Online brokers provide an essential service in this day and age, when so many aspects of business and industry have made their way onto the Internet. If you are looking to trade in mutual funds or are in need of assistance for your personal finance investments, finding a list of stock brokers who primarily service the online community may be essential to you. Here are a few things to look out for when considering hiring one of these financial professionals.
Satisfactory customer service
One of the most important things to expect from an online broker is reliable customer service. If you are unsure of how well a particular service will perform in this regard, it may be a good idea to set up your account over the phone instead of over the Internet. This will make it much easier for you to assess the company’s customer service and how well they can accommodate your needs.
Diverse product line
Nowadays, it is more important than ever to have a well-rounded portfolio, and for that you will need to have access to a wide and varied array of financial instruments. Keep in mind also that not all investments are created equal, and some may be more suited to online transactions than others. Mutual funds are particularly tricky, since many online brokers don’t offer such products.
Ability to accommodate your investment preferences
Although a particular broker may have all the necessary qualifications and licenses and has a good track record in the industry, you should also consider his or her ability to accommodate your investment style. In some cases you may need to find a broker that has extensive experience in your particular investment niche.
Availability of service
One of the best things about having access to an online brokerage service is the ready access to trading activities and information pertaining to the market. However, if your broker is constantly unavailable, or you frequently cannot access the service for some reason, you may miss out on some crucial transactions. This is why it is very important for you to check on the availability of your potential list of stock brokers you are considering before signing up for their services.
Buying gold and silver coins is one of the great ways that you can use as a hedge against inflation. However, with many gold and silver dealers online, it can be so easy to be ripped off if you do not take your time to look for a reputable person to work with. It is very important to look for sites that offer information and advice that you really need if you want to make a worthwhile investment.
When buying gold and silver coins as an investment, one thing that you need to note is that you will only be buying for the metal content. It will not be a good idea to buy numismatic or rare coins since most of them usually have a premium that is higher than the spot price. As a good investor, you would want to get as much metal as you can for the lowest coin values.
On the internet, you will find thousands and thousands of coin sites. Some of these sites are outstanding while others cannot be trusted. There are some dealers that may want to sell you rare and graded coins so that they can make huge premiums over the spot price.
The following are the top five sites that provide values of coins.
eBay is one of the best places for getting information on coins and buying precious metals. It is a huge marketplace for practically everything that you would like to buy besides gold and silver. One of the best things that you will like about buying coins from this site is the gigantic selection that you have to choose from.
If you take your time to shop around eBay, you can find cheap deals on gold and silver coins, some of which may be under the spot price. You may also get free shipping for the coins as long as you choose the right seller.
The rates for buying coins on eBay are safe, something which makes it a safe and viable place for purchasing gold coins, silver(buy) coins and bullion.
This site is one of the nicest as well as user friendliest places for purchasing both gold and silver coins. It is comprised of descriptive videos of every metal that you would like to invest in.
One of the best things that you will like about Monex is that it goes out of its way to be informational about the products that you are purchasing. It has a gigantic selection of metals that you can choose from. The only thing that they are a little lacking in is their inventory of bullion.
On this site, you will find a list price of every item that is sold. Even though the prices may be a little high compared to other places, their website design is quite outstanding.
Overall, Monex is a great site that provides values of coins. It is worth taking time to check out even if it only means taking a look at the videos. It is a site that will teach you a lot regarding coins. If you are looking for the best gold and silver dealers online, you must just decide to go with this site.
This site has some nice inventory that you can choose from. It also has very nice shipping and customer service. It is a good place to start if you are still new in investing in coins.
The only thing that you might find to be an issue with Goldline is that they do not quote prices on the website. You can only see the prices if you call to order because they are hidden.
All in all, you can still find a good deal when buying from this site. It is a stand-up company as well as a good place to start doing business if you want to start investing in coins. But before you commit to buying from them, make sure that you call and get some price quotes.
Many people that have bought gold and silver coins from Bullion Direct have had so many nice things to say about this website. Even though it is not as user friendly as its competitors, it has a decent inventory of metals that you can choose from.
One way of investing with Bullion Direct is directing your money into a self-directed IRA. In case you have an IRA with an approved custodian, it will be possible for you to invest your tax deferred funds into gold coins, silver coins, or bullion at Bullion Direct.
When you invest in coins from Bullion Direct, you will actually be able to hold the physical metals. However, they will be either stored in a vault that belongs to Bullion Direct or a company of their choosing.
It is not a bad idea to invest in an IRA through Bullion Direct. However, you may also explore other alternatives that may be of great benefit to your money.
Apmex is one of the great sites that you should definitely go to if you want to buy silver coins, gold coins, gold bullion, silver bullion, American Silver Eagles and American Gold Eagles. It is one of the websites that have a large inventory of silver, gold, and other precious metals.
Besides the gigantic selection of precious metals at Apmex, you will also like the fact that it has great prices. It also has great packaging and it ships the metals very fast. The customer service is also great and it has amazing discounts from time to time.
All of the abovementioned websites have many insightful as well as educational coin values guides that are intended to help potential investors become acquainted with different precious metals that they may be interested in. The guides range from general information about coins to specific information such as coin grading and slabbed coinage.
