Schultz directed the Muchmores to nine solid, albeit not cheap, mutual funds, such as FirstEagleGold Fund, which charges 1.41% of assets yearly and a maximum 5% upfront sales charge.
Groenewegen, along with Rachel Benepe of FirstEagle Investment management and Juan Carlos Artigas of the gold council, all sharing a panel on gold at the aforementioned conference, made a case for gold as a hedge, not only of inflation, but of risk.
Agnico-Eagle produced 254, 955 payable gold ounces in the first quarter compared to 252, 362 payable gold ounces produced during the same time last year.