As the Dow continues to plunge, everybody is losing money. But the few brave souls with either money to spend, or just wanting to roll the dice, are looking for something to gamble on.
People are losing more and more faith in American currency, as it gets dominated in the world economy. And also paper money is dropping. Oil was the big one definate, but Oil also is dropping, earlier today it was down 100 points for this day only. But don't get optimistic, that won't lower gas prices until the feds crank down on American Oil companies.
So the question is, "what is there to buy?" Well, as stocks and oil have dropped. Gold has shot up.
Gold had been rising earlier this spring, but then it dropped again to around 800$. But today it is up over 900$, and strategies are predicting it to rise to over 1000$ an ounce.
Nobody trusts the government, and you'd have to be stupid to trust the oil barons, Gold is the only thing that keeps it's value no matter what.
Here's a list of the top ten Gold stock companies.
1.Anglo American plc (ADR) .......
2.Barrick Gold Corporation (USA)
3.Newmont Mining Corporation ....
4.Goldcorp Inc. (USA) ...................
5.AngloGold Ashanti Limited (ADR)
6.Gold Fields Limited (ADR) .........
7.Harmony Gold Mining Co. (ADR)
8.Agnico-Eagle Mines Limited (USA)
9.Kinross Gold Corporation (USA)
10.Yamana Gold Inc. (USA) ...........
As Gold continues to rise, their stock will only grow, a repercussion of the countries distrust in the government, and the economy.
Thursday, September 18, 2008
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3 comments:
Well wishful thinking on my part to even think I could buy up a bunch of gold, but it would be nice. :)
Thanks for your post, I had thought about doing a similar one, but you beat me to it. lol
Thanks for the information.
haha me to, but the point is that it *Would* be the right thing lol. O well maybe, if my blogs start taking off.
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