I heard investing in gold mining companies can be profitable.  Does anyone know which companies are good?
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TRE  TAN RANGE EXPLO +594.40  6.80  56.96%  55.08%  622625  12.03%  7.45  0.72  \nCLG  CUMBERLAND RES  +279.70  4.25  74.91%  54.39%  113300  92.31%  4.45  1.02  \nDEZ  DESERT SUN MINI +273.70  5.72  69.13%  37.34%  434945  131.58%  5.82  1.03  \nBMD  BIRCH MTN RES L +241.10  7.53  63.73%  51.67%  826185  5.02%  8.50  1.40  \nAUY  YAMANA GOLD INC +227.80  9.66  67.62%  37.77%  1154220  46.14%  9.75  2.68  \nMNG  MIRAMAR MINING  +215.30  3.48  69.28%  45.62%  565570  38.65%  3.74  0.68  \nGRS  GAMMON LAKE RES +206.20  17.80  61.19%  43.14%  349380  49.58%  18.75  5.37  \nSA  SEABRIDGE GOLD  +190.60  8.65  57.05%  67.73%  124175  -7.98%  10.49  1.91  \nWTZ  WESTERN SILVER  +187.30  24.33  77.04%  35.70%  478415  116.07%  24.64  7.05  \nBAA  BANRO CORP +166.80  11.48  65.51%  28.69%  6865  35.54%  11.50  2.98  \nAEM  AGNICO EAGLE MI +156.30  30.92  71.67%  41.80%  1862090  56.48%  31.46  10.80  \nLIHRY  LIHIR GOLD LTD  +134.10  38.66  71.21%  38.00%  73555  20.55%  38.78  15.19  \nGLG  GLAMIS GOLD LMT +126.50  33.21  70.10%  39.30%  1502020  20.85%  34.34  12.82  \nNG  NOVAGOLD RESOUR +126.30  15.72  75.06%  41.72%  515640  72.75%  16.03  6.67  \nHMY  HARMONY GOLD MN +121.70  16.39  62.71%  42.76%  2135590  25.59%  18.84  5.96  \nTGB  TASEKO MINES LT +120.10  2.24  71.29%  61.27%  1052735  83.61%  2.40  0.80  \nNXG  NORTHGATE MINER +119.60  2.49  65.11%  37.80%  1738355  36.07%  2.59  0.92  \nGG  GOLDCORP INC +118.60  29.39  64.49%  31.30%  4117955  31.91%  30.44  12.04  \nGBN  GREAT BASIN GOL +112.70  2.15  68.90%  51.21%  274585  38.71%  2.24  0.79  \nGFI  GOLD FIELDS LTD +112.40  22.55  62.44%  37.45%  2259675  27.91%  24.17  9.40  \nKBX  KIMBER RES INC +106.30  3.01  67.11%  32.93%  214475  51.26%  3.20  0.99  \nBGO  BEMA GOLD CP +102.20  4.49  57.85%  40.46%  4937240  54.30%  4.70  1.70  \nKGC  KINROSS GOLD CP +91.40  10.86  63.22%  37.73%  1887975  17.79%  11.94  4.61  \nRGLD  ROYAL GOLD INC +90.40  35.02  58.76%  68.40%  834951  0.84%  41.66  15.99  \nMDG  MERIDIAN GOLD I +86.50  29.65  66.72%  49.37%  967425  35.57%  31.68  14.11  \nEGO  ELDORADO GOLD C +84.20  4.89  62.03%  62.27%  1183010  -0.20%  5.68  2.02  \nCBJ  CAMBIOR INC +83.80  3.35  64.17%  42.27%  548120  20.07%  3.48  1.51  \nVGZ  VISTA GOLD NEW +78.60  5.90  74.52%  28.35%  145080  16.14%  6.15  2.76  \nOZN  OREZONE RES INC +74.00  2.18  60.43%  53.17%  173675  15.34%  2.39  0.97  \nAAUK  ANGLO AM PLC AD +72.60  20.00  66.36%  28.48%  1407337  15.01%  20.26  10.69  \nRTP  RIO TINTO PLC A +70.00  212.00  67.46%  32.39%  280865  15.98%  215.79  114.90  \nRBY  RUBICON MINERAL +69.70  1.41  62.70%  124.34%  138380  62.07%  1.50  0.54  \nNAK  NORTHERN DYNAST +68.80  6.52  66.30%  33.49%  187950  22.56%  7.30  3.38  \nGOLD  RANDGOLD RES LT +57.60  18.96  67.03%  40.41%  457426  17.54%  19.75  11.00  \nGRZ  GOLD RESERVE IN +57.20  6.18  71.03%  60.05%  101340  110.92%  6.58  1.75  \nAU  ANGLOGOLD ASHAN +56.90  53.92  57.72%  38.72%  1307385  9.30%  62.20  30.50  \nMGN  MINES MGMT INC +53.30  8.42  54.30%  49.70%  152775  19.94%  9.49  4.07  \nFNX  FNX MINING CO L +53.10  11.52  49.69%  31.26%  45695  -1.62%  14.38  6.01  \nNSU  NEVSUN RESOURCE +52.70  2.92  70.00%  61.01%  298695  61.33%  3.10  1.31  \nEGI  ENTREE GOLD INC +47.10  2.37  70.97%  61.29%  122645  52.90%  2.60  1.36  \nDROOY  DRDGOLD LIMITED +44.10  1.46  50.99%  84.85%  3258770  1.39%  2.02  0.30  \nIAG  IAMGOLD CORPORA +43.80  8.78  59.37%  24.72%  380000  12.28%  9.77  5.35  \nKRY  CRYSTALLEX INTL +43.30  4.33  87.04%  72.41%  2082455  100.46%  4.36  1.01  \nCGR  CLAUDE RESOURCE +26.20  1.10  61.25%  57.94%  243585  11.11%  1.17  0.69  \nIMR  IMA EXPLORATION +23.80  3.14  60.55%  33.40%  133940  3.97%  3.48  2.00  \nNEM  NEWMONT MIN CP  +22.40  51.13  48.89%  26.70%  7592245  -4.25%  62.72  34.90  \nABX  BARRICK GOLD CP +14.20  27.74  56.40%  24.78%  4558010  -0.47%  32.14  21.07  \nBVN  COMPANIA MIN BU +5.80  25.07  52.71%  39.37%  739035  -11.41%  32.54  19.93  \nRIC  RICHMONT MINES +4.90  3.74  6
243111
Gold is always considered as an safe investment,only if it is 22k or 24 k bars.seeing the market trends,prices won't fall now.They will be stable sooner.
416971
I had long term gains in one of mine, so I took them. I may regret the move, but too many eggs in one basket is not the smartest consideration. I don't think I would sell VLO. It is better than gold. Actually, they all are but our congress is quite capable of doing really stupid things and they are painting big oil as the big boogy man. Keep that in mind, too.
62144
IMO Gold is an "insurance policy" not an investment.  \n\nIn general, gold rises under a few conditions: \nEconomic instability\nLowering value of the dollar\nIncreased inflation\n\nYou can certainly speculate by buying gold, but you're betting that one of the above conditions takes place or increases in magnitude.  \n\nOver time, gold has shown itself to be a poor investment in comparison to stocks, bonds etc. But an excellent hedge against inflation and monetary collapse.\n\nNowadays many people think that a repeat of 1929 - 1939 is impossible. It is not.  It is prudent for anyone to have a portion of their portfolio in gold as insurance against a similar future collapse because gold has historically been a store of value from ancient times to today.
1021353
The business that nobody talks about.   You have to look for hidden gems.   A company that makes an awesome product that other investors have not considered.  \n\nHere are some of my past winners. \n\nMGM - yes, gambling went way up while everything else stayed in a slump\nIPIX - security cameras looked like a HOT commodity, and they had the right thing for a few moments.  (I bought at about a buck, and sold at about 20).\nDHR - good business plan keeps this company climbing\nFO - buy a company with products that you know.  \n\nHere are some losers, that have not made much for investors since 1998.   \n\nINT, DELL, MSFT, GE\n\nIt reminds me the fact that Nobody is TOO rich.   Bill Gates has been number 1 for so long, that he seems to have forgotten how to get richer.   If Bill gets richer, then stockholders can get richer.  It does seem about time for Bill to get richer again. \n\nWhat do you think?
957924
There's a reason these companies are trading on Pink Sheets. Invest in something that will actually make money (i.e. a company that has a future). $1,000 will buy you a decent number of shares in a reputable company.
