Today gold surged to a 3 month high. Serious investors should take note of this trend.
Gold is one of the most misunderstood commodities in the World. For some reason, the majority of individual investors shun the precious medal; while â€śsmartâ€ť portfolio managers often take a 3 to 5 percent alternative investment position in gold stocks as a portfolio hedge and hedge against inflation. Like all industries there are good gold stocks and bad gold stocks. So, it does take some due diligence to determine which gold stocks to own. One of the best ways to start investing in gold stocks is to look at the components of the Philadelphia Stock Exchange Gold and Silver Sector Index (symbol: XAU). Gold mutual funds often take large positions in these stocks. You can see a list of the component stocks and weightings at PHLX Gold & Silver Sector XAU.
To read about todayâ€™s action in gold go to FX Street.com.
About the Author
Robert T DeMarco is CEO of IP Group in Herndon VA. IP Group offers software communication tools for use on the Internet. These include: PowerTools, Watch Right, Always on Time and IM Frame. Mr. DeMarco is the author/editor of several Weblogs and is also a member of the High Tech Crimes Industry Association (HTCIA). Mr. DeMarco has university level and corporate training and teaching experience, spent 20 years on Wall Street, acted as CEO of a small software company, and is currently discovering the world of blogging.
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