Gold Stocks for a Rising Dollar
The dollar is the unit of currency used in the gold market. And that means a rising dollar will push down the price of gold, since fewer dollars are needed to buy the same ounce of the precious metal. If the dollar is rising, gold is falling, and you still want to own gold for diversification or whatever reason, here are three precious metals players you should be looking at: Royal Gold (NASDAQ: RGLD), Wheaton Precious Metals (NYSE: WPM), and Franco Nevada (NYSE: FNV).
Royal Gold, Wheaton Precious Metals, and Franco Nevada do not operate any gold or silver mines. They are streaming and royalty companies. This is, perhaps, the most important thing to remember about this trio.
Image source: Getty Images.
Source: Fool.com
