Recognizing the high quality of international gold knowledge and global investing pedigree that is available, this week’s profile has turned its focus to the British based BlackRock World Gold Fund (MUTF:BWGAX). Since its inception date of December of 1994, the fund has achieved numerous awards globally for its performance.
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Tocqueville Asset Management (and its founding principals) have been managing private wealth for more than 30 years, and investors of the Tocqueville Gold Fund (MUTF:TGLDX) have benefited from strong returns from the current portfolio manager who has been occupied with the fund’s stewardship since its inception in 1998.
Relative to the total return of funds within its category, Oppenheimer Gold is top quartile in the US, from the Lipper ranking over 1, 3, and 5 years; and finished in the ultra elite second percentile among Morningstar Specialty-Precious Metal fund over a one year period.
Nevada is ranked as the fourth largest producer of gold in the world. The state produces approximately 79 percent of all the gold mined in the United States, totaling 175 tonnes in 2009.
About 60 percent of Australia’s gold resources are located in Western Australia, with the remainder in all other States and the Northern Territory. According to USGS estimates, Australia hosts approximately 11 percent of the world’s economic gold resources and is ranked second after South Africa.
Ghana is Africa’s second biggest producer of gold, and hosts more estimated reserves than such prolific gold producing nations as Peru and Papua New Guinea. Last year, production rose more than 12 percent, with output at the country’s two biggest mines increasing.
Global gold mine production has increased by 3 percent over the third quarter of this year. This top 10 list of gold mining companies showcases the global rise in gold.
Indonesia’s total estimated gold reserves are approximately equivalent with those of the United States; however, last year Indonesia produced less than half the total of gold compared with the United States. For investors with a more risk tolerant profile, this divergence might suggest a potential for undervalued regional gold opportunities.