How to start small investing in gold?
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Re: How to start small investing in gold?
by Recyclersteve » Fri Aug 07, 2020 6:51 pm
Another one to consider is CEF (Sprott Physical Gold & Silver). This used to be known as Central Fund of Canada. Eric Sprott seems to have a good reputation. To be truly safe long-term it pays to be diversified. I know you are just getting started so this doesn’t really apply to you...yet.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: How to start small investing in gold?
by 68Camaro » Fri Aug 07, 2020 7:05 pm
Sprott started both PHYS and PSLV himself - then bought CEF which mixes gold and silver.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: How to start small investing in gold?
by thecrazyone » Fri Aug 07, 2020 10:49 pm
Thanks, all!
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