Inflationary Concerns Could Send these Gold Stocks Higher


[ad]

Investors are headed back to the safe havens of gold.

All thanks to inflation.

Consumer prices jumped 5.4% in June – the biggest monthly gain in about 13 years. Excluding food and energy, core inflation jumped 4.5% – the biggest move since 1991.

“Inflation has been escalating due to a number of factors, including supply chain bottlenecks, extraordinarily high demand as the pandemic eases, and year-over-year comparisons to a time when the economy was struggling to reopen in the early months of the crisis,” reported CNBC.

So, it may be a good idea to push back into gold.


[ad]

After all, “Inflation is a significant risk facing investors, which is why now might be the best time to turn to safe-haven assets such as gold, said Adam Trexler, founder and president of Valaurum, as quoted by Kitco. “The best time to buy gold is before a crisis. This is now a really good time for people to be stocking up, as it were. Because in the event of widespread inflation, we think the gold price will go up much more.”

Little wonder there’s such strong interest in gold stocks, such as:

  • Kirkland Lake Gold Ltd. (KL)
  • Barrick Gold Corp. (GOLD)
  • Newmont Corporation (NEM)
  • Global X Gold Explorers ETF (GOEX)
  • VanEck Vectors Gold Miners ETF (GDX)

Previous

Next