The value of your money is always decreasing, no matter which bank you try to keep it safe in. Most modern economies are no longer trying to bolster the buying power of their own currencies, but rather artificially driving down their currencies in response to mounting international debt. This should be really concerning to anyone who is trying to plan for future purchases or retirement.
Luckily, precious metals pretty much only grow in value and the king of these is gold. Investing in gold stocks is one o the best ways to protect the value of your money.
If you want to find out what are the best gold stocks to buy, then this blog is for you.
The 3 Best Gold Stocks to Buy
Before we get into it, we do need to clarify that investing in gold stocks is different from investing in physical gold. Gold stocks are shares in gold mining and trading companies, and there are a few things to know about the precious metals industry before choosing the kind of investment you wish to make.
Gold stocks, for instance, are incredibly safe investments but still subject to corporate governance risks. Physical gold is risk-free in the sense that no fraud or corruption can affect its value, but it can be stolen (if you keep it in your own safe).
- Barrick Gold Corp
Barrick Gold stocks of the most popular gold market investments listed on the New York Stock Exchange. They are one of the largest producers of gold, with six mines that are projected to operate for longer than 10 years. They are also known for regularly distributing dividends to investors.
An average of 14.5 million of their stocks are traded in a given year, so you will always find a buyer when it’s time to sell. The Barrick Gold stock item is perfect for short and long-term investment.
- Newmont Corp
Newmont is the largest producer of gold in the world but comes in second on the list because investors like to overhaul stock belonging to the biggest companies. With 22 mines in operation, Newmont stock is also a safe long-term investment. What makes this even more attractive is that they too pay attractive dividends.
- AngloGold Ashanti Ltd.
AngloGold Ashanti is the largest gold producer in Africa and has stock prices and benefits comparable to popular North American stock. What makes AngloGold stand out at this point in time is that they’ve shown a 153% increase in Earnings Per Share in 2022.
A high growth rate makes for a great short-term investment. Although since they also distribute dividends comparable to Barrick and Newmont, maybe you want to hold on to this stock for longer.
Improve Your Investment Portfolio Today
Why wait for inflation to drop your hard-earned money’s value to next to zero? Finding out the best gold stocks to buy is only the first step. Read more of our finance articles and learn about everything from managing your money to understanding cryptocurrencies.
