With all the media attention devoted to gold as the price has reached record highs, several readers have inquired about ways to invest in gold without having to buy the physical good and thereby incur storage and other costs.
The safest bet in my view are SPDR Gold Shares ETF (GLD) and Physical Swiss Gold Shares (SGOL). Other ETFs include Market Vectors ETF (GDX) and Market Vectors Junior Gold Minors ETF (GDXJ).
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For the stocks, consider Newmont Mining (NEM), Agnico-Eagle Mines (AEM), Goldcorp (GG), Yamana Gold (AUY), and Golden Star Resources (GSS). These companies recently reported results free of major negatives. Newmont's 1Q 2010 results were strong with GAAP earnings of $1.11 almost doubling from the prior year.
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I am not making a recommendation for either of the above ETFs or stocks.
Sunday, June 13, 2010
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