Invest in Gold Mining Stocks
Invest in Gold Mining Stocks is not the same as investing in gold stock or gold itself. This is one were faith that this company will not only hold onto it present reserves but will find new gold reserves will occur. This is why the larger companies are the ones that most stock analyst prefers to invest in.
There are many small to medium size gold mining companies that are always looking for investors. Be very wary of the ones that show great potential on paper but have yet to find gold or have a very small gold reserve to bank on.
Two of the world’s largest gold miners are Barrick Gold and AngloGold, but the largest is Newmont. This company has a value of over $1.3 billion. Its known reserves of gold are over 87 million ounces. This combined with spot gold prices today at $1162.90 on 11/24/09, the value is at over $101 billion. This is not the only way to look at a gold mining company as an investment. There is also production. For the third quarter of this year AngloGold had an increase of gold production of 5% due to less safety issued being found that slow production. This production was 1.187 million ounces of gold for this last quarter.
There is more money to be made with the small speculative companies, but with more to gain just means more risk. Ask about their production and look at the numbers. Speculation is great if it turns out to be real. Do not be fooled like so many oil drillers have been when all the experts say they are in the right place, but they drill a dry well and invest in Gold Mining Stocks wisely and not on a hunch of someone you do not know.
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