Precious Metals Quotes

When you want to invest in precious metals as a hedge against inflation, your best option is to do so through mutual funds or ETFs. Don't purchase precious-metal futures (they are short-term gambles). We also recommend staying away from firms and shops that sell coins and bullion (bars of gold or silver). Even if you can find a legitimate firm (not an easy task), the cost of storing and insuring gold and silver is quite costly. You won't get good value for your money - markups can be substantial. [2019] - Eric Tyson

At any given time, there are four separate influences on gold's price. The combination of these forces determines what the price will be on any given day. The four forces are: 1. Gold's fundamentals as a commodity. 2. The value of the dollar. 3. Gold's role as a safe haven during political crises (war, political unrest, etc.). 4. Gold's role as a safe haven during economic crises (inflation, market crashes, etc.). [2009] - James DiGeorgia

Gold has no counterparty risk. It's inherently valuable, and if you won it, that value is yours. It's immune from government depreciation, corporate misbehavior, wartime disruptions, or whatever. A few other investments have this immunity as well: real estate, for example. But even among these assets, only gold is portable, private, liquid, and eagerly accepted all over the world. [2009] - James DiGeorgia

Will gold price go up in a straight line? Of course not. No market ever does that. I expect one or more corrections along the way--sharp plunges by as much as 20 or 25 percent. But these will be mere bumps along the road. In fact, savvy investors will treat them as the buying opportunities that they are. [2009] - James DiGeorgia

The Central Fund of Canada (symbol CEF) is a closed-end fund that stores physical gold and silver as its primary asset. When you buy a share in CEF, you are buying a percentage of its stock of precious metals. More than half of CEF's value comes from silver, not gold. [2009] - James DiGeorgia

I'll use the SPDR Gold Trust (the biggest one) as an example of how gold ETFs work. When the buy order is processed, two things happen. First of all, the fund issues 10 shares to cover the investor's purchase. Then the fund uses the purchase money to buy an ounce of gold, which is added to the SPDR Gold Trust hoard in London. This means that outstanding shares rise as the ETF's gold stock grows. The opposite process occurs when a SPDR investor decides to sell. His shares are redeemed, and the fund sells the corresponding amount of gold from its stock. [2009] - James DiGeorgia

As a physical asset, gold tended to have large bid/ask spreads than other investments, so the metal wasn't as easy to trade on a short-term basis. Thus, gold investors have tended to be buy-and-hold investors rather than traders. [2009] - James DiGeorgia

Using Technical Analysis to Trade Gold： A short-term trend is considered three weeks or less, a medium-term trend is considered three weeks to three months, and a long-term trend is considered longer than three months up to years or even decades. Long-term trends dominate the medium- and short-term trends. [2009] - James DiGeorgia

Using Technical Analysis to Trade Gold： For the short term, technicians may use a 10-day moving average. A 10-day moving average is two weeks. Technicians would enter into a position when prices cross above the MA line. The 50-day MA is equivalent to six weeks for medium-term time frames. The 10-day MA will make sure you get in, and the 50-day MA can help you add to your positions. For long-term trends, a 200-day moving average is normally used. A moving average's length should be set at about one half of the period of the oscillation you are trying to take advantage of.  [2009] - James DiGeorgia

Using Technical Analysis to Trade Gold： Round numbers become important resistance points to look at. [2009] - James DiGeorgia

If a frenzy occurs in gold, a good strategy is to sell half your position once you have doubled your money. When the ascent goes vertical and you hear about gold every night on the news, think about liquidating some of your position. Once prices move in a strong 90-degree angle, you should use a very short-term moving average to help you make your initial liquidation; here we will use a five-day MA. We want to sell when prices move below the five-day MA. Some traders will also use a 50-day or 200-day moving average to help them out of the rest of their positions. [2009] - James DiGeorgia

Keep 15 to 20 percent of your portfolio in physical gold. [2009] - James DiGeorgia

Private investors who are buying less than 1,000 ounces of gold should steer clear of 100-ounce gold bars. Also avoid smaller bars, such as one-ounce (or smaller) bars produced by private mints or refiners. Lastly, never buy privately minted gold bullion rounds. [2009] - James DiGeorgia

The American Gold Eagle is the best gold bullion coin. It's the most liquid coin in the world. And its buy/sell spread is rarely more than 7 percent on small amounts, and can be as little as 5 percent on quantities. [2009] - James DiGeorgia

When the gold market gets red-hot, and it will, every gold dealer and precious metals brokerage firm will pay spot (most current price) for your gold coins and sell at 10 percent over spot. [2009] - James DiGeorgia

Never buy a rare coin that hasn't been graded and certified as authentic by Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS). I most often recommend both choice and gem uncirculated condition coins. I especially like some of the rare dates and lower population coins that you can buy for modest premiums. [2009] - James DiGeorgia

Electronic or paper gold has its benefits too, especially for the short term trader. [2009] - James DiGeorgia

Precious metals essentially eliminate the middleman. They are the only financial assets that do not have to be “in” the financial system. [2008] - Michael Maloney

Because physical metals are such an incredibly safe, no-brainer investment, they have made up at lease 50 percent to 70 percent of the allocation in the portfolios that I control. Roughly 20 percent to 40 percent is allocated to precious metals stocks, 5 percent to 10 percent is divided between energy stocks and stocks in other commodities, and the remaining 5 percent is cash. I store a good portion in various security storage locations in the U.S and then the rest in an offshore account. [2008] - Michael Maloney

Large-cap mining stocks actually offer more safety and less risk than mutual funds.  [2008] - Michael Maloney