2 Responses to “Could a beginning investor start out at scottrade.com with investing in gold and silver stock – step by step?”

1. goldwhy Says:
   October 28th, 2009 at 8:37 pm

   First of all, awesome decision going with Scottrade. I’m a big an of Scottrade personally. Yes, you can totally start out as a beginning invest buying gold and silver stocks on Scottrade. There are two main options.

   The first are exchange traded funds (ETFs). The two most popular have ticker symbols GLD and SLV. These basically track the price of gold and silver. Making your purchase is as simple as funding your account, understanding how much you want to allocate to each, and then setting a buy order to order the number of shares you can afford to purchase (you can either do this online, or by calling/visiting your local Scottrade office). If you have any questions at all, make sure to contact your Scottrade office – that’s what they’re there for.

   The second option is buying shares in gold mining companies. This gets a little more difficult analysis-wise because you’re no longer just "buying the metal" but you’re buying a company that mines the metal. You’ll want to read some articles/books (such as The Motley Fool) to understand balance sheets, income statements, and the gold mining business. Once you’ve decided, you can then buy your stocks just like GLD and SLV. I really enjoy the ETFs and gold mining companies, but just advise you to do your research before buying any stock and consider starting with the ETFs because they’re a bit easier for beginners.
   References :
   The Motley Fool (great introduction to stocks):
   http://www.fool.com/
   Articles On Gold Stocks (opinions both for and against gold stocks):
   http://www.goldwhy.com/why-invest-in-shares-of-gold-mining-companies.html
   http://www.goldwhy.com/why-its-not-the-right-time-for-gold-stocks.html

2. Max M Says:
   October 28th, 2009 at 8:56 pm

   absolutely Scottrade is the best for all investors especially beginners.
   References :

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