Keep ASX gold stocks in your portfolio, we see a massive M&A boom ahead!

Marc Kennis Marc Kennis, March 15, 2024

ASX gold stocks should be in focus right now!

Our own Stuart Roberts identifies the ongoing merit of investing in gold, seeing it as an effective insurance policy against global instability. Stuart suggests setting aside about 10% of your assets in ASX gold stocks. However, he recognises a generational shift towards investments in Bitcoin and other cryptocurrencies, particularly amongst investors under 30. This has resulted in a potential undervaluation of companies that produce gold, providing an opportunity for strong companies to emerge over the next few years.

 

Which ASX gold stocks are looking good right now?

Discussing ASX gold stocks, Stuart mentions a new gold mine in Western Australia, Bellevue Gold (ASX:BGL), which is estimated to operate with net zero carbon emissions by 2026. He also notes that big mining companies, such as Newmont (ASX:NEM) and Northern Star Resources (ASX:NST), are trading at a fraction of what they should be, a trend that also applies to numerous start-up companies. However, Stuart predicts a huge M&A boom in the sector, with these start-ups potentially being acquired by both Australian and foreign companies.

 

We also like uranium

Lastly, Stuart also comments on the prosperous future of battery minerals, due to the unstoppable move towards electrification. He shares his bullish view on uranium, highlighting worldwide moves towards nuclear power as part of net zero strategies. Despite recent pressure on uranium prices, Stuart foresees a potential climb given apparent shortages. He also predicts regulatory changes allowing uranium mining in Western Australia.

Also check out our recent articles on Bellevue Gold (ASX:BGL) and where the gold price is headed!

 

Watch the entire interview here!

ASX gold stocks

 

 

What are the Best ASX Gold Stocks to invest in right now?

Check our buy/sell tips

 

Blog Categories

Get Our Top 5 ASX Stocks for FY25

Recent Posts

car group

Car Group (ASX:CAR): Successful in Australia, but now going for global growth

For most of the listed life of Car Group (ASX:CAR), it has been known after carsales.com.au; its original car classifieds…

ASX 200 stocks with low PE multiples

Here are 6 ASX 200 stocks with low PE multiples – are they bargain buys?

Here are 6 ASX 200 stocks with low PE multiples   Helia (ASX:HLA): 5.7x for FY25 Helia is a mortgage…

AI Stocks

Top 3 AI Stocks to Invest in for Long-Term Growth

Artificial Intelligence is no longer a speculative technology of the future, it’s the defining driver of modern business. From predictive…