Golden Hope Mines

Golden Hope Mines Limited is a junior mining company trading on the TSX Venture Exchange under the symbol GNH and on the Pink Sheets in the U.S. under the symbol GOLHF.

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Debbygold:RE:Best way of buying gold

Golden Hope Mines

over 13 years ago

Debbygold,

IMO,an explore co. such as GNH would be put in a portfolio only after you have done the following first.

1) Buy physical gold/silver in a fully allocated and audited fund such as Bullion Management Group's Gold/Silver/Platinum mutual fund symbol BMG100.The best part about this fund is that it is open ended so there is never a premium attatched to the NAV.There are a number of closed end funds which are also good but they usually have substantial premiums to their NAV.Some examples would be CEF.A (gold/silver),GTU.UN (gold only),SBT.UN (silver only) and Spott Asset Management also has a gold specific or silver specific fund.The above symbols are for Canadian exchanges.

2) Buy pecious metal royalty companies such as Royal Gold (T.RGL),Franco Nevada (T.FNV) or Silver Wheaton (T.SLV). Again,Canadian symbols.

The reasoning behind this is if precious metals rise but the explore co. comes up empty,you'll most certainly lose money without #1&2. My opinion only.Hope this helps.