Dividends4Life: Eight Dividend-paying Gold Investments to Purchase for Adding Shine to a Portfolio

Eight dividend-paying gold investments to purchase can add shine and a defense against inflation to precious portfolios. The eight dividend-paying gold investments to purchase as inflation hedges include three gold funds, three companies headquartered in Toronto, Ontario, a fourth stock based in Colorado and a fifth mine operation that calls Vancouver, British Columbia, its home. Those eight dividend-paying gold investments to purchase have lagged in attracting buyers for their shares, despite their sector’s reputation as safe haven from inflation.

Carlson said he does not favor exchange-traded funds (ETFs) for investing in gold miners, since most of the funds invest in an index. One exception is iShares MSCI Global Gold Miners (RING). A good choice for an aggressive investor is US Global Investors Gold & Precious Metals (USERX), Carlson said. Another fund to consider is OCM Gold Investor (OCMGX). The fund owns both the larger and smaller miners and typically is near the top of its Morningstar category. Canada’s Agnico Eagle Mines (NYSE: AEM), of Toronto, Ontario, operates gold mines in Canada, Finland and Mexico, while also pursuing exploration and development activities in the United States. Canada-based Barrick Gold (NYSE: GOLD), of Toronto, Ontario, is a mining company that produces gold and copper with 16 operating sites in 13 countries. Franco-Nevada (NYSE: FNV), a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets, benefits from favorable product price tailwinds. Newmont Corporation (NYSE: NEM), based in Greenwood Village, Colorado, United States, is the world’s largest gold mining company. Canada’s Wheaton Precious Metals (NYSE: WPM), of Vancouver, British Columbia, boasts “strong free cash flow funding for its capital allocation priorities in second-half 2021.

Source: Dividend Investor

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