How To Buy Gold

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It takes courage, but now is the time to buy gold stocks - Adrian Day

Saefong , MarketWatch SAN FRANCISCO (MarketWatch) Gold futures on Wednesday settled at their lowest level since early July, pressured by strength in the dollar as traders mulled the metals appeal against a backdrop of rising U.S. consumer sentiment as well as declines in durable-goods orders and a Chicagos business gauge. Gold for February delivery /quotes/zigman/9159480/realtime GCG4 +0.29% shed $3.60, or 0.3%, to settle at $1,237.90 an ounce on the Comex division of the New York Mercantile Exchange after touching intraday highs above $1,250. Prices settled at their lowest since July 8, according to FactSet data tracking the most-active contracts. Trading on Comex will remain closed Thursday for the Thanksgiving holiday and theres an early close for Fridays session. Click to Play Why China's electric-car industry is failing Despite millions of dollars flowing into China's electric-car industry, not many people are buying the clean-tech vehicles. Columnist Andrew Browne explains why the countrys attempts to rev up the sector have hit major road bumps. The precious metal lost most of its shine from earlier trading as the economic data in the U.S. started to hit the tape, said Naeem Aslam, chief market analyst at AvaTrade. visit

Gold futures settle near five-month low

It's no surprise that so many investors pay attention to such forecasts, despite all the evidence that there are no good forecasters. It's also no surprise that gold seems to defy one of the basic laws of economics as the investment demand for gold has increased along with its price. Prior to 2003, when gold was under $300 an ounce, I don't recall any investors asking if they should include an allocation to gold in their investment plan. Yet today, after a more than five-fold increase, it's one of the most frequent questions I get. In fact, a CNBC survey from last year showed that gold was most often cited by investors as the "best investment," topping even real estate and stocks. If you're looking for a gold forecast, you won't find one here. I've seen enough of the academic evidence showing that there are no good forecasters, just overconfident ones. However, I will provide you with information so that you can at least make an informed decision about gold. We'll begin by looking at the most commonly cited explanation for investor interest in gold. visit

Ignore the "buy gold now" crowd

Right now, he observed, gold mining stocks are the cheapest they have been for this entire bull market. Specifically, Day suggested that both junior and senior gold mining stocks are now stunning buys in comparison to the current price of gold. He believes that a once in a decade opportunity currently exists to buy both physical gold and gold stocks. During his long career as a financial journalist, investment analyst, and now asset manager, Day asserted the current state of the gold mining sector is very different from other bearish times in the industry. For instance, mining companies are experiencing tremendous cost increases across the board. This situation is being exacerbated by what he called a very steady decline in the number of [gold] ounces discovered, adding that major gold companies in particular are not making discoveries. Day suggested that although mining and exploration companies wasted massive amounts of money in non-essential expenditures, they were always able to raise money until now. While the combination of all the aforementioned factors has scared many investors away from gold mining equities, Day said the remaining few should muster their courage and buy gold mining stocks because they havent been this cheap in years. And, he stressed, gold stocks can and normally do outperform the gold market. Tags: gold, gold stocks, gold equities, physical gold, gold bullion, precious metals investment, Metals & Minerals Investment Conference, Adrian Day Asset Management visit