Gold has special appeal for a lot of investors. That’s because gold is different from other commodities, due to its scarcity, its special physical characteristics like freedom from tarnishing and malleability (the ability of a metal to be hammered into thin sheets), its unique suitability for use as a medium of exchange, and its place in the world’s financial history.
But that specialness doesn’t make gold an attractive investment. In fact, we think it detracts from gold’s investment appeal. Because of the strong attachment that gold enthusiasts feel to the metal, they typically bid up the price of gold-producing stocks out of proportion to the profits those mines are likely to produce.
If you do want to invest in gold, we recommend that you do it through gold-mining stocks. Unlike gold bullion, which comes with a continuing cash drain for management, insurance and so on, gold stocks at least have the potential to generate income. They can also build new mines and raised their production, even if gold goes sideways for a lengthy period.
But keep in mind that no matter how appealing they look, you should limit gold stocks to a modest part of your portfolio. The best way to boost your long-term investment results is to follow TSI Network and use our three-part Successful Investor strategy:
Discover how to make the most of your copper investments in this free special report, Gold Mining: How to Choose the Best Stocks and ETFs to Profit from the Reconstruction of Japan, from TSI Network
NEWMONT CORP., $41.41, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 1.1 billion; Market cap: $47.3 billion; TSINetwork Rating: Average; Dividend yield: 2.4%; www.newmont.com) continues to make progress with its plan to sell six of its… Read More
WABTEC CORPORATION, $200.62, symbol WAB on New York, provides equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as mining, marine and industrial markets.
Wabtec is short for Westinghouse Air Brake Technologies. The company has operated in the rail… Read More
A: G Mining Ventures Corp., $10.43, symbol GMIN on Toronto (Shares outstanding: 221.9 million; Market cap: $2.3 billion; Resources & Commodities sector; TSINetwork Rating: Speculative; No dividends paid; www.gmin.gold), acquires development-stage gold projects and then works to commercialize them. It hopes to become an intermediate… Read More
WALMART INC., $90.44, New York symbol WMT, is a buy.
The company is the world’s biggest retailer, with over 10,660 outlets in 19 countries.
Walmart continues to benefit as inflation draws more shoppers to its value-focused stores, particularly for groceries and health products. It’s also profiting from… Read More
Like most silver stocks, Hecla Mining is heavily influenced by silver prices. But we think the direction of silver prices—and for Hecla shares—is upward. Meanwhile, the company has made a good addition to its board of director.
HECLA MINING, $5.62, is a buy. This silver and gold miner… Read More
Investing in copper stocks works best for you when the focus is on well-established mining companies with high-quality reserves and sound finances
To succeed while investing in copper stocks, we continue to recommend that you cut your risk in the often-volatile resource sector—including copper—by investing mainly… Read More
How to identify the top copper mining stocks—and how to best to fit them into your portfolio
Stocks of firms that produce oil and base metals, including copper, generally have higher dividend yields than, say, gold stocks. As well, they’re usually much cheaper than gold stocks… Read More
A: Omai Gold Mines Corp., $0.16, symbol OMG on TSX Venture (Shares outstanding: 497.9 million; Market cap: $79.7 million; www.omaigoldmines.com), owns 100% of the past producing Omai gold mine in Guyana. The company currently does not generate revenue from the mine.
The history of the Omai… Read More
LOBLAW COMPANIES, $183.77, is a buy. The retailer (Toronto symbol L; Shares outstanding: 303.8 million; Market cap: $55.8 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.loblaw.ca) company operates 1,106 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
The company is now building a.. Read More
Most precious-metal stocks dropped, along with the market, in March 2020. They then quickly reversed that trend to soar for investors, in part because of gold’s appeal as a “safe harbour” in times of economic uncertainty. In fact, in August 2020, gold jumped to over… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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