These two precious-metal ETFs are solid

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 part because of gold’s appeal as a “safe harbour” in uncertain times. 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 $1,804 as pandemic fears have lessened. Still, for many investors, gold and silver will continue to represent that safe harbour in turbulent times. We also expect gold- and silver-loving markets in Asia and elsewhere to rebound after the pandemic. 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…

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