Global recovery ushers in new opportunities

Most Canadian investors focus on stocks traded in this country and the U.S. That “home country bias” reflects their preference for familiar company names, but also the regulatory protections of Canadian and U.S. stock markets. However, we continue to recommend foreign holdings of as much… Read More

Q: Pat: I have around 20 ounces of gold in gold bars that my late father gave me. However, I am not keen on holding physical gold as I need to keep it in a costly safety deposit box. Also, it does not produce any revenue, and selling it can be complicated. Are there any solid dividend paying gold/mining companies that you would recommend as a replacement that would rise in value if the price of gold goes up? Thank you.

A: Our favourite stock for conservative investors who want to own a gold stock is Wall Street Stock Forecaster recommendation Newmont Mining, $37.88, symbol NEM on New York (Shares outstanding: 533.3 million; Market cap: $20.4 billion; www.newmont.com).

Newmont is poised to take over as the world’s… Read More