Does anyone know anything about gold mines if you do is it worth investing in?
Question:
How about investing in a bridge I have for sale in Arizona?
it has the word gold in it...yes its a great decision!!
you might want to look at the price of gold vs where it has been. Typically you don't buy when prices are high...
Around the year 2000, gold was about $250 an ounce. Now, it's more than $600 an ounce. If the only investment advice you ever hear is, "buy low, sell high", it would stand to reason that investing in a gold mine at this point in time is probably not the wisest move you could make with your money.
Gold prices always rise in times of economic uncertainty (such as when there is destabilization in the oil-producing middle-east, or when the Yuan, China's currency, is artificially overvalued). People who own shares of a gold mine are making money right now. Who's to say what the future will bring?
Here is the crux of the problem: a successful gold-mining company has no need for an influx of capital. They don't need to solicit your investment dollars, because they're digging wealth up out of the earth. Most of these companies are "in cahoots" with governments, who grant them mineral rights to undeveloped areas, tax concessions, and sometimes even seed money, in return for a cut of the profits.
Any company which claims to need capital from small investors is comprised of speculators at best, or con-men in the worst case.
for a commodity I perfer an ETF like GLD.
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