Forget Gold -- Your Money Is Better Off in These 3 Stocks
Everywhere around us, the cost of investments looks incredibly high. The S&P 500 is trading at all-time high valuations, a 10-year treasury note only pays about 2.4%, and the price of bitcoin is moving so fast that there is no point in trying to give a published number. For a lot of people, these things might smell like a bubble, which has a tendency to cause investors to flock to contrarian investments like gold.
To paraphrase Warren Buffett on gold, it's right to be fearful at times, but going to gold as a safe haven isn't the best answer. So in the spirit of this idea, we asked three of our investing contributors to highlight stocks they see as better investments than gold. Here's why they picked Gramercy Property Trust (NYSE: GPT), Royal Gold (NASDAQ: RGLD), and Franco Nevada (NYSE: FNV).
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Source: Fool.com