|The Crown Jewel Gold Nugget|
So what has been happening with gold lately? Not much if you look at the price of gold over the twelve months. The SPDR Gold Shares (GLD) have dropped 6.16% over the last year, whereas the S&P 500 is up about 15% over the same time frame.
If you are a contrarian and think that now be the time to acquire some gold, you may want to consider gold mining stocks, as there are almost two dozen that pay dividends, according to the free list of high yield gold and silver stocks at WallStreetNewsNetwork.com. Almost ten of these stocks have yields in excess of 2%.
Newmont Mining (NEM) has mines in Australia, New Zealand, North and South America, and Africa. It trades at 16.5 times forward earnings and pays a dividend rate of 0.4%, payable quarterly.
Silver Wheaton (SLW) pays a yield of 1.3%, payable quarterly.
For a free list of high yield gold and silver stocks go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.