gold and silver

[cc]

i would like to invest in silver and gold, does anyone have any suggestions? thinking about opening a account with Scottrade, any comments on that site thanks

[c_a_otoole]

You have a few options....you can buy gold / silver stocks, which is the safest, or you can buy the metal itself. Be careful about buying metal, if it is not in the form of a goverment (any goverment) issued coin sometimes you get stuck having to have it tested prior to selling.....Just google around and you will find some really good info. Good Luck

[shortround]

I am a sales consultant with GSL financial located here in Houston, TX. Depending on what your investment goals are it would be hard to give you any advise regarding investing in precious metals. What I will tell you is that precious metals is a very safe and profitable investment. We have seen gains of 20% in the last 2 months and 20% increases every year for the last 4 years. Be very careful with who you deal with. Many of the gold brokers mark up is near or over 100%. We are located at FM 1960 and Veterans Memorial. Feel free to come by for a free consultation or call me at 1-888-272-1213.

Steve Kim
www.gslfinancial.com (http://www.gslfinancial.com)

[Mr. Breeze]

SLV is a new Silver ETF. Cramer on TV pumps GG a lot. Says buy at pullbacks around $34 lately. Inflation is Golds best friend.

[Arlon]

Had cbj and bgo (small gold mining stocks) but I just sold them recently. Price may go higher but I'm waiting for a little pull back now. Just put the money from the gold stocks into ford (F) and frontier airlines (frnt). Convection is good. Move money from whats doing real good to what isn't and pretty soon what isn't will be and you can buy back what was and hold it till it is again. Sold oil a few weeks ago and it's about time to start buying that back (APA, MIND). Yes, I'm a contrary sort.. I drive a panga what can I say.

[Mr. Breeze]

Arlon, I like your plan. Nice and simple. I watch bgo also.

[Bill Fisher]

i would like to invest in silver and gold,
dunno anything about scottrade

but gold, eh?...... unless you have the ability to constantly watch and trade precious metals, i'd suggest you invest in the-mining-there-of

look for good companies that offer some sorta dividend that have been able to somewhat maintain it over the years

Gold?..... the actual stuff?........

200 years ago an ounce o'gold would buy you a nice suit
100 years ago an ounce o'gold would buy you a nice suit
50 years ago an ounce o'gold would buy you a nice suit
10 years ago an ounce o'gold would buy you a nice suit
last week an ounce o'gold would buy you a nice suit

i consider it no more'n a hedge against inflation (if held for-the-long-term)

might wanna take a peak at sumpin like PCU...... fair PPS performance (recently split) and a little bit of a dividend ta boot

i have friends who follow AUY........ a good 'trading' stock, but the dividend isn't there to attract me for anything 'long-term'

[Sow Trout]

Don't!i would like to invest in silver and gold, does anyone have any suggestions? thinking about opening a account with Scottrade, any comments on that site thanks

[Monarchy]

Thanks to ETFs (Exchange traded funds), you can trade a variety of instruments through some type of derivative.

IAU is an exchange traded fund for gold. Open a brokerage account and trade the ETF just like you would a stock.

As for gold? Well, that train left the station a couple years ago. I generally try not to buy stocks that are moving from the upper left to the lower right. But, my opinion is worth just what you paid for it....absolutely NOTHING.

Good luck.

[Mr. Breeze]

What about other metals like copper, zinc? Anyone trade those?

[Sharkbite]

Returning 20% per month and 20% every year?!?! Please stop.

This is exactly why I've suggested people look for a financial advisor to work with. Take a look at historic gold prices:

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

You'll see that there's only 6 years between 1969-1999 that gold performed over 20% and there's about 12 years it was actually negative. Gold is also coming just off of an all time high and between 2000-20006 is up about 100%. Some like it as an alternate type investment, but please don't expect huge returns like that.

[MB]

Buy ( QEE ) Queenstake Resources. She's an ugly Queen but she's my Queen. Thank me later!!!

It's making me rich.

MB

[Mr. Breeze]

MB, sure is a ugly chart. Head and Shoulders. Only one mine? How many shares you buying at a time, are you in for the long haul? or Day trading? Next bottom .20?

[MB]

I'm providing a link to their site so you can see for yourself what they are about.

They have three "mines" Jerritt Canyon, Starvation Canyon with two recent intersections and the highlight there is Mahala.

They have one of only 3 EPA approved roasters and Newmont is paying to use it. That alone is worth a buck a share!!! They had production problems with their mill last year now repaired. They are sitting on the Carlin Trend and surrounded by the biggies Barricks, Newmont and the now bought out Placer Dome.

There are only two pieces of real estate for gold in the U S of importance. Cortez and Carlin. If you can get a piece of either a wise move.

Queenstake is dirt cheap and am buying with both fist. Own shares between .23 and .30 substantial position most shares bought at .23.

MB
http://www.queenstake.com/page.php?ID=275

[Mr. Breeze]

Thanks MB.

[Sow Trout]

Many successful investors say that you shouldn't invest in businesses you don't understand. I would be real surprised if you understand all the reasons that the price of gold goes up or down. That is the reason I don't invest in gold.

[Mr. Breeze]

Sow Trout, I am no expert but do not most invest in Gold as a hedge?

[Pocketfisherman]

There's something like a 7 to one multiplier effect where the value of gold going up affects the value of companies that mine, process, and broker gold. Rather than put your money in the metal itself, you stand to have better returns by buying a metals mutual fund. There's plenty out there, the one by Franklin Templeton is one that has done well recently that I own personally. That said, it is still only about 5% of my total portfolio because there are so many more attractive options out there not in metals.