Your Questions About Invest In Gold Mining Companies

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Mark asks…

INVESTING: Does anybody know how the name of the Gold Mining company that also mines oil and gas? read more..

This company is a small gold m iner with Oil and Gas Operations. It’s one of only two gold companies in the world with oil and gas operations (the other is Newmont, the world’s 2nd biggest gold producer).
They supposedly have taken control of a multimillion ounce gold mine.
The company is supposedly trading around $1.60 per share.
No other hints about this company were given. Not sure which country it is based in.
What company is this?

financi4 answers:

I found several small mining companies that also have oil and gas production. None of whom had the correct stock price.

Michael asks…

What Is A Gold ETF? Is It Good To Invest In Them?

Im looking into buying gold or investing in gold. Would Silver or gold etf’s be a good idea? Im not sure how they work or if there going to be a good longterm investment. If anyone can explain how they work and if there worth the investment. Mabe some websites or companys that would be good to look into.Ans would investing in gold or silver mining companies be a good idea? how would I do that? through stocks? thanks

financi4 answers:

An etf is an Exchange traded fund, it is like a more specific mutual fund,
there returns are genrally lower, go with GLD or SLW gold and silver stocks, or physical gold/ silver.
If you want a little more risk/reward go w/ palladium/rhodium e-mail if other q’s

John asks…

How do i go about buying gold coins as an investment?

I’ve heard of gold bullion,troy oz,and investing in a gold mining company..your thoughts

financi4 answers:

I use 2 companies. I use Monex for buying silver and Patriot Trading Group for buying gold.

First off you need to understand that gold is not an investment. The best way to own gold is to buy and take physical delivery of the gold itself. Silver is also in the gold realm as well, so when talking about gold, silver is included.

It is always a good idea to own some gold and silver at all price levels. To truly understand gold and silver, and why you should own it you have to understand the economey and get the movie of life on the largest screen possible. I listen to the following radio broadcasts posted at the end of this post. You should too to fuly understand what is happening and the action you should take.

Gold is money and a store of value. It is the “Currency of last resort” as Greenspan has stated many times through the years. Gold doesnt pay interest, dividends, doesnt restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesnt ask for bailouts, doesnt go BK and cannot cook its books. Gold cant be debased or printed at the will of a company or governmetnt and holds its purchasing power.

Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin striped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power.

Gold can be bought in many forms. Coins are the best. I personally like the US coins in both the Gold Eagles and the pre 1933 US $20 gold peices. Gold Eagles are hard to find right now but $20 pre 1933 gold pieces are avalible from PTG at . This is the company I use and I like them and their radio show that airs every weekday.

Once you have physical gold and silver then ETFs or stocks are fine but I strongly suggest in holding physical gold for long term value and storage.

Cons to owning gold is it is subject to short term market manipulation by the Federal Reserve and bullion banks. This can cause the short term price to be pushed down as is being done today. This is why the paper price on gold verses the physical price is not he same today. Paper price today is about $830 an ounce but the physical price is ranging between $900 to $1200 depending upon the product being bought.


Joseph asks…

new good investing companies?

Hey what are some new companies that are good to invest in? like new medical marijuana companies or gold mining companies or new pharmaceutical companies? thanks

financi4 answers:

There isn’t any …in those totally crap sectors …get into oil / gas companies instead for really amazing returns….

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