Exploring the Significance of Gold in History and the Economy

  Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and postings will end on this site shortly. Please go to https://WStNN.com for all future posts. 

Recently, we posted an article about silver as an investment. Now it’s time for gold.

Gold has captivated humanity for millennia, with its allure dating back to ancient civilizations. As shiny nuggets were first discovered, gold quickly became a symbol of wealth and power. The scarcity and distinctive properties of gold made it highly prized. This led to the adoption of gold as currency by various cultures across the globe. Gold played a crucial role in shaping economies and trade networks, facilitating commerce and influencing political dynamics.

The California Gold Rush of the mid-19th century marked a pivotal moment in gold’s history. The discovery of gold nuggets at Sutter’s Mill in 1848 sparked a large migration to the American West, drawing people from all walks of life in search of fortune. The influx of prospectors fueled rapid economic growth and transformed California into a growing economy. 

Gold is often regarded as a hedge against inflation due to its historical track record of preserving wealth during times of economic uncertainty. When inflation rises, the purchasing power of fiat currencies decreases. This leads investors to seek assets that can retain their value. Gold has demonstrated its ability to act as a store of value over centuries, making it a popular choice for investors looking to protect their wealth from the devastating effects of inflation.

During periods of high inflation, the price of gold tends to increase as investors flock to it as a safe haven asset. Gold’s scarcity and tangible nature contribute to its appeal as a hedge against inflation. Unlike fiat currencies, which can be subject to manipulation by central banks. The gold supply is limited, providing a natural defense against currency devaluation. Additionally, gold has inherent value and is not reliant on the performance of financial markets, making it a reliable hedge during times of economic turbulence.

Gold’s status as a globally recognized currency adds to its appeal as an inflation hedge. This universal acceptance of gold allows its liquidity as a hedge against inflation in various economic environments. Central banks and institutional investors often allocate a portion of their portfolios to gold to mitigate the effects of inflation and safeguard their wealth over the long term.

Some of the major U.S. gold mining companies are:

Company	Company Symbol	Price to Book	PEG	PE	Price to Sales	Forward PE	Yield
Coeur Mining Inc	CDE	1.7	NA	na	2.2	16.26	0
i-80 Gold Corp	IAUX	0.89	NA	NA	7.24	NA	0
Newmont Corp	NEM	1.55	0.79	NA	3.82	14.48	2.56%
Novagold Resources Inc.	NG	25.84	NA	NA	NA	NA	0.00%
Royal Gold, Inc.	RGLD	2.79	7.49	33.69	13.32	22.46	1.32%
SSR Mining Inc	SSRM	0.32	NA	NA	0.76	15.5	5.45%

Throughout history, gold has retained its status as a safe haven asset and a hedge against economic uncertainty. Its value surged during times of crisis, such as wars, financial crises, and geopolitical tensions. In the modern era, gold continues to play a crucial role in investment portfolios and central bank reserves, providing stability in volatile markets. Its timeless appeal as a store of value ensures that gold remains a cornerstone of global finance and culture.

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Disclosure: Author had no positions in any of the above at the time the article was written.

Posted onApril 28, 2024Categories

Fake Dirty Underwear: Why You Need to Buy Some

 Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and postings will end on this site shortly. Please go to https://WStNN.com for all future posts. 

by Fred Fuld III

Recently, I posted an article about investing in silver and silver coins. But if you buy silver, or gold, coins, where do you hide them?

One popular location is a bank’s safe deposit box. But the disadvantages are that you can’t get access to the coins at all times, and if on the very rare occasion that the safe box is broken into, the bank isn’t responsible for the loss of contents.So suppose you want to keep them at home. Unfortunately, burglars know all the common places. 

These include your top dresser drawers, drawers in your nightstands, backs of closets, cookie jars, under your mattress, in the toilet tank, and other areas that are convenient for you but also the burglars. 

Some sources suggest leaving the burglars a ‘tip’ which would be a small amount of cash that’s easy to find so that the burglars find it and leave without spending too much time in your house. 

One source even recommends leaving a twenty dollar bill on a little table just inside your front door, because if the bad guys don’t find any money, they may retaliate by causing destruction in your house. This is especially true for teenage intruders. 

