When making the decision to buy gold coins or invest in gold stocks, it is important to purchase the correct items. Buying a worthless coin or stock is similar to throwing money out the window because the item will never increase in value. Investors should research the best U.S. gold stocks in terms of performance and potential.
Gold prices are holding at approximately $1200 per ounce after falling since the start of July. Analysts feel that gold may stabilize in this price range for the near future. Some experts feel that a longer-term increase in the price of gold is imminent, so they advise purchasing gold stocks now before prices rise further.
Allied Nevada Gold Corp. is a company that engages in gold development and exploration projects in the state of Nevada. The company owns Hycroft Mine, expected to have annual gold production of 90,000 in 2010. SPDR Gold Shares is one of the fastest growing ETFs in the United States. This fund trades on the NYSE Arca and stock exchanges in Singapore, Tokyo, and Hong Kong.
Investors should also look at exploration companies that are currently moving into the development stages and are planning future production. These are classified as RSG Exploration II stocks and companies must meet several criteria in order to be included in this group. They have established production plans and are characterized by strong internal growth. This group is comprised of 19 companies that have a $6.4 billion total market capitalization.
Investors who want to purchase U.S. gold stocks should do research on these and other well-performing companies. There is money to be made in the stock market when it comes to gold because the price of the precious metal continues to rise. Adding U.S. gold stocks to one’s portfolio will provide some security in these turbulent economic times.