Comments on: Top 20 List of the Biggest Canadian Gold Stocks

By: John McCluskey

John McCluskey — Sun, 25 Jul 2010 02:34:50 +0000

In fact Alamos Gold Inc. does pay a dividend. You state the company does not. Alamos paid its first dividend this spring.

By: MoneyEnergy

MoneyEnergy — Sun, 27 Sep 2009 20:10:36 +0000

Thanks, you’re right. It’s listed on the TSE, but it’s been on the ASE since 1970.

By: Dennis

Dennis — Sun, 27 Sep 2009 19:41:28 +0000

Are you sure Centamin Egypt is a Canadian company? I believe it’s Australian.

By: MoneyEnergy

MoneyEnergy — Sun, 13 Sep 2009 16:00:24 +0000

@ARF – You know that Barrick has removed all their gold hedges, don’t you? This was the big news last week.

By: Amish Rake Fighter

Amish Rake Fighter — Sun, 13 Sep 2009 12:08:35 +0000

I own Osisko and Centamin and I’m looking at a few others

By: Amish Rake Fighter

Amish Rake Fighter — Sun, 13 Sep 2009 12:07:14 +0000

I would have bought XGD.TO (Canadian gold producers ETF) ages ago if it weren’t for the obscene overweighting of the bankrupt criminal enterprise known as Barrick Gold.

Their “hedge” is really $9 Billion of shorted gold that they don’t have….and they’re trying to cover it with a $3 Billion public offering

By: Blake

Blake — Sat, 12 Sep 2009 14:39:13 +0000

Makes sense. I would expect a decent sized revolt if the government attempted to ban gold ownership, but with the way things are changing in the world, you never know!

Thanks Money!

By: MoneyEnergy

MoneyEnergy — Fri, 11 Sep 2009 15:49:39 +0000

Hi Blake…good question. I do think it’s good diversification. Gold mining companies don’t always move in lockstep with bullion itself for a variety of reasons, some market oriented, some specific to the politics of where their mines are located. Thus yesterday we saw Barrick stock pullback even though bullion prices were still rising and at yearly highs. In the depression, it was made illegal after a while to own gold in the U.S., and gold stocks soared. Another advantage is that some miners are diversified into some other metals, too. But right now I think the market effect is the biggest advantage. It could allow you to take a wider range of benefits from gold going up, since sometimes bullion will be higher, faster, and sometimes the stocks can rise even higher than gold prices themselves (percentage wise). This is how I understand it at the moment, anyway.

By: Blake

Blake — Fri, 11 Sep 2009 13:53:14 +0000

Question for ya, Money…

What do you believe are the advantages to adding miners in addition to direct gold ownership? Obviously dividends are an attractive feature, but most of the dividends above are minimal or even nonexistent.

I do own a Canadian Fund; The Central Fund of Canada, which is split 50/50 in direct gold/silver bullion, but no mining companies. Wondering if it’s something I add…

-Blake