Your Questions About Invest In Gold Stock

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Daniel asks…

What are some good things to invest money into besides stocks, gold, or silver?

I feel like there isn’t much else to invest in besides stocks and maybe gold.

financi4 answers:

What do you know about? Antique golf clubs? Bassoons? Amish quilts? First edition romance novels? Rare toothpicks?

I buy French horns. I know more about them than treasury bonds. I’ve done quite well with them.

There are SO MANY things that have value. If there is a market for something you can make money in it.

Steven asks…

Is there any stock directly related to GOLD?

I want to invest in GOLD through the stock market. I don’t know what are the stocks almost similar to gold.

financi4 answers:

Check out GLD…it’s an ETF that tracks the price of gold and trades just like a stock.

Donald asks…

Gold stock worth buying?

Is the Stock AXU (Alexco Resource Corp) worth investing in? Is there other good gold stocks to invest in?

financi4 answers:

Why not just buy the GLD etf??

Joseph asks…

Gold Mining Stocks, Wise to invest in them rite now?

I’ve been investing in mutual funds for years and was thinking of trying my hand at a few stocks. Read more than one article about huge returns investing in Gold mining companies.And a lot just with in the past year. Is this a trend that looks to continue even short term? How do i know which company? I’m looking for a big risk high reward.

financi4 answers:

Yes but be warn most of them have reached their yearly high. They have a big chance of dropping.

Charles asks…

how can you invest in gold? (GLD?)?

Hey,

I’m non-us Citizen, and I want to invest in gold. Because I have all saving in usd who knows what will happen I been told It’s much better put it into a GOLD stock like (GLD?) how do I do that? I tried sharebuilder but it’s for US only…

P.S do you have to pay taxes for gold investment?

financi4 answers:

A non-US citizen can open up an account anywhere in the US, but will have to have taxes withheld on all investments, You will only pay taxes on GLD when you sell it at a higher price than you purchased it. GLD is an Index of gold that trades about 1/10th the price of a standard ounce. You probably need a full service broker that knows what they are doing, most online brokers, schwab, etrade, sharebuilder, where you do not speak to the same person more than once, probably will give the standard answer that it can not be done. This is not the case. Good luck.

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