Whether you want to admit it or not, the market crash is coming. In fact, the future of Canadian investors could experience several market crashes. Unfortunately, the pandemic wasn’t the only reason for the March market recession. For more than a year, economists have warned investors that a crash will come. This is due to the fact that it has assumed debt for more than 10 years since the last financial crisis. Now the country has to pay.
Instead, thanks to the pandemic, countries continue to take on even more debt. It is estimated that global debt could reach $ 277 trillion by the end of the year. And that’s the only thing investors haven’t changed, that’s why they’re heading for gold.
Gold stocks are a safe haven for investors during times of crisis. Even Warren Buffett dipped his feet in the golden sea. However, not all gold inventories are the same. In fact, there are many moves that investors should pay attention to these days.
Let’s start with an obvious choice.Even though Warren Buffett trimmed the stakes he had Barrick Gold Corporation (TSX: ABX)(NYSE: GOLD) Recently it is still invested by Buffett Gold — sWhat he never thought of doing. However, Barrick has made several acquisitions over the past few years, bringing strength and diversity. That portfolio is something that even Buffett can’t ignore.
And you can’t ignore your income either. Rewinding in September 2019, the company saw a year-on-year increase of about 2%. Fast forwarding today, it soared to a 39% year-on-year increase! Earnings per share (EPS) increased 97% and EBITDA increased 53%. As a result, the situation is clearly on track, including a 27% increase in market share from a year ago. Even after falling from Buffett’s sale.
If you’re in Buffett’s portfolio but are a little skeptical about Barrick’s future, you can always count on it. Streaming Company. Wheaton Precious Metals Corporation. (TSX: WPM)(NYSE: WPM) It removes many risks from the equation by providing the cost of setting up a mine. Then, when those mines attack gold (or other metals), the company will buy them below wholesale. Then it sells those minerals all over the world.
The company is steadily increasing its profits in response to the demand for gold. More recently, revenues have increased by about 24% year-on-year, EPS has increased by 3,145%, and liabilities have fallen by almost half last year. In addition, stock prices have risen 49%, making this a major investment during the recession.
The mine is changing. Acquisitions and mergers are ubiquitous, creating a diverse portfolio around the world.This good example is Kirkland Lake Gold Co., Ltd. (TSX: KL)(NYSE: KL)..One of the company’s main goals is GetTo make it bigger, better and to be a huge competitor in the gold mining industry.
Revenues surged this year, with the company’s latest revenue report showing an increase of about 75% year-on-year. Still, the company trades much like it did a year ago. This may be due to the optimistic view that investors can make a profit in the wider market. However, it is also a great opportunity to buy this stock before it crashes.
Now is the time to prepare for the crash of gold stocks. Each of these stocks has the potential to jump dramatically during the next crash. Even Warren Buffett thinks so. So start your research and add these to your future gold stock watch list.
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Stupid contributor Amy Legate-Wolf There are no positions in any of the listed stocks.
Three Top Gold Stocks to Buy Before 2021
https://www.fool.ca/2020/12/27/3-top-gold-stocks-to-buy-before-2021/ Three Top Gold Stocks to Buy Before 2021