Comments on: If You Don’t Own Gold Stocks, You Need To http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/ The definitive investment blog for investment news not discussed in the mainstream media Sat, 11 Oct 2008 01:18:37 +0000 http://wordpress.org/?v=2.0.3 by: J.S. http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1501 Sat, 27 Jan 2007 04:46:33 +0000 http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1501 Hi Daniel, Northgate is not a stock that I follow so I can't comment on it. However, even if I did follow that stock and recommend it, I would always say perform your own due diligence. A common mistake many investors make is just following the advice of someone else without performing any of their own due diligence. And many people get burned because of this. I have read all kinds of advertisements from newsletters that proclaim,"But this stock for 1,850% gains by April, 2007!" but when I've actually taken the time to read some of the analysis accompanying the sales pitch, I've found many holes in the analysis and sometimes i've even found gross misrepresentations of the risk involved, with "professional" analysts claiming a company has millions of ounces of proven reserves in the ground when they only have millions of ounces of resources that haven't even proven to be economically mineable yet. Services that make such erroneous claims will be sure to cause many investors that buy such stocks on knee-jerk reactions to lose lots of money. Take the time to learn how to analyze the smaller gold developers, producers, and explorers. You are on the right track because you just can't buy the majors and expect to make lots of money. You'll make good money buying the majors but you'll make phenomenal money by supplementing your portfolio with a good mix of the junior developers, explorerers and producers. And all you need is several monster winners. Even if you have some losers in the mix, they will become irrlevant because at the end of the day, it's only your absolute returns that matter. Or of course, you could always learn exactly. how to do this by signing up for our course online :). Our systems should be live again this week. Happy investing, J.S. Hi Daniel,

Northgate is not a stock that I follow so I can’t comment on it. However, even if I did follow that stock and recommend it, I would always say perform your own due diligence. A common mistake many investors make is just following the advice of someone else without performing any of their own due diligence.

And many people get burned because of this. I have read all kinds of advertisements from newsletters that proclaim,”But this stock for 1,850% gains by April, 2007!” but when I’ve actually taken the time to read some of the analysis accompanying the sales pitch, I’ve found many holes in the analysis and sometimes i’ve even found gross misrepresentations of the risk involved, with “professional” analysts claiming a company has millions of ounces of proven reserves in the ground when they only have millions of ounces of resources that haven’t even proven to be economically mineable yet. Services that make such erroneous claims will be sure to cause many investors that buy such stocks on knee-jerk reactions to lose lots of money.

Take the time to learn how to analyze the smaller gold developers, producers, and explorers. You are on the right track because you just can’t buy the majors and expect to make lots of money. You’ll make good money buying the majors but you’ll make phenomenal money by supplementing your portfolio with a good mix of the junior developers, explorerers and producers. And all you need is several monster winners. Even if you have some losers in the mix, they will become irrlevant because at the end of the day, it’s only your absolute returns that matter.

Or of course, you could always learn exactly. how to do this by signing up for our course online :) . Our systems should be live again this week.

Happy investing,

J.S.

]]> by: daniel http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1489 Fri, 26 Jan 2007 04:41:17 +0000 http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1489 what do you think about nxg? what do you think about nxg?

]]> by: J.S. http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1488 Fri, 26 Jan 2007 00:16:27 +0000 http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1488 Hi Thao, I hate hate hate funds. I think great stocks will outperform great funds 1000 times out of 1000. So stocks are the way to go. Definitely consider some of the majors like Goldcorp and Newmont Mining but if you learn how to pick the small unkowns, the junior developers, explorers, and producers, this is where people will make legendary gains. Good investing, J.S. :) Hi Thao,

I hate hate hate funds. I think great stocks will outperform great funds 1000 times out of 1000. So stocks are the way to go. Definitely consider some of the majors like Goldcorp and Newmont Mining but if you learn how to pick the small unkowns, the junior developers, explorers, and producers, this is where people will make legendary gains.

Good investing,

J.S. :)

]]> by: thao vinh http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1487 Thu, 25 Jan 2007 22:43:25 +0000 http://www.theundergroundinvestor.com/2007/01/25/a-if-you-dont-own-gold-youre-not/#comment-1487 What would be an ideal gold purchase, stocks or funds? What would be an ideal gold purchase, stocks or funds?

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