Forget gold – buy this rare metal instead

A recent report is upbeat about the prospects for the junior gold mining sector. But Tom Bulford isn’t so sure. There are better bets in other metals that carry far less risk, he says.

What's the best mining stock to buy right now? Well, if you read the latest mining sector study by RFC Ambrian you might say a gold miner. Because Ambrian has just pointed the way to a huge story that could send the gold price into the stratosphere.

It's starts with the Nixon Shock the moment in 1971 when Richard Nixon cancelled the direct convertibility of the US dollar into gold. The US was burdened by the cost of the Vietnam War. And Nixon reckoned that by closing the gold window', he could strengthen his hand. In an instant, gold ceased to be classified as real money. And for a long time it stayed that way.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.