Cassiopeia Services Investor Symposium London 2019 : Angelos Damaskos, CEO of Sector Investment Managers, opened the evening by, outlining why he believes the bullion market is entering a bull run. Sharing invaluable insights on gold and precious metals
For Angelos, there are three main factors heating up the precious metals sector: geopolitics and political tensions; the macroeconomic forces showing slowdown in global economic growth, particularly in China; and central banks’ policy changes of interest rate cuts. These are beneficial factors for investments in gold and silver, which are unlikely to change in the near future given the current global climate.
Angelos also recommends that investors look at small-cap mining companies: “the growth engines of the industry with prospective assets” as they hold assets that could yield great future value. He also added that any diversified investment portfolio should have a strong allocation of precious metals.
According to Bloomberg, bullion – precious metals in the forms of bars, ingots or coins – has risen 16%, driven by the boosting demand for safe haven assets. James Steel, Chief Precious Metals Analyst at HSBC Securities (USA) Inc. expects a year-end price of $1,555/oz, end-2020 at $1,605.
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