Climbing about 11% since the start of June, the price of gold has soared higher this summer than ever before. Currently, the yellow metal is trading at about $1,970 per ounce, but there are some on Wall Street who believe that it’s bound to continue trading higher — even reaching as high as $2,300 per ounce by this next time next year.
While you may have decided to sell some of your unwanted gold jewelry as one way of benefiting from the historically high price, there’s a better way: Yamana Gold (NYSE: AUY). Based in Canada, Yamana Gold is a mining company that operates a portfolio of five producing assets located throughout the Americas. Demonstrating a concerted effort to maintain financial health, Yamana Gold has also shown a commitment to planning for future growth and rewarding its shareholders, making it an ideal choice for gold-hungry investors.