Forget Gold: Your Money Is Better Off in These 3 Stocks

In general, investing in gold is supposed to be a great way to hedge against uncertainty, since precious metals often go up in value when the market falls. Many investors also buy gold because they think it will go up more than stocks. And in short periods of time, both of these things can prove to be true. 

But there's a big catch: It has been nearly impossible to predict what stocks or gold will do in the short term. There are far too many unknowable things that can affect the market for both, making it little better than a coin flip for most people. On the other hand, there's a lot of history that supports stocks as being far better investments than gold. Don't believe me? The S&P 500 has outperformed gold in total returns over the past one-, three-, five-, and 10-year periods. 

For this reason (among others), three of The Motley Fool's top investing contributors think you're better off investing in Wheaton Precious Metals Corp. (NYSE: WPM), Waste Management, Inc. (NYSE: WM), and Brookfield Infrastructure Partners L.P. (NYSE: BIP). These three companies have proved to be far better investments than gold in the past, while also offering the stability that gold investors often look for in times of uncertainty. Keep reading for details that can help you decide where your investing dollars should go instead of gold. 

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Source: Fool.com