Visitors Now:
Total Visits:
Total Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Weekend Edition: Our Key Advice on Buying Gold Stocks

Sunday, November 6, 2016 12:23
% of readers think this story is Fact. Add your two cents.

(Before It's News)

caseyresearch.com / By Louis James, editor, International Speculator / November 06, 2016

Editor’s note: If you’ve been reading the Dispatch, you know Casey Research founder Doug Casey believes we’re at the start of a gold “mania.” In the coming years, he expects certain gold stocks to rise 500%, 1,000%, 2,000%, or more.

Yesterday, our gold stock guru Louis James explained how he finds gold stocks with huge upside potential. Today, Louis gives key advice on maximizing your gains in gold stocks…

Here’s how to make volatility your friend: Buy low and sell high.

That’s easier said than done.

To make it work, you have to be a contrarian investor. That means backing up the truck for stuff no one else wants.

It may be a cliché, but it’s true: The best time to buy is when there’s blood in the streets. And the time to sell is when everyone else piles in to the market you knew would go up.

Of course, this only applies to investments that have value. Buying after the pet rock market crashed in the 1970s was not a great move. But buying copper when it fell below the cost of production in 2001 was. The world still needed copper then, needs it now, and will need it in the future.

In an ideal world—or at least one in which we are immortal—disciplined contrarians could amass limitless fortunes. All they’d have to do is buy necessary goods after total market meltdowns and sell when the masses pile in.

Unfortunately, these cycles can last ten or twenty years. That’s well beyond the patience of most investors.

Enter our friend: market volatility.

Economists like to imagine that markets are rational. Experience tells us otherwise. Markets are often more volatile than pure theory predicts. Resource markets, and precious metals markets in particular, are among the most volatile.

READ MORE

The post Weekend Edition: Our Key Advice on Buying Gold Stocks appeared first on Silver For The People.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.