5 Experts Share Best 2024 Tips for Resource Investors

Rick Rule, Brien Lundin, Gwen Preston, Jeff Clark and David Morgan share their best tips for resource investors in 2024.

2023 is nearly over, and the Investing News Network is looking forward to 2024.

To kick off the new year, I asked five experts to share their most important "dos and don'ts" for investors.

Read on to find out what they had to say.

1. Rick Rule: Get involved in the resource sector

Many of the people I've spoken to recently have emphasized the importance of simply being involved in the resource space right now, especially gold and silver. Of course, veteran investor and speculator Rick Rule of Rule Investment Media may have said it best: "If you believe in a bull market in precious metals and commodities ... start by investing."

2. Brien Lundin: Don't sell your mining stocks too soon

Brien Lundin of Gold Newsletter made a similar point, saying that we're staring down a "generational opportunity in junior mining stocks." In terms of what to avoid, he said now isn't the time to give up.

3. Gwen Preston: Get gold exposure now, wait on base metals

Gwen Preston of Resource Maven also commented on how crucial it is to have exposure to gold right now, but said she's exercising caution when it comes to base metals. In the energy sector she sees a lot more room for uranium to move.

4. Jeff Clark: Look for juniors with cash and catalysts

In terms of how to identify companies with potential, Jeff Clark of TheGoldAdvisor.com said he's looking for stocks with the two Cs: cash and catalysts. He also described a strategy he uses to weed out stocks in his portfolio that he may need to sell — "What if I told you that you had to cut your portfolio in half?" he said.

5. David Morgan: Own precious metals, but don't forget to diversify

Finally, silver guru David Morgan of the Morgan Report said that while precious metals are a key portfolio component, investors should remember to stay balanced — 10 percent is more than enough for most people.

Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.

And don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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Charlotte McLeod

Charlotte McLeod

Editorial Director

With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.

She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.

With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.

She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.

Learn about our editorial policies.