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While gold prices are on a tear and breaking records on an almost a daily basis in the past few weeks, those mining the metal are, somehow, still being largely ignored by investors, says financial commentator and renowned gold bull Peter Schiff.
In a recent interview with Mining.com, the Euro Pacific chief economist pointed out that gold mining equities are barely in investors’ radars despite gold having recently reached the historic $3,000 milestone and is still going strong. “You’d assume they’re in the spotlight, but they’re in the darkness,” Schiff said, referring to the “cheap” values gold stocks are trading at.
“Investors don’t understand this rally, they don’t believe in this rally, and they’re not betting on it.” he added.
However, Schiff, a long-time stockbroker, believes that will eventually change, and “gold stocks will be much higher in price”…
