Rather than basing a purchasing decision on the share price you need to look at value and risk, among other things.
There are 168 "gold" stocks listed on the ASX. Most of them are junk.
Questions to ask yourself:
1. Do I want to throw my money away? If the answer is yes, save time and give it to the salvos and take the tax deduction.
2. Do you want to buy a stock that is producing and selling gold or one only exploring?
3. Do you what a company that is making a profit?
4. Do you want a good dividend? If so buy a bank.
5. Etc, Etc.
The references below may get you started.
I used to use the company search on commsec but they through that away making
my own stock searches much more difficult.
I hesitate to give a specific recommendation but would avoid companies with sovereign risk and
directors who are proven idiots. I have been burnt. I would stay with the top ten market caps.
