I have a problem with Gold in general... everyone says buy some gold.. i don't understand the hedge here.. why do I have to follow this weird index? I prefer to stay in cash.. sound like old school talk to me "buy gold"..
well in general i agree with you, but if the market keeps falling i think we should buy for now some "safe" stocks, and as you can see NEM is pretty much a steady performer...
true.. I thik the question is will it perform better than cash?? Also, I hesitate to hold this "gold" stock because I feel it's price is being artificially inflated by investors running for gold, and not necessarily really pricing this gold mining company. When the markets get better and these investors leave, you could be left with some losses.. Still, it's a sound move - no doubt.
Top 83%
EitanShay
Jan 22 at 11:09 ET
why now though? dont you think gold prices are up?
Top 1%
PavelR
Jan 22 at 11:31 ET
check this out..
http://www.condoroptions.com/2008/01/03/bonus-trade-newmont-mining-nem/
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guliamo
Jan 25 at 3:06 ET
I have a problem with Gold in general... everyone says buy some gold.. i don't understand the hedge here.. why do I have to follow this weird index? I prefer to stay in cash.. sound like old school talk to me "buy gold"..
Top 1%
PavelR
Jan 25 at 4:34 ET
well in general i agree with you, but if the market keeps falling i think we should buy for now some "safe" stocks, and as you can see NEM is pretty much a steady performer...
Top 1%
guliamo
Jan 26 at 3:33 ET
true.. I thik the question is will it perform better than cash??
Also, I hesitate to hold this "gold" stock because I feel it's price is being artificially inflated by investors running for gold, and not necessarily really pricing this gold mining company.
When the markets get better and these investors leave, you could be left with some losses..
Still, it's a sound move - no doubt.
Top 1%
blacktuna
Feb 18 at 7:50 ET
I own this one as well... it's a good place to park at least 5% of your money..