Billionaire George Soros's Top 3 Canadian Stock Picks | The Motley Fool Canada: "3. Franco-Nevada Corporation
What is Soros’s biggest fear? Inflation. Over the past couple of years, he has expressed a distinct preference for hard assets like precious metals.
Large, developed economies like the United States are in a no-way-out situation. They have taken on incredible debts and run up massive unfunded liabilities. The only way to pay for these expenses is by printing more money.
That’s probably why Soros has built huge positions in streaming metal companies such as Franco-Nevada Corporation (TSX: FNV)(NYSE: FNV). His thesis is simple: gold is real money. During times of inflation, businesses like Franco-Nevada are leveraged bets on rising prices."
'via Blog this'
No comments:
Post a Comment