5 Gold Stocks That Could Plummet In 2013
By Mel Daris:I have never been a big fan of gold investing personally. The yellow metal is, of course, the premier non-performing asset in the world. Gold accomplishes nothing when held as an investment. It creates no jobs, no products and no ideas. It simply remains in a vault. However, its scarcity makes it an excellent hedge against inflation, something which the Fed's current monetary policy has only bolstered. However, nothing lasts forever, and the sun will set on the Fed's policy of cheap money. Is it then worth the risk to invest in these gold stocks before the big price plunge?
First up is Kinross Gold (KGC), a miner and processor of gold, silver, and copper ores. The Toronto-based company produces gold from mines on four continents and has proven reserves of 63 million ounces of gold, 85 million ounces of silver, and 1.4 billion pounds of copper. TheComplete Story »