Now Is The Right Time To Buy Gold Stocks
Gold is loved universally so it is hardly surprising that millions of people want to buy gold stocks as a means to leverage their gold exposure. However, buying gold stock has its ups and downs and it is important to understand that there will be both good times for buying and bad times even when using technical analysis.
There are doubters that may argue that the current prices of gold are actually portenders of the beginning of a bear market. Conventional wisdom however dictates otherwise and so it may be worth your while to buy into the commodity while the going is good.
Regardless, the value of gold stock will always fluctuate quite a bit and it will do so whenever there is a change in the price of gold, or when the stock market turns volatile. The stock market is not a sure thing all the time.
They know that should the price of gold go up by ten percent it would cause a twenty percent rise in gold stocks which is what the wise investor will be hoping for. It also seems that the present credit crunch is squeezing the markets for cash and this means that there are fewer investors with sufficient funds to invest in gold mines.
The more volatile the gold market is the more difficult it becomes to purchase this commodity in any form at attractive prices. You also have to bear in mind that brokerage companies also charge a percentage, so this too has to be factored into the cost.
Taking into account the fact that companies like Seabridge have fifty million ounces of gold waiting to be mined, it means that with gold at eight hundred dollars an ounce, such companies have about forty billion dollars worth of gold waiting to be mined.
This requires thorough research of your options. You need knowledge so that you are cans pick a gold mining company that has the best chance of helping you to multiply your money. - 23218
There are doubters that may argue that the current prices of gold are actually portenders of the beginning of a bear market. Conventional wisdom however dictates otherwise and so it may be worth your while to buy into the commodity while the going is good.
Regardless, the value of gold stock will always fluctuate quite a bit and it will do so whenever there is a change in the price of gold, or when the stock market turns volatile. The stock market is not a sure thing all the time.
They know that should the price of gold go up by ten percent it would cause a twenty percent rise in gold stocks which is what the wise investor will be hoping for. It also seems that the present credit crunch is squeezing the markets for cash and this means that there are fewer investors with sufficient funds to invest in gold mines.
The more volatile the gold market is the more difficult it becomes to purchase this commodity in any form at attractive prices. You also have to bear in mind that brokerage companies also charge a percentage, so this too has to be factored into the cost.
Taking into account the fact that companies like Seabridge have fifty million ounces of gold waiting to be mined, it means that with gold at eight hundred dollars an ounce, such companies have about forty billion dollars worth of gold waiting to be mined.
This requires thorough research of your options. You need knowledge so that you are cans pick a gold mining company that has the best chance of helping you to multiply your money. - 23218
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posted by X - Men @ 7:19 AM
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