Your Questions About Invest In Gold Mines

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Mark asks…

Is Albania Best Place To Invest in The World ?

Albania is one of the wealthiest lands in natural resources per square mile in the world. With amazing mountains, beaches, lakes, rivers, forests, and rich soil. Underneath this land lies billions of prooven barrels of oil, trillions of square yards of natural gas, gold, platinum, copper, the largest chrome reserves in Europe, bauxite, nickel, cobalt, magnesium, ores, marbel, granite, and much more. Albania is rapidly building its infrastructure and in the near futere it will be the only country in the world to produce 100% of its energy from Hydropower, Windpower and Solar Power. Billions of dollars are being invested there presently. This almost free enviermently friendly energy will create opportunities to mine and process billions of tons of minerals. The Albanian goverment is dedicated to its support of businesses and building infrastructur. By Sahit Muja CEO & President Albanian Minerals Bytyci SHpk www.albanianminerals.com

financi4 answers:

Is Albania the BEST place in the world to invest? No.

However, that being said Albania is definitely a country worth investing in because it is very busy making the transition into an industrialized nation.

The government has managed the economy very well over the last ten years, making some excellent structural reforms. From 2002-2006 almost 1/4 of Albania’s poorest were brought out of poverty. This led to the World Bank upping Albania’s status to a middle income country in 2007 – which allowed Albania to apply for loans from international banks as opposed to being reliant on hand-outs from the likes of the International Monetary Fund.

Albania made the most of this; taking out several huge loans for infrastructure projects to increase the productivity of the country. These included a massive loan from the Japanese government to improve the country’s canal system, another from the European Bank for Reconstruction & Development to build a new terminal at Albania’s largest port in Duress, and another loan to build a major highway between Duress and Kosovo.

Albania is also on track to join the European Union in 2014 which will boost the economy massively. Property values in Albanian cities, especially the capital Tirana will grow exponentially over the long-term, especially since they have such a low starting point.

Definitely not a country for short-term investment because their GDP growth for 2009 will take a hit:
http://www.balkaninsight.com/en/main/news/20960/

However, as a long term investment it is sure to produce some great results. Especially if someone holds onto their investments until about 2020.

Paul asks…

Will I be wealthy when I am older? I really want to be?

I am 21 years of age,

I have a share portfolio:

$10,000 invested in Woolworths

$10,000 invested in Coca-cola

$5,000 invested in Berkshire Hathaway

about $3,000 invested in other mining / oil / groceries / liquor

I have another $10,000 sitting in cash for a safety net (6 month buffer for me)

I have no debt, I also own about $2,500 worth of gold coins.

I work 2 jobs, I get about $21 – $23 per hour and save, invest and spend only what I have to (very frugal)
I have not got a girlfriend, I just seem to see them all hanging around with the “cool” guys… I don’t dress or act cool though,

I will continue to invest and buy assets like this, will it pay off for me?

financi4 answers:

Damn you, I’m making debts studying for a worthless course in university meanwhile.

Charles asks…

gold or silver which is best to buy?

i am thinking of buying metals to protect me in the event of a meltdown of the world it is in such a mess

some say gold but the against is that i never gives you a return and has no real use

some say silver and the for is that there is been more silver used that mined each year so there will always be a demand for it and silver is needed more than gold in manufacture of everyday cuaomer products and the fact silver is not as highed inflated as gold

which is the best to hold as long term invested till we Pass through this bad period which could last as long as 10 years

i dont want spend my savings on metals that will become worthless

financi4 answers:

You’ve got some terrible advice so far, but that’s just my opinion. I would say that gold and silver are nowhere near being in a bubble. People who say that have no idea what a ‘bubble’ is. At the moment less than 1% of the population is invested in gold and silver… How can it be in a bubble?? CNBC and the like have been saying it’s in a bubble for the last 10years, meanwhile gold and silver prices are steadily rising.

As to the first point about a new silver vein being found.. I suppose it’s possible, but 6000yrs of history say that it won’t happen.

