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Upload your pdf file. Add comments, delete or rotate pages and many more. Online PDF Editor. Fill out forms, add your personal signature, white out or highlight ... Among all the commodities, investors are probably most aware of precious metals in particular gold While gold is used in some manufacturing settings (in the making of car air bags, for one), it is primarily considered a nancial asset The Chinese, for example, started using gold coins as a form of money going back to around 1000 BC Gold s historic relationship with currency the value of a US dollar used to be pegged to gold has made it a benchmark nancial asset To this day, investors bet on gold during times of volatility in the stock market and instability in the US currency market This makes this precious metal a hedge, or bet, against the economy Gold is particularly in demand during periods of high in ation The thinking is that if the value of the US dollar is diminished by spiraling in ation, investors will seek an alternative asset that won t lose as much value because of rising prices This explains why gold prices soared to record levels in the so-called stag ationary period of the 1970s, but steadily sank in the late 1980s and 1990s, when in ation was wrung out of the US economy Investors have several options when it comes to investing in gold They can buy it directly through the purchase of gold coins, or even jewelry and also invest in gold stocks These are companies whose core business is tied to the mining, processing, or distribution of gold Among some of the better known gold mining companies are Barrick Gold, Newmont Mining, Placer Dome, and Freeport-McMoRan Copper & Gold While shares of these publicly traded companies move with the price of gold, at the end of the day these are still shares of a company, not the underlying commodity So an investor in a gold stock is not only making a bet on the commodity, but a bet that the management of a speci c business knows how to exploit uctuations in gold prices to generate solid long-term pro ts The easiest way to invest in gold stocks is to invest in a professionally managed fund that specializes in them This is easy to do since an entire category of mutual funds is devoted to investing in these companies According to Morningstar, there are about 50 precious metal sector mutual funds The biggest funds are listed in Figure 10-6. highlight pdf online: PDF Online Reader: View and Annotate PDF Free online pdf drawing editor Yawas Web and PDF Highlighter extension for Google Chrome ...
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