Invest in Gold or Gold Stocks – Which is Right for You?

34
2867

Lots of ads for the sale of gold coins – have you seen them? What is best for you? That’s a lot for parts sellers. They make you a lot of money. But how to make money? You hope the price of gold skyrockets; and if not?

I’m sure you went to the grocery store and bought your food with gold, right? What did the cashier do with your gold coins? Yes I am sarcastic.

If you want to make money with gold or silver, I suggest you buy shares of gold and silver mining companies. You can buy them through your broker (discount broker!). It is easy to buy from these companies online. You can buy large, medium or small companies. It’s a great way to play gold in the market. Like all stocks in a company, they go up and down with the market. You make a profit when they go up and you lose if they go down. Similarly, all stocks react daily.

The best way to make money is to buy these stocks when they are at their lowest. This maximizes your potential for big profits and minimizes your potential losses. Look at the charts on the stocks you want to buy (choose several to look at). When they pull back and make a new low, buy them and hold them for as long as they make you money. In a long-term investment, lasting several months or years, you have the possibility of realizing a very large profit. The key is to buy the stock low!!!

With gold stocks or any stock it is easy to buy and sell in the regular market. You will be able to buy quickly to get the best price. Then you can liquidate your position by selling for your profit just as easily. The secret to making money is to buy low in the trading cycle and then sell at the top of the trading cycle. Don’t buy in the middle or at the peak of these cycles. Your chances of making money at these levels are much lower and the chances of losing money are much higher. Makes sense to you, doesn’t it?

Learning to understand market cycles takes time, practice, study, luck, and a system. If you have the time and the knowledge, you can do all of this yourself. I suggest you use someone’s system to help you start your trading future. This can help you build a very large portfolio. This type of stock trading is what many Wall Street investors use to strike it rich! You can do it too.



Source by Marty Nolterieke

Comments are closed.