Gold Stocks List: Best Companies and ETFs to Trade (2024)

Below is a detailed gold stocks list. It includes various large-cap gold company stocks and gold penny stocks. Gold is a very interesting commodity. Not only can you trade gold stocks and ETFs, but you can also own physical gold. It’s something that many gold enthusiasts get passionate about. Gold stocks can be volatile for various reasons, including economic news. Pricing on these stocks can fluctuate drastically in short periods. They can be a hedge against inflation, uncertainty, and volatility.

We are not affiliated with nor endorse any of these companies, and nothing on this site constitutes a recommendation to buy or sell.

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List of Gold Stocks and Companies

Gold stocks are prone to manipulation. Currency, no matter what kind, tends to be heavily manipulated. So, please be aware and pay attention to this. Gold is supposed to move in the opposite direction of the dollar. However, that isn’t always the case. As a result, we can look at that and be confused. If you’re aware of the manipulation of currencies, this won’t shock you.

How you invest in gold penny stocks or large caps will depend on your trading style. Do you want to invest long-term? Or will you buy physical gold along with mutual funds? Do you want to hedge or speculate with options? People day trade and swing trade companies on this gold stocks list.

Gold stocks are known as a safe haven in the trading world. Investors and traders add gold stocks to their portfolios to protect against economic downturns. Gold tends to move in the opposite direction of the dollar. As a result, the price of gold increases as the dollar loses value.

Does having gold stocks as a safe haven mean you can’t day trade or swing trade them? Not at all! Stocks can be traded no matter what sector they belong to. That means they’ll move up and down. At times, gold moves up and down in the opposite direction of the market.

1. A Reliable Source Of Value

Gold has been used to store value for thousands of years and is still highly valuable today. Unlike paper money, gold is recognized globally and can’t be devalued through printing too much. It’s a physical resource used in many products, including jewelry and electronics, so demand always exists. During tough economic times, gold becomes even more valuable when demand increases because its supply is limited.

Gold is often considered a hedge against inflation because its value typically rises when the purchasing power of currencies declines. During periods of inflation, the general price level of goods and services increases, which erodes the value of fiat currencies. When people face uncertain situations threatening their financial security, they often invest in gold. This helps them protect their wealth and maintain their ability to buy goods and services at the same level. In such cases, investors find it beneficial to safeguard their assets by investing in gold.

Historically, gold has shown a positive correlation with inflation. As the cost of living rises, demand for gold tends to increase. Gold can be a good investment when prices increase because it tends to become more valuable.

There are a few ways to buy gold, including purchasing physical gold, buying gold stocks or exchange-traded funds (ETFs), and investing in gold futures. Here’s a brief overview of each method:

Physical gold: You can buy gold through bullion coins, bars, or jewelry. You can purchase gold from a dealer or an online retailer. When buying physical gold, it’s important to consider its purity, weight, and authenticity to ensure you get the right bang for your buck.

Gold stocks or ETFs:You can also invest in gold indirectly by buying stocks of gold mining companies or by investing in gold ETFs. ETFs that deal in gold hold either physical gold or monitor the gold price, and they can be purchased and traded like shares.

Gold Futures:Futures contracts allow you to buy or sell gold at a specific time in the future. They are traded on commodity exchanges and can be leveraged instruments.

When deciding how to buy gold, research and compare each method’s pros and cons, you will also want to consider factors such as liquidity, transaction costs, storage costs, and the risks associated with each approach.

NEM Stock Rover Report

$NEM is a very popular precious metals stock. But did you know Newmont Company is the world’s largest gold producer!? In (2019), the company produced over 6 million ounces of gold and 624 million attributable gold equivalent ounces from the sale of byproducts. Over the coming years, the company expects to produce 6.2 to 6.7 million ounces of annual gold production while driving costs down to $800 per $900 per ounce. In comparison, 2019 AISC (all in sustaining costs) was $966 per ounce.

Relative to the S&P 500 baseline, $NEM has outperformed the by 113.6% in the past five years. Moreover, NEM has outperformed its peers in the sector by 72.1% in the past 5 Years! Not only that, but the overall sector has outperformed the market by 41.5% in the past five years.

Gold Stocks List Chart Example

SPDR Gold Shares (GLD):This ETF is one of the largest and most widely known gold ETFs. It aims to track the performance of the price of gold.

iShares Gold Trust (IAU):Similar to GLD, this ETF seeks to reflect the performance of the price of gold. It is also known for its relatively low expense ratio.

Aberdeen Standard Physical Gold Shares ETF (SGOL): This ETF aims to reflect the performance of physical gold bullion stored in secure vaults. It seeks to provide investors with a cost-effective and convenient way to invest in gold.

VanEck Vectors Gold Miners ETF (GDX): This ETF focuses on gold mining companies rather than the price of gold itself. It provides exposure to companies involved in various stages of the gold mining industry.

• Gold has inherent value and isn’t tied to a specific currency or government, making it a reliable store of wealth.
• Gold is often seen as a hedge against inflation because its value tends to rise when the purchasing power of fiat currencies declines.
• It is considered a safe-haven asset, performing well during economic uncertainty, geopolitical tensions, or market volatility.
• Gold’s price doesn’t always move in the same direction as stocks and bonds, which can help reduce the overall risk of your investments.