Both gold and silver are still massively undervalued due to the overselling of paper-gold and market manipulations to keep the prices low. It doesn’t really matter which you buy, but I would buy with both hands. People say gold is the better investment, but silver has outperformed gold over the past 10 years. There is actually less physical investible silver than gold at the moment. I think silver will make huge gains in the future.

You should do your own homework about it before you part with hard-earned money.

Ken asks…

Im 18 years old, these are my stocks, help?

Im looking to invest long term and with 2 thousand dollars Ive made my first few investments. Now its hard not to quickly react to market fluctuation, but im trying to hold for the long term.

Ive done:

(Oil Well Services & Equipment) HAL
(Non-Metallic Mining) MOS
(Metal Mining) CLF
(Containers & Packaging) ZAGG
As well as holding a 1 ounce of gold in my possession.

Thanks guys!

financi4 answers:

Not sure what you want us to say, here. You haven’t
told us your reason for holding these stocks. What is
your trading plan? Are all your bases covered?

Quite honestly, $2K is not enough to invest. Commissions
will absolutely eat you alive.

In the meantime while you’re saving, an introductory book like _Stock Markets for Dummies_ is a good place to start.

Investors Business Daily (IBD) is a solid daily resource (and its complement, www.investors.com ). It’s a better newspaper than the Wall Street Journal and it is built around a particular approach to trading. You could read _How to Make Money in Stocks_ by William O’Neil too–he’s the founder of IBD.

Search your local library for other books on stock investing. Try to absorb as much knowledge and understanding as you can. Eventually, you should open a brokerage account and paper trade for a while–this is practice (not real money), which you should do extensively before you put any real money at risk.

George asks…

Personal Finace Help Please (Check My Work?)?

1. What can be the best type of safety net in hard times? (1 point)
Gambling
Mortgage
Rental property
None of the above*

2. Generally, you need to live in a home ________years to break even on closing costs. (1 point)
One
Two
Three*
Four

3. What is generally the most complicated financial transaction the average American will ever undertake? (1 point)
Buying a boat
Buying a car
Buying a home*
None of the above

4. Real estate is considered a/an ________investment. (1 point)
Illiquid*
Liquid
Sure
Partially-liquid

5. Individual mortgage interest rates are generally determined by what? (1 point)
The economy
The individual’s credit score
The property value*
The state the property is located in

6. What is PMI? (1 point)
Personal mortgage issuance
Personal mortgage investment*
Personal mortgage insurance
Personal mortgage interest

7. Who dictates how much insurance a homeowners must carry on their property? (1 point)
The state the property is located in
The bank that holds the mortgage
The owner*
None of the above

8. Assuming you have a 30-year fixed-rate loan, you’re paying _____% interest during the first few years. (1 point)
90
80
70*
60

9. Why is investing in gold beneficial? (1 point)
It is easy to mine.
It is considered a stable investment.
Gold is more expensive than stocks.*
The value of gold is subject to inflation.

10. What type of insurance may a homeowner need? (1 point)
Hurricane insurance
Flood insurance
Firestorm insurance
All of the above*

financi4 answers:

My answers have # after them.

1. What can be the best type of safety net in hard times? (1 point)
Gambling
Mortgage
Rental property
None of the above*# (Emergency fund, cash, is the best safety net.)

2. Generally, you need to live in a home ________years to break even on closing costs. (1 point)
One
Two
Three*#
Four

3. What is generally the most complicated financial transaction the average American will ever undertake? (1 point)
Buying a boat
Buying a car
Buying a home*#
None of the above

4. Real estate is considered a/an ________investment. (1 point)
Illiquid*#
Liquid
Sure
Partially-liquid

5. Individual mortgage interest rates are generally determined by what? (1 point)
The economy#
The individual’s credit score
The property value*
The state the property is located in

6. What is PMI? (1 point)
Personal mortgage issuance
Personal mortgage investment*
Personal mortgage insurance#
Personal mortgage interest

7. Who dictates how much insurance a homeowners must carry on their property? (1 point)
The state the property is located in
The bank that holds the mortgage#
The owner*
None of the above

8. Assuming you have a 30-year fixed-rate loan, you’re paying _____% interest during the first few years. (1 point)
90#
80
70*
60

9. Why is investing in gold beneficial? (1 point)
It is easy to mine.
It is considered a stable investment.
Gold is more expensive than stocks.*
The value of gold is subject to inflation.# (Value of gold goes up with inflation.)

