Hi, this is a dumb question - I'm new to investing and I want to invest in gold and silver. Do I do this by buying stock in companies or elsewhere? Very basic advice for a 100% beginner much appreciated, thanks for your time!
2007-01-27 05:12:48 · 6 answers · asked by irunwithbulls 1 in Business & Finance ➔ Investing
You may take position in Junior mining companies. I do realize the risk is high, but if you have a 5 year+ time horizon and are willing to ride out the ups and downs. I thing the best gold play for you is NAK on AMEX. The silver play is tricky, FLMTF is a good one. Both companies are exploring in the heart of Alaska.
P.S. I own both, NAK for my kid's 529 and FLMTF is weighted about 50% in my 401K.
Hope this will help.
2007-01-27 10:43:02 · answer #1 · answered by TLIUALL 3 · 0⤊ 0⤋
You need to open an account with a commodity brokerage firm. Alternatively, you can buy streetTRACKS Gold Shares (NYSE:GLD) and iShares Silver Trust (AMEX:SLV) through a regular brokerage account.
This said, the time to buy precious metals is long since gone. Gold should be bought at below $320 an ounce, since its production cost in most instances is $320-360... At current prices, it is only a matter of time until the producers flood the market... The gold price peaked in May 2006 and has been on a slow downtrend since...
2007-01-27 14:16:33 · answer #2 · answered by NC 7 · 2⤊ 0⤋
I can offer you a lucrative opportunity to buy or invest in gold bars and you can also make a profit of €3500-7000 in 60 days or less by promoting a special program and attracting people.
All you have to do is invest €540. You can also resell gold at a profit.
To join my team and more info, feel free to email @ onlinemarketeer1@gmail.com .
2013-12-31 15:04:06 · answer #3 · answered by sweetyvicky86 2 · 0⤊ 0⤋
I would say the easiest route is via the ETFs (GLD and SLV).
It is far easier than futures because: a) you don't have to remember to roll the contracts, b) can start with a fairly small sum, and c) less hassles with the tax man with the opening and closing of futures contracts.
I suspect it is easier to go via ETFs than stocks because ETFs take away company specific risks. For example, unless you have some insights into the reserves and the operational aspects of each mining company, it is easier to gain exposure via ETFs (i.e. you only need to have a view on the metal prices).
2007-01-28 01:58:20 · answer #4 · answered by valcon 2 · 1⤊ 0⤋
Open a brokerage account at TD Ameritrade and drop me a line.
2007-01-27 13:46:30 · answer #5 · answered by Anonymous · 0⤊ 3⤋
this site should help you get started a little bit.
http://www.rb-trading.com/begin.html
2007-01-27 13:20:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