Here is a suggestion. Get any old coins that you have in your house that aren’t worth much or even not worth anything above face vale, but just appear to be old. Put them in a container with a label on it that says ‘coin collection’ and keep it in your dresser. Keep your real coin collection in a much more secure location.

Let me tell you where you never should hide any items. Never, ever store valuables at the bottom of a wastebasket. The burglars may never look there, but it is almost certain that at some point, either you or a family member or a friend will accidentally throw out the valuables with the garbage. I personally had a close call with this type of hiding place.

So what does all this have to do with dirty underwear? There is a product that burglars wouldn’t even want to get close to, where you can hide cash, jewelry, or other valuables. 

The product is called the Brief Safe Hidden Contents Travel Passport Wallet. A description of what it is in simple terms would be a pair of men’s underwear with a smear of coloring on it that looks like an accident took place in them. Inside is a stealth area where valuable items can be hidden.

This product is what is known as a diversion safe, also known as a camouflaged safe or secret stash container or hidden safe. It is a product to hide valuables in everyday household items.

If dirty underwear is a bit too gross, then there are plenty of other options. The ROLOWAY Hanger Diversion Safe is a way to hide valuables under an article of clothing hanging in your closet. A burglar might possibly check the pockets of all your coats and jackets that you have hanging up, but is he, or she, really going to take every article of clothing off all the hangers? 

This product has one other advantage. According to the manufacturer, it is fireproof to 4200 degrees. 

You might also consider a Dasani Bottled Water Diversion Safe or a Soup Can Diversion Safe. 

There are plenty of items that you can hide in these safes. Here are just some examples:

keys
watches
medicine
cash
gold coins 
silver coins
precious gems
diamonds
bullets
USB drives
necklaces 
earrings
rings
small documents (e.g. Social Security card)
gold nuggets

Plan ahead. Keep your valuable safe.

Happy hiding!

 

 

This page contains Amazon Affiliate links.

Billionaires Christmas List

Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and eventually everything on this site will be transferred over there.

You have a couple weeks left to do your gift shopping. Here is a list of gifts for the billionaire who has everything. Buy them now before they are gone.

007 ASTON MARTIN DBS SUPERLEGGERA DESIGNED BY DANIEL CRAIG

This blue Aston Martin automobile has a powerful twin-turbo 5.2-liter V12 engine, and is being offered by Neiman Marcus. The famous 007, Daniel Craig, custom designed the car. Oh yeah; they will throw in an Omega limited edition platinum watch as part of the deal, and of course two free tickets to the latest James Bond movie.

Price: $700,007

Neiman Marcus

SUBMARINE SPORTS CAR

How would you like to drive a zero emissions vehicle that you and drive on land or underwater. This car is offered by Hammacher Schlemmer.

Price: $2,000,000

Hammacher Schlemmer

AMORO 18K WHITE GOLD COLOMBIAN EMERALD AND DIAMOND RING 

For the special woman in your life, a perfect gift would be an Amoro 18k White Gold Colombian Emerald and Diamond Ring which includes a Colombian Emerald weighing approximately 4.08 carats, and two baguette cut genuine diamonds weighing approximately 1.01 carats.

Price: $110,000

CHARTWELL ESTATE

If you are looking to move up to a larger house, Chartwell Estate should make the perfect home. It is also known as the Beverly Hills Mansion. This 25,000 square foot home in Bel Air, California has 11 bedrooms and 18 bathrooms.

Price: $150,000,000 (Sorry, this house was sold literally days ago to Lachlan Murdoch)

photo by Alan Light

DIAMOND CHESS SET

For the Chess Player Who Has Everything: A Diamond Chess Set at a very, very expensive price.

Estimated price: $500,000

1931 FRANKENSTEIN LOBBY CARD SET

This is an original mint complete set of eight Frankenstein Boris Karloff lobby cards from 1931.

Price: $450,000

1796 $2.50 GOLD COIN

For the billionaire coin collectors, a gold coin might be the best gift. This is a 1796 $2.50 Capped Bust Quarter Eagle with no stars graded AU-58 by PCGS.

Price: $276,763.31

MOST STOLEN LIBRARY BOOK

You can’t do without the most expensive investment book ever (and the most stolen library book), Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth Klarman, which is currently available for $1,300.

