Forget gold and Bitcoin! I’d rather buy these 2 FTSE 100 dividend stocks for their 7% yields

first_imgForget gold and Bitcoin! I’d rather buy these 2 FTSE 100 dividend stocks for their 7% yields Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address It may seem strange to write in praise of FTSE 100 dividend stocks at a time when the price of gold and Bitcoin are going through the roof. Yet that’s what I’m going to do. I still believe investing in the UK’s top blue-chips is a better way of building your wealth over the long-term, than chasing the gold and Bitcoin price higher.If you are sceptical, I understand. The gold price has just exploded past $2,000 an ounce for the first time in history. Crypto-currency Bitcoin is also flying, trading at $11,756 as I write this.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Investors are racing into safe havens amid fears that a second wave of Covid-19 could trigger another stock market crash. So why am I bigging up FTSE 100 dividend stocks? I think gold and Bitcoin both look dangerously overpriced, and vulnerable to a fall.I’d consider buying these two shares todayNeither asset class pays any income either, whereas many FTSE 100 dividend stocks offer massive yields. For example, asset manager Standard Life Aberdeen (LSE: SLA) yields an incredible 8.03%.While many top companies have suspended dividends during the pandemic, CEO Keith Skeoch has stood by his shareholders. On Friday, the group maintained its 7.3p interim payout, despite announcing a 30% drop in first-half profits to £195m, as customer outflows rose during the crisis.Skeoch praised the group’s “resilient performance” in exceptional circumstances, and said its strong balance sheet allows it to invest in the business and maintain its interim dividend. A word of warning: Skeoch is leaving shortly, and incoming CEO Stephen Bird could cut the dividend to strengthen the group’s balance sheet.No dividend is entirely safe. However, even if Bird slashed the Standard Life Aberdeen payout in half, it would still yield a generous 4%. That’s more than gold and Bitcoin ever will.Another FTSE 100 dividend stock to considerTelecoms giant Vodafone Group (LSE: VOD) halved its shareholder payout last year, a move I welcomed at the time because the yield was into double-digits. Today it yields a healthy 6.93%. Having got its dividend cut out of the way, management has stood firm this year. Anticipated free cash flow of at least €5bn in the current year should help make it sustainable.Vodafone’s revenues have fallen during the crisis as the travel lockdown hits income from roaming and visitors. Total Q1 revenue fell 1.4% to £10.5bn, which is modest compared to the damage most FTSE 100 dividend stocks have incurred.Vodafone’s debt pile is pretty hefty at €42bn in 2020, but the planned IPO of its mobile tower business Vantage Towers in 2021 could help shrink that. Dividend cover is just 0.8, but an anticipated 28% rise in earnings per share in the year to 31 March 2021, and 42% in 2022, should improve matters.With both these FTSE 100 dividend stocks, I would aim to buy and hold for the long term, to give them time to prove their mettle after the pandemic. I would buy either ahead of gold or Bitcoin. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Harvey Jones | Tuesday, 11th August, 2020 | More on: SLA VOD Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares See all posts by Harvey Joneslast_img read more