For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.
"Everyone should have some gold, but it is an individual decision as to what best fits one's risk tolerance and personal financial makeup," says resources expert Curtis Hesler, editor of Professional Timing Service.
"Bullion in some form, be it bullion coins or bullion ETF's like StreetTracks Gold ETF (NYSE: GLD), should be fitted into one's portfolio -- for diversification, if no other reason. I would consider this a top speculative idea for 2008.
"However, be mindful that bullion profits, even in the ETF form, are taxed at a higher rate than gold-mining stocks. So, bullion ETF's are perhaps best held in a tax-sheltered account, but that is an individual call."
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Reader Comments (Page 1 of 1)
1-09-2008 @ 1:46AM
Olden Atwoody said...
Don't forget to invest in other commodities as well, particularly blue steel.
"He who trade gold for guns, soon has neither gold nor guns".