In light of all the recent market news, economic outlook, weakness in the dollar and now troubles in the African Mines w/ power is looks like the best time to buy gold. Current analyst are pointing to an 1100/oz price in the next few months. Below are some top performing ETFs and Trusts. Two almost mirror each other and have equal expense ratios that are extremely low at .4% providing some options, mainly who you like better. Both have a long-term positive history and invest directly in Gold Bullion… Nothing else.
Rankings from the Street:
Name Peer Rank Ticker YTD 1 Year 3 Year Expense Ratio
Market Vectors TR Gold Miners 7 GDX 7.24 27.04 0 0.55
Central Fund of Canada 6 CEF 13.67 28.53 33.03 0.43
Gabelli Global Gold Nat Res&Income 8 GGN -4.56 22.22 0 1.17
iShares Silver Trust 10 SLV 13.08 24.09 0 0.5
Central Gold-Trust 9 GTU 14.85 40.52 21.48 0.34
PowerShares DB Silver Fund 5 DBS 12.1 21.64 0 0.54
PowerShares DB Precious Metals Fund 2 DBP 8.17 32.3 0 0.79
PowerShares DB Gold Fund 1 DGL 7.5 35.53 0 0.54
iShares COMEX Gold Trust 4 IAU 8.31 38.77 29.1 0.4
streetTRACKS Gold Shares ETF 3 GLD 8.36 39 29.16 0.4
Market Vectors Gold Miners (GDX) is a pure ETF holding several Gold Mines (no pun intended) and manufactures that have almost all returned over 25% YTD. Hence the number 1 position from the street. That coupled with a .55% expense ratio makes it a great opportunity as well.
So what about Silver, Copper and platinum??? Aren’t people stealing copper out of everything they can to re-sell? Silver has been climbing as well. Platinum which is Gold on steroids is expected to be trading at 2500/oz in the next month as well. Something to look into...
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