Gold Stocks

Should you explore these 3 TSX gold stocks?

 Should you explore these 3 TSX gold stocks?

Exploring three TSX gold stocks-ABX, WPM, and FNV

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First Quantum (TSX:FM) & Barrick Gold (TSX:ABX): 2 Trending Gold Stocks

First Quantum (TSX:FM) & Barrick Gold (TSX:ABX): 2 Trending Gold Stocks

With cryptocurrency Bitcoin registering high demand at the moment, some experts have commented that gold may soon lose its glitter in comparison. Others, however, argue that the precious metal will continue to have its own value as a safe h ...

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Barrick (TSX:ABX) & BTGold (TSX:BTO): 2 Dividend-Paying Gold Stocks

Barrick (TSX:ABX) & BTGold (TSX:BTO): 2 Dividend-Paying Gold Stocks

Gold prices saw a remarkable rally in 2020. The precious metal attained its peak point of US$ 2000 in July and maintained it during the month of August. After the COVID-19 led market meltdown, investors treated gold as their last resort, gu ...

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Gold Hits 2-Month High As Dollar Slackens, Bitcoin Rally Loses Steam By 3%

Gold Hits 2-Month High As Dollar Slackens, Bitcoin Rally Loses Steam By 3%

Summary Gold touched its highest point in about two months on Monday, January 4, crossing the US$ 1,946 an ounce mark. Monday’s advance was reportedly the biggest yearly jump gold saw in the last 10 years. Bitcoin Canadian Dollar ...

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How is the Gold Market Unfolding for ASX-listed Gold Stocks in 2021?

How is the Gold Market Unfolding for ASX-listed Gold Stocks in 2021?

Gold has been one of the top-performing commodities of the year 2020 with prices of spot climbing to a record high of USD 2,073.41 per ounce in August 2020 over panic in the market and plunging interest rates across the globe. Image Sour ...

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9 TSX Gold Stocks That Glittered In 2020

9 TSX Gold Stocks That Glittered In 2020

Gold became the ultimate safe haven amid the COVID-19 outbreak and volatile market condition of 2020. Investors started adding gold to their portfolio after the pandemic-led market meltdown that guided the yellow metal to hit an all-time hi ...

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OceanaGold (TSX: OGC), A Rising Yellow Metal Stock

OceanaGold (TSX: OGC), A Rising Yellow Metal Stock

Summary OceanaGold stocks have swelled over 38 per cent in the last one month, guided by the gold price rally. The yellow metal scrips have actively traded across the market (TSX & TSXV) with a 10-day average volume of 3.26 million ...

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2 Penny Gold Stocks: GT Gold (TSXV: GTT) & Avino (TSX: ASM)

2 Penny Gold Stocks: GT Gold (TSXV: GTT) & Avino (TSX: ASM)

Summary GT Gold stocks have jumped almost 85 per cent year-to-date (YTD). The company made it to TMX’s top metal stocks. Avion stocks have swelled nearly 79 per cent YTD. The stock holds a present price-to-cashflow (P/CF) ratio of ...

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Are Gold Prices Heading For A Crash?

Are Gold Prices Heading For A Crash?

Summary Gold prices have been on a slow decline as soon as the news of positive development on vaccine front emerged. Worldwide economic slump and the gold’s value as a safe asset had led to the rise in its prices. Gold prices ar ...

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Barrick, Newmont, & B2Gold: 3 Gold Stocks On Investors' Radar

Barrick, Newmont, & B2Gold: 3 Gold Stocks On Investors' Radar

Summary Barrick stocks deliver a positive return on equity (ROE) of 13.76 per cent Barrick scrips’ 10-day average trading volume is 5.61 million units. Newmont announced a quarterly cash dividend of US$0.40 per stock for the thir ...

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Why Are Gold & Silver Prices Tumbling Worldwide?

Why Are Gold & Silver Prices Tumbling Worldwide?

Summary New Covid-19 vaccine hopes from Pfizer sent gold and silver prices crashing. The gold futures dropped by over 5 per cent to US$1,854.40 and silver futures slid by 9.03 per cent to US$23.701. Investors are pulling out money from ...

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Frequently Asked Questions

There cannot be a single best way to invest in gold. Had there been one, all investors would have rushed there leaving the alternatives redundant. That aside, the preferred way to invest in gold may be to be fully aware of the potential benefits and risks of the method you opt for. For example, if you want physical gold coins or bars, what are the upsides and downsides, where to get them from, and how to best store them. If you want to instead go for ETFs that track the price of gold, how have they performed so far and what is the outlook?

In 2022, there may be multiple interest rate hikes by the Bank of Canada and other central banks, the most dominant perhaps being the US Federal Reserve. Separately, the geopolitical disturbance in Eastern Europe and a possible resurgence of the pandemic -- both of which may adversely impact economic growth -- may lead to investors chasing safe assets like gold. In such a scene, gold stocks might benefit. However, a lot would also depend on the fundamentals of the company. For example, what were its financial results in the past years and the quantum of tentative reserves it holds in the region/s where it mines gold?

Similar to how there can be no best way to invest in gold, there cannot arguably be a cheapest way to buy gold. Neighborhood shops may advertise that they offer the best price for gold coins and bars, but it is always advisable to be cautious when purchasing physical gold. Ask about the purity and the accreditations like BBB that the seller holds. Another alternative may be to invest in gold stocks that may be trading for a few dollars on the TSX or other exchanges.

Gold has remained an investment choice of many from time immemorial. But not everyone may want to invest in gold at a time when other investment options like shares, retirement funds and term deposits with banks are available. Not all these options have fixed returns. For example, shares of companies may lose value, but even investments in gold are prone to downside risks. Before making any decision, being aware of the potential benefits and risks of all available investment options is a good idea.

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