Topic: How To Invest

What is Pat’s commentary for the week of May 24, 2023

Article Excerpt

We feel virtually all investors should have some gold exposure, if only because inflation remains a risk for the long term. High-quality gold producers provide your most practical choice. That’s because these stocks let you profit from increases in the price of gold, without the costs for storage and insurance that come with gold coin and bullion investment. The best gold mining stocks also pay you dividends which will rise along with rising gold prices and increases in their gold production. Our top gold pick for investors is Newmont. Most of the company’s mines are in politically stable countries such as the U.S. and Australia, which cuts your risk. Newmont has now agreed to buy rival producer Newcrest, which would expand its production of other metals like copper. It would also reduce its reliance on gold. While big acquisitions make us wary, Newmont has a strong history of absorbing new operations and cutting their operating costs. I asked our Successful Investor research department…