Kinross Gold Corporation (kgc) Interesting Gold Play?

Discussion in 'Investment Charts' started by gowiththeflow, Sep 6, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    If you feel that strongly about gold why not just buy gold or gold futures?
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Fair point, but with these gold company plays you sometimes get a doubly whammy of a lift in the price of gold and a recovery in sentiment towards the company.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Not a big fan of the mining stocks myself - but if you are, there's a TON of big money in this one.

    I mainly prefer to get gold exposure via ETFs that borrow little or no money and mainly just buy and hold the physical commodity. I buy shares of the ETFs over time via dollar cost averaging, then may sell some when I feel the time is right to take some profits. I always hold at least a little.

    One thing I often like to do is buy weaker currencies with dollars, then use the weaker currencies to buy shares the gold ETFs.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Interesting how you play the currency and gold markets at the same time - how exactly does this work?
     
  6. JR Ewing

    JR Ewing Super Moderator Staff Member

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    If you can buy foreign currencies through your discount broker using your own currency, you should be able to buy securities using that foreign currency.

    I might buy 110k yen with $1k USD, then buy 110k yen worth of gold securities.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Do you always have at least something invested in gold at all times?
     
  8. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Yes. Typically 5%. Perhaps a little more or less at times.
     
  9. strongbully

    strongbully New Member

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