Like Gold? If So, Buy Gold-Mining Stocks

Economic turmoil and a declining dollar are bullish for bullion. But the stocks are more attractive than the metal itself.

Few investments stir passions the way gold does. Its advocates see it as insurance against inflation, economic calamity and profligate governments. Its critics argue that gold's price is essentially driven by emotion and that, therefore, trying to determine the metal's true value is an exercise in futility. On top of that, note the skeptics, gold throws off no current income.

All of these arguments have merit, but for now the gold bulls seem to have the upper hand. If you don't own any gold, this may be a good time to add the yellow metal to your portfolio. Better yet, consider buying gold-mining stocks, particularly if you can stand an extra nugget of volatility.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Kathy Kristof
Contributing Editor, Kiplinger's Personal Finance
Kristof, editor of, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. But perhaps her biggest claim to fame is that she was once a Jeopardy question: Kathy Kristof replaced what famous personal finance columnist, who died in 1991? Answer: Sylvia Porter.