Gold and Silver Surge on Fed News: Gold Stocks Paying Dividends
Daily Profit

Syndication

News

  • I'm hosting an exclusive online video event, "Profiting from Crisis in Europe". Investors are scratching their heads trying to figure out how to make money in the markets with Europe's debt crisis seemingly expanding everyday. Go to http://www.100kportfolio.tv/video to find out more.

Gold prices rose $45 an ounce today as investors flocked to the ultimate store of value after Fed Chief Ben Bernanke renewed his attack on the U.S. dollar with another round of quantitative easing.

Called QE2, the Fed will spend as much as $900 billion to buy U.S. Treasury bonds as a way to keep the dollar weak and boost corporate profits.

Of course, savvy investors understand the threat to the U.S. dollar. And they also understand that the Fed is inviting inflation, which will further impair the value of the dollar.

In order to protect and grow the value of their wealth, investors are piling back into gold.

Investor demand for high quality, authenticated gold has sent this stock's price up 103% this year. But with a trailing P/E of 7, another double is likely in the near term. What's more, this stock pays a 7.8% annual dividend.

For more on how you can earn 7.8% and potentially double your money as gold prices continue to run, please CLICK HERE.





Posted 11-05-2010 1:06 PM by Ian Wyatt
Related Articles and Posts