We recently put together a list of the 12 best gold shares to invest according to billionaires.In this article we will see where Wheaton Precious Metals Corp. (NYSE: WPM) stands against the other gold shares.
Within the global metal industry, the golden sector is essential because it offers investors a profitable opportunity in the long term and a storage of value in times of crisis. Gold remains one of the most sought after noble metals in the world because of historical use as a refuge in times of inflation and geopolitical unrest, as well as its growing use in advanced technologies.
According to ReutersGold prices have risen to all time heights from March 2025, with spot prices that reached $ 2,936.38 per ounce and US Gold Futures from $ 2,956.10. Record purchases in the central bank, growing fears for inflation and changing worldwide monetary policy have all contributed to the Golf, so that gold has made an important activa class in an uncertain environment. The demand for gold if a safe haven has increased as a result of increased investor uncertainty caused by the current trade war between the United States and China, which has led to disruptions of the supply chain and retribution rates.
Gold produced a return of 43.83% in 2024, considerably above the profit of 20.89% of the entire market. Supported by freely available investments and the hamster of strategic central bank, in particular in emerging countries such as China and India, the total demand for gold became a record high of 4,974 tons. For the third year in a row, the purchases of central bank amounted to 1,000 tons, according to the World Gold Council. Gold’s attraction is reinforced by this accumulation, which is part of a greater trend of diversification away from the American currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in the total expenditure for gold jewelry, despite a decrease in the demand for jewelry by 11% due to high costs.
Strong demand for investments also supports the momentum of the market. The demand for actual beams and coins remained stable at 1,186 tons, while ETFs did not see any significant recordings for the first time since 2020. Due to the use of Gold in semiconductor and artificial intelligence applications, technological use also increased by 7%. While Gold from Asian markets such as Dubai and Hong Kong moved to the US due to favorable futures and expected import tasks, arbitration opportunities brought an increase of 80% in the American Comex inventory since the end of 2024.
In addition, billionaire investors have increased their attention to the metal industry. According to the 2024 UBS billionaire ambitions report40% of the prosperous investors intend to expand their possession of gold and other precious metals in the coming year. Warren Buffett’s conglomerate has opted for mining shares above the actual gold, and Jeff Bezos and Bill Gates have invested $ 537 million in the rare metal sector of Africa. This is part of a larger strategy in the direction of assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes Have their wealth on mining and metals, emphasizes the continuous profitability of the industry.
To make our list of the 12 best gold shares to invest in according to billionaires, we have investigated the exclusive database of Insider Monkey of billionaire stock ownership. Based on the largest number of billionaire investors, we have chosen the 12 best gold shares from the first quarter of 2024. We have included the total value of billionaire possession as a secondary criterion to arrange the shares with the same number of billionaire companies. We also considered the number of hedge funds with an interest in the respective shares, according to the database of Insider Monkey in Q4 2024.
Why are we interested in the shares that stack hedge funds? The reason is simple: our research has shown that we can surpass the market by imitating the best share choices of the best hedge funds. The strategy of our quarterly newsletter selects 14 CAP and Large-CAP shares every quarter and has returned 373.4% since May 2014 and has reported its benchmark with 218 percentage points (See more details here).
Number of billionaire -investors: 7
Number of holders of hedge funds: 36
One of the best precious metals that companies stream with activities in North America, South America, Europe and Africa is Wheaton Precious Metals Corp. (NYSE: WPM). Long -term purchase agreements linked to gold, silver, palladium, platinum and cobalt are the most important source of value of the company. With $ 119.5 million on billionaire companies, Wheaton Precious Metals Corp. (NYSE: WPM) One of the best gold shares.
Wheaton Precious Metals Corp. (NYSE: WPM) Reported record income of $ 381 million for the fourth quarter ending on December 31, 2024, thanks to strong performance of important assets. The operational cash flow rose by 30% to $ 319 million, while adjusted net income a record high of $ 199 million, or $ 0.44 per share, a 21% profit on an annual basis. Supported by solid asset crafts and favorable raw materials prices, sales increased by 26% to a record of $ 1.3 billion for the entire year 2024, while the adapted net profit has increased by 20% to $ 640 million.
The production of Q4 reached 187,000 geos, an increase of 14% compared to the previous year, helped by record silver and gold output from Constancia and Salobo respectively. With 635,000 geos for the entire year, Wheaton surpassed his guidance range. In 2025 it expects 600,000 – 670,000 Geos. With an annual transit of more than 35 million tons, Salobo III is now fully operational and Peñasquito has also recovered from previous setbacks.
In 2024, Wheaton Precious Metals Corp. (NYSE: WPM) $ 910 million in four important deals, including the Koné project, which was the largest streaming agreement of the company in almost ten years. To speed up the delivery, it has also changed its Blackwater deal. In addition to maintaining a non -drawn credit line of $ 2 billion and $ 818 million in cash at hand, the company increased its quarterly dividend by 6.5% to $ 0.165 per share.
Wheaton Precious Metals Corp. (NYSE: WPM) In the future, a large increase in the output expects, with a goal of 870,000 Geos by 2029 and more than 950,000 geos annually until 2034. The company is well positioned for long-term growth, with nine developmental stage properties planned to start production in the next five years and more prospects in the power.
General WPM is in 12th place On our list of the best gold shares to invest according to billionaires. Although we recognize the potential of WPM as an investment, our conviction is believing that certain AI shares hold a greater promise to deliver a higher efficiency, and to do this within a shorter time frame. There is an AI shares that have gone up since the beginning of 2025, while popular AI shares lost around 25%. If you are looking for an AI share that is promising than WPM, but that trades its income in less than 5 times, view our report on this Cheapest AI stock.
Read next: 20 best AI shares to buy now And 30 best shares to buy now according to billionaires.
Publication: none. This article was originally published on Insider monkey.
