Chanticleer
Fear, greed and Trump: this $5b deal is a part of gold’s global rush
The $5 billion tie-up between Northern Star and De Grey Mining is occurring against the backdrop of surging gold prices driven by three key forces.
When Chanticleer spoke to legendary investor Howard Marks last month, he dismissed investing in gold with his usual flair.
“I have made my career investing as a value investor in assets where I believe there’s an identifiable intrinsic value, and that intrinsic value is produced by cash flows,” he said. “There is nothing intrinsic in gold, or paint on a canvas, or a bitcoin entry in a ledger.”
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