Gold mining stocks Instead of investing in precious metals themselves, you could invest in the companies that mine them. Doing so gives you more potential for growth than physical gold; as company management improves its production and extracts more profit from their operations, it’s possible that share prices will rise faster than the price of the gold itself. Keep in mind, though, that the reverse is also true: if company management makes poor decisions, if operational issues put pressure on profit margins, or if corporate debt level rises too high, the share price can drop, even as the price of gold rises. Canada has long been home to a group of well-known, well-established gold miners. Barrick Gold, Kinross Gold and Agnico-Eagle Mines are some of the best-run gold companies in the world, with international operations, deep management expertise and a long track record of profitability – along with stock prices which reflect that excellence. Canada is also home to a great many junior and speculative gold mining companies that offer the potential for extraordinary returns, albeit accompanied by considerable risk. Streamers and royalty companies Another possibility is to invest in the companies that purchase royalties and revenue streams from precious metals miners. Canadian companies such as Wheaton Precious Metals, FrancoNevada Corporation and Sandstorm Gold serve as financiers for exploration efforts and mine production costs. In return for a large lump sum, they receive an ongoing slice of mineral production (usually at a discounted rate) for a given number of years. Such a structure allows the streaming company to build a portfolio of mineral royalties and streams without having to deal with the execution and operational risk of running an actual mine. That’s a pretty attractive structure which minimizes risk for investors – part of the reason why such streamers often trade at lofty valuations. If you’re interested in adding some gold to your portfolio, don’t just jump in. Precious metals (and mining in general) can be a notoriously volatile sector of the market, with significant swings both up and down that depend on a variety of economic and political factors which can be very hard to predict. All of which means that it’s vitally important to do your homework before you put money to work in the sector, and thoroughly understand the longer-term strategic rationale for including gold in your portfolio. Ideally, that homework should include a discussion with an experienced financial professional, one who can help you articulate the strategic purpose of your investment and identify investment options appropriate for your risk tolerance and your long-term goals. This is the best way to ensure that your investment in precious metals stays golden throughout your retirement. Finance Don't let our name fool you - we deliver to all States and Canada! DRIVEAWAY SERVICE Please contact us for your vehicle delivery needs. 1-888-653-5674 www.carstoflorida.com Reasonably priced custom car delivery made easy. We Drive and You Fly Driveaway is the driven delivery of your vehicle to your address or airport of landing. CarsToFlorida has been reliably handling Snowbird delivery since 2007. CSANews | FALL 2025 | 31
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