2 Gold Stocks You Can Buy and Hold for the Next Decade
Gold is generally considered a safe haven asset that investors run to in times of fear. Given that the stock market is near all-time highs despite a worldwide pandemic and increasing global debt levels, the safe haven nature of gold might sound pretty alluring right now. If it does, you'll want to look at this pair of unique gold stocks.
You can add gold to your portfolio by purchasing bullion. The problem is you have to store it safely, and the only potential upside comes from higher gold prices. You can get out from under the storage issue by acquiring an exchange traded fund that owns gold, but you still only benefit if gold prices go up.
Miners are another alternative, since they benefit from selling the gold they mine at higher prices when gold rallies and they can expand their businesses over time, providing an avenue for growth. The problem here is that there are fixed costs in mining, and when gold falls profitability can quickly vanish.
Source Fool.com
