Topic: How To Invest

What is Pat’s commentary for the week of August 7, 2024

Article Excerpt

We believe that virtually all investors should have some gold exposure, if only because inflation remains a risk for the long term. High-quality gold producers are your most practical choice. That’s because these stocks let you profit from increases in the price of gold, without the costs for storage and insurance that come with gold coin and bullion investment. The best gold mining stocks also pay you dividends, which tend to rise along with gold prices and production. Our top gold pick for investors is Newmont. Most of the company’s mines are in politically stable countries such as the U.S. and Australia, which cuts your risk. Newmont also acquired rival producer Newcrest last year, which lets it expand its production of other metals like copper. It also reduces its reliance on gold. While big acquisitions make us wary, Newmont has a strong history of absorbing new mining outfits and cutting their operating costs. I asked our Successful Investor research department to draw up…