Mickey Fulp: Gold vs. Gold Stocks? Don't Conflate Them
This interview was conducted on March 3, 2020.
Stay tuned for part two, which covers uranium. Speaking to the Investing News Network at PDAC, Mercenary Geologist Mickey Fulp warned investors not to confuse owning gold stocks with owning gold, saying that in a market correction gold miners will do poorly and explorers will do worse.
"Gold stocks will not do well, especially the gold explorers. You should never conflate owning physical gold with owning gold stocks — does not compute," he said.
"In a market correction like we have right now going on ... the gold miners won't do well (and) the gold explorers will do even worse." He also discussed the issues he sees with the TSX Venture Exchange, and three ways to potentially fix them.