Posted on Wednesday, 16th September 2009 by admin
Gold just hit $1,000 per ounce last week upon recent precious metal’s rally. Where is it heading? Gold is probably heading higher in the upcoming months!
Why is it the time to buy gold?
There are many factors leading us to think that buying best ETF Gold could lead you to your best investment in 2009. Here are the major reasons why buying gold ETF stock is a great idea:
- China is buying gold like there is no tomorrow:
Looking for alternatives to the US dollar, China is buying gold (and probably gold ETF stocks) as well as other commodities such as oil. China feels they have an increasing risk holding such huge amount in US currency. Hence they are looking to protect their economic growth through purchasing gold and ETF gold stocks.
- US Dollar is in a slump and ETF gold always react the opposite way
The US government is in the middle of a turmoil trying to get out of the current economic crisis. They are printing money to finance their economic stimulus program which decreases the dollar value on the market. As gold always been the best hedge against US dollar drop, ETF gold are now skyrocketing!
- Gold is being the most technically traded financial instrument in the world
There are several traders trying to play ETF gold with technical analysis. We currently have a video showing how the price of gold will be heading to higher summit later on.
There is no need to register for this video and of course you can watch it with my compliments. I highly recommend watching this video on Gold today otherwise you risk missing out on what could be the move of the year. It is definitely time to buy gold.
Now that you think it is the time to buy gold: Where can I find the Best ETF Gold?
Buying ETF gold stocks (exchange traded fund) is probably the most efficient and cheap way to benefit from the gold price surge. You can buy the best ETF gold on the market and make a lot of money if you are trading right.
I manage to pull out the best ETF gold stocks in the following chart. The first ETF gold stock chart is aiming the resources (the unique price of gold) and the second ETF gold stock chart is following the best gold producers.
| ETF Gold | NAME | PX_CLOSE_1YR | PX_LAST | CURR | LVG | RETURN |
| GLD US EQUITY | SPDR GOLD TRUST | 78.86 | 97.9126 | USD | 24.16% | |
| IGT CT EQUITY | ISHARES COMEX GOLD TRUST | 84.36 | 105.31 | CAD | 24.83% | |
| IAU US EQUITY | ISHARES COMEX GOLD TRUST | 78.9 | 98 | USD | 24.21% | |
| HBU CT EQUITY | HORIZONS BETAPRO COMEX GOLD | 14.81 | 19.01 | CAD | 200% | 28.36% |
| DGP US EQUITY | PWRSHS DB GOLD DOUBLE LONG | 16.6 | 22.5803 | USD | 200% | 36.03% |
| DGL US EQUITY | POWERSHARES DB GOLD FUND | 29.5232 | 35.9185 | USD | 22.54% | |
| XGD CN EQUITY | ISHARES CDN S&P/TSX GBL GOLD | 14.77 | 21.65 | CAD | 46.58% | |
| GDX US EQUITY | MARKET VECTORS GOLD MINERS | 30.94 | 45.84 | USD | 48.16% | |
| UGL US EQUITY | PROSHARES ULTRA GOLD | 24.82 | 37.976 | USD | 200% | 53.01% |
I am not the only one thinking buying ETF gold could be a great investment for 2009. Here’s another great article from the Telegraph : Why gold at $1,000 an ounce could just be the beginning
***disclaimer: we do not recommend the buy or sell of any investment. This is not a financial advice, nor a recommendation. Please due your due diligence before trading.***
Posted in How to buy stocks | Comments (3)
September 24th, 2009 at 1:53 pm
[...] week, I have written about the best ETF Gold on the stock market. I actually think that gold could be part of the best stock to purchase in [...]
September 30th, 2009 at 2:58 am
[...] and easiest way is definitely buying a gold ETF. Buy My Stock Picks has recently made a list of the best ETF gold stocks. The most popular are GLD (created by SPDR, in US dollars) and HGU (created by BetaPro, no leverage [...]
November 16th, 2009 at 5:33 am
[...] period as we lived during the 80’s. If it’s the case, buying gold (through gold ETF?) maybe a great [...]