Gold mining stocks

[Bullbearpig]

I want to start accumulating gold mining stocks. I'm looking at AUY and CDE specifically. Any other suggestions?

 

[Bible_Belt]

Mining stocks typically move in accordance with price movement of whatever it is they mine. So gold mining stocks usually just track the price of gold. I would be most interested in positions where that wasn't happening. If a gold stock goes up without gold going up, then something is going on. You won't know what that something is, but it doesn't matter. Stocks move before news.

 

[R.U.G.]

Waste of money. If you want Gold, buy the actual metal. Never buy the stocks as they're all speculative in nature. No one really knows what they have or if they are fudging the #'s. You want to take physical possession of the gold, silver and platinum. You can find some great buys on US coins on eBay, but I've also purchased from JM Bullion, Bullion Exchanges and APMEX.

 

[Billtx49]

Waste of money. If you want Gold, buy the actual metal. Never buy the stocks as they're all speculative in nature. No one really knows what they have or if they are fudging the #'s. You want to take physical possession of the gold, silver and platinum. You can find some great buys on US coins on eBay, but I've also purchased from JM Bullion, Bullion Exchanges and APMEX.

Agree completely, if you want to get into it, chose what you think is a market low, buy from your local gold and silver exchange, avoid the pricey fancy coins, and buy only bulk rounds, ingots, or whatever and keep in a safe place…

 

[Bullbearpig]

Waste of money. If you want Gold, buy the actual metal. Never buy the stocks as they're all speculative in nature. No one really knows what they have or if they are fudging the #'s. You want to take physical possession of the gold, silver and platinum. You can find some great buys on US coins on eBay, but I've also purchased from JM Bullion, Bullion Exchanges and APMEX.

Buying physical is for people with wealth to protect. I'm simply trying to take a small amount of paper every month and eventually accumulate a sizable position for the inevitable turnaround in the physical price. Speculation is exactly what I need. And with the premiums on physical it doesn't make sense for someone in my position(poor)to try to accumulate physical.

 

[R.U.G.]

Buying physical is for people with wealth to protect. I'm simply trying to take a small amount of paper every month and eventually accumulate a sizable position for the inevitable turnaround in the physical price. Speculation is exactly what I need. And with the premiums on physical it doesn't make sense for someone in my position(poor)to try to accumulate physical.

Wouldn't be speculating right now. Cash is king. Scoop up cheap stocks and etfs from the multiple selloffs.

 

[AureliusMaximus]

Buying physical is for people with wealth to protect. I'm simply trying to take a small amount of paper every month and eventually accumulate a sizable position for the inevitable turnaround in the physical price. Speculation is exactly what I need. And with the premiums on physical it doesn't make sense for someone in my position(poor)to try to accumulate physical.

As a person that works with this I can easily say that as a rookie this is something you should not mess with. Gold stocks are not valued after the gold price directly and there is lot of factors that you need to a take account for when valuing a gold mining stock. Just to give you one example: Many gold mines sell their estimated gold holdings (in the ground, whatever) way into the future to hedge themselves to secure a stable income no matter what the gold price currently is.

Stay with something more vanilla and talk to your broker for advice.If you really want gold, then go the physical precious metals route as somebody suggested above.Educate yourself first before taking action.

But remember: Investing is very risky, especially when yo do not know what you are doing due to lack of knowledge & financial education and thus you should not ever invest money you cannot afford to lose....

 

[Charm2K]

Lundin Gold.

 

[Bullbearpig]

As a person that works with this I can easily say that as a rookie this is something you should not mess with. Gold stocks are not valued after the gold price directly and there is lot of factors that you need to a take account for when valuing a gold mining stock. Just to give you one example: Many gold mines sell their estimated gold holdings (in the ground, whatever) way into the future to hedge themselves to secure a stable income no matter what the gold price currently is.

Stay with something more vanilla and talk to your broker for advice.If you really want gold, then go the physical precious metals route as somebody suggested above.Educate yourself first before taking action.

But remember: Investing is very risky, especially when yo do not know what you are doing due to lack of knowledge & financial education and thus you should not ever invest money you cannot afford to lose....

Investing is risky? You don't say. Gosh, You must be really smart. I watch CNBC though so I'm not worried.

 

[AureliusMaximus]

Investing is risky? You don't say. Gosh, You must be really smart. I watch CNBC though so I'm not worried.

I been working in the financial industry for many years, so yes I'm pretty smart and successful.

Just watching CNBC say's nothing and will not give you the tools you need.That is just a very little part of the game with financial news. And the disclaimer I gave you was some pretty sound advice for noobs that do not know what they are doing and are just playing casino roulette with their money.. Asking about investing in gold mining stocks in forums for (mostly) dating and pickup girls tells me that you do not have the proper financial education and should stick with something more understandable/safe and easy than the very complex mining stocks. Take the advise or leave it, it is not my money that will be lost so i don't care. I was just friendly enough to even bother to answer you on your question. There is no need for you to be rude when a friendly person takes their time answer you on your questions..