Don't buy gold!!! There's a better way to invest in gold and see greater returns

Don't buy gold!!! There's a better way to invest in gold and see greater returns

By Jesusisamazing | All for His glory | 21 Feb 2020


Don't buy the gold, invest in the company mining the gold. If you buy an ounce of gold at $1500 and it climbs to $1800 you make a $300 profit, but if a company is mining gold for $1200 an ounce and the price climbs from $1500 to $1800 their profit just doubled. In a bull run, you can expect to see gains over double that of buying gold when investing in gold mining companies. A simple and safe starting place is the VanEck Vectors Gold Miners ETF (GDX). It tracks the performance of 44 top global gold mining stocks.

Though gold prices have been rising slowly and steadily, with global uncertainty mounting and the Fed. almost certain to continue getting more aggressive with quantitative easing, further inflating the dollar and a presidential election this year, I'm banking on higher gold prices.


Jesusisamazing
Jesusisamazing

I love Jesus and have been absolutely enthralled with crypto currencies since I was introduced to bitcoin about 2 years ago when I began investing and studying blockchain technology and investing.


All for His glory
All for His glory

I want to provide unique insights and use cases, much of which I feel the Lord has given me to help equip the crypto community to easily and clearly share something that we're all passionate about with the people around us, that we might be effective crypto evangelists and draw average people into this market before wall street money pours in and we see an explosion that will exceed our expectations and lead to a great wealth shift.

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