Investing defensively? Gold has been on a run this year rising 50% from $1200 to $1800 per ounce. The rally is due to concerns around a prolonged recession and slowing global economy, the US-China trade war that keeps on going, an ultra low interest rate environment combined with too much free money being printed , and stockpiling of physical gold in recent years by the central banks of China, India and Russia.
People looking to gold consider it an insurance against economic disaster and protection against long term inflation. But as good of a defensive investment it can be, it’s worth mentioning that it is also vulnerable to risks. If any of the concerns I mentioned earlier start to reverse course or people desperately need to liquidate their gold for cash, then gold prices can decline just like it did back in 2013. But it’s often just another wait until the next disaster happens.
For stocks, it’s usually extremely difficult to pick the right gold company because it’s very expensive to operate mines, and more fail for a variety of reasons than do succeed, regardless of the gold price. But if a company has been doing well in the last 5 and 10 years, they might be onto something right and should be given a 2nd look. If picked correctly, gold stocks can increase much more than the price of gold if their profits are expected to grow faster. In this video, I show you the best Canadian gold investments this past decade and also compare it to physical gold and the Gold miner ETF.
Kirkland Lake Gold (KL.TO) 1:28
Franco-Nevada (FNV.TO) 3:17
Sandstorm Gold Royalties (SSL.TO) 4:53
B2Gold (BTO.TO) 5:57
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