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With gold prices creeping higher again amid macro uncertainties and hopes for (much) lower interest rates in the near future, it’s hard not to find Canada’s top gold mining plays intriguing. Undoubtedly, gold falls short of stocks when it comes to long-term returns.
That said, I view gold as an intriguing hedge for a portfolio that’s already diversified (in stocks and/or bonds and other fixed-income securities). With many investors looking to play gold for a potential breakout, investors may wish to hedge their bets with some of the gold plays while they’re still trading at a relative discount.
Indeed, there are many ways to play gold. You could head to your local gold dealer and purchase physical bullion. But then, you’ll have to ensure it’s securely stored, perhaps paying someone to hang onto your bullion. Personally, I’m a big fan of the mining plays right here while they’re trading at…