636721
Wow.  Some incredibly terrible advice so far.  Buy a no-load fund because they're free?  Would you go to a barber that gave out free haircuts?  How about a doctor who gave free colonoscopies?  Just because they're FREE doesn't necessarily mean they're any GOOD.  Loads (commissions) work like this: If you're going to someone for advice, you're going to compensate them for their time and expertise.  If you're going to do all your own research, and put in the time, then by all means, consider no-load funds--if and only if they meet your particular objectives. And if you ARE going to go it on your own, make sure you have the tools, time, and talent to stay the course.  And of course the discipline, which might be the hardest one.  Minimizing expenses is definitely key, but there are many, many super-high quality "load" mutual funds that have lower fees than "no-load" mutual funds.  Oh yes.  And better returns too.  Check the fund's annual expenses, which yo udon't pay out of pocket and hence can fly under the radar.  That's the money they deduct from your return whether they've made money or not.  Ideally, what you want is a combination of low expenses, a proven track record of beating the index, and a well-founded expectation that they will continue to do so (not just because you "feel" they will).  Of course, there are very good offerings no matter which camp go with, and MANY more terrible ones.  So do your research, either way.  \n\nAs far as buying certain sectors because they're "hot", wow, perhaps even worse advice.  Gold was at $250 an ounce and more than doubled to $660, a price unseen in, like, forever.  So where do you think it's more likely to go?  Up or down?  Gimme a break.\n\nAs a matter of fact, let's say you don't even have a crystal ball, and so you have no opinion on where gold is going.  Or stocks.  Or real estate.  Or bonds.  What's a sensible investor to do?\n\nBuy a diversified series of QUALITY mutual funds. The one good advice I saw was that owning individual stocks is just way too risky.  In many cases, it's more akin to gambling than investing.  So go with funds, which are much more diversified, and therefore spread the risk among many, many more holdings.  The key, of course, is buying quality.  So make sure you hit ALL the asset classes, like Large cap stocks, small/mid cap stocks, international stocks, emerging markets stocks, government debt, corporate debt, hi-yield debt, foreign debt, emerging markets debt, real estate, commodities, and precious metals. That's 12 categories right there, so with $1200, you're talking about $100 each.  This is called asset allocation, and it's a step beyond simple "diversification", which most idiots think is buying a hardware tech stock AND a software tech stock.  \n\nAdd systematically on a monthly basis. Soon you won't even care what any of the markets are doing.  They're up? Great!  Some of my investments are worth more.  They're down? Great! Now I'm buying quality investments at an "on sale" price.\n\nThen sit back and re-balance each year, back to your original percentages. Again, this is called asset allocation. It's is very important, perhaps the most important thing you can do with your money.  The thinking being, what's BEEN hot is more than likely not going to STAY hot.  All markets are cyclical.  There's hundreds of years of data to back this up.  Yet some people still think they can ride the next hot wave.  They usually wind up begging on the street for beer money.\n\nNow, this sort of portfolio should average 8-12% per year, so just split the difference and say 10% on average. Will it do 10% EVERY year? Of course not. I'd be surprised if it ever did EXACTLY 10%. That's an annual average. With that average, your money should double roughly every 7 years.\nSo, if you're starting
536342
www.cboe.com\n\nyou can find the future for gold there..
606559
THere are gold mines throughout the world. The largest mines are in Russia and So. Africa. There are many mines in the US West, and now, with the price over $700 per ounce, there is enough incentive to start digging again. \n\nThe problem is that the "easy" gold has largely been extracted already. The remaining gold is such a small proportion of the mined ore, that it's getting increasingly expensive to process.
189153
Cameco is the largest and has mines in Canada and the US.  It trades in New York and Toronto.\n\nUranium mining is extremely speculative.  Hot stocks that look like they have great "upward momentum" will crash unexpectedly.  Good luck.
280947
Its not cheap but gold is very bullish right now. Im guessing it will hit $1600 an ounce by the end of the decade
1110499
You can day trade the ticker GLD, which is a gold-based EFT.  There's one other, Ishares Comex Gold or something like that, but I dont' know the ticker.\n\nGood luck, I hope you don't lose your money.  Commodities are notoriously unpredictable.
400953
For the $10,000 you can't risk, you could buy a US Treasury Bill, they are pretty safe if low yielding.  For the other $1500 Gold is a possibility, even at the high price it's at now there is still a pretty good chance it will continue to climb, or you could try a Precious Metals or Commodity ETF if Gold itself is to risky for your taste.  Energy sector ETF's look good at the moment (at least to me).  Another way of thinking about this is what companies are producing things that China needs, and investing there.
371430
High Yield Investment Program. 80% are scams. The only 20% which are real--which are also really fantastic ways to make money--are listed at http://www.goldrankings.com\n\nGood luck!
802098
This is a great company to invest in.....They are gaining market share. As an employee - if you are skilled - it might be a great Future. \n\nUsually rewards follow performance.   :o )
661381
When the performace of an investment becomes front page news, like gold has recently, that says only one thing to me:\n\n     BUBBLE!\n\nMaybe gold has had some fundamental reasons for going up thus far, such as inflation and weak dollar, but if it continues to skyrocket, I think it's mainly a speculative bubble. Remember, gold doesn't do squat for you while you own it.  No dividends, no interest payments, nothing. (In fact, you have to pay to store it securely.) To make money on gold, you have to hope someone will want to buy it from you later at a higher price. \n\nSo to answer your question, now might be a fantastic time to buy gold, as long as you have psychic powers to know when the price will suddenly collapse.
861748
I have had lot's of success in penny stocks, but it is dangerous. The penny stock market I know is the Canadian Venture exchange where many new miners, and drillers go to get capital. There are also nice ones on the Australian Exchange. However, doing real research is difficult so be careful. These stocks trade on the US bulletin boards as OTC symbols. Some I like, are MEO.V, CHX.V, FMM.V, But be very careful. They can double easily, but just as easily get cut in half.