New York, NY, Sept. 23, 2020 (GLOBE NEWSWIRE) — Financial expert Ken Poirot, who oversaw the investment of billions in client assets, shares how to buy gold and how to invest in gold for an incredible return on investment in 2021.
According to Ken Poirot’s article titled, How to Buy Gold: How to Invest in Gold, he states, “Owning physical gold is the best way to buy and invest in gold.” In this article he also reveals where to buy gold and the mistakes the average investor might make when investing in gold.
As Ken Poirot explains, “Rather than investing in physical gold, many investors attempt to pick the best gold mining stocks, ETFs, or even try the gold futures market; all these alternatives to physical gold investing could cost investors their potential return on investment.”
In contrast, Ken Poirot says, “When investing in gold, it is best to keep it simple: buy physical gold.”
Furthermore, Ken Poirot documents in his recent article, Gold: Investing in Gold?, “More and more Wall Street gold analysts are coming forward with bullish forecasts for the future price of gold…analysts say $3,000 is assured; $10,000 is likely; $20,000 is possible.” To put these predictions in perspective, today gold is trading at less than $2000 an ounce.
Ken Poirot cites the global recession, the crumbling US economy, China’s looming economic collapse, and the Fed’s new willingness to let inflation rise unabated all as factors contributing to higher gold prices. For these reasons he believes investors may double their money by investing in gold over the next year.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
