I have recently invested in Yamana Gold for several reasons. In the actual stock market Yamana has seen a gain every day since the new-year, with the exception of one day where it showed about a 2% drop. Even when the markets are down, Yamana seems to stay on top.
Initially I invested in Yamana because they had recently acquired Meridian gold(December 20, 2007). When looking through the recent activity of Yamana I also notice that in late August they had purchased another gold mining company. This to me says its time to buy Yamana. They have been on a buying spree for a great deal of time, and I don’t expect them to go away.
Furthermore, the price of gold has been on a steady increase since 2001, and the experts think that it is going to $1000.00 this year. If you look back in the 80’s Gold sat around $800.00 per ounce, and then fell in the 90’s taking a huge plunge in the late 90’s. If you figure in inflation from the $800 per ...
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