BABE RUTH SIGNED BASEBALL

A great gift for a baseball fan. A Babe Ruth Autographed Baseball, graded MINT 8, PSA/DNA Certified.

Price: $124,274.96

TRILLION DOLLAR BILL

Finally, for the billionaire who wants to become a trillionaire, you can get a genuine $100 trillion dollar bill.

Merry Christmas, Happy Hanukkah, and Happy Holidays!!!

Disclosure: Some links include affiliate links. Reprinted courtesy of BillionairesLife.com

INVESTMENT TRIVIA BOOK    MAKES A GREAT GIFT!!!
 

Corporate Earnings Announcements for Next Week

Looking for some interesting moves in some stocks this upcoming week? Check out the companies that will be reporting earnings this week.

If earnings exceed analysts' expectations, the stocks can shoot up. If the numbers underperform, the stock can tank. Then again, occasionally, stocks don't move the way you would have expected.

Anyway, many traders use earnings plays for trading strategies. Also, option traders look for high implied volatility of stocks for for option selling strategies.

Here are many of the enormous number of stocks reporting earnings this week:

Monday

AMC
CKEC
CNA
CUTR
DNB
FDC
FTR
MIC
SOHU
TST
GRA
WMB
XOXO

Tuesday

AHC
AET
Y
AIG
WTR
CAR
AVP
CZR
CERN
CRAY
CVS
DVN
EA
EPC
ETSY
FIT
FMS
GNW
H
KAR
LOCK
PFE
PBI
PG
STX
SODA
RGR
ZEN

Wednesday

DDD
ALL
AWR
AWK
NLY
APO
AVID
BIO
BYD
FUN
CHDN
CLX
CROX
D
FSLR
GDDY
HLF
ICE
JACK
MET
OXY
RIO
SHOP
TDOC
TSLA
TWX
RIG
TRIP
FOX
WU

Thursday

ATVI
APA
ABTL
BATS
BCE
BBW
CHK
CHD
DUK
FEYE
FTD
K
KMPR
NUS
GOLD
SEAS
SSYS
TTWO
TASR
TK
TEVA
PCLN
TIME
TRUE
VIA
WEB
WTW
Z
ZNGA

Friday

AINV
XRAY
MGA
RBS
VA
WY

If you like interesting stock lists like this, be sure to check out many of the free stock lists at WallStreetNewsNetwork.com.

Is It Time to Buy Gold Stocks?

With the stock market tanking as it has since the beginning of this new year, investors are becoming scared. And when they are scared, they turn to a couple of areas. One is cash, and another is gold and other precious metals.

As a matter of fact, in the last thirty days, gold has increased by 2.14% and silver has jumped by 3.51%. Compare that to the S&P 500, which has dropped over 5% during that time frame.

So if investors want a gold play, they can either buy the metal, or they can invest in the gold mining companies. The advantage of the gold stocks over the metal are:
1. Dividend income from some companies
2. No storage fees
3. No worries about the stock being lost or stolen

If you want to buy gold stocks, you are better off going with the ones that do pay dividends. You get your capital returned faster, and can provide some stability to the shares. In addition, I always prefer companies that are debt free or have very little debt.

For example, DRDGOLD (DRD) is a South African miner which produces gold from surface tailings. The stock trades at 22.5 times earnings and pays a yield of 3.9%. However, the dividend is only paid annually. The company has $19 million in cash, and $2.6 million in debt.

If you are looking for a stock that pays a dividend more often, take a look at Gold Resource (GORO), which is a Colorado based company which owns gold and silver mines in Mexico. The stock has a trailing price to earnings ratio of 8 and a forward PE of 5. It has $14 million in cash and $1.2 million in debt. The yield is 1.5%, and investors have the advantage of dividends paid monthly.

For a free list of over 15 gold and silver mining stocks, go to WallStreetNewsNetwork.com. Hopefully, some income producing gold mining stocks can provide some luster to your portfolio.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com

Here's a Contrarian Investment: High Yield Gold Stocks

Talk about an industry that has been hammered, look at gold. During the last year, the S&P 500 was up 11.25%, whereas the SPDR Gold Shares ETF (GLD), which has a goal of replicating the performance of gold bullion, was down 8.9%. Then look at the gold mining stocks. The Market Vectors Gold Miners ETF (GDX) was down 21.81% over the same period.

