So, you want to invest in gold?
Here’s what you need to do. First, you need to strike a claim. Actually, before that you should probably buy a mule and change your name to a more authentic-sounding “Jasper” or “Festus.”
Then you take a pick and begin cutting away…
No. No. No.
Investing in gold does not require you to prospect or dig a mine.
Here are four ways you can get your gold bug on without getting dirty. Or changing your name to Festus.
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Investing, Money, Online Investing AI, US Economy
etf, financial, gold, gold coin, gold investing, golden, invest, mutual funds, trading
A few weeks ago China let its currency float against the dollar. The result has been that the Yuan is getting stronger and the dollar weaker. I don’t think anyone is surprised…
Just when the dollar was in its worst shape, Greece defaulted on its debt. This had a powerful strengthening effect on the dollar. Now some people think the EU will disband, and the Euro will die a quick death. Personally, I think it is fairly likely. As soon as more global financial turbulence causes other EU countries to default (like Spain, Portugal and Italy), the strong will bail.
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Investing, Money, Success, US Economy
china, CNY, currencies, etf, foreign investing, Investing, Money, mutual funds, USD, Yuan
Here’s some of the best blog posts I’ve read about gold this week.
Mint.com’s blog has an interesting post about the gold ownership in each country in the world. The U.S. owns the most. More, in fact, than the second and third countries put together.
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Internet, Investing, Money, Success, US Economy
blogs, debt, etf, gold, gold demand, information, Internet, Investing, posts, precious metals
The dollar has lost 35% of its value in the last 8 years, making Americans 35% poorer. And, for a wide variety of reasons, it looks like the dollar is going to get weaker. However, just because most other Americans are getting poorer doesn’t mean that all Americans have to become poorer. In fact. financial meltdowns are one of the best opportunities to make a ton of money in a short period of time.
One of the most useful resources that I have found that teaches how to profit from the falling dollar is The Collapse of the Dollar and How to Profit from It
. I like it because it is both easy to understand and has clear, actionable strategies that we can use.
Here are some strategies that the book explains:
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Great Books, Investing, Money, Success, US Economy
collapse, dollar, etf, financial crisis, gold, Investing, Money, silver, Success
This week has been a great week for gold posts. Here are some of the most interesting I found.
The Big Picture has a great chart of gold relative to the S&P 500. Although gold has hit a high in nominal terms, it is actually still low by many measures. This post shows that it needs to quadruple to hit a high relative to the S&P.
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Internet, Investing, Success, US Economy
blogs, bullion, commodities, debt, etf, gold, government, inflation, Internet, Investing, Money, precious metals, silver
It seems to me that we are in the beginning of a massive gold bubble. Many people are predicting high inflation and high gold and silver prices. No one can tell the future, but I think that this is a good opportunity to invest.
Gold Price 1968 - 2010
Many people think that gold is too expensive to buy now. Of course, in retrospect, everyone wishes that they were buying when it was $275 per ounce. But that doesn’t mean anything because we always wish we had bought any asset when it was cheaper.
Is gold really that expensive?
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Investing, Money, Success
commodities, etf, gold, gold stocks, Investing, Money, planning, rich dad, silver, Success
As we’ve seen this week, technology and strategy have combined to give the power of hedge fund managers to self-directed investors. Automated Trading can give investors continual access to the market; trend following offers an easy-to-maintain strategy.
Hedge fund managers, though, have access to so many more markets, right? They can trade more than just stocks and bonds.
Now, thanks to aggressive online brokers who are eager to expand their offerings, individual investors now can trade all types of assets. It’s pretty safe to say that if a hedge fund can trade it, so can you.
This gives you another took of a hedge fund manager: diversification.
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Accelerating Technology, Automated Trading, Business Strategy, Investing, Money, Online Investing AI, US Economy
Automated Trading, bonds, diversification, etf, ETFs, hedge fund, manager, stocks, trend following
According to Don Dion, writing at the Street.com, Deutsche Bank will close its PowerShares DB Crude Oil Double Long Exchange Traded Note in the face of increased regulation.
Leveraged funds, including ETFs, are often blamed for increased speculation in the energy market, including the oil market. The Deutsche Bank ETF is dead-center in the target because it’s leveraged and because it’s based on futures.
We talked a little bit about this happening in this post on good and bad speculators.
Leveraged ETFs are risky, but investors are speaking out that this regulation is ill-placed.
For a couple reasons.
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Investing, Money, Online Investing AI, US Economy
commodities, etf, Investing, leverage, notes, regulation, thestreet.com, wealth
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
