Silver and gold: 'Bombed out' and uniquely cheap?

Silver and gold: ‘Bombed out’ and uniquely cheap?

Ian Williams, chief executive officer and fund manager at Charteris Treasury Portfolio Managers, says now is the time for investors to profit from ‘bombed out' silver and metal assets.

Gold and silver assets are at acute levels of comparative cheapness, sitting as they are at 50-year extremes relative to other sectors of the global equity market.  The large-cap base metal miners are also trading at extreme levels of relative cheapness, but even they are not as ‘bombed out’ as the gold and silver miners. Rio Tinto Rio Tinto is a case in point. It is a good example of just how cheap the large-cap miners are currently. At a price of £32 a share, the company’s stock is less than half the £70 a share it reached in May 2008, just prior to the crash.  All other sector...