If you’re reading this article, then you probably want to know about gold exploration stocks. After all, this is the main reason why you’re reading this article right now. And it’s not just because you’re an avid gold investor. No, that’s not the reason at all. The truth is, most people who read articles on gold investing don’t know where to start or what to look for when they’re searching for gold stocks. This article will help you understand what gold exploration stocks are and how to pick the right one for your portfolio.
What is a gold exploration stock?
A gold exploration stock is a company that is actively searching for gold deposits. It may not have found anything yet, but it is actively looking for it. If you have a retirement account with a brokerage like Vanguard, you can invest in these stocks. And if you do, you can get a tax break for doing so.There are two types of gold exploration stocks: primary and secondary. A primary gold exploration stock is one that has already discovered gold. A secondary gold exploration stock is one that has discovered gold but is still searching for it.
What are the best gold exploration stocks for an IRA?
There are many different gold exploration stocks out there, but only a few of them are good for IRAs. The best gold exploration stocks for an IRA are:- Barrick Gold Corporation (ABX): This is the most popular gold mining stock. It has been in business since the 19th century, and it’s been one of the best gold exploration stocks for many years. It was the first company to discover gold in Canada, and it still mines gold there today. It also mines gold in Australia and Africa. It has a very good reputation for safety and environmental practices. It’s also one of the most profitable gold mining companies out there.- Newmont Mining Corporation (NEM): This is another very popular gold exploration stock. It has been mining for gold in the U.S. for many years. It is currently the third-largest gold mining company in the world. It has a very good reputation for safety and environmental practices. It also has a good dividend payout.- Kinross Gold Inc. (KGC): One of the best gold exploration stocks for an IRA is also a Canadian company. It has been mining gold in Canada for many years. It is one of the top gold mining companies in the world. It has a very good reputation for safety and environmental practices. It also has a good dividend payout.- Teck Resources (TKR): This is a Canadian company that mines and sells copper and gold. It has been mining for gold in Canada for many years, and it is one of the top gold mining companies in the world. It has a good reputation for safety and environmental practices. It also has a good dividend payout.
Bottom line
As you can see, there are many different gold exploration stocks to invest in for an IRA. However, the best ones for an IRA are Barrick, Newmont, Kinross, and Teck. If you want to get the best value for your money, you should buy these stocks when they’re at their lowest prices.