For investors, gold stocks are almost always a safe bet. The demand for gold never ceases and so the gold never really loses its value, it only increases in value, particularly when other investors are scrambling to buy it. Generally, gold-oriented mutual funds and EFTs are the safest way to invest in gold but it’s a good idea to be aware of the options out there. When it comes to investing in gold, you have your option of investing in physical gold, but the stocks tend to have their own advantages. If you are interested in gold stocks but aren’t sure they are the right option for you, read on to learn more.
By investing in physical gold, you are directly purchasing gold coins or gold bars, which means you have to store those things and keep them safe. With gold mining stocks, you get a share of a company that is mining for gold. With gold exchange-traded funds, you are investing in a variety of gold mining companies, providing you with a diverse portfolio that will help you minimize risk by spreading it out to different properties.
One of the best gold stocks to buy in 2022 is the Gold Fields Limited (NYSE:GFI). Gold Fields Limited is one of the largest gold mining firms in the world. Headquartered in Johannesburg, South Africa, the firm was formed back in 1887. In 1998, the company merged with Gencor Limited. As of the year 2019, Gold Field was the eight largest producer of gold in the world. Mines are owned and operated in South Africa, Peru, Ghana and Australia. The company’s stock has been doing exceedingly well, last year giving investors earnings of $0.49 per share. Revenue over the first half of the year was close to $2 Billion.
Royal Gold Inc. (NASDAQ:RGLD) is another one of the biggest gold stocks to buy in 2022. The company was only founded in 1981 but the company owns a large portfolio of producing, development, evaluation and exploration stage streams, as well as royalties on properties in various gold mining regions. As a streaming and royalty company, Royal Gold has fewer operational and capital cost risks than mine operators. In 2021, Royal Gold Inc. reported a $340.8 million during fiscal 2020, $498.8 million in revenue, and earnings per share of $3.04.
The Kinross Gold Corporation (NYSE:KGC) is a Canadian-based gold and silver mining corporation that was founded in 1993. It is headquartered in Toronto, the company operates seven gold mines. Mines are located iun the United States, Russia, Ghana, Mauritania, and Brazil. As one of the top gold-mining companies in the world, it has had an impressive dividend history with a forward yield of 1.92% reported in July 2021. Currently, it’s a company that seems to exceed market predictions, whereby in the second quarter of 2021 it beat earning predictions by $0.01.
If you are looking to invest in gold, you don’t have to wait. The time to start investing and earning is now. Gold is a precious metal that will always have a demand, making it a fairly safe bet. Speak to your financial advisor about gold stocks today to learn more.