How do you invest in Gold or Diamonds on the stock market?
Posted by admin on October 28th, 2009 filed in Gold Stock
You may invest in gold, diamonds, and virtually any other precious gem or metal, just as you would any other stock or fund (if you don’t know how to do that, then you will need to discuss that with your parents, friends, or a financial broker or advisor, as it would take too long to explain, here; assuming you visit legitimate dealers, you would not be under any commitment to buy or sell anything; if you’re leery about doing that, then search online for "how to invest" or, better still, go to your local library or bookstore and ask for "investment books").
Most online stock and fund screeners, such as the ones I listed below, allow you to choose a specific category or industry, such as "gold" or "precious metals" or "mining" (i.e., a generic term which may include copper, diamonds, salt (!), etc), and similar. You may also type something like "diamond stocks" or "gold funds" into your favorite search engine; you’ll be amazed at the results you get!
Of course, it is up to you to decide which stock or fund might be best for your personality and financial situation, but keep in mind that even the most informed sources cannot guarantee good results, so invest cautiously!
October 28th, 2009 at 8:34 pm
By investing in a company that mines either gold or diamonds.
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October 28th, 2009 at 8:44 pm
You can not. They are commodities and not traded on the stock markets but you can buy stocks in companies who mine gold and diamonds.
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October 28th, 2009 at 9:19 pm
You may invest in gold, diamonds, and virtually any other precious gem or metal, just as you would any other stock or fund (if you don’t know how to do that, then you will need to discuss that with your parents, friends, or a financial broker or advisor, as it would take too long to explain, here; assuming you visit legitimate dealers, you would not be under any commitment to buy or sell anything; if you’re leery about doing that, then search online for "how to invest" or, better still, go to your local library or bookstore and ask for "investment books").
Most online stock and fund screeners, such as the ones I listed below, allow you to choose a specific category or industry, such as "gold" or "precious metals" or "mining" (i.e., a generic term which may include copper, diamonds, salt (!), etc), and similar. You may also type something like "diamond stocks" or "gold funds" into your favorite search engine; you’ll be amazed at the results you get!
Of course, it is up to you to decide which stock or fund might be best for your personality and financial situation, but keep in mind that even the most informed sources cannot guarantee good results, so invest cautiously!
References :
http://screener.finance.yahoo.com/stocks.html
http://screen.yahoo.com/funds.html
October 28th, 2009 at 9:41 pm
Gold – An exchange traded fund with the ticker code "GLD".
1 ounce of gold = about 10 GLD. 10 GLD is slightly less than 1 ounce of gold because of gold storage costs.
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October 28th, 2009 at 10:02 pm
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