Author : Wayne Saman
CEO Wayne Saman is a greatly respected financial advisor…Wayne was born in Australia and is mortgage broker, accountant and financial advisor. He served as a key principal in roles as Manager in Scientific, and Technical Consulting Services, and Management consulting services at Freedom Financial Consultants. He has extensive experience in all areas of business advisory, with expertise in taxation advice, planning, business structuring and development, self-managed superannuation and management advice. His portfolio of clients extends across a broad spectrum of industries and services.
Wayne Saman Education
Not only does Wayne hold a Bachelor of Commerce, he also has earned himself a Graduate Diploma of Applied Finance and Investment as well as a Diploma of Financial Planning.
Wayne Saman Experience
Wayne Saman worked in FREEDOM FINANCIAL CONSULTANTS PTY. LTD. which is located in IVANHOE EAST, VICTORIA, Australia and is part of the Management, Scientific, and Technical Consulting Services Industry. FREEDOM FINANCIAL CONSULTANTS PTY. LTD. Employees and Sales figures are modelled).
Why would people like Mining Stocks? According to Wayne, mining stocks are appealing because they are leveraged; this means that when gold rates go up, so do these stocks. Short term, mining stocks appear to outperform gold in a variety of economic scenarios. But the price of silver and the price of gold itself continue to rise, so it is not as if you are always going to be able to trade these stocks without making some sort of loss. There will always come a point when you may want to sell your shares, so when to buy mining stocks you need to determine when it is at the maximum.
The price of silver per ounce has been steadily increasing over the past decade or so, while the price of gold only increased slightly over the same period. If you are someone who is interested in physical metal investments, mining stocks may be a great option for you, because of their high price per share and their high profit potential. As a rule, physical metal miners enjoy a profit margin of around 30% of the overall gold price, which makes them attractive to investors who are looking for a safe place to put their money.
While there are many advantages to buying Zacks mining stocks, there are also some disadvantages. One of the most common criticisms of Zacks mining stocks is the low price per share. Because these stocks are purchased in large quantities, the per-share price is usually rather low. This can lead to disappointing results sometimes, but if you take the long view of the company’s performance, it can be an excellent choice. Many investors have found that buying Zacks mining stock when the price is at its lowest does provide them with a good return on their investment.