If you feel that gold may start rising again, you may want to consider the gold mining stocks, especially the ones that pay dividends, as this will return your capital faster and help reduce volatility. Fortunately, there are over 20 to choose from, according to the list of dividend paying gold stocks at WallStreetNewsNetwork.com. Some pay annually, some pay semi-annually, some pay quarterly, and couple even pay monthly.

One example is Freeport-McMoRan (FCX), which actually has a fairly diversified business, not only exploring for gold, but also silver, copper, molybdenum, cobalt, and even oil and natural gas. The stock trades at only 12 times trailing earnings and 11 time forward earnings. The company pays a generous yield of 4.7%, and dividends are paid out every quarter.

Yamaha Gold (AUY) is a Canadian based company that has mining properties in Argentina, Brazil, Chile, and Mexico.  The stock trades at 18 times forward earnings. The yield on the stock is 2.7%. Like FCX, it also pays dividends quarterly.

If you are looking for a monthly dividend payer, Goldcorp (GG), is one example, and it has a yield of 2.7%. The stock trades at 22 times forward earnings.

If you want to see all the other high yield gold stocks, which includes information on the PE ratio, the forward PE, the PEG, the yield, and the dividend frequency, go to WallStreetNewsNetwork.com. This may be a great way to add gold to your portfolio.

Disclosure: Author didn't own any of the above at the time the article was written and has no plans to do so in the next 72 hours.

By Stockerblog.com

What's Up with Gold: Plus, the Largest Crystalline Gold Nugget in the World

The Crown Jewel Gold Nugget

A couple weeks ago, I was at the Ironstone Vineyards in Murphys, California, where they have a gold rush museum. One of the highlights of the museum is 'The Crown Jewel', also known as the Kautz Crystalline Gold nugget, the largest crystalline gold nugget in the world, a very rare form of gold. This nugget weighs 44 pounds. If you are ever in the California Gold Country, you should certainly check it out.

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%.

Barrick Gold (ABX) trades at 14 times future earnings, and pays a yield of 1.2%. The company, based in Ontario, Canada, has mines in North America, South America, Africa, and Australia.

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.

By Stockerblog.com

Gold is Up 11% in the Last Month and a Half: Top Income Gold Stocks

Do you realize that in the last month and a half, the price of gold has risen 11%, whereas the S&P 500 has only gone up by 3.3% over the same period of time. The share prices of gold mining companies have also started taking off. The Market Vectors Gold Miners ETF (GDX) is up 18.1%, and the Market Vectors Junior Gold Miners ETF (GDXJ) up 26.1%.

Investors can not only achieve capital appreciation on their gold mining shares but also dividend income from certain companies, as yields on these stocks are fairly high, compared to what you could receive from a bank account. Keep in mind though that some of the gold mining companies link their dividends to the price of gold, and even those that don't could easily cut their dividends if the price of bullion drops. According to the free list of high yield gold mining stocks at WallStreetNewsNetwork.com, there are over 20 gold stocks that pay out dividend yields, ranging from 0.4% to over 6%.

Freeport-McMoRan Copper & Gold (FCX) is a major producer in the precious metals sector. The world's largest publicly traded copper company, it also mines for gold, molybdenum, cobalt, silver, and several other metals. This Phoenix, Arizona based miner has operations in North America, South America, Indonesia, and Africa. The stock trades at 12 times trailing earnings and 10 times forward earnings. Earnings for the latest quarter were down 4.8% on a revenue boost of 30.4%. The stock pays a very generous 3.9% yield, and dividends are paid quarterly.

Another high yield gold company is Yamana Gold, Inc. (AUY), a Toronto, Ontario, Canada based miner which explores for and produces gold, copper, molybdenum, zinc, and silver, from its properties in Brazil, Chile, Argentina, and Mexico. The stock trades at 25 times trailing earnings and 24 times forward earnings. The latest quarterly revenues were down 33.2%. The stock pays a CD beating yield of 1.5%. Dividends for this company are also paid out quarterly.

