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As World and Stock Markets Remain Very Dangerous, 4 Top Gold Stocks to Buy Now

johnNjohnN
in Fund Discussions
https://247wallst.com/commodities-metals/2019/01/24/as-world-and-stock-markets-remain-very-dangerous-4-top-gold-stocks-to-buy-now/


By Lee Jackson January 24, 2019 8:25 am EST
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Very quietly, gold and the gold miners consistently have pushed higher. Though naysayers constantly bemoan the fact that the precious metal offers no earnings potential, it does offer a safe store of value and always has.

The SPDR Gold Shares ETF (NYSE: GLD) is up over 7% over the past four months, after being hammered for almost half of last year. For sure the massive fourth-quarter sell-off sparked some of the buying, but a cauldron of political issues at home, combined with trade conflicts and geopolitical hot-spots abroad, have kept investors nervous, and with good reason.

Comments

  • MikeMMikeM
    Gold did well in December when stocks were plummeting, but the trend up has paused in January as stocks have reclaimed some of their loss. I bought a little IAU in Dec and a little more at the start of Jan. I expect a rocky 2019 political road so I'm still thinking it isn't a bad place to build a hedge, fwiw.
  • hank
    edited January 2019
    MikeM said:

    I expect a rocky 2019 political road ...

    You mean it’s going to get even rockier than this?

    R/F - “Before I built a wall ...”
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