According to billionaires, the best gold stocks to invest in

We've compiled it recently According to the billionaire, there are 12 best gold stocks. In this article, we will explore the position of Wheaton Precious Metals (NYSE:WPM) against other gold stocks.

In the global metals industry, the gold industry is essential because it provides profitable opportunities for long-term investors and store of value in times of crisis. Due to the period of inflation and geopolitical unrest, gold remains one of the most popular precious metals in the world, as well as its growing use in cutting-edge technologies.

according to ReutersAs of March 2025, gold prices have risen to their all-time highs, with spot prices reaching $2,936.38 per ounce and U.S. gold futures as high as $2,956.10. Recording central bank purchases, growing concerns about inflation and changing global monetary policy have all contributed to this surge, making gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased due to the increasing uncertainty brought about by the ongoing trade war between investors in the United States and China, resulting in supply chain disruptions and retaliatory tariffs.

Gold generated a 43.83% return in 2024, which is higher than the 20.89% growth in the overall market. The total demand for gold reached a record 4,974 metric tons, supported by over-the-counter investment and strategic central bank hoards, especially in emerging countries such as China and India. According to the Central Bank, the central bank has purchased more than 1,000 metric tons for the third consecutive year. World Gold Council. This accumulation enhances the attractiveness of gold, part of a larger trend away from the U.S. currency. Despite the high costs being 11%, the premium investors are willing to pay in the current inflationary environment is reflected in a 9% increase in total spending on gold jewelry.

Strong demand for investment further supports the market momentum. Demand for actual bars and coins remains steady at 1,186 tons, while the ETF has not been significantly extracted for the first time since 2020. Technology usage has also increased by 7% due to the use of gold in semiconductor and artificial intelligence applications. Arbitrage opportunities have increased by 80% of U.S. COMEX inventory since the second half of 2024 as gold moves to the U.S. from Asian markets such as Dubai and Hong Kong.

Additionally, billionaire investors have increased their focus on the metals industry. according to 2024 UBS Billionaire Ambition Report40% of wealthy investors intend to expand their holdings in gold and other precious metals in the coming year. Warren Buffett's conglomerate chose mining stocks over actual gold, while Jeff Bezos and Bill Gates have invested $537 million in the rare metals industry in Africa. This is part of a larger strategy towards assets related to technology and sustainable energy. Eight out of the top 100 billionaires Forbes In mining and metals, their wealth highlights the industry's continued profitability.

According to the Billionaire, to create our 12 best gold stocks, we looked at the exclusive database of billionaire stock holdings at Insider Monkey. Based on the people with the largest number of billionaires investors as of the fourth quarter of 2024, we selected the 12 best gold stocks. We take the total value held by billionaires as a secondary criterion, ranking stocks with the same number of billionaires. According to Insider Monkey's database, we also considered the number of hedge funds holding their respective stocks.

Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).

Number of billionaires investors: 7

Number of hedge fund holders: 36

One of the best precious metal streaming businesses operating in North America, South America, Europe and Africa is Wheaton Precious Metals Corporation (NYSE: WPM). Long-term purchase agreements related to gold, silver, palladium, platinum and cobalt are the company's main source of value. Wheaton Precious Metals (NYSE: WPM) has a $119.5 million billion billionaire holding company and is one of the best gold stocks.

Wheaton Precious Metals (NYSE: WPM) reported record revenue of $381 million for the fourth quarter ended December 31, 2024, thanks to outstanding performance of major assets. Operating cash flow increased by 30% to $319 million, while adjusted net income reached a record $19 million, or $0.44 per share, a year-on-year increase of 21%. Supported by solid asset contributions and favorable commodity prices, revenue grew 26% to $1.3 billion for the full year of 2024, while adjusted net profit rose 20% to $640 million.

The fourth quarter production helped 187,000 Geos, a 14% increase over the previous year, from Constancia and Solobo, respectively. Wheaton has 635,000 GEOs throughout the year, exceeding its guidance. In 2025, it is expected to have 600,000-670,000 GEO. With an annual throughput of over 35 million tons, Salobo III is now fully operational, and Peñasquito has also recovered from previous setbacks.

In 2024, Wheaton Precious Metals (NYSE: WPM) pledged $910 million to reach four major deals, including the Koné Project, the company’s largest streaming protocol in nearly a decade. To speed up delivery, it also modified its Blackwater deal. In addition to maintaining a $2 billion non-credit line and $818 million in cash, the company also raised its quarterly dividend by 6.5% to $0.165 per share.

Wheaton Precious Metals (NYSE:WPM) expects output to grow significantly in the future, with a target of 870,000 geographical locations by 2029, with more than 950,000 geographical locations per year. Until 2034, the company has good long-term growth, with good growth, and plans to start production in nine development stages in the next five years, and start production in the next five years, and in the King and higher Kinders.

Overall WPM Ranked 12th According to billionaires, on our list of best gold stocks. While we acknowledge the potential of WPM as an investment, our belief is that certain AI stocks have greater returns and offer greater hope in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than WPM but have less than 5 times its earnings, check out our report Cheapest AI stocks.

Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.

Disclosure: None. This article was originally published in Internal monkey.