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Two Top Picks for Gold and Silver Stocks
posted Friday, 30 December 2005
Silver Wheaton is one of only a couple companies that makes money primarily from mining silver. SLW stock has done quite well this year and will do much better in 2006, I believe. As silver continues its inevitable move upward - given the fact that silver bullion is now rarer than gold and amazingly inexpensive, this rise must continue - owning some silver stocks makes a lot of sense.
As for gold, I recommend one of the leading gold companies of all, GoldCorp, with the ticker of GG. Smart executives, a solid business, and huge profit potential as gold heads for new highs in the face of fears about inflation and a weakening dollar. The gold bull market is just beginning, and GG is one way to profit handsomely from what is likely to happen in 2006 and beyond.
I recommend that 10-20% of your savings be in real precious metals, and another 10% or so of your investments (e.g., your 401k) include precious metals. Frankly, I think you'd be wise to have 20% in stocks such as gold, silver, and even uranium (Cameco, CCJ, is my recommendation there). Happy investing!
As for gold, I recommend one of the leading gold companies of all, GoldCorp, with the ticker of GG. Smart executives, a solid business, and huge profit potential as gold heads for new highs in the face of fears about inflation and a weakening dollar. The gold bull market is just beginning, and GG is one way to profit handsomely from what is likely to happen in 2006 and beyond.
I recommend that 10-20% of your savings be in real precious metals, and another 10% or so of your investments (e.g., your 401k) include precious metals. Frankly, I think you'd be wise to have 20% in stocks such as gold, silver, and even uranium (Cameco, CCJ, is my recommendation there). Happy investing!
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