For more of a silver play, there is Silver Wheaton Corp. (SLW), the Vancouver, Canada company which yields 1.4%. The stock has a trailing P/E ratio of 21 and a forward P/E of 28. Quarterly revenues were up 3.2% but earnings dropped 35.6%.

The yields on these stocks can help reduce some of the volatility and return your capital quicker. Just remember, that companies can reduce (or increase) their dividend payouts at any time. For a list of the other high yield gold and silver mining stocks, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.
 
By Stockerblog.com

Top Yielding Gold and Silver Stocks

Marc Faber, the famed investment advisor and fund manager, who has been referred to in the past as 'Doctor Doom', believes that we may be headed to a stock market crash, yet the gold mining stock sector is oversold and worth buying.
Gold and silver mining stocks have recently been depressed but rebounded sharply on Friday. If Faber is correct, then investors can not only achieve capital appreciation on their shares but also dividend income, as yields on these stocks are fairly high, compared to what you could receive from a bank account. Keep in mind though that some of the gold mining companies link their dividends to the price of gold, and even those that don't could easily cut their dividends if the price of bullion continues to drop. According to the free list of high yield gold mining stocks at WallStreetNewsNetwork.com, there are over 20 gold stocks that pay out dividend yields, ranging from 0.4% to over 6%.
Freeport-McMoRan Copper & Gold (FCX) is a major producer in the precious metals sector. The world's largest publicly traded copper company, it also mines for gold, molybdenum, cobalt, silver, and several other metals. This Phoenix, Arizona miner has operations in North America, South America, Indonesia, and Africa. The stock trades at 11.3 times trailing earnings and 10.1 times forward earnings. Earnings for the latest quarter were down 32% on a revenue drop of 4%. The stock pays a very generous 4.0% yield, and dividends are paid quarterly.
Another high yield gold company is Yamana Gold, Inc. (AUY), a Toronto, Ontario, Canada based miner which explores for and produces gold, copper, molybdenum, zinc, and silver, from its properties in Brazil, Chile, Argentina, and Mexico. The stock trades at 22.8 times trailing earnings and 16.6 times forward earnings. The latest quarterly revenues were down 19.6%. The stock pays a CD beating yield of 2.7%. Dividends for this company are also paid out quarterly.
For more of a solver play, there is Silver Wheaton Corp. (SLW), the Vancouver, Canada company which yields 2.1%. The stock has a trailing P/E ratio of 14.5 and a forward P/E of 19.4. Revenues were actually up 3.1% but earnings dropped 9.3%.
The yields on these stocks can help reduce some of the volatility and return your capital quicker. Just remember, that companies can reduce (or increase) their yields at any time. For a list of the other high yield gold and silver mining stocks, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.
By Stockerblog.com

Image courtesy of ponsulak / FreeDigitalPhotos.net

High Yield Gold Stocks: Time for a Rebound?

Gold has been hit hard recently, and in mid April, the price of gold dropped like a 50 pound nugget. In the last six months, the SPDR Gold Shares (GLD) tanked by over 16.6%. Many gold bugs believe that the selling pressure on gold is off now, and that a continuation of the little rebound during the last half of April is in the works. Stock yields have almost doubled and in some cases more than doubled.

Investors who are looking to get in to the gold market now have an interesting opportunity, as yields on the gold mining stocks have almost doubled, and in some cases, more than doubled. According to the free list of high yield gold mining stocks at WallStreetNewsNetwork.com, there are over 20 gold stocks that pay dividends.

Freeport-McMoRan Copper & Gold (FCX) is the big player in the precious metals arena, mining for copper, gold, molybdenum, cobalt, silver, and many other metals. It happens to be the world's largest publicly traded copper company. This Phoenix Arizona based company has operations in North America, South America, Indonesia, and Africa. The stock trades at 10.6 times trailing earnings and 7.7 times forward earnings. Earnings for the latest quarter were down about 15% on relatively flat revenues. The stock pays a very generous 4.0% yield, and dividends are paid quarterly. James R. Moffett, Chairman of the Board, and Richard C. Adkerson, President and Chief Executive Officer, said,

"Our first-quarter results reflect our focus on strong and safe production, aggressive cost management and advancing financially attractive projects to grow our copper production, increase cash flows and provide strong returns for shareholders."

