We’ve all seen the headlines.
Another trade war could be around the corner.
The perfect time for investors to hedge.
And, like magic, gold prices are up: the gold index hit a six-year high on August 1.
Gold miners are having a stellar year. And even if things don’t turn south for the market, adding gold to your portfolio is a great way to diversify assets and hedge against potential downturns.
Here are five companies gold investors should consider:
#1 Barrick Corporation (NYSE: GOLD, TSX:ABX)
The Big Kahuna—Barrick is the world’s most profitable gold company, with five of the ten largest gold mines in the world.
In terms of sheer size, the mega-merger of Newmont and Goldcorp has Barrick beat. But don’t count this company out.
Barrick has risen 25% since June, on the back of rising gold prices and strong demand.
That jump means Barrick has grown 54% over the last year, blowing its competitors out of the water.
Gold-watchers pegged Barrick as the company to beat last June—thanks to a strong balance of revenue to debt and production ... Click here to view full article