Of course, GLD isn't your only option for gold exposure. Another interesting one is Newmont Mining (NEM), the world's second-largest gold miner. One of the most attractive attributes in Newmont is the discount that this stock has been sporting lately.
Miners as a group have failed to mirror gold's rally in 2011, even though gold spot prices flow directly through to their income statements each quarter. That disconnect makes miners particularly attractive right now.Newmont addresses some of that gap by locking its 2% dividend payout to the price of gold. The fact that investors' fortunes are aligned with Newmont's makes this a unique way to make a macro bet on gold. Newmont, which I also featured in "7 Stocks Dishing Out Bigger Dividends," shows up on a recent list of 6 S&P 500 Stocks Poised to Outperform the Index.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV