Your Questions About Invest In Gold Mines

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David asks…

Did I create a good portfolio??

For my Man’s 24th birthday I invested and started a portfolio for our future through Sharebuilder.com
I am currently investing in stocks from Microsoft, exxon,sirus satelite, johnson&johnson, S&P500. Lehman Agg Bond Fund IShares, Citigroup Inc, Randgold Resources LTD-ADR (gold mining comp),and General Electric. There is no minimal balance required to start… All in All we have about $300 invested. Am I heading in a good direction?? I dont have any investing experience. We are looking for long-term gains, not “get rich quick”
Thanks for any advice!!!

financi4 answers:

Pay off all debts first. Hold a savings acct to use for emergency needs, vehicle purchases, home repairs, vacations, etc.

Replenish this as it is used.

After that, Extra money could then be applied to these DRIP accounts

Paying a credit card off that charges 19% interest is a guaranteed return of 19%. No stocks can do this on a guaranteed basis.

Same with eliminating Auto-loan payments.

William asks…

Is the American Dollar really losing its value?

A friend of mine keeps telling me to invest in gold or silver because the dollar is about to collapse. Is this true? I’ve Googled the matter but have not found anything significant enough to convince me.

financi4 answers:

Unfortunately yes. The US dollar, since 1971, has not been tied to the gold standard (that is – most currencies were measured according to the value of gold). Pres. Nixon took the US off the gold standard, allowing as many bills to printed as the US treasury desires. With the insurmountable debt (TRillions!) facing the US in the past few years especially, the US Treasury has been forced to print even more bills into circulation, thus lowering the overall value of the dollar.

Think about anything that has a high supply — the value decreases. Therefore if there are more and more bills out there, then the inherent value of the currency decreases.

Here’s a useful link to compare the value of the dollar versus the value of gold (or silver) to see what the projected trends will be like:

http://goldsilver.com/blog/tag/usa-dollar-crisis/

There’s a couple charts showing the US dollar compared to the value of gold that’s useful. Hope that helps!!

Donald asks…

Is the press beginning to see through Al Gore’s global warming scam?

Is the press beginning to see through Al Gore’s global warming scam?
A brief article posted at Newsweek’s website offers hope that the media might finally be recognizing the former Vice President could be this decade’s Ken Lay.
For those that have forgotten, Lay was the CEO of Enron (h/t NBer well99, emphasis added):
Since 2000, according to published reports, the former veep has transformed himself from a public servant with around $1 million in the bank to a sparkling private consultant with a net worth estimated to be north of $100 million. He’s a senior adviser to Google, a board member at Apple and now a newly minted general partner at Kleiner Perkins Caufield & Byers, the Silicon Valley venture-capital firm that made billions investing early in Netscape, Amazon and Google.
Gore has pledged to hand over his KP “salary” to Alliance for Climate Protection, a nonprofit he chairs. But the gift is more symbolic than material. Gore’s salary-his cut of the 2 percent “management fee” that KP partners get on all investments-is typically a sliver of the total compensation that VCs receive. If Gore’s profit-sharing deal is anything like the firm’s other 23 partners, he’s also in line to collect tens of millions of dollars a year. That’s because partners carve up 30 percent of the profits if and when the alternative-energy start-ups that KP supports go public or are sold. (Kleiner Perkins declined to comment on Gore’s compensation, but his communications director, Kalee Kreider, confirmed that he plans to donate only his “guaranteed income” to charity.) Should Gore’s prospecting unearth a clean-energy gold mine the size of Google-which earned billions for KP partners-his share of the loot could make him U.S. history’s richest ex-veep.
Granted, this is just a blurb at Newsweek’s website.
However, at some point, journalists have to start exploring the wealth that Gore is creating for himself while he tells regular citizens to walk to work in order to save the planet.
Is this the beginning?

financi4 answers:

Link(s) please, otherwise no one knows if your posting facts, or blowing smoke up their backside.

Peace

Jim

.

Daniel asks…

Global Warming Hysteria Could Make Gore Richest VP in History?

Since 2000, according to published reports, the former veep has transformed himself from a public servant with around $1 million in the bank to a sparkling private consultant with a net worth estimated to be north of $100 million. He’s a senior adviser to Google, a board member at Apple and now a newly minted general partner at Kleiner Perkins Caufield & Byers, the Silicon Valley venture-capital firm that made billions investing early in Netscape, Amazon and Google.

Gore has pledged to hand over his KP “salary” to Alliance for Climate Protection, a nonprofit he chairs. But the gift is more symbolic than material. Gore’s salary-his cut of the 2 percent “management fee” that KP partners get on all investments-is typically a sliver of the total compensation that VCs receive. If Gore’s profit-sharing deal is anything like the firm’s other 23 partners, he’s also in line to collect tens of millions of dollars a year. That’s because partners carve up 30 percent of the profits if and when the alternative-energy start-ups that KP supports go public or are sold. (Kleiner Perkins declined to comment on Gore’s compensation, but his communications director, Kalee Kreider, confirmed that he plans to donate only his “guaranteed income” to charity.) Should Gore’s prospecting unearth a clean-energy gold mine the size of Google-which earned billions for KP partners-his share of the loot could make him U.S. history’s richest ex-veep.
See link – http://newsbusters.org/blogs/noel-sheppard/2007/11/19/global-warming-hysteria-could-make-gore-richest-vp-history

Question – What are your thoughts ?

financi4 answers:

It is only the “many” that belive that we are all going to die in 20years that actually listen to him.

In this video, you will hear the great AL GORE himself disprove KYOTO http://youtube.com/watch?v=Ho0Lda-i3oY

THESE ARE REAL QUOTES.
Canada’s former environmental minister, Christine Stewart. “Climate change provides the greatest chance to bring about justice and equality in the world.” Excuse me? Climate change is the greatest chance to bring justice and equality in the world? How is that, Christine Stewart? Quote, same person. This is the former environmentalist of Canada. Quote: No matter if the science is all phony, there is still collateral environmental benefits to global warming policies.

“Unless we announce disasters, no one will listen.” Sir John Houghton, first chairman of IPCC A.K.A. Intergovernmental Panel on Climate Change.

Stephen Schneider “To capture the public imagination, we have to offer up some scary scenarios, make simplified dramatic statements and little mention of any doubts one might have. Each of us has to decide the right balance between being effective and being honest”. Who is Stephen Schneider? He was the lead UN IPCC report author and climate alarmist. In 2007 he is still a major role.

Regarding Kyoto, two international leaders have said it best. Margot Wallstrom, the EU’s Environment Commissioner states that Kyoto is “about leveling the playing field for big businesses worldwide.” French President Jacques Chirac said during a speech at the Hague in November 2000 that Kyoto represents “the first component of authentic global governance.”

If you think i made this up, Google the quotes.

John asks…

U.S. History plzzzzz help!! (lesson 16-1 quiz) plzz plzz HELP ME. ((INSIGHT))?

Match the following inventors with their inventions:
A. Electric generator
B. Telephone
C. Air brakes for trains
D. Hand held camera
E. Typewriter
F. Gas-powered automobile
G. First refrigerated rail car

George Westinghouse

George Eastman

Thomas Edison

Gustavus Swift

Charles and Frank Duryea

Christopher Sholes

Alexander Bell

2.
Determine how the following scenario could have influenced industrialization in the United States.

Jon Thomas heard about the great wealth that could be earned in the Western United States from mining.
He decided to move from New York City to Colorado to work mining gold and silver.

A) Joseph’s move west, along with many others, allowed factories to develop in small towns.

B) Joseph’s mining of resources like gold and silver provided inexpensive raw materials used in many American industries.

C) Joseph’s creativity, which characterized the people moving west, helped create new industries.

D) Joseph’s move west would still provide big businesses plenty of land to build and grow.

3.
Determine how the following scenario could have influenced industrialization in the United States.

Adam Hirsch received a letter from his brother in America, which mentioned how successful his brother had been at finding a manufacturing job in New York and how he was able to support his family
. Adam decided to move with his wife and three children to America to try to make a better living there.

A) Adam’s children would have enrolled in school upon arrival in America, increasing the numbers in a growing education system.

B) Adam would have purchased a home for his family upon arrival, helping the economy

C) Adam’s family was one of the many families emigrating to the United States, who became part of the large labor force available to growing industries.

D) Adam’s wife could have volunteered at her children’s school, becoming one of the many volunteers needed to support a growing economy.
4.
What trend in the mid to late 1800s had a major influence on the industrialization of the United States?

A) The movement of Native Americans to reservations

B) The construction of railroad tracks across and throughout the country

C) The influence of Republican reforms on the South

D) The increased numbers of haciendas in California
5.
Which of the following factors directly contributed to making industrialization in America successful?

A) Many small, independently-owned retail shops

B) Labor unions

C) The importation of inexpensive raw materials from Europe

D) Inventions like the telephone and railroad technologies
6.
The success of American industry raised the interest of many different groups. Which of the following groups invested in large American businesses?

A) Foreign investors from England
B) Farmers in the Great Plains
C) Individual prospectors from the West
D) African Americans from the South

7.
A great supply of natural resources was one factor contributing to American industrialization that

A) was a great obstacle to producing manufactured goods at affordable prices.

B) was highly taxed so the government would have funds to support a growing nation.

C) was not influenced by government policies.

D) was easily accessible to industry via mines in the northeastern part of the country.
8.
How did the growing American population during the late 1800s contribute to its industrialization?

A) It spurred the demand for farmland in the Great Plains.

B) It allowed most people living in cities to purchase their own homes.

C) It provided manufacturers with many people who could purchase their products.

D) It forced the government to relocate Native Americans to make room for new immigrants.

financi4 answers:

Are you and Dylan in the same class or something?

Http://answers.yahoo.com/question/index;_ylt=AkG5SZ2hKmp4oSf2bHZ74.7q1KIX;_ylv=3?qid=20101216090211AAPNzix

Steven asks…

What do you think of investing in IAU Comex gold?

Is it better than investing in a Gold Mining stock such as Kinross or Barrick? Is it less tied to the U.S. dollar? Safer investment, etc.? Thanks!

financi4 answers:

The value of mining stocks has not followed the rise in the price of gold. At some point that price gap will be filled. Until the mining stocks move into an up trend investing in IAU or GLD seems to be the best bet. Visit this site

http://free-gold-investing-info.blogspot.com/

To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

Chris asks…

How do I go about investing in gold?

Do I buy shares in a mining company? Or do I buy physical gold?

financi4 answers:

There are 4 options:

1. Physical gold
2. Mining company shares (or bonds!)
3. Precious metals ETFs
4. E-gold

I really like the egold provider bullionvault.com — they give you a free gram of gold when you sign up. That’s awesome.

But if you believe that our economic system as a whole is about to collapse, physical gold is really the only way to go.

Joseph asks…

What should I do with my savings? I am only 23?

After I graduated university I was employed as a geologist out in Western Australia for an open pit gold mining operation. They are currently experiencing a huge gold boom and they can’t get enough people to fill their mines. I was making 130.000/yr as a geologist with an 8 day work schedule and 6 days off. During my days off that weren’t salaried I operated giant 100 ton haul trucks and was paid 350$/day (12 hour shifts). I had no living expenses because I lived in a remote field camp so all my money went to savings.

TLDR. I am 23 years old and just quit my job. I have about 400,000$ in savings and I don’t know what to do with it. I am American so I am considering moving back to the states and buying a medium apartment in NYC and just enjoying my twenties, or should I save my money and start investing? I also considered backpacking, which I could do on ~15000$ a year and see the world.

What would make the most financial sense for me to do with all this money? Please no stupid answers.

financi4 answers:

Holy shit you lucky son of a eunuch.

Anyways, don’t short-sight yourself now. $400,000 is a fuckton and many people in the world would kill (and actually do) for making this amount in their entire life. But you also gotta see that it really isn’t much. You just quit your job at 23. Theres a ton of time left in your life.. If you decide to get married, kids, etc, economic downspiral… Hell, i don’t even know how easily it would for you to get a job again if you needed to. Don’t blow it all. I would keep saving.. Invest it. Make slow but steady money off money safely. And plan out your spending carefully.

Tl;dr – KEEP SAVING KEEP SAVING KEEP SAVING KEEP SAVING KEEP SAVING

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