One issue that investors should be aware of is that Freeport is moving more into the oil and gas industry through its acquisitions of Plains Exploration & Production Company and McMoRan Exploration Co.

Another high yield gold company is Yamana Gold, Inc. (AUY), a Toronto, Ontario, Canada based company involved in the exploration and production of gold, copper, molybdenum, zinc, and silver, from its properties in Brazil, Chile, Argentina, and Mexico. The stokc trades at 24 times trailing earnings and 11.2 times forward earnings. The latest quarterly earnings were down 40% on a 4.4% reduction in revenues. The dividends are much higher than a current bank certificate of deposti, as the stock currently yields 2.2%. Dividends for this company are also paid out quarterly.

The yields on these stocks can help reduce some of the volatility and return capital faster. However, if the price of gold doesn't stabilize and begin to increase, the gold mining stocks can suffer even more than they have been lately. For a list of the other high yield gold mining stocks, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com

Ways to Earn Income from Gold

Yesterday, the Wall Street Journal ran an article on the many options of gold investing. But what about the investors who like and want income from their gold investments? Since the beginning of October, gold has dropped around 3.5% based on the return on the SPDR Gold Shares (GLD) ETF. Maybe income gold stocks warrant a closer examination.

Gold stocks with yields help reduce risk. Based on the free list at WallStreetNewsNetwork.com, there are over twenty dividend paying gold stocks, and ten of them with yields greater than 1.5%. As a matter of fact, you can own a gold mining stock that pays its dividends in gold or silver, your choice. Gold Resource Corp, which trades on the New York Stock Exchange, (GORO) offers silver dividends to its shareholders, in addition to the options of gold or cash dividends.

Freeport-McMoRan Copper & Gold Inc. (FCX) is a high yielding gold miner which increased the dividend back in April from 25 cents per quarter to 31.3 cents, giving the stock a 3.6% yield. Freeport trades at 12.5 times trailing earnings and 8.6 times forward earnings. It pays a very favorable yield of 3.0%, and pays its dividend quarterly.

Another dividend paying gold mining stock is Yamana Gold Inc. (AUY) with a yield of 1.4%. The stock has a current price to earnings ratio of 34.5 and a forward PE of 13.7. The company was recently upgraded by HSBC Securities from Neutral to Overweight.

There are plenty of other gold mining stocks with dividends including Rio Tinto plc ADR (RIO), offering a yield of 2.8% and Newmont Mining Corporation (NEM), paying 2.5%.

For a free list of over twenty high yield gold and silver stocks, which you can download, sort, and update, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com

Gold at the Highest Level Since February - Top Gold Income Stocks

If you have been watching the price of gold recently, you would have noticed that gold has been trading at its highest level since the end of February of this year. Many analysts believe that god, and the gold mining stocks, still have a long way to go. Investors that want to participate may want to look for the gold mining companies that pay dividends in order to help reduce risk. According to WallStreetNewsNetwork.com, there are over twenty dividend paying gold stocks, with more than ten with yields in excess of 1.5%.

One example is Freeport-McMoRan Copper & Gold Inc. (FCX), which increased the dividend back in April from 25 cents per quarter to 31.3 cents, giving the stock a 3.6% yield. Freeport trades at 12.5 times trailing earnings and 8.6 times forward earnings. It pays a very favorable yield of 3.0%, and pays its dividend quarterly. Earnings tanked by 48% for the latest quarter, with revenues dropping 23%.

Yamana Gold Inc. (AUY) is another gold stock that pays a decent quarterly dividend, offering a payout rate of 1.4%. The stock has a current price to earnings ratio of 34.5 and a forward PE of 13.7. The company was recently upgraded by HSBC Securities from Neutral to Overweight. Quarterly earnings for the latest quarter were down 78% on a 6.6% reduction in revenues.

A few other high yield gold stock ideas are Rio Tinto plc ADR (RIO), paying a yield of 2.8% and Newmont Mining Corporation (NEM), yielding 2.5%.

For a free list of over twenty high yield gold and silver stocks, which you can download, sort, and update, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com