Is this news or not?
The best performing investment so far in 2007 has been gold. This isn’t news to me because I’ve been recommending gold as an investment for the past four to five years… maybe it’s news to others who haven’t noticed the gold rise.
Funny thing about the investment media: They’re not telling their viewers and readers about the gold bull market. I wonder why. Maybe they don’t know about the bull market in gold either. Or possibly because Wall Street makes more money underwriting other types of stocks.
Aside from my PROFIT CONFIDENTIAL and a select few other investment sites and advisors, few analysts are using their speaker phones to tout gold as a viable investment alternative.
But we don’t have to look far to see where people are making money early this year.
Gold is up 3.4% in the past 30 days. I don’t have to be a math genius to figure that, at that rate of growth, gold’s in for another banner year in 2007.
The gold stocks are doing even better than gold bullion! In the last 10 trading days, the Dow Jones Gold Mining Index has risen 5.2%! What other types of stocks are delivering these kind of gains? None.
Given the pace at which gold bullion and gold stocks have started out 2007, I expect gold’s 23% gain of 2006 to pale in comparison to gold’s total gain for this year.
If your investment portfolio doesn’t have any gold stocks, there is no better time to start adding quality gold issues than now. If you already have gold stocks in your portfolio, you might want to consider adding more exposure to gold whenever the metal’s price dips.
No, gold stocks are not as exciting as tech stocks or biotech stocks, but gold could surprise investors this year on the upside more than we even thought possible.