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Gold Fields Limited is an African based gold company that due to global inflation seems like a good safe bet especially since this African company has been acquiring plants in other emerging markets.
Despite the fall in the value of gold, the stock of this GFI has increased recently. There are several potential reasons for this, such as an ongoing deal to acquire Yamana Gold, a Canadian company, in the next month. Similarly, a previously unproductive mine, Mapungubwe, is now starting to generate money. In the long run, their investment in solar power could reduce their carbon emissions, which could prevent liabilities from carbon regulations.
Based off of our portfolio, we would like to diversify our regions of investment and our sectors of investment while also seeing the high betas of other portfolio and the volatility of the market right now - we decided that investing in GFI which is the largest gold mining company in South Africa would satisfy all of those constraints. As the rand seems to be in an upwards trend right now using technical analysis on tradingview - we want to invest in South Africa. GFI making a large part of the JSE is a huge reason why the JSE has continued to grow in value over the past few months and we see no reason that it would stop. Furthermore, because gold is a high-luxury commodity, there shouldn't be significant volatility and risk in this investment.