With the fear trade surging higher these days, investors will do well to consider precious metal mining firms. True, the underlying assets are simply commodities at the end of the day. However, because of their intrinsic worth and long history of representing stores of value, nothing shines quite like gold during periods of turmoil. But could the same cynical benefit apply to gold penny stocks?
Since the Federal Reserve seems reluctant in raising benchmark interest rates too fast too soon, the money stock issue might not be addressed for a while. While that hurts the American people in the long run, it could help lift these gold penny stocks to buy.
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