Gold prices hit record highs last week as sovereign debt fears sent investors scurrying into 'safe havens'. If you fancy a high-octane play on gold, you might consider the fledgling gold fund Junior Mining. Created in September 2009, the £25m fund is managed from London by Angelos Damaskos, a specialist investor in small-cap oil and mining firms.
Damaskos favours investing in small gold processing or extraction companies, rather than in gold itself. He notes it is "much easier" for small miners to grow their share price than larger rivals, as a single discovery has a big impact. Smaller miners have more concentrated assets, making it easier for "selective investment" in a geographic area or commodity.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Reducing cash ISA limit will make lending difficult and expensive, warn providersAn open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
-
Nvidia becomes world's first $4 trillion companyThe AI boom has catapulted Nvidia’s share price to astronomic heights, becoming the world’s most valuable company and the first to pass the $4 trillion milestone
