Home
Mike Swanson's picture

The Basics of Gold Investing - Mike Swanson (09/26/09)

Submitted by Mike Swanson on Sat, 2009-09-26 06:19.

The world economy cannot take much more when it comes to currency. The value of a dollar is going down everyday and there is no hope in sight of that situation getting better. Gold mining companies are becoming very popular for this reason for stock picks. People are looking to invest in a sure thing in case their money become useless.

The gold used to represent the paper money. Today, there is more paper money than there is gold. Because of the bank failure during the great depression, President Roosevelt in the 1930's Passed a law to outlaw gold ownership.

Investing in gold is the best way to keep your money constant. The value does not go down- it only goes up. It is important that you stay current with the gold prices so that you know how much money you have made. Think good 401k advice is to find a way to get involved.

You can buy bullion or coins or you can trade through the gold exchange traded funds. You can also invest in certificates, derivatives, shares or accounts. Gold dealer Kitco.com is a good source of info.

As the value of the dollar decreases, the cost of gold increases. This is why you need to invest today. Do not hesitate. This is very important, especially if there is an economic disaster and our dollar is worth anything. When you go online make sure that you read articles and reviews that reveal how to invest and make the most out of your money. You need to know all that you can about gold so that you can get the best profit that is possible.

It is really a good idea to start investing in gold. If anything happens socially or economically, gold will still be worth more than a dollar will. If you take these helpful tips to account, then you should be able to buy gold at a good price.

»


Sign Up Below to My Free Weekly Newsletter

Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

After I retired from the hedge fund world I setup this website and blog. If you sign up for my free weekly email list below I’ll send you an update on average about once a week on my views of the current stock market trends and share with you actionable investment ideas.

Now I cannot promise you that every stock I find will go up in value. I can’t promise you endless 100% returns as others claim they do and as all the disclaimers say past performance does not necessarily predict future performance and you can lose all of your money in the stock market.

This is reality.

What I can promise you is my dedication to doing the best I can for you.

You see the key to making money over the long-run in the stock market is to manage your risk. Once you sign up to my newsletter I’ll send you a series of educational videos and writings showing you how I use stop-loss orders to cut any potential losses and how I use my two fold formula system that combines fundamental and technical analysis to pick stocks. My goal is to risk one dollar to try to make at least three dollars in my trades by looking for stocks that are priced cheaply on a valuation basis, have high earnings growth, and have excellent chart patterns.

So join my list below and let me help guide you on your journey in the stock market.