Investments in Gold?
Question:
Any other good investing tips
Answer:
Id agree that the stock market, and the property market (bar continental Europe) is heading for a crash, not a time to buy these markets at present.
Gold has had a good run for a long time (check Merryl Lynch Gold & general's fund performence - HOWEVER, GOOD PERFORMENCE USUALLY MEANS NOTHING, BECAUSE IT SAYS NOTHING ABOUT THE FUTURE!), and this is mainly due to Indias rise as a prominent power - more indians are getting wealthier, and more gold is needed.
In the west when we aquire wealth we buy cars, houses. SOme will buy fine wine, cigars, cocaine, holiday apartments, designer labels etc. Indians buy gold. And India is getting much more wealthy.
Another tip I would give is any sort of natural resources. Gas, Oil, base metals etc. These are usually more robust stocks in a bear market, and any sort of major correction in the market sees these flourish (check JPM morgans Natural resources fund)
Be aware that if Gold has a good run (ie high growth in value), it wont rise as fast as a stock market investment, which generally can give the best rate of return anywhere. However, if you time it wrong, you will lose just as fast, perhaps even faster in the stock market, and now is not the time to buy the stock market.
I would say, buy gold, natural resourses - also corporate bonds (debt dont know what you call it in the states), gilts (in the US these are called Treasury notes i think) just to make your portfolio a little safer. Cash is looking good, as inflationary pressure is raising interest rates.
After the stock/property (real estate) markets crash, more your money out of these and buy at the bottom of the market!
Recently there's been a surge in metal and stock prices as markets are consolidating. As for real estate, it depends on the city you're in.
I think the investing is gold or gold stocks is a great investment. The stock market is heading for an almighty crash as is real estate.
I use http://www.gold-prices.biz/ to find info on gold stocks and get updates on the gold market, you can subscribe to their letter for free so that is well worth doing.
Also uranium is a top quality investment and the guys at http://www.uranium-stocks.net/ can explain why alot better than I can. You can also subscribe the their letter for free so that is also well worth doing.
Hope this helps, any q's email me sam.kirtley@gmail.com
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My advice to you would be to subscribe to the "Investors Chronicle" magazine.
Your best source for information on gold, silver, energy, other commodities can be found on the Jim Sinclair website.
http://www.jsmineset.com/
He's been in the gold market for 47 years and called the exact day of the gold top in 1980. By the way, gold topped at $850/oz and hasn't been close to that level since then.
Fundamentally, the worlds most hard-to-find precious metal has gone down in price while inflation runs rampant in every other asset class. This makes no sense. Commodity investing is very volatile and you must be prepared for gut wrenching moves. Buy extreme weakness, sell a portion of your holdings at extreme overbought conditions.
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