10. What type of insurance may a homeowner need? (1 point)
Hurricane insurance
Flood insurance
Firestorm insurance
All of the above*
(This question excludes many important factors. All mortgage companies require “fire”, not “firestorm” insurance to protect their investment. There is no such thing as “firestorm” insurance. In hurricane zones you may be required to purchase hurricane insurance.)

William asks…

Is the silver industry a solid investment?

I have been doing quite a bit of market research lately and my conclusions have lead me to highly distrust the dollar. For several years before I enlisted in the Navy, I have always intended in investing in gold, however, I never made enough money to consistently fund that investment making minimum wage and all. Now that I have a steady income which I can allocate to investments, gold is simply too far out of reach for me. Not only that but it seems far overpriced, with it’s value being less than $100 short of platinum. That aside, I know it still has a long way to go before it reaches it’s peak.

On the other side of the coin, silver is only $40/ounce. My research has lead me to speculate that with gold‘s price skyrocketing out of the average investor’s reach, most will look for a more cost effective alternative means of preserving their wealth. My prediction is that the next commodity to see a major bull run is silver. Not only is silver a precious metal fit for storing wealth but it seems to have a wide range of industrial uses which should in turn supplement the demand for it. I have also heard (but am not sure) that the available silver left on the planet is far less than a couple decades ago and that it is even more scarce than gold.

I can also see the industrial demand backfiring on the price of silver. If and when our economy collapses, it would be a wise prediction that the industrial demand for silver will fall because the industries involved with it will have a hard time maintaining the costs to run day to day operations.

With that in mind, I have still been quite bullish in the silver industry. Not only have I been purchasing 1oz silver bullion bars(99.99% purity), but I have also bought shares in Silver Wheaton (NYSE:SLW). It is firm which funds the construction of mines for other businesses with the terms of the contract being that the mine has to sell them back the silver for a set price which I believe is about $3.00/oz. It then flips that and sells it for over 7 times it’s value to distributors. That being said, I think it’s rather obvious why I see this as a good investment.

That being said, I’m looking for input on these options which are currently 100% of my new portfolio. I know this breaks the number one rule of investing(don’t throw all your eggs in one basket), however, I’m willing to bet that if these investments will not grow, they will at least for the most part, be able to retain their value, unlike the dollar.

The reason why I am steering clear of investing in any dollar based securities, for now at least) is because I have zero faith left in the dollar. It is a fiat currency which is backed by nothing but our GDP which is far exceeded by our county’s debt. If my math is correct, currently our country is in so much debt, that even it taxed all American citizens 100% of their income, it wouldn’t be enough to cover the bill. With our country’s financial health on life support, it will only be a matter of time before the dollar loses it’s status as the standard currency for world trade.

Anyways, if you’re still with me any comments or constructive criticism on my aggressive investment strategy will be greatly appreciated.
bd. I am only 19 years old making less than 25,000 a year. Although it is all for the most part disposable income, I can not (yet) afford to make that kind of investment.

financi4 answers:

First of all my answer yes, Invest into silver, for last two years or less, Silver prices more then double.

Some people do not understand the commodity market, copper, coffee, gold, oil, etc.etc.

When the country economy is not doing good, when the share market is not doing good, when the currency is weak, people go for Gold or silver, first of all it’s liquid, you can sell any time.

For every stock market, or commodity market, there is peak or low, for long term investor, one has to think , what item s/he choose to make investment which gives more return, but do not forget, it’s market , I still strongly feel that although the Gold is coming down, but it will return soon, It may go down to 1650 /- or further, but bounce back soon. The world economy is not growing, Inflation is too high compare to return on investment. So, people choose those item , stock, deposit, Gold, Oil, Silver which can generate more return then Inflation. Do not forget to work out your Capital Gain Tax .

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