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Top 6 Stocks to Buy for December

These picks should appreciate despite an uncertain market

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Top Stock to Buy #3 – iShares Gold Trust (IAU)

The objective of iShares Gold Trust (NYSE:IAU) is to track the price performance of spot gold, minus administrative costs. The bullion is held in vaults in Toronto, London, and New York under the custody of JPMorgan Chase (NYSE:JPM). Expenses are just 0.25% per year. This trust offers one of the few ways to directly invest in gold bullion and, according to Morningstar, which ranks it a “five-star buy,” IAU “is the least expensive way to gain gold through exposure to ETFs.”

Technically, gold’s impressive run could continue despite its recent advance. It is on a MACD buy signal, has confirmed a break above its 200-day moving average, executed a golden cross (long-term buy signal) in September, and is now in an intermediate uptrend after breaking its downtrend line.

Buy IAU as a hedge against inflation and currency debasement, and as a diversification tool.

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Article printed from InvestorPlace Media, http://investorplace.com/2012/12/top-stocks-to-buy-cci-ebay-iau-kmp-pten-wprt/.

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