Billionaires have certainly taken notice. They are dumping massive amounts of money into gold right now and seeing huge returns. They are now ahead of a game that has seen prices rise almost 14 percent this year—even with the recent correction.
Take George Soros, for instance, who recently invested $475 million into Barrick Gold, which has since doubled in value.
Well-known Canadian mining philanthropist-investor Frank Giustra also appears to be excited about the recovery of gold, buying close to 13 percent of a high-potential junior miner,Sandspring Resources, which is advancing a major gold prospect in Guyana.
But the best part for the savvy investor is that everyone catches on first to the major miners, while the juniors stay off the radar, which means that while gold prices surge, there is a short window of opportunity when the juniors are selling cheap. Even so, many of them have seen their stocks double since early this year.
What happens with juniors is that they do all the heavy lifting, and then the majors swoop in with the big money once a new discovery is ready to be mined.
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