5 Best Mining Stocks to Buy Now

Gold mining stocks have been on a tear in 2020, but they're not the only way to profit off digging into the ground.

mining vehicles
(Image credit: Getty Images)

When investors think of mining stocks, they typically think of gold miners – the firms that search for and extract gold, and become popular whenever gold prices soar, like they have in 2020.

Gold mining stocks, often used as a hedge against disaster, can indeed be fruitful investments. Factors such as uncertainty and fear in traditional stocks, or a weak U.S. dollar, can drive gold prices (and in turn, gold stocks) higher, and because their prices aren't strongly correlated to the broader market, they can be a useful source of portfolio diversification.

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Ken Berman
Contributing Writer, Kiplinger.com
Email: ken.berman@gorillatrades.com Website: gorillatrades.com LinkedIn: Gorilla Trades Phone: (866) 222-6639 Ken Berman has been buying and selling stocks since he was a teenager and met with early success trading then-fledgling biotech stocks like Amgen, Biogen and Immunex. He later became a broker and worked for two wire houses, where he developed a proprietary system for buying and selling equities. In 1999, Mr. Berman formalized his method under the Gorilla Trades name and now has subscribers in the U.S. and 55 other countries around the world.