Gold is up 3.3% this year.
Gold, which can rise when investors expect inflation, has done well in 2019 a the Federal Reserve has decided to pause on lifting interest rates.
"Funds are probably under invested in Gold right now," Gold Fields Limited (GFI) CEO Nick Holland said.
"It's a good buy," he joked. But on a serious note, Holland mentioned Gold plays well for investors against inflation, which may creep up a bit as the Federal Reserve has laid off of interest rate hikes.
For Gold Fields specifically, the company doesn't plan on making acquisitions in the near-future as some of its peers have. For growth, it has invested in new projects that will feature "lower costs and higher production," Holland said. Plus, it hasn't used much debt for those investments, "so we're in good shape," Holland added.
There's also some political risk in South Africa where the government may regulate miners in the future. "We've diversified the company over the last twenty years from being almost exclusively South African to being 10% South African," Holland said.