Gold stocks: The best dividend shares in town?

Gold stocks: The best dividend shares in town?

July 5, 2021 flnyealrfrnf 0

first_img Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address See all posts by Royston Wild I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Our 6 ‘Best Buys Now’ Shares Newsflow around the coronavirus is likely to remain hairy for some time yet. It pays therefore to remain well invested in gold.Share markets might have been in recovery for the past couple of days but safe-haven asset gold has remained well bought, too. The yellow metal has sprinted back towards $1,650 per ounce this week, in fact, and could be set for a fresh challenge to the recent seven-year peaks around $50 higher.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Some encouraging data on Covid-19 infection rates boosted stock investor appetite at the start of the week. This showed the rate of spread slow in some parts of the world like Europe. Signs that Chinese society is getting back to the cut and thrust of normal life boosted sentiment as well.Corona concernsDon’t think that we are over the hump, however. A record 828 UK citizens have lost their lives in the past 24 hours because of the coronavirus. And in the US, a daily high of 1,858 deaths has just been reported. Also today, the World Health Organisation’s regional director, Dr Hans Kluge, said that the progress Europe had made in battling the crisis was “extremely fragile.”He added that “we still have a long way to go in the marathon… to think we are coming close to an end point would be a dangerous thing to do.”It’s clear, then, that demand for flight-to-safety assets could continue to boil for many months. It’s a theme that has already lit a fire under bullion demand since the start of 2020, as fresh World Gold Council (WGC) data today shows.Gold gainsAccording to the body, global gold-backed exchange-traded funds (ETFs) and similar products added a whopping 298 tonnes of the shiny stuff during the first quarter. This was the largest inflow of new material for any quarter since 2016.The value of these inflows amounted to $23bn, too, the highest quarterly figure ever.More than half of the material (an enormous 151 tonnes) added during the first quarter flowed in during March when the coronavirus panic hit fever pitch. Total holdings now stand at record peaks of 3,185 tonnes.Dividend darlingsDon’t just think of gold as a great play on current pandemic-related nervousness, though. Demand for the safe-haven asset and hard currency has in truth been flying for well over a year now, as WGC figures have repeatedly shown.Global gold-backed ETF assets have swelled 56% during the past 12 months, reflecting rising fear over the world economy, major political troubles like Brexit and US-Chinese trade wars, and increasing inflationary concerns as central banks have slashed benchmark rates.Some of the UK’s quoted bullion diggers have boomed in value on the back of this rampant investment interest. The FTSE 100‘s Polymetal, for one, is up 66% since this point in 2019. Meanwhile the FTSE 250’s Centamin has soared by almost half.The prospect of more share price strength isn’t the only reason to buy these shares today, though. At current prices both still boast mighty dividend yields of 5.4% and 4.6% respectively. Simply click below to discover how you can take advantage of this. Gold stocks: The best dividend shares in town? Image source: Getty Images. Royston Wild | Wednesday, 8th April, 2020 last_img

 

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