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Skarica: Time to Buy Gold Stocks Is Now

By Ellen Chang   |   Tuesday, 13 Oct 2009 11:09 AM

Investors should buy gold and gold stocks right now, says David Skarica, gold expert and editor of The Gold Stock Adviser newsletter.

Skarica says gold is entering its buying season, so investors should begin acquire the metal, better still, leveraged gold mining stocks, soon.

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November has been the start of a popular buying period since 2000, Skarica notes.

“That is the seasonality where the gold and gold stocks have been strong,” he said.

Part of the demand occurs because the Indian wedding season occurs in the fourth quarter and increases buying, he says.

There are also more players in the market from the fall to the spring season, Skarica says.

Investors have the option of either buying physical gold or gold stocks. Investors who are afraid of evaporation of paper wealth because of inflation should turn to acquiring gold physically, he said.

Another option is to invest in closed-end funds that hold bullions or ETFs which track gold or gold stocks.

Investors who want to hedge should use market mechanisms, however, Skarica explains.

See David Skarica's Top Gold Stock Picks for 2009 — Click Here

“Not all gold stocks are not created equal,” he says.

Investors should look for gold mining stocks that invest in quality companies that are expanding their reserves and have gold in stable political regions of the world, he said.

“You have to know which type of companies to pick. You have to be wary that a gold stock may not go up just because gold goes up itself,” he said.

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Investors should buy gold and gold stocks right now, says David Skarica, gold expert and editor of The Gold Stock Adviser newsletter.Skarica says gold is entering its buying season, so investors should begin acquire the metal, better still, leveraged gold mining stocks,...
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2009-09-13
 

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