3 Gold Stocks to Buy Right Now
Investors in gold are among the few who possibly aren’t feeling the pinch of the coronavirus market sell-off. Gold prices have surged in recent weeks, proving yet again that the yellow metal remains a preferred safe-haven asset that investors flock to during a global economic crisis like the present one.
With uncertainty around the COVID-19 pandemic showing no signs of abatement and gold prices holding up strong, here are three compelling gold stocks you’ll want to consider buying now for the long haul.
Forget gold miners and buy this gem instead
Franco-Nevada (NYSE:FNV) is not a gold mining company but is still one of the best gold stocks to buy, simply because its business structure gives you exposure to gold sans the risks involved with a gold mining stock.
As a gold streaming and royalty company, Franco-Nevada buys the yellow metal from third-party miners at pre-determined percentages in exchange for funding them up front. There are two major advantages of such an arrangement: Franco-Nevada doesn’t have to bear costs and risks associated with the business of mining, and it gets to procure gold at rates much below spot prices.
The last point, in particular, means… Continue reading at The Motley Fool