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

 

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