Mining is a risky business for practitioners. Though 33 Chilean miners were recently rescued after surviving more than two months underground, in the past week alone a mine collapse in Ecuador and a mine blast in China have led to fatalities. Yet, the minerals under the earth’s surface – from coal to copper – are in high demand and the pace of mining is heating up.
Investors rely on accurate financial information to pick companies. But are you getting truly accurate information from a company’s balance sheet? Can you tell what a company is really worth based on a list of assets and liabilities? No.
I want you to call Mom and Dad to warn them about a bad investment. They’ve probably already been invited to a free dinner and sales pitch, and if they believe what the guy in the suit tells them, that free steak could end up costing them a chunk of their life savings.
There’s a silver lining to living in a time of financial insecurity: you can actually buy more shares of stock at attractive prices. Remember the investor’s mantra: “buy low, sell high.” Stock shares that we accumulate during this period can be worth much more once the market recovers. For those thinking about investing, here’s what some popular financial bloggers have to say in our latest roundup.
It’s the latest gold rush. On September 22, gold traded at a record $1,300 an ounce and holdings in gold-backed exchange-traded products were an all-time high. So far this year, gold is up 18%: ahead of global equities, treasuries and most industrial metals, leading billionaire financier George Soros to state, “Gold is the only actual bull market currently.”
Two years after the stock market crash of 2008, where do we stand? The recession, skyrocketing unemployment rate, and general fear around the stability of the U.S. and world’s economy has no doubt changed us. But to what extent? How has our savings, investment, and overall sentiment about our finances changed? Let’s take a look.