Should you invest $1,000 in Hamilton Technology Yield Maximizer Etf right now?

Before you buy stock in Hamilton Technology Yield Maximizer Etf, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Hamilton Technology Yield Maximizer Etf wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,058.57!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 38 percentage points since 2013*.

See the Top Stocks * Returns as of 2/20/25

3 Reasons Barrick Gold (TSX:ABX) Could DOUBLE in 2020

Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) is the best proxy for gold’s resurgence in 2020. The stock could double before the end of the year.

| More on:

Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) has had an incredible run this year. In the midst of chaos, the gold miner has seen its valuation surge 51% year to date. Now it’s worth a jaw-dropping $64.5 billion. That’s higher than it’s been in eight years. 

While it’s easy to assume the stock is running out of steam, there are plenty of reasons for Barrick Gold to surge much higher before the year ends. Here are my top three reasons why Barrick Gold stock could double before Christmas. 

Barrick Gold stock valuation

Objectively speaking, Barrick Gold stock is undervalued by most conventional measures. The stock trades at just 11 times earnings. Meanwhile, the rest of the stock market trades at a P/E ratio of 22. In other words, Barrick Gold is undervalued by half!

But that’s not all. The stock also trades at four times sales and twice book value per share. That’s a bargain for a company that’s mining one of the most precious metals on the planet — let alone the fact that this precious metal is likely to appreciate by the end of the year. 

Flight to safety

Gold is considered the ultimate safe haven. Investors tend to flock to gold when markets become unpredictable and the economy nosedives. That’s what might be on the horizon. 

For now, government policies have delayed Armageddon. In Canada, programs such as the Canada Emergency Relief Benefit (CERB) have helped ordinary citizens pay their bills. Meanwhile, banks have been pushed to defer mortgage and interest payments. These programs will eventually end, however.

When the support programs end, the economy will start to reflect the pain and damage that this crisis has brought. That could push investors to gold investments and push Barrick Gold stock much higher. 

Money printing

Those expensive relief packages I mentioned above? Well, those have all been financed by government borrowing. Across the world, governments have borrowed a historic amount to deal with this crisis. 

There’s simply no way the economy and tax collections can pay this amount back. Instead, governments need to print more of their own currency to cause inflation so that the debt dissipates over time. Central banks have been printing money relentlessly. This devalues all currencies and pushes the value of hard assets, like gold, higher. 

Barrick Gold stock tends to reflect this upward climb in gold’s market price. As gold becomes more valuable, Barrick’s operations become more profitable and its book value expands. 

Bottom line

Savvy investors across the world have been betting on gold as the economy becomes ever more shaky. Even central banks are hoarding the precious metal, as their money printers hit an unprecedented pace. With this in mind, you should probably consider adding some gold exposure to your portfolio.

Gold miner Barrick Gold is probably the best proxy for this commodity. The miner’s stock tends to outperform the market price of gold by a wide margin. I believe  there are plenty of catalysts to push this stock much higher by the end of 2020.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Vishesh Raisinghani has no position in any of the stocks mentioned.

More on Investing

ways to boost income
Stocks for Beginners

Best Canadian Stocks to Buy With $7,000 Right Now

Got $7,000 to invest in your 2025 TFSA contribution? Here are three diverse Canadian stocks to add right now.

Read more »

Paper Canadian currency of various denominations
Dividend Stocks

Here’s How Many Shares of ZMI You Should Own to Get $500 in Monthly Dividends

This BMO monthly income ETF is diversified and easy to understand.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Wednesday, March 19

The U.S. Federal Reserve’s interest rate decision, press conference, and economic projections will remain on TSX investors’ radar today.

Read more »

Rocket lift off through the clouds
Tech Stocks

Plummet or Opportunity? Why This TSX Stock Could Skyrocket From Here

This TSX stock may be down for now, but don't count it out as a solid long-term growth opportunity.

Read more »

dividends can compound over time
Dividend Stocks

Tariff Risks Are Rising: Here’s How to Stay Ahead as an Investor

Are you worried about tariffs? Worry no more and protect yourself with these three stocks offering protection.

Read more »

investor looks at volatility chart
Dividend Stocks

Market Correction: 3 Canadian Stocks to Buy Before Prices Rebound

These three Canadian stocks certainly offer a lot to investors, such as stability and value, but growth is definitely in…

Read more »

trends graph charts data over time
Tech Stocks

Buy the Dip: 2 Top TSX Stocks You Can Hold Forever

Canadian investors with a sizeable risk appetite should consider holding TSX stocks such as Shopify to benefit from outsized gains.

Read more »

a person prepares to fight by taping their knuckles
Dividend Stocks

Tariff Trouble: How Canadian Investors Can Protect Their Portfolios

Canadian investors can protect themselves against Trump tariffs through diversification.

Read more »