Bitcoin Versus Gold: Which Should You Invest in?

10/30/2024 04:01
Bitcoin Versus Gold: Which Should You Invest in?

Investors can buy Bitcoin and gold through these stocks and ETFs.

  • (2:10) - Breaking Down Bitcoins Recent Performance

  • (6:30) - What Are Some Alternative Investment Strategies For Bitcoin?

  • (11:00) - Should You Be Buying Gold As It Continues To Hit New All Time Highs?

  • (15:20) - What Are The Best Investments For Gold Right Now?

  • (22:45) - Will Silver Ever Catch Up To Gold?

  • (27:40) - Episode Roundup: MSTR, MSTU, FNV, NEM, EGO, GDX, SLV, GLD, AGQ, PAAS

  • [email protected]

Welcome to Episode #422 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.

This week, Tracey is joined by Jeremy Mullin, the editor of Zacks Commodity Innovators, to discuss if investors should invest in Bitcoin or gold.

Obviously, investors can buy Bitcoin or gold directly. But what if you want to buy it through a stock or an ETF? Tracey and Jeremy looked at a couple of different investments.

Should you dive in?

How to Invest in Bitcoin and Gold Through Stocks and ETFs

1.      MicroStrategy Inc. (MSTR)

MicroStrategy is a company that is in the business of owning Bitcoin. It doesn’t even have a Zacks Rank anymore as it has no analyst coverage.

But because Bitcoin is up this year, so is MicroStrategy’s stock. Shares of MicroStrategy have jumped 304% year-to-date.

Is MicroStrategy an easy way to own Bitcoin?

2.      2X Long MSTR Daily Target ETF (MSTU)

If being long MicroStrategy isn’t enough for you, maybe buying the 2X long ETF is for you? Launched in Sep 2024, the MSTU has already attracted $90 million in assets.

MSTU is up 92% in the last month but a reminder, the 2x long, and short, ETFs are not designed to buy and hold. They’re designed to be traded.

But if that’s what you’re looking for, the MSTU may be the right play for you.

3.      SPDR Gold Shares ETF (GLD)

Forget looking through your jewelry box for those old gold rings and necklaces. Investors can play gold by buying the Gold ETF, the GLD. It has been around two decades and GLD has pulled in $73 billion in assets.

Shares of GLD will trade with the price of gold. It shouldn’t be surprising, with gold hitting new all-time highs, that GLD is too. GLD is up 32.5% year-to-date. Not too shabby.

Is it time to buy gold through GLD?

4.      Newmont Corp. (NEM)

Newmont is a large cap gold mining company. It recently reported earnings. It’s reported disappointed the Street. Shares of Newmont fell 16% on the news.

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