Gold bullion on a chart The gold price has shone in the pandemic, and trades 27% higher than a year ago. Yet I’d be wary of investing in the precious metal today. After hitting an all-time high of around $2,084 an ounce in August, gold has slipped to around $1,900. If we get a working Covid-19 vaccine and find a way out of the current malaise, it could fall further.
There’s another reason why I’m wary. There are no dividends or interest when you buy gold. By contrast, the FTSE 100 and FTSE 250 are full of stocks that pay dividends, even if many have suspended payouts this year. The following two shares give exposure to the gold price too.
Gold and dividends? That’s what can be achieved investing in gold mining stocks, but with an extra layer of risk. It not only brings exposure to gold price movements, but the […]
October 26, 2020 (updated October 26, 2020) Published by StockMan