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
A: Allied Gold Corp., $3.79, symbol AAUC on Toronto (Shares outstanding: 250.7 million; Market cap: $985.4 million; www.alliedgold.com), is a Canadian-based gold producer with three operating mines, a significant gold development project and exploration properties throughout Africa.
The company’s principal properties are the Sadiola gold mine… Read More
Here’s a stock tip: Successful investing in mining stocks, especially jr mining stocks, can be hard, especially in 2024 given volatile commodity prices. Still, the following 20 tips should help guide you to top miners regardless
When investing in mining stocks, you’ll find that they can… Read More
Graphene stocks could boom with many commercial, military, electric vehicle, and aerospace growth opportunities
Graphite is one of two naturally occurring crystalline forms of carbon (the other is diamond). Graphene stocks include companies that own graphite mines ( including Northern Graphite below, which we looked at… Read More
Tax shelters in Canada that can help you save money when you use them correctly
Tax shelters in Canada aim to reduce or eliminate your tax liability and protect your gains on quality stocks to buy. As such, we at TSI Network have always advised investors… Read More
TWILIO INC., $60.08, symbol TWLO on Nasdaq, is a buy. The company offers a key service to software developers who create mobile apps. Specifically, its own software is used to connect apps to essential functions elsewhere on a device, including dealing with phone calls and… Read More
A: Hudbay Minerals Inc., $9.63, symbol HBM on Toronto (Shares outstanding: 497.8 million; Market cap: $3.3 billion; www.hudbayminerals.com), is a Canadian mining company with properties in the U.S. and Peru as well as Canada. It mines and sells copper (62% of revenue), gold (27%), molybdenum… Read More
J.P. MORGAN CHASE & CO., $200.30, New York symbol JPM, is a buy.
Morgan is the largest banking firm in the U.S., with total assets of $3.89 trillion as of December 31, 2023.
With the April 2024 payment, Morgan will increase your quarterly dividend by 9.5%, to $1.15… Read More
GARMIN LTD., $148.87, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.
As part of its marketing efforts, Garmin forms a Marine Team of professional anglers each year. The team of nearly 80… Read More
A major strategic acquisition has led to Newmont’s 6.7% increase in gold production in the most recent quarter.
Now the company plans to sell six of its less-important mines and focus on its 10 top-tier mines in North America, South America, Australia, Papua New Guinea, and… Read More
Graphite mining stocks could show strong returns if demand for graphite keeps expanding.
Graphite mining is one speculative way for investors to diversify their mining portfolios.
A growing number of investors are interested in graphite because it is used in the lithium-ion batteries that power electric cars… 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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