Two precious metal ETFs to buy now

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, gold recently jumped to over $2,000 U.S. an ounce for the first time ever. Gold stocks also jumped. The extra burst reflects investor fears about many things, including stock market volatility because of COVID-19 and the length and depth of the resulting economic slowdown. For many investors, gold and silver represents a “safe harbour” in turbulent times. That’s reflected in the sharp price jumps we continue to see for those precious metals. We expect gold and silver-loving markets in Asia and other emerging markets to rebound after the coronavirus. That should further 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 new interest. We think top gold and silver stocks have much…

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