NEWARK, Del. - (Business Wire) PicksThatMove.com opines promising trading opportunities with likely potential for gain. The companies we follow have favorable revenue models for business development at upward cycles. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.
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The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com
We can be expecting a lot of volume in the coming weeks from gold exploration companies as many of them have given their notification on the release date of their third quarter results. Those prominent on the stock market and actively trading include, Kinross (TSX: K), Yamana Gold (TSX: YRI), IAMGOLD (TSX: IMG), Goldcorp (TSX: G), Lake Shore Gold (TSX: LSG).
Whatever the future may hold for gold or how profitable these companies may be, it is hard to ignore this shinny commodity.
Lets take China for example. It is being reported that China now holds the world’s 5th largest gold reserve with 1054 tonnes. Considering there was a substantial amount of money printed into the U.S economy, in turn undervaluing the U.S. dollar, China could now be shifting their investment interests to gold. It is being reported that the Chinese government is urging its citizens to go out and buy gold or silver bullions. China’s state-owned television network ran a programme that informed people of how easy it is for them to invest in this commodity. China’s largest bank, ICBC, offers a personal gold trading account to facilitate gold trading. Unlike in the past, where investing in gold and silver was under strict control, the government has now loosened its grip and is urging its people to hold these investments. The bars are available in measurements of 500g, 1 kg, 2kg, and 5 kg, with 99.99% purity. China is shifting slowly from being the lowest per capita gold consumers in the world to being a significant investor in these precious metals. There are reports indicating that China will exceed India, who for years held the world’s biggest gold market, in gold consumption. Having a population of 1.3 billion, which is greater then 20% of the world’s total and with this new shift from the dollar to gold, this could easily become the case in the near future.
What are the reasons behind this shift? Does China know something we don’t? What does the future hold for gold? If a nation like China shifts their reserve from the dollar to gold this will undoubtedly have an effect on the global price of gold and could prove detrimental to the dollar. Gold is tangible, you can touch it, you can feel it, and there is only so much of it to go around, as for paper, well if we fall short we can print it and have more, making its real value more difficult to measure. If all that is being said is true, one way or another, it has to be a strong indication of gold prices to come.
So whether you think gold is the new green or all this hype will fade, it is important to stay informed through it all. Every investor is different and we all have different needs, so whether you invest for a reason, or a season or a lifetime, let www.picksthatmove.com help you stay informed.
About Picksthatmove.com
PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
Nick Hunter, RIA, of PicksThatMove.com is a member of the National Association of Securities Dealers, CRD number 2022366
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Joseph Smith, 1-877-292-3917
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