Top Gold fund manager says these stocks will rise 200-300% faster than Gold
Mark Johnson, manager of the USAA Precious Metals and Minerals Fund - the number one precious metals mutual fund over the last 10 years - says gold stocks will gain 2% to 3% for every 1% move in gold. The fund has over 80% of its assets in mining stocks, a huge $1 billion bet on higher prices.
Its top five gold stock holdings are AngloGold Ashanti (AU), Randgold Resources Limited (GOLD), Newcrest Mining Limited, Goldcorp Inc. (GG), and Yamana Gold Inc. (AUY).
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