Gold Penny Stocks
When a nation’s currency is in turmoil, people look to invest in gold and gold penny stocks make an interesting choice. If you’ve been even partly alive you’ve seen all the gold news and know the gold price has been on a meteoric rise these past years. But what are the gold penny stocks to buy?
I’ve invested in gold and years ago as part of my gold investment plan I jumped into a gold exchange traded fund that has since exploded. Whether it’s gold stocks, funds or gold coins, you need to be thinking about investing in gold. I expect to see more gold top penny stocks.
A quick side story, I was watching a show on TV and the guy sold one of his cars. Rather than putting the money in the bank, he quickly spent 100% of it on a gold investment.
Gold Penny Stocks
Ok, let’s talk about trading the top gold penny stocks. What types of gold penny stock picks exist?
Keep in mind, there are many ways to invest in gold. You could invest directly, such as buying gold bullion (coins and bars) or other items. You could invest passively, such as investing in a fund that buys gold. You can also invest indirectly by trading gold penny stocks that are a play on gold (gold mining comes to mind).
As of this writing, the gold price is over $1840 per ounce. Years ago when I jumped on the gold commodities bandwagon, it was going for about $600 per ounce. I think it’s going higher due to currency instability.
I will be brining you more gold penny stock investing and trading news and ideas as we go, but here are some starting hot penny stocks to watch. Keep in mind, I’ve chosen gold mining stocks to start with and that means you’re also tapping into silver penny stocks too. Precious metals is definitely a sector to watch.
Gold Mining Penny Stocks
Remember, before investing in gold or silver, especially gold penny stocks, do your research. As of this writing, these are four solid gold mining penny stocks to look at. Generally, we feel it’s best to look for gold mining stocks at the penny stock level.
- Midway Gold Corp. (AMEX: MDW)
- Gold Reserve Inc. (AMEX: GRZ)
- Kimber Resources Inc. (AMEX: KBX)
- Great Basin Gold Ltd. (AMEX: GBG)
