Posted by: timetraveller December 29, 2006
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Hi_nanu...most brokerage firms allow trading of commodities.
There are many ways to invest:
1. Through companies that are involved in mining of gold
2. Through ETFs as well (Exchange Traded Funds).
Think of ETF's like mutual funds, but they can be traded like stocks! What does that provide you? ETF's are less volatile but are good way to invest because they are chosen in a way that represent a mix of companies in the same industries and represnt an average valuation of all those firms. If gold prices go up, so should the value of these companies.
3. Through futures- now this is more advanced stuff- something not even I am comfortable treading into.
Beware though, Gold prices are notoriously high right now. Look around for some more advanced analysis in the news, finance websites. Gold's value again'st the USD is also insanely high. So wait for a correction to come- let the price fall. The US china battle of economic wits wont occur for the next 10-12 years, you have significant learning time frame till then.
-TT