Buy Hold Sell: Gold soars to new highs - but fundies are selling these 2 stocks

Buy Hold Sell, by Livewire Markets

Gold prices are trading at all-time highs, with the yellow metal soaring more than 38% over the last 12 months alone. The "safe haven" commodity's price has been driven by continued economic uncertainty, rising geopolitical tensions, a weakening US dollar, and net purchases of gold by global central banks - particularly emerging market central banks in Asia.

But can gold prices continue even higher from here? And if so, which ASX-listed players are likely to benefit?

To find out, Livewire has handed over the reins to our friends in Perth, Money of Mine, for their specialist knowledge of the resources sector.

Host Matt Michael sits down with two Perth-based fund managers with their ears to the ground on all things resources stocks - Perennial's Sam Berridge and Argonaut's David Franklyn.

In this episode, they analyse the lay of the land when it comes to gold, their preferred exposures in terms of established players versus juniors for greater gold price leverage, and share the stocks they would be selling despite the stellar run in prices.

Note: This episode was recorded on Thursday 19 September 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/buy-hold-sell-gold-soars-to-new-highs-but-fundies-are-selling-these-2-stocks/