Are Gold Streaming Stocks Actually "Recession Proof"?
As fears mount that a U.S. recession is looming, a lot of investors are looking for safe haven assets in which to park their money. And "everybody knows" that gold is about the safest thing you can be invested in when a downturn hits and stocks are falling.
But is it? The answer is less clear-cut than it once was.
However, people who prefer to invest in companies that do something rather than in bullion that just sits there may wonder: Do gold stocks offer the same kind of safety during a recession that actual gold supposedly offers? What about gold streaming companies like Royal Gold (NASDAQ: RGLD), Franco-Nevada (NYSE: FNV), and Wheaton Precious Metals (NYSE: WPM)? Let's look at the record to see if those streamers -- and gold stocks in general -- are actually safe bets during recessions.
Source Fool.com
