Gold stocks are companies that mine, sell, or finance the extraction of gold. They could be companies that mine in rivers and dirt for nuggets, flakes, and gold dust. Or they could be streaming and royalty companies that give mining companies the funds they need to find gold (for a percentage of the revenues).
Either way, gold companies are responsible for unearthing one of the world’s most precious metals and selling it on global markets — a lucrative enterprise that Canadian investors can profit from, too.
Considering that Canada is one of the world’s top producers of gold, gold stocks could have an important place in a Canadian investor’s well-diversified portfolio. Let’s look deeper at gold stocks and see if they’re the right fit for you.
What are gold stocks?
Gold stocks are mining companies that focus primarily on the extraction and sale of gold.
When you invest in gold stocks, you’re investing in…
