Advice needed on Gold investments

[Driftar]

I am debt free and recieved my tax return, and have several thousand i'd like to invest (save). Has anyone dealt with SPDR GOLD? Also, i've followed Peter Schiff, and other economists, and studied economics, but admit i've never invested and have no idea if i should go with Ameritrade or some other online site. Is there a better place to put my money now and in the future? I'm worried if it put it in a savings or 6 or 12 month cd or treasury bond it will actually decline in value.

 

[gls]

Personally I much prefer physical gold coins and bars over ETFs. Check out Kitco or APMEX or even your local coin shop for cash and carry. Either way definitely stay away from Treasury bonds, IMO. The dollar may be holding its own but who knows how long that will last.

 

[ILUVRP]

I would never tell others what to buy.

But I can say this, if you opened an account with a discount broker--Amertrade--Etrade---Scottsdale

I would think if you wanted to buy GOLD the best bang for the buck would be a stock ETN like " DGP "which is a double gold mover , both up and down.

As far as stocks go , try to stay in North America companies. Canada is good, its currency is good and that would also be a kicker.

I would look at --GG --GBG--NXG--FRG--WGW--NGD--CDE--HL

Study the balance sheets looking at--price to book --% of the stock owned by funds ( the more the better )---cash/assets to debt-- using YHOO, GOOGLE, and other finance tables such as" KITCO commentaries by Bill Matlack", another good site is " RSG COMPARISON TABLE " --RSG shows the GOLD / SILVER proven researves.

DYODD

 

[gaazn]

Tobacco stocks look good long-term. But the risk is the government is getting so desperate to plug budget holes that they will probably increase taxes on tobacco products.

 

[ILUVRP]

Tobacco stocks look good long-term. But the risk is the government is getting so desperate to plug budget holes that they will probably increase taxes on tobacco products.

I think I heard they were going to increase cig tax by 60 cents a pack to pay for kids insurance.

 

[gaazn]

I think I heard they were going to increase cig tax by 60 cents a pack to pay for kids insurance.

Wonder how much more the government can milk money away from the tobacco cash cows? Tobacco money can't bail out the government forever...

 

[Driftar]

I would never tell others what to buy.

But I can say this, if you opened an account with a discount broker--Amertrade--Etrade---Scottsdale

I would think if you wanted to buy GOLD the best bang for the buck would be a stock ETN like " DGP "which is a double gold mover , both up and down.

As far as stocks go , try to stay in North America companies. Canada is good, its currency is good and that would also be a kicker.

I would look at --GG --GBG--NXG--FRG--WGW--NGD--CDE--HL

Study the balance sheets looking at--price to book --% of the stock owned by funds ( the more the better )---cash/assets to debt-- using YHOO, GOOGLE, and other finance tables such as" KITCO commentaries by Bill Matlack", another good site is " RSG COMPARISON TABLE " --RSG shows the GOLD / SILVER proven researves.

DYODD

Thanks GLS and also ILUVR - i definatly understand that even gold movers have risks, so i appreciate the input (and also view RPForum users as more knowledable, just on averge, than most americans, so value opinions here). It helps narrow my search.

I've heard Obama was going to raise (or has already) taxes on cigs. It's absurd to during a recession. I worked retail during college, and came to the opinion than many tobacco users are lower income and middle class, so every time cigs were raised, they were hurting.

By the way, there is a mining company, TGB, that a broker friend of mine suggested... and i was going to research the best way to invest in agriculture and other commedities, but i may wait to actually put money on anything besides precious metals until AFTER the obama stimulus debate.

 

[Driftar]

Tobacco stocks look good long-term. But the risk is the government is getting so desperate to plug budget holes that they will probably increase taxes on tobacco products.

Thanks for the thoughts- unfortunatly i think you're right. Even though tobacco purchsases will likely not be reduced much by the increase, they still may be effected a bit. Desperate times, (more theft), and people will eventually have to start cutting corners. If ron paul was president, i'd probably invest in tobacco right away!

 

[Ethek]

I opened an account with Ameritrade, I stumbled into that it has an app on the iphone I am just a little addicted too. Its easier to trade on that than via the trading tools online I think.

You should see an offer that anything funded over 2000 upfront gets trades free for 30 days. I don't expect to swing daily trades but I picked a couple stocks that I've followed and grown to know just get into the door. There may be a small market rally over the coming weeks, but perhaps not before the end of February. Gold itself looks like it should still go up according to somepeople that graph such things, when normally during a rally it will get soft. So I read what Ive come to be familiar with. Read your own sources and find out where your thinking is.

I've grown trust llepard advice from the forum here.
Recently
http://www.ronpaulforums.com/showthread.php?t=172695&highlight=llepard
and from several Mos ago
http://www.ronpaulforums.com/showthread.php?t=147618&highlight=llepard


Lepard also pointed this technical newsletter out. I got a trial and liked it enough to subscribe.
https://www.technicalindicatorindex.com/Default.asp

I follow the following two blogs day to day just to know whats in the markets head and explain what I'm seeing from McHugh's technical newsletter.

http://www.ibankcoin.com/
The Flys blog here fills some kind of juvenile satisfaction for me. He trends in the direction that I think the market is going but day to day he makes some good calls.. and misses some all together.


http://www.ritholtz.com/blog/
Good info and hearsay here.


http://www.chrismartenson.com/
I follow the daily digest here

and ofcourse the RonPaul forums.