In any volatile economy, investors flee to gold during times of uncertainty. For this reason, gold is always a good, safe investment. It helps diversify your portfolio, and cushion the blow if the stock market plummets. As stocks go down, gold goes up. Investing in gold is actually quite simple. You don't have to literally buy gold or gold coins from one of those commercials on TV. There are a few different options. The first - you can invest in companies that mine gold. The best two of these are Yamana Gold (ticker: AUY) and Barrick Gold (ABX). I like Barrick Gold more. The stocks of these companies reflect the rising and falling price of gold pretty well.
The other option, which is more of a direct investment in gold, is the SPDR Gold Trust (GLD). Basically it tracks the price of gold exactly. If investing in gold is what you want to do, I would recommend GLD. It's the best choice.
Sunday, February 22, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment