Although prices have dipped 2.8% to $1,232 this month, investing in gold is still one of the best profit strategies this year. That’s because we expect gold prices to rise 13.6% to $1,400 by the end of 2017.
You could buy some physical gold to take advantage of these gains, but there is a much better way to invest in gold and reap much larger returns. We’re talking about gold mining stocks, and we found two that could surge 50.1% and 81.2% by next March.
Here’s why Money Morning Resource Specialist Peter Krauth says you should start investing in gold stocks in 2017…
Why Investing in Gold Stocks Will Hand You Profits in 2017
Krauth believes gold prices and gold stocks will rise this year thanks to one factor: rising inflation.
Right now, the year-over-year inflation rate is at a five-year high of 2.5% as of January. This rate is going to continue upward as the stock market keeps hitting record-breaking highs and as yields on 10-year Treasury bonds increase.
Inflation generally has an inverse relationship with a strong stock market. This means that a stock market rally causes the purchasing power of the U. S. dollar to plummet, which isn’t good for the overall economy.
This post was published at Wall Street Examiner on March 16, 2017.
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