Gold Stocks Soar As Investors Flee Dollar Weakness
Investors are worried about stagflation, soaring U.S. debt, and pressure on the dollar, prompting them to seek protection for their portfolios.
Peter Schiff has warned about these issues, leading investors to consider how to hedge against inflation and currency risk.
Three stocks from a gold-focused physical and mining ETF screener stand out: Royal Gold (RGLD), Hochschild Mining (LSE:HOC), and OR Royalties (TSX:OR).
Royal Gold is a large player in the space, with a market value of $21 billion, and earns most of its revenue from long-term contracts on producing and developing assets.
Hochschild Mining gives direct exposure to gold and silver production, but also carries higher risk due to external borrowings and operational challenges.
OR Royalties offers asset-light exposure to gold and other precious metals through royalties and streams.