Precious metals offer you a bright future

Article Excerpt

Most precious-metal stocks dropped, along with stock markets, in March 2020. They then quickly reversed that trend to soar for investors. In fact, In August 2020, gold jumped to over $2,000 U.S. an ounce for the first time ever. Gold stocks also jumped. Gold prices have since drifted down to $1,711 as investor fears about many things have lessened. That includes stock market volatility because of COVID-19 and the economic outlook. Still, for many investors, gold and silver will continue to represent a “safe harbour” in turbulent times. We also expect gold- and silver-loving markets in Asia and other emerging markets to rebound after the coronavirus. That should spur gold and silver purchases, taking precious-metal stocks even higher. What’s more, if inflation rises over the next few years—driven by the trillions of dollar that governments have spent to counter the impact of COVID-19—these stocks will attract even more interest. We think top gold and silver stocks have much more growth to offer savvy investors…