The U.S. dollar has been the world’s reserve currency for nearly 80 years. But that dominance is beginning to crumble.
Global central banks, worried about America's reckless spending and growing debt, are diversifying away from the dollar and moving into “hard assets” which can’t be printed – real assets like gold, silver, energy, and tangible commodities.
This means a major market shift is coming. You need to pay attention.
The gurus are seeing the warning signs, and they are recommending that investors take immediate action to protect their portfolios.
One clear signal of the dollar's decline is gold's meteoric rise. The yellow metal has surged to record highs this month, hitting over $2,600 an ounce. And that's just the beginning.
Here at Today’s Top Stocks, we’re staying ahead of this trend. That’s why today we’re recommending 5 “hard asset” stocks to protect your portfolio in the coming storm:
“Hard Asset” Stock #1: [Ticker symbol for Karim Rahemtulla's pick]
Legendary investor Karim Rahemtulla has a keen eye for stocks with explosive growth potential. And his area of focus is gold mining stocks.
In his October 11 article for Trade of the Day, Karim argues that gold mining stocks are the single best way to play a gold bull market. He notes that in the coming months, “nothing rivals the potential of a well-selected gold mining stock.”
According to Karim, these stocks offer several benefits over traditional gold investments:
- Leverage: Gold mining stocks benefit from rising gold prices – giving you the chance to see much bigger gains than you would by buying physical gold or a gold ETF.
- Operational Efficiency: Smartly-run mining companies are relentless about minimizing costs, which allows them to generate more profits from each ounce of gold that they mine.
- Exploration Upside: Many gold mining companies are sitting on undiscovered gold reserves. When a new discovery is made, these stocks can soar in value overnight.
Karim outlines a precise blueprint for identifying potential winners in gold mining stocks. He looks for:
- Strong Reserves and Resources: The more gold a company has, the more it stands to benefit when gold prices rise.
- Low Production Costs: The less it costs a company to pull gold out of the ground, the stronger its profit margins.
- A Seasoned Management Team: Mining is a complex business, so it’s essential to have a team with a solid history of success.
I’ve analyzed Karim’s top gold mining stocks, and one pick stands out. [Ticker symbol from his article] has all the ingredients for explosive growth – massive reserves, low production costs, a proven management team, and an exciting new exploration program.
This stock is a textbook play to profit from rising gold prices.
“Hard Asset” Stock #2: [Ticker symbol from Peter Schiff's gold miner stock pick]
Peter Schiff has been a vocal advocate for gold for years. He is a staunch critic of the Federal Reserve and its reckless monetary policies, and he believes that we are heading for a major currency crisis.
In his recent October 11 article for SchiffGold, Peter states that: “I’ve written many times before— we still see significant upside for gold. Especially if Kamala is elected.”
This makes sense. Kamala Harris is the ultimate spendthrift, and her economic policies will undoubtedly lead to even faster inflation. With more dollars flooding the system, gold – and this gold mining stock in particular – are poised to take off.
Peter points out a remarkable anomaly in the market right now:
> The price of gold has soared to an all-time high. But many gold companies are laughably cheap. This is pretty strange when you think about it; a gold miner’s revenue is denominated in… gold! And many of these companies are starting to see soaring revenues and record profits. Yet their stock prices are still languishing.
In other words, Peter argues, now is a golden moment to buy shares of highly undervalued gold companies – because they will become significantly more valuable as gold prices soar.
Of all the gold companies, Peter sees [Ticker symbol from his article] as the single best pick for 2024.
> This is pretty strange when you think about it; a gold miner’s revenue is denominated in… gold! And many of these companies are starting to see soaring revenues and record profits. Yet their stock prices are still languishing.
He highlights the company’s strong financials, world-class management team, and extremely low production costs – which allow it to remain highly profitable even if gold prices were to drop.
“Hard Asset” Stock #3: NWBI
If you’re looking for a safe “hard asset” stock with a rock-solid 6% dividend yield, Marc Lichtenfeld has you covered.
Marc is a veteran income investor that knows how to identify companies that will consistently pay (and raise) their dividends.
In his recent October 16 article for Wealthy Retirement, Marc takes a detailed look at Northwest Bancshares (NWBI) – a small-cap bank that’s been delivering steady growth in net interest income (their equivalent of cash flow).
> Northwest Bancshares has been steadily growing its net interest income for years. It generated $361 million in net interest income in 2020, $391 million in 2021, $421 million the following year and $436 million last year. This year, the company is forecast to bring in $450 million in net interest income.
But here’s why this stock really stands out…
> In the meantime, it paid out only $102 million in dividends last year for a payout ratio of just 23%. It is expected to maintain the same payout ratio this year.
In other words, for every dollar of income that Northwest Bancshares produces, it’s paying out just $0.23 in dividends. That leaves a massive cushion to keep paying dividends – and potentially even raise them – even if the economy starts to weaken.
With NWBI you get a safe 6% yield – and the peace of mind that your dividend is going to keep paying, no matter what’s happening in the broader economic environment.
The U.S. dollar looks strong now. But history tells us that when an empire starts to crumble, its currency does, too.
Today you have the chance to get ahead of this trend.
Click here to download our free report on how to secure your wealth during a currency crisis.
Tomorrow, we’ll talk about “the other side of the coin.” While some investors are moving to safety, others see a huge opportunity in a new wave of disruptive technology. I’m talking about Artificial Intelligence… and 5 ‘next-gen’ companies that could explode higher in the months to come.
