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Dear Fellow Investor,
With investors racing to the safe-haven of gold, the metal hit an all-time high of $2,830.49 and could easily test $3,000.
All after President Trump signed off on tariffs on Canada, China and Mexico (put on hold), which raises concerns of inflation. Plus, central banks are still accumulating gold at a record pace over the last few years.
Even global uncertainty and chaos is forcing gold higher. Remember, there are still ongoing tensions in the Middle East. Russia and Ukraine are still at war. And China-Taiwan relations are still tense. Those are the key catalysts for $3,000+ gold and for related gold stocks.
We also have to consider that if the trade war intensifies, and if inflation pushes higher, gold prices will rally well above $3,000 with investors racing to safe havens. “We haven’t seen a complete response from gold and if this trade war continues for a considerable period, it could lead to significantly higher gold prices down the road,” said Bart Melek, head of commodity strategies at TD Securities, as quoted by CNBC.
Companies: Barrick Gold (SYM: GOLD) and Newmont (SYM: NEM)
Some of the best ways to trade gold is with stocks like Barrick Gold (SYM: GOLD) and Newmont (SYM: NEM). Or, if you want broad exposure to gold, keep reading for the best Gold ETFs to pick up right now...
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ETF: VanEck Vectors Gold Miners ETF (SYM: GDX)
One of the best ways to diversify at less cost is with an ETF, such as the VanEck Vectors Gold Miners ETF (SYM: GDX). Not only can you gain access to some of the biggest gold stocks in the world, you can do so at less cost.
With an expense ratio of 0.51%, the ETF holds positions in Newmont Corp., Barrick Gold, Franco-Nevada, Agnico Eagle Mines, Gold Fields, and Wheaton Precious Metals to name a few.
Even better, shares of mining stocks often outperform the price of gold. That’s because higher gold prices can result in increased profit margins and free cash flow for gold miners. In addition, top gold miners often have limited exposure to riskier mining projects.
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ETF: Sprott Junior Gold Miners ETF (SYM: SGDJ)
With an expense ratio of 0.35%, the SGDJ ETF seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index. The Index aims to track the performance of small-cap gold companies whose stocks are listed on regulated exchanges.
Some of its top holdings include Lundin Gold Inc., Seabridge Gold, Equinox Gold, Victoria Gold, Westgold Resources, Osisko Mining, K92 Mining Inc., Novagold Resources, Regis Resources, New Gold Inc., Sabina Gold & Silver, Argonaut Gold, Centerra Gold, Coeur Mining, Skeena Resources, and K92 Mining to name a few.
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Have you been buying gold or gold stocks as the precious metal hits new all time highs? Are there any other precious metal stocks you've got your eye on right now? Hit "reply" to this email and let us know!
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