Laurence Roulston Says Now Is Good Time To Buy Gold Stocks

In a wide-ranging interview, covering several advanced-stage exploration companies, Lawrence Roulston says that now is a good time to buy gold stocks because of the recent correction.

There is tremendous upside in the gold market. If an investor is hoping to profit by day trading bullion or gold stocks I m not really the person to help in that regard. I believe there is enormous strength in the market for investors who are looking at the bigger long term picture. The paper currencies in the world are on a downward path. There has been evidence of that for a decade and there is evidence that it is most likely going to continue. For example investors in Europe are becoming nervous about the euro and they re turning to gold. I believe that trend was a major component in the increase of the gold price last year. I believe that trend will continue over the long term as concerns about the euro and other currencies spread to other parts of the world. Gold is becoming more important now as a hard asset to protect value in the long term.

As for exploration companies, he prefers what he calls "a new play in an old camp." He also has a fondness for prospect generators. An example of a new play would be Millrock Resources, which he says has a team with lots of experience in Alaska. Millrock is also a prospect generator, which has inked a deal with Brixton Minerals for its Cristo gold project in that same Alaska.

Roulston also highlights Sandspring Resources, which has a 6 million oz deposit in Guyana. He believes it's undervalued relative to its peers because of exaggerated perceptions of political risk. Although there were expropriation of the aluminum industry in the 1980s and '90s, Raulston believes that any further expropriations won't happen. The new Prime Minister, Sam Hinds, worked for a mining company at the start of his career.