gold – Canadian Profiteer

Why Now Is the Perfect Time to Buy Precious Metals Stocks

With the stock markets fraught with uncertainty, investors are worried about what could happen to their portfolios if the markets tumble. An offbeat way to reduce your portfolio risk is to consider precious metals stocks. Precious metals stocks can be volatile as their fortunes are linked directly to the prices of metals like gold and silver. However, gold and silver are also considered safe-haven investments, especially in a choppy global…

April 2, 2017

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Why Even a Crystal Ball is No Guarantee

A great deal of investment analysts’ time is spent trying to predict the future. How will the new iPhone sell? How many new automobiles will be sold in Europe next year? What will next week’s employment numbers look like? Who will win the next election? And what will the Fed do about interest rates in the coming quarters? These questions are important to these analysts not because of the answers…

December 4, 2016

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Here are 5 Reasons to Temper Your Enthusiasm on Gold Stocks

Gold stocks have been on an absolute tear this year, with some, such as Kinross (K/TSX) or Richmont (RIC/TSX) up more than 100% in the first five months of the year. Smaller company shares have risen, generally, even more. Investors and fund managers are falling all over themselves trying to buy into the sector. Of course, we have seen this movie before: sometimes the sector keeps rallying after a big…

May 29, 2016

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Investing In Gold And Silver

First, it’s necessary to decide how you want to deal with these precious metals. (I’m adding silver into the discussion, though other metals, like platinum and copper, are also significant.) People have been using them for coinage and ornamental purposes for thousands of years; early civilizations like the Sumerians and Egyptians seem to have focused primarily on gold for jewelry and ornamentation. Weighing your choices Gold is measured by troy…

May 27, 2013

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Gold and Bits – Two Sides of the Same Coin

It was as if gold was taking a lesson from Bitcoin the day before, and for once you couldn’t blame North Korea. On Thursday, the electronic currency plummeted to about $50 after hitting a Wednesday high of about $260. “What did they think?” chuckled someone at a business news meeting I attended. “Bitcoins have no real value. They are just an imaginary currency.” Fast forward to Friday. Gold plummets $30…

April 14, 2013

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Gold Price Sets Record As Doubts of Recovery Grow

Gold prices soared to new highs Friday, gaining as much as $59.40 US, or 3.3 per cent, to $1,881.40 US an ounce. Bullion for December delivery later gave up a large part of that, but still closed up $30.20 on the New York Mercantile Exchange at $1,852.20. The metal was headed for its seventh consecutive week of gains, the longest string of advances in almost four and half years. Investors…

August 21, 2011

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