From Chris Mayer, Chief Analyst, Bonner & Partners:
People often ask me for my favorite gold stock.
That’s easy. It’s not even close! In fact, this stock should be a core holding for anyone who wants some exposure to the yellow metal.
On Wednesday, I was at Grant’s Spring Investment Conference in Manhattan. It’s a semi-annual gathering of gold bugs and bearishly-inclined investors.
One of the speakers was Pierre Lassonde, the chairman and co-founder of Franco-Nevada (FNV), a gold royalty business. The title of his talk was “Gold: The Investment You Never Knew.” It was a standard pitch on gold. With a predictable conclusion: Lassonde is bullish on the metal.
But he was silent about the elephant in the room… the attractiveness of Franco-Nevada itself.
Lassonde, 68, is a legendary character in gold circles, thanks to the freakishly high performance of Franco-Nevada’s stock.
From its inception in 1982 to its…