Stocks Gold Mining Companies Rise when Gold Goes Up
The price of gold had risen by 7% this year by the end of July but still the metal price has fluctuated a lot in the year 2014. The gold mining stocks are no different as they had almost the same trend with a hike in price in February this year but a futile end to it in April. But, overall the year 2014 has been quite profitable for the gold investors as the value of metal was usually booming all year round with just slight occasional slumps.
If we look deep inside the gold mining companies then we see that the Osisko Mining Corporation has hiked by a value of 83.44% to date. The Primero Mining Corporation has hiked by 75%, the Agnico Eagle Mines limited have soared by 56.71%, the B2Gold Corporation has seen a boom of 32.8% and finally the Goldcorp Incorporation value has soared by 27.41%. The list goes on as every gold mining corporation has enjoyed decent rise in the prices of gold this year.
The plot of the recent soaring in the price of gold was laid last year and it all came as an expected thing and there were no surprises at all. The keen gold investors might find it easy to recall that the prices of gold dropped viciously in 2013 by a margin of 28%. This resulted in putting up a tight check on the gold mining corporations bottom lines.
The last two years have put up a great pressure on most of the gold equities which is particularly due to the falling than the building price of gold. This prompted the gold miners to considerably grow their production irrespective of the fact that the prices of gold are on a decline.
Other than this, the price of commodities also dropped considerably in a span of last three years or so. The gold mine corporations in such market circumstances took to price viciously and exploited very well, wherever the find an opportunity.
Recently though there has been big buying in mining stocks after there big drop. They are now consolidating in a range with smart money flowing into them. This is textbook bottom formation.
The poor time on the gold mining companies in the last few years prompted them to change their strategies significantly. In the hard times, they had no option other than to downsize their staff by quite a noticeable margin. Further, they also cut down on their many ongoing projects and also the ones which were in the pipeline. This helped them to get a breathing space in poor market conditions and reevaluate their circumstances to come up with something bigger and better, which they actually did in this year.
Options for Storing Gold Bullion
You need to own mining stocks in your portfolio and you need to have some physical gold. But people worry about how to store it.
Investing in the gold bullion is one of the most profitable forms of investment today. However, it is very important to consider a perfect storing method for this precious commodity. There are three main options available to you when storing gold bullion. You can store them in safety deposit box, a home safe or a third party storage service. Each of these options has its pros and cons but to take the most ideal option, consider the value of the gold bullion and its physical size. Let’s take a critical look at each of these options, pointing out their benefits and shortfalls.
Third Party Allocated Storage
This is the most secure method of storing gold bullion. This gives you the ideal combination of accessibility and security, especially for customers who want the added peace of mind knowing that their investment is 100% secured. Third party services store valuable items in secured vaults packed into specific boxes of customers. Only the customer has access to this vault. Moreover, you are insured that the value of the gold will be paid to you if something happens to it. The only downside of this storage method is the cost of paying for the service.
Bank Safety Deposit Box
This is another good option for those seeking for a secured storage for their gold investment. The gold is stored in the safety deposit boxes of customers. However, this may not be the safest way of storing gold bullion because you are not insured in case the deposit box is compromised. You are also required to pay a monthly fee for keeping your valuables with them.
Safe Keeping at Home
Home safes are the most common methods of saving gold bullion. When storing gold bullion at home in a safe, do not share the information freely with people. Your valuable will be safe if there are only few trusted people who know about it. In fact, the fewer people you tell the better. You only need to tell a trusted person about the gold in case something happens to you.
Which option is best?
This question cannot be easily answered. As stated earlier, it all depends on the quantity of gold you are storing and the value of the gold. If the gold is worth a fortune, storing them in the safest place, bar the monthly cost, is the most ideal. But if you prefer keeping it at home for your convenience and ease of access, hide them in a secured place where intruders will not come across them by accident.
If you want to learn more about gold investing go to addictedtoprofits.net.
The price of gold had risen by 7% this year by the end of July but still the metal price has fluctuated a lot in the year 2014. The gold mining stocks are no different as they had almost the same trend with a hike in price in February this year but a futile end to it in April. But, overall the year 2014 has been quite profitable for the gold investors as the value of metal was usually booming all year round with just slight occasional slumps.
If we look deep inside the gold mining companies then we see that the Osisko Mining Corporation has hiked by a value of 83.44% to date. The Primero Mining Corporation has hiked by 75%, the Agnico Eagle Mines limited have soared by 56.71%, the B2Gold Corporation has seen a boom of 32.8% and finally the Goldcorp Incorporation value has soared by 27.41%. The list goes on as every gold mining corporation has enjoyed decent rise in the prices of gold this year.
The plot of the recent soaring in the price of gold was laid last year and it all came as an expected thing and there were no surprises at all. The keen gold investors might find it easy to recall that the prices of gold dropped viciously in 2013 by a margin of 28%. This resulted in putting up a tight check on the gold mining corporations bottom lines.
The last two years have put up a great pressure on most of the gold equities which is particularly due to the falling than the building price of gold. This prompted the gold miners to considerably grow their production irrespective of the fact that the prices of gold are on a decline.
Other than this, the price of commodities also dropped considerably in a span of last three years or so. The gold mine corporations in such market circumstances took to price viciously and exploited very well, wherever the find an opportunity.
Recently though there has been big buying in mining stocks after there big drop. They are now consolidating in a range with smart money flowing into them. This is textbook bottom formation.
The poor time on the gold mining companies in the last few years prompted them to change their strategies significantly. In the hard times, they had no option other than to downsize their staff by quite a noticeable margin. Further, they also cut down on their many ongoing projects and also the ones which were in the pipeline. This helped them to get a breathing space in poor market conditions and reevaluate their circumstances to come up with something bigger and better, which they actually did in this year.
Options for Storing Gold Bullion
You need to own mining stocks in your portfolio and you need to have some physical gold. But people worry about how to store it.
Investing in the gold bullion is one of the most profitable forms of investment today. However, it is very important to consider a perfect storing method for this precious commodity. There are three main options available to you when storing gold bullion. You can store them in safety deposit box, a home safe or a third party storage service. Each of these options has its pros and cons but to take the most ideal option, consider the value of the gold bullion and its physical size. Let’s take a critical look at each of these options, pointing out their benefits and shortfalls.
Third Party Allocated Storage
This is the most secure method of storing gold bullion. This gives you the ideal combination of accessibility and security, especially for customers who want the added peace of mind knowing that their investment is 100% secured. Third party services store valuable items in secured vaults packed into specific boxes of customers. Only the customer has access to this vault. Moreover, you are insured that the value of the gold will be paid to you if something happens to it. The only downside of this storage method is the cost of paying for the service.
Bank Safety Deposit Box
This is another good option for those seeking for a secured storage for their gold investment. The gold is stored in the safety deposit boxes of customers. However, this may not be the safest way of storing gold bullion because you are not insured in case the deposit box is compromised. You are also required to pay a monthly fee for keeping your valuables with them.
Safe Keeping at Home
Home safes are the most common methods of saving gold bullion. When storing gold bullion at home in a safe, do not share the information freely with people. Your valuable will be safe if there are only few trusted people who know about it. In fact, the fewer people you tell the better. You only need to tell a trusted person about the gold in case something happens to you.
Which option is best?
This question cannot be easily answered. As stated earlier, it all depends on the quantity of gold you are storing and the value of the gold. If the gold is worth a fortune, storing them in the safest place, bar the monthly cost, is the most ideal. But if you prefer keeping it at home for your convenience and ease of access, hide them in a secured place where intruders will not come across them by accident.
If you want to learn more about gold investing go to addictedtoprofits.net.