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Gold Mining Stocks ala Chavez

Posted by pennystockexplosion on August 24th, 2011

Tuesday was just another typical Venezuelan day for Hugo Chavez and it might be a positive event for certain gold mining stocks. Chavez is now nationalizing the gold mining sector and is also planning to repatriate gold held at the Bank of England

When you make the decision to invest in commodities, you should know which parts of the market are growing and which ones are stale. Commodities can be an essential part to daily life, but some countries have outgrown the usefulness of certain goods.

While many people are content with opportunities located domestically, true experts know that portfolios should use foreign holdings to protect their monetary investments and increase the amount of sources of increased earnings from the stock market, and a great way to do this is with Canadian mining companies.

Gold prices continue to linger around heady all time highs yet gold mining stocks have not enjoyed the same wild degree of success. Globally, new gold mines are cropping up such diverse places as China, the Philippines, India, Eritrea and Brazil yet the promised rich returns for investing do not seem to meet investor expectations.

stock market investment - After falling 35% in 2008, US stocks are now trading at only 10.6 times forecast earnings, well below the historical average. But are they good value yet?

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