If you are serious about becoming a coin collector, you should be evaluating these websites from time to time to find out if they offer terrific information or services that may help you. A good site should be able to provide consistent updates to the information as well as services that they provide.
Even though the price of gold has not been doing so well in the past few years, there are companies that have never slowed down in their quest to mine this desirable metal. In 2014 for example, the average price of gold was estimated to be 10 percent less compared to the previous year. This caused an increase in the demand for electronics and jewelry.
The increase in demand for these products combined with lowered inflation expectations as well as an improving economy gave a boost to worldwide production of gold. Some of the countries from which the increases in gold production were coming from include Australia, China, Canada, Russia and the Dominican Republic.
Since gold prices are same everywhere, you can invest in gold stocks regardless of where you come from in the world and still consider it a wise investment. You just need to make sure that the company you are investing in offers good profit for your investment.
Without further ado, here are the top five biggest gold stocks in the world.
1. Newmont Mining Corp
This gold mining company has significant operations in North America, South America, Asia, Australia and Africa. In 2014, it produced 150.7 tonnes of gold, which was a decrease from 157.5 tonnes that it produced in 2013.
Newmont Mining Group had to bring its operations at Batu Hijau copper-gold mine to halt because of export restrictions from the government. This forced it to invoke the force majeure clause that is included in its contract of work.
As of 2015, Newmont Mining Group (NYSE: NEM) tops the chart of the top gold mining company stocks. Since the first quarter of this year, its stock price has been able to rise with more than 16 percent.
The stock trades at close to nine million shares every day. The consensus price target on it is $26.03, which is estimated to yield an upside of close to 19 percent.
2. Agnico Eagle Mines Ltd
Agnico Eagle Mines Ltd (NYSE: AEM) is the second largest performing gold mining stock company of 2015. It is a Canadian based company that has operations in Canada, Mexico as well as Finland. It also has exploration and development activities in the United States.
This company operates on a policy of no-forward gold sales, which makes it to have full exposure to higher gold prices. As of 2010, it had been able to pay a cash dividend for twenty nine consecutive years.
In the first quarter of 2015, this company was rated as the best performing gold stock in the world. It was able to post a share price gain of over 15 percent during this period. Its shares traded close to its $26.15 low as compared to its $42.41 high that went on for 52 weeks.
Agnico Eagle Mines Ltd consensus target price on the stock is estimated to be $38.32, which means that an upside of close to 38 percent can be achieved from the current price of about $28. It’s forward P/E ratio is north of 33.
3. Randgold Resources Ltd
Randgold Resources Ltd is a gold producing that mainly operated in Mali even though it has its headquarters in Jersey, Channel Islands. It is the third best performing gold stock in 2015. It is listed on the NASDAQ and London stock exchanges.
This company was established way back in 1995. In 1997, it became listed on the London Stock Exchange. Its administrative functions are carried out in Johannesburg, South Africa.
Randgold Resources Ltd shares are estimated to have added approximately 8 percent in the first quarter of 2015. It has a consensus price target of $91.99, which means that the upside on the stock is close to 31 percent.
4. Barrick Gold
This company was named as the top gold producing company in 2014. In this year, it put out 194.4 tonnes of gold. It has its headquarters in Toronto, Canada, but it also has ongoing projects in Australia, Argentina, Chile, New Guinea, Zambia, United States, and the Dominican Republic.
Even though Barrick Gold was the best gold producer of 2014, the amount of gold it produced for that year was a relatively steep decline from what it had produced in 2013 (it produced 222.9 tonnes in this year).
The reason for the decline was structural shifts that the company was going through. The shifts caused modifications in the production process and caused the company to be more flexible with its finances.
In the first quarter of 2015, Barrick Gold (NYSE: ABX) was recorded to be the fourth-best performer in gold stocks. It trades close to eighteen million shares in day. Its shares have increased with about 4.7 percent since then, and have been trading at around $11 per share.
5. Hecla Mining Inc
Hecla Mining Inc (NYSE: HL) is the fifth best gold mining company stock of 2015. This company was founded in 1891, meaning that it has been around for so many years. Besides mining gold, it also mines silver and other precious metals. It has its headquarters in Coeur d’Alene, Idaho.
During the first quarter of 2015, Hecla Mining Inc recorded a share price increase of up to 4.9 percent. In a 52 week range, the stock range was between $2.00 and $3.54, and the shares traded at about $3.00 on Tuesday.
With a current price target of $2.91, this company’ stock is fully valued and the P/E ratio is estimated to be 300. You can be sure that you are investing your money wisely when you buy gold stocks from this company.
There are many other gold mining company stocks that are worth investing your money in. Companies such as Goldcorp, AngloGold Ashanti, Kinross Gold, Newcrest Mining are Polyus Gold International are also well established and also do well on the gold stock market. However, as of 2015, you will be better off investing in the five that have been listed above.
It is a good idea to stay updated with what is going on in the gold stock market so as to know which company is doing well. Factors such as changes in management structure, economic-shifts, company policies and more usually have an effect on the performance of the gold stocks. So you should always be in the know regarding what is going on in with the companies that you are interested to invest in.