Three Gold Mining Funds to Buy as Precious Metal Price Goes Sky High

10/21/2025

The three gold mining funds to buy as precious metals go sky high are driven by catalysts that are nowhere near ready to die, according to those who track the markets and metals closely. Forecasters are predicting gold could rise to $5,000 per ounce and beyond to achieve a 25% gain from $4,000 per ounce milestone market it met last week.

Gold mining funds should shine as the gleaming yellow metal remains above $4,000 per ounce mark, but pulled back Oct. 21 to $4,074.20, or a dip of 1.20% on the day. Gold is incurring a modest pullback from last Friday evening, Oct. 17, when it had reached $4,267.30 per ounce for a 5.64% gain from the prior day’s finish.

Wall Street investment firms and market forecasters alike are urging investors to buy gold as economic factors keep driving up its price. One of the prognosticators is Rich Checkan, president and chief operating officer of Rockville, Maryland-based Asset Strategies International, who told me gold is far from topping out. He has a deep history in precious metals and helped Asset Strategies International to become a full-service provider of gold, silver and rare coins. Momentum still is strong for gold and silver bulls, he added.

Three Gold Mining Funds to Buy as Precious Metal Price Goes Sky High: Skousen’s Strategies

Gold has turned out to be a better inflation/crisis hedge than bitcoin, wrote Mark Skousen, PhD, to his subscribers. As the head of the Forecasts & Strategiesinvestment newsletter and the TNT Trader advisory service, Skousen tracks the markets closely and commented that gold has “outperformed bitcoin” this year by a substantial margin. Bitcoin and other cryptocurrencies seem to move more with tech stocks than with gold, he added.

Gold just days ago had reached $4,300 an ounce and could rally again soon to set new record highs, Skousen opined. He recalled a promotion earlier this year for his Forecasts & Strategies newsletter in which he cited the rise in gold and silver stemming from factors such as “stubborn inflation, Trump’s tariffs, Fed interest rate cuts,” geopolitical instability amid wars, out-of-control federal deficits and debt financing.

“Last, but not least, central banks are losing faith in the dollar as the world’s currency,” Skousen wrote to his subscribers. “China and other countries are dumping Treasuries in favor of gold.”

Ben Franklin scion Mark Skousen heads Forecasts & Strategies and TNT Traderwith Paul Dykewicz.

Among his current recommendations in Forecasts & Strategies, SPDR Gold Shares (GLD, $396.50) is ahead 64% year to date and Kinross Gold (KGC, $25.47, 0.5% yield) is up 187% already this year. GLD is not exclusively a gold mining specialty fund, but one that fits that description is VanEck Vectors Gold Miners ETF (GDX).

Chart courtesy of www.stockcharts.com.

The Retirement Watch investment newsletter has recommended gold miners since early this year when they were trading at solid discounts to gold itself. Carlson recommended an income-paying exchange-traded fund (ETF), iShares MSCI Global Gold Miners (RING), in his Retirement Watch investment newsletter.

Bob Carlson heads Retirement Watch.

Since then, mining company shares have been making up lost ground. Carlson recently wrote that he expects them to reestablish their usual relationship to gold. RING more than doubled in the past 12 months.

Chart courtesy of www.stockcharts.com.

In the recently completed edition of Retirement Watch investment newsletter, Carlson wrote that 2025 began with a strong rally, then settled into a trading range. It began to surge again in August after Fed Chairman Jerome Powell indicated lower interest rates were imminent.

As for gold, the precious metal had positive returns for each of the last eight calendar quarters, the third-longest such streak on record, Carlson commented. The gold price more than doubled over that period, he added.

Six Dividend-paying Gold Mining Investments Shine: Connell Says Put a RING on It: Portia Power

A need exists for investors to diversify with gold, Bitcoin and even other cryptocurrencies, said Michelle Connell, who heads Dallas-based Portia Capital Management. Investors should consider three additional risks when making their portfolio allocations: the devaluation of the U.S. dollar, declining domestic interest rates and record-high valuations for U.S. equities, Connell said.

Connell advised that an allocation to gold is smart. She also likes exposure to cryptocurrency for up to 5% of one’s holdings for some of her Portia Capital Management clients.

Michelle Connell heads Portia Capital Management.

Those familiar with the famous “Single Ladies” song by “Beyoncé,” the solo name moniker of popular entertainer Beyoncé Giselle Knowles-Carter, may recall the lyrics that advise commitment-shy men to “put a ring on it.” Connell similarly is advising her clients to put a RING on their portfolios to gain exposure to the gold-focused mining fund.

Gold mining stocks not only have outperformed gold in 2025 but have jumped more than 50% so far this year, Connell said. Most of the gold mining ETFs soared more than 90% in 2025.

“However, since the beginning of the week of October 20, the price of gold is down 6% and gold mining stocks are down almost 10%,” Connell told me. “With the recent pullback for both, it might be time to establish strategic positions. If the 2026 forecasts for a continuing decline in the U.S. dollar and rising inflation are correct, gold will benefit, but gold mining stocks will benefit even more due to their operating leverage.”

Since 2017, Bob Carlson has recommended investing in gold through the exchange-traded fund (ETF) iShares Gold Trust (IAU), a fund that also offers exposure to gold miners. The fund gained 10.11% in the last four weeks, 20.60% in the latest three months, 52.66% for the year to date and 52.23% over 12 months.

Stocks of gold mining companies finally joined the gold rally after lagging for several years, Carlson counseled. Shares of gold miners usually move in the same direction as gold but by a greater percentage, he added.

Chart courtesy of www.stockcharts.com.

Much of gold’s gains since 2021 resulted from central banks, especially in Asia, switching part of their reserves from the U.S. dollar to gold. That trend is likely to continue, Carlson predicted.

Three Gold Mining Funds to Buy as Precious Metal Price Goes Sky High: Geopolitics

President Trump has spoken recently with Russia’s President Vladimir Putin and Ukraine’s President Volodymyr Zelensky, but peace between the nations still seems unattainable. Whether the United States will give Ukraine Tomahawk missiles to reach long-range targets remains under consideration.

Zelensky’s stance is that such missiles might bring Russia to the negotiating table. But Putin has been unwilling to end the war he started nearly four years, despite a heavy loss of soldiers and rising resistance in Russia for sacrificing more of its citizens in a persistent land grab of sovereign territory from its neighboring nation.

Central banks worldwide have been buying gold for more than a decade, especially during the past three years. The result is that the precious yellow metal has surpassed the euro as the world’s second-largest reserve asset this year, trailing only the U.S. dollar.

The central banks bought 415 tons of gold in the first half, reported the World Gold Council. Many gold market observers expect continued central-bank purchases in 2026. Those purchases would further support or lift gold prices.

Source: World Gold Council

“I’ve told investors all year that gold belongs in portfolios, but in moderation,” said Dean Lyulkin, CEO of Cardiff, where he directs strategy, financial performance and investor relations for a portfolio that has delivered over $10 billion to U.S. small businesses.

An allocation to gold of 5-10% of one’s portfolio is the maximize that Lyulkin said he would suggest for investors. He called owning gold “insurance,” not alpha.