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Stock impact report

Should TFSA Investors Buy Gold on a Dip? [Globe and Mail, The (Toronto, Canada)]

Barrick Mining Corporation Common Shares (B) 
Last barrick mining corporation common shares earnings: 4/24 06:30 am Check Earnings Report
Thus, only a small portion of the portfolio is allocated to gold stocks as it doesn't generate significant returns in a growing economy. However, times have changed, and gold stocks have outperformed the market, delivering returns equivalent to high- growth stocks . If gold stocks are enjoying significant growth, should you invest in them through the Tax-Free Savings Account (TFSA)? After all, a TFSA allows your investment to grow tax-free and also allows you to withdraw it tax-free. Should TFSA investors buy gold on a dip? Over the last five years, the gold price surged 173% from a little above US$1,600/oz to US$4,785/oz, and this is when the gold price dipped in March because of the Iran war. Before March, the price crossed US$5,300/oz. Behind the gold price rally is gold buying by central banks worldwide. The fear of de-dollarization, tariffs, and wars is encouraging many countries' central banks to increase their gold reserves. China has been buying gold for 17 straight mo Show less Read more
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