Should i buy stock in mining companys?

Question

Should i buy stock in mining companys?

Answer 1

Consider what foreign countries are buying. Iron and steel are always in high demand where countries fight to enter into the 21st century. The US is the OPEC of coal and all three are going to be in high demand in the long run. I firmly believe that alternative energy will be the boom market for the next 20 years.

Answer 2

Only if you can afford to lose the money.  That works for any stock investment, not just mining companies.  Only invest what you can afford to lose.  

  

  

Answer 3

No. This is historically the biggest boondagle for investors. Just think about it. If the mine was succesful they wouldn't need any investors. If it is truly a really good deal wouldn't they go to their freinds first?

Answer 4

As the American dollar continues to rise the commodities will continue to drop.

In the long run, mining stocks are legitimate investment.

But in the short term put your money somewhere else.