When you invest in gold stocks, you’re making a commitment to a specific sector of the market. That said, not all gold stocks are created equal. Some have a proven track record in the industry, while others are just getting their footing. For this reason, it’s important to do your research before choosing a specific company to invest in. If you’re looking to invest in gold stocks through a self-directed IRA, here are some companies that have a track record of success and may be worth your consideration.
Camrose Industries Inc.
Camrose is a gold exploration company that focuses on properties in Nevada, New Mexico, and Alaska. The company has two primary properties: the Golden Spike Mine and the Black Hills Mine. The Golden Spike Mine is a historic gold mine that is currently being re-mined and is expected to be in production by 2021. The Black Hills Mine is an open-pit gold mine that is currently in operation.Camrose has a market cap of $1.22 billion and is currently trading at $19.68 per share.
Ametco Minerals Inc.
Ametco is an exploration and mining company that is focused on the acquisition, exploration, and development of gold properties in the United States. The company currently owns properties in Nevada, Arizona, and New Mexico, where it is exploring for gold. The company has a market cap of $100 million and is currently trading at $1.88 per share.
Mera Mining Corp.
Mera Mining is a gold exploration company that is focused on the acquisition and exploration of gold properties in Brazil. The company has two primary properties: the Morro Velho Mine and the Cerro de Cananea Mine. The Morro Velho Mine is an open-pit gold mine that is currently in operation. The Cerro de Cananea Mine is a historic gold mine that is currently being re-mined and is expected to be in production by 2021. Mera has a market cap of $68.2 million and is currently trading at $2.88 per share.
Summing up
There are many great gold exploration stocks that may be worth investing in. However, before you invest in any company, it’s important to do your research to make sure it’s a good fit for your investment strategy. With that said, there are many companies with a proven track record in the gold industry that could make excellent investments for your IRA. It all comes down to finding a company that aligns with your investment strategy and risk tolerance.