2 Gold Stocks to Buy Right Now as Markets Crash
Gold stocks don't get much attention until the stock markets start looking shaky, and that's definitely the scene playing out there right now. A new COVID-19 variant dubbed omicron that's potentially more infectious has renewed fears of lockdowns worldwide, and this comes at a time when the U.S. is also struggling to control inflation. It's the perfect concoction to trigger a flight of money from stocks to safe-haven assets like gold, and the perfect opportunity for you to buy gold stocks right away. Here are two compelling ones to consider.
I have often written about the compelling prospects of Kirkland Lake Gold (NYSE: KL) over the past year or so, but with the gold miner now set to be part of Agnico Eagle Mines (NYSE: AEM), I can't help but redirect my focus on Agnico Eagle Mines and the assets it's about to acquire from Kirkland Lake Gold.
On Nov. 26, shareholders of both companies approved the merger of equals, putting it on track for completion in the first quarter of 2022. After the merger, Agnico Eagle, which will own 54% stake in the combined company, says it'll become "the gold industry's highest-quality senior producer, with the lowest unit costs, highest margins, most favorable risk profile and industry-leading best practices in key areas of environmental, social and governance (ESG)."
Source Fool.com
