Amid the market turmoil recently, very few investments have performed well. One sector that has gone against the grain in a positive sense is the aerospace and defense ecosystem due to worsening geopolitical conditions. Another arena that may enjoy bullish support is gold. Now, investing in physical gold has its challenges, which is why Agnico-Eagle Mines (AEM) may offer an attractive alternative.
To be sure, AEM stock doesn’t represent a direct play on the underlying precious metal. However, physical bullion imposes difficulties in terms of storage and protection, among other things. By putting funds in a gold miner, investors can potentially benefit from both the operational component as well as the broader fundamentals that bolster the metal’s spot price.
