Show

Is all that glitters gold?

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Stephen Grootes speaks with Manqoba Madinane, Strategist: Fixed Income, FX & Commodities at RMB, about gold’s renewed shine amid global uncertainty and doubts over the US dollar, with prices up more than 40% in the past year to over US$3,000 an ounce. He says investors can benefit either by holding the metal directly or through listed gold miners, highlighting AngloGold Ashanti as a high-conviction pick still offering value despite a 112% rally this year, trading on a 13% spot free cash flow yield and a 6.5% dividend yield.

 

 
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The Money Show

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