In the global metals industry, the gold sector is essential as it provides long-term investors with profitable opportunities and valuable storage during times of crisis. Gold continues to be one of the world’s most popular precious metals due to its historical use as a shelter in times of inflation and geopolitical unrest, and increased use in cutting-edge technologies.
According to Reutersas of March 2025, gold prices have risen to an all-time high, with spot prices reaching $2,936.38 per ounce, and US gold futures exceeding $2,956.10. Record-breaking central bank purchases, increased fears about inflation and changes in global monetary policy have all contributed to a surge, which has made gold a key asset class in an uncertain environment. The demand for gold as a safe haven has increased as a result of increased investor uncertainty brought about by the ongoing trade war between the US and China.
Gold generated a return of 43.83% in 2024. 20.89% Market profits overall. In emerging countries, particularly in China and India, total gold demand reached a record high of 4,974 metric tons, supported by commercial central bank hoarding and strategic central bank hoarding. For the third year in a row, central bank purchases have exceeded 1,000 metric tons. World Gold Council. The charm of gold is enhanced by this accumulation. This is part of a major trend in diversification away from US currency. The premiums investors willing to pay in the current inflationary environment are reflected in a 9% increase in overall spending on gold gems, despite a 11% drop in demand for gems due to high costs.
Strong demand for investments further supports the market momentum. Although actual demand for bars and coins remained stable at 1,186 metric tons, ETFs were not able to see significant withdrawals for the first time since 2020. The use of gold in semiconductor and artificial intelligence applications has also increased the use of technology by 7%. Agility opportunities have led to an 80% increase in US Comex stocks since late 2024 as gold moved from Asian markets such as Dubai and Hong Kong to the US due to favorable futures premiums and expected import duties.
Additionally, billionaires investors are increasing attention to the metals industry. According to 2024 UBS Billionaire’s Ambition Report40% of wealthy investors are planning to expand their holdings of gold and other precious metals next year. Warren Buffett’s conglomerate chose mining stock over actual gold, with Jeff Bezos and Bill Gates investing $537 million in the rare metals sector in Africa. This is part of a larger strategy move towards assets related to technology and sustainable energy. Eight of the top 10 billion Forbes It creates a richness in the mining industry, and metals highlight the industry’s continued profitability.
According to the billionaires, they looked into Insider Monkey’s billionaire stock holdings database to create a list of the 12 best gold stocks to invest in. As of the fourth quarter of 2024, we selected 12 best gold stocks based on the largest number of billionaires investors. We ranked the same number of stocks as the billionaires’ shares, including the total amount of billionaires as the secondary standard. It also considers the number of hedge funds that hold shares in each of the shares, according to Insider Monkey’s Q4 2024 database.
Why are hedge funds interested in the stocks they accumulate? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (For more information, please see here).
Number of billionaires: 7
Number of hedge fund holders: 36
One of the top precious metal streaming businesses operating in North America, South America, Europe and Africa is Wheelon Precharacter Metal Corporation (NYSE: WPM). Long-term purchase agreements related to gold, silver, palladium, platinum and cobalt are the company’s main source of value. With a billionaire holding of $119.5 million, Wheaton Precious Metals Corp. (NYSE: WPM) is one of the best gold stocks.
Wheaton Precious Metals Corp. (NYSE: WPM) reported record revenue of $381 million in the fourth quarter, ending December 31, 2024, thanks to strong performance of its key assets. Operating cash flow rose 30% to $319 million, but adjusted net income reached a record high of $190 million, or $0.44 per share, a 21% year-on-year high. Supported by solid asset contributions and favorable product prices, revenues rose 26% to a full year record of $1.3 billion in 2024, but adjusted net profitability rose 20% to $640 million.
Production in the fourth quarter reached 187,000 GEO, up 14% from the previous year, recording silver and gold outputs from Constantia and Sarobo, respectively. With 635,000 GEOs per year, Wheaton has surpassed the scope of guidance. In 2025, 600,000-670,000 GEO is expected. With over 35 million tonnes of throughput per year, the Salobo III is now fully operational, and Peñasquito is also recovering from its previous setback.
In 2024, Wheaton Precious Metals Corp. (NYSE: WPM) committed $910 million to four key deals, including the company’s biggest streaming agreement, the Koné Project, in almost a decade. We have also revised our Blackwater deal to promote delivery. In addition to keeping a $2 billion undrawn credit line and $818 million in cash on hand, the company also increased its quarterly dividend by 6.5% to $0.165 per share.
Wheaton Precious Metals Corp. (NYSE: WPM) is projecting a significant increase in future production, aiming for GEO targets of 870,000 GEO by 2029 and 950,000 GEO by 2034.
Overall WPM 12th place On the list of the best gold stocks to invest, according to the billionaire. While we acknowledge the potential of WPM as an investment, our conviction lies in the belief that certain AI stocks offer higher returns and hold a greater commitment to doing so within a shorter time frame. There have been AI stocks that have risen since the beginning of 2025, and the popular AI stocks have lost around 25%. If you’re looking for AI stocks that are more promising than WPM, but are trading under 5x revenue, check out our report on this Cheapest AI stocks.
