stock market basics for beginners | Best Gold Stocks list to buy in 2012

Best Gold Stocks list to buy in 2012

Gold is the safe bet that everyone is looking at in these times or turmoil and economic uncertainty. There ways in which you can invest in gold which can range from buying the physical gold in form of gold bars or gold coins or you can invest in something like gold stocks. You can even invest in gold ETF’s. Buying the stocks directly versus buying the gold ETF has its own pros and cons.

Gold ETF is good as you are buying at the underlying price of the physical gold. With gold stocks you can hit a bull run for sure based on which stock you pick. There are various stocks for gold and each of these are in various stages of gold mining and refining.

Gold refining stocks see an upside when the gold price is high as they have the input and refining costs as fixed. If the price of gold increases then the companies make more profit as they can sell the gold at a higher price.

There are other stocks which are primarily aimed at mining the gold. These companies hinge their fortune on finding the gold deposits and mining them. They are primarily engaged in exploration.

Here is my list of top gold stocks for 2012

Midway Gold Corp (MDW)

Barrick Gold Corporation (ABX)

Kinross Gold Corporation (KGC)

AuRico Gold (AUQ)

Here is the list of gold stocks in alphabetical order

ABX    Barrick Gold

AEM    Agnico-Eagle Mines Limited

AGT    Apollo Gold Corporation

AU       AngloGold Ashanti

AUY    Yamana Gold

BAA    Banro Corporation

BGO    Bema Gold

BMD   Birch Resources

BVN    Compañía de Minas Buenaventura S.A.A.

CAU    Canyon Resources Corporation

CBJ     Cambior

CCJ     Cameco

CDE    Coeur d’Alene Mines

CDY    Cardero Resource Corporation

CGR    Claude Resources Inc.

DEZ     Desert Sun Mining Corporation

DROOY          DRDGold

EGI      Birch Resources

EGO    Entree Gold

FCX    Freeport-McMoRan Copper & Gold Inc.

FNXMF.PK    FNX Mining Company Inc.

GBN    Great Basin Gold Ltd.

GFI      Gold Fields Limited

GG       Goldcorp Inc.

GLG    Glamis Gold Limited

GOLD Randgold Resources Limited

GRS     Gammon Lake Resources Inc

GRZ     Gold Reserve Inc.

GSS     Golden Star Resources Limited

HL       Hecla Mining Company

HMY   Harmony Gold Mining Company

IAG     IAMGOLD Corporation

IMR     IMA Exploration

IVN     Ivanhoe Mines

KGC    Kinross Gold Corporation

KRY    Crystallex International Corporation

LIHRY Lihir Gold Ltd.

MDG   Meridian Gold Inc.

MGN   Mines Management Inc.

MNG   Miramar Mining

NAK   Norther Dynasty Minerals Ltd.

NEM   Newmont Mining Corporation

NG      NovaGold Resources Inc.

NILSY Norilsk Nickel

NSU    Nevsun Resources

PAL     North American Palladium

NXG    Northgate Minerals Corporation

OMR   Odyssey Marine

OZN    Orezone Resources Inc.

PMU    Pacific Rim Mining Corp.

PAAS  Pan American Silver Corp.

PD       Phelps Dodge

PDG    Placer Dome

QEE     Queenstake Resources Ltd.

RBY    Rubicon Minerals Corporation

RIC      Richmont Mines

RTP     Rio Tinto Group

RGLD  Royal Gold

SA       Seabridge Gold

SIL      Apex Silver Mines Ltd.

SLW    Silver Wheaton Corp.

SSRI    Silver Standard Resources Ltd.

SWC   Stillwater Mining

TGB     Taseko Mines Ltd.

TRE     Tan Range Exploration

VGZ    Vista Gold Corp.

WTZ    Western Silver Corp.

Here is the list of gold mining stocks

Gold Fields Limited (GFI)

Newmont Mining Corporation (NEM)

Tanzanian Royalty Exploration Corporation (TRE)

Northgate Minerals Corporation (NXG)

Yamana Gold, Inc. (AUY)

Coeur d’Alene Mines Corporation (CDE)

Here is the list of gold ETF’s for 2012

GLD    streetTRACKS Gold Shares

IAU     iShares COMEX Gold Trust

SLV     iShares Silver ETF

Proshares Ultrashort Gold ( GLL)

Proshares Ultra Gold (UGL)

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