| Gold surged past $4,200 … but this has beat gold by 1,000x |
Gold is hitting record highs.
And there’s still further upside ahead.
Just days after the Federal Reserve cut interest rates by another quarter point, Philadelphia Federal Reserve President Anna Paulson says unemployment is a bigger economic threat than inflation, which could open the door for more interest rate cuts in the new year.
“That’s partly because I see a decent chance that inflation will come down as we go through next year,” the central banker said, as quoted by CNBC.
If that’s the case, investors may want to keep an eye on more upside in gold prices.
Last trading at $4,342.81, some analysts are arguing for $5,000 gold in the new year. And if that’s the case, physical gold, stocks, such as Newmont (NEM)and gold mining ETFs could explode higher. In fact, some of the top gold ETFs to keep an eye on include:
VanEck Vectors Gold Miners ETF
Not only can you gain access to some of the biggest gold stocks in the world, you can do so at less cost with the VanEck Vectors Gold Miners ETF (GDX).
The ETF holds positions in Newmont Corp., Barrick Gold, Franco-Nevada, Agnico Eagle Mines, Gold Fields, and Wheaton Precious Metals to name a few.
Even better, shares of mining stocks often outperform the price of gold. That’s because higher gold prices can result in increased profit margins and free cash flow for gold miners. In addition, top gold miners often have limited exposure to riskier mining projects.
Sprott Junior Gold Miners ETF
The Sprott Junior Gold Miners ETF (SGDJ) seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index. The Index aims to track the performance of small-cap gold companies.
Global X Gold Explorers ETF
The Global X Gold Explorers ETF (GOEX) invests in companies involved with gold deposit exploration. Some of its top 50 holdings include Coeur Mining, Lundin Gold, Hecla Mining, New Gold Inc., SSR Mining, and Alamos Gold. GOEX also pays a semi-annual dividend.
Today's Top Story: The Dollar’s Falling. Gold Isn’t.
Gold Is Breaking Records — And It's Just the Beginning
Gold recently hit $4,200 an ounce, and major analysts now predict it could reach $6,000 during Trump's term.
Meanwhile:
- The dollar is weakening
- Inflation is stubborn
- Central banks are hoarding gold
Smart investors are taking notice — and moving part of their savings into physical gold while they still can.
That's why America's Gold Company created the Free Wealth Preservation Guide — your roadmap for protecting your IRA or 401(k) before the next market shock.
Inside, you'll learn:
- How to roll over your retirement account tax and penalty free
- How to lock in gold at today's price before the next surge
Time is running out. Don't wait for the next headline.
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Written by Ian Cooper