GOLD SILVER PRICE NEWS ~ Gold, gold, gold… it seems everyone wants to talk about gold, and for good reason. Since 1999, the price of an ounce of gold is up more than 600%, from about $250 to more than $1,500. Many investors, me included, wish we'd have purchased more gold at lower prices back when we could.
Despite the fact that gold is trading near $1,500 an ounce, there are many investors and analysts who are still bullish, including yours truly. ["3 Reasons to Still Own Gold (or Finally Buy Some)"]That being said, the downside for goldis much greater at the current lofty price than it was at $500 or $1,000 an ounce. But the opportunity does exist to get into the gold market at lower prices than gold trades at today, even as low as $134 an ounce.
How? You can buy stocks of gold mining companies.
So far in 2011, shares of gold mining companies have lagged the price of gold. And this has created an opportunity. The following chart compares two exchange-traded funds (ETFs): the Market Vectors Gold Miners ETF (NYSE: GDX) to the SPDR Gold Trust (NYSE: GLD). GDX, the dark blue line, is a basket of gold mining companies and GLD tracks the price of gold. Read More
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