Gold Still Bullish – Global Investors, Inc. (NASDAQ:GROW) Affirms Quarterly Dividends

Gold has struggled to bounce back after plunging below the $2,000 an ounce level. The selloff has gathered pace in recent weeks with the precious metal dipping below the $1900 mark on the dollar strengthening across the board. Amid the selloff, a number of experts believe the precious metal has what it takes to bounce back and go higher past its record high.

Gold Outlook

According to the experts, skyrocketing government spending needed to calm the markets and revitalize slowing economy growth are some of the policies supporting higher gold prices. Depressed bond yields, inflation fears, and the growing risk of the COVID-19 pandemic are other factors likely to drive gold prices higher.

Despite the recent pullback, gold is still one of the best performing mainstream assets after rallying by more than 30%. Companies are rushing against speed to take advantage of the high gold prices. GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) (PROFILE) has already entered into agreements to acquire seven high prospective gold projects. Gold FIelds Limited (NYSE:GFI), on its part, has inked an $860 million agreement that paves the way for it to process its recently discovered 5 million ounces at the Salares Norte.

Even as companies continue to bet big on highly prospective gold projects, investors are also looking for the right places to invest. Billionaire investor Warren Buffett has already taken a stake in Barrick Gold via Berkshire Hathaway, affirming bullish sentiments around the precious metal.

U.S Global Investors Affirms Dividends

Separately, U.S. Global Investors, Inc. (NASDAQ:GROW) has confirmed it will continue its monthly dividend program for the second quarter. The company has forked out dividend payments since June 2007. The investment firm has since approved a $0.0025 per share per month dividend beginning October, representing a 1.1% annualized dividend yield.

In addition to dividends, the company has achieved significant milestones key among them being the company’s airlines ETF and JETs breaking above $1 billion. It’s U.S Global Go Gold and Precious Metal Miner has also surpassed the $100 million milestones in net assets.

By reading our website you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook or chat. We do not advise any reader to take any specific action. Our releases are for informational and educational purposes only. Never invest purely based on our articles. Gains mentioned on our website, twitter, Facebook, and on our website may be based on EOD or intraday data. We may be compensated for the production, release, and awareness of this article. We will disclose any and all compensation on the article page. This publication and its owner never hold positions in the securities mentioned in our articles. Our information may contain Forward-Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site. The information in our disclaimers is subject to change at any time without notice. We are not held liable or responsible for the information in press releases issued by the companies discussed in these write-ups. Please do your own due diligence