Bill Fleckenstein made the case in the last week to purchase gold miners, as their reserves are vastly undervalued compared to the current price of gold. Fred Hickey has been making this case for quite some time as well. Let’s examine the three gold miners they recommend.
(full disclosure … i own all three stocks: agnico-eagle, goldcorp and newmont)
note that if you are a Canadian, you can get the benefit of lower taxes on the dividends by buying them on the toronto stock exchange under the symbols AEM.TO G.TO NMC.TO