Discussion in 'Economy & Infrastructure' started by W.G.Ewald, Apr 15, 2013.
The Gold Bloodbath - Forbes
It is time you got something like this for yourself.
Video: BBC News - The man with the shirt made of gold
I'm not a rapper, and the color clashes with my eyes.
I wonder if Glenn Beck is pushing gold today...
Usually gold price tumbles when the economy strengthens then conversely.
Tremendous loss for me with my meager possession. I just bought my wife something after 8 years of marriage 10 days back.
Exactly. Glenn Beck preaches economic doom so he can get sponsorship of gold merchants.
Those who went short on gold earned profit of INR250,000 for every lot in two days!! And for every lot of silver INR175,000!
Or, put it this way, when people have more confidence in Fiat Money, its demand increases, causing Gold to look relatively cheaper than the Fiat Money.
Five Main Factors That Cause Gold's Value To Fluctuate
5 Main Factors That Cause Gold's Value To Fluctuate
A very good time for investors to enter commodities trading.
Prices of gold and rare metals will always raise and fall. You would have only managed to save a wee bit by buying something for your wife.
What you bought for your wife would remain with her for at least 30 years, you can guess what the value of gold will be than.
Alsso, the price of gold was nearly 3100 per gram in 2012, when compared to that I dont believe you would have lost much money.
@Yusuf you should probably read about cost averaging.
folks - it all depends on the time frame in which you entered the investment - take it from a person who has been studying the commodity markets since 1983 with actual investing experience since 1987 .....if you had bought gold even as recently as 2009 you would have bought an ounce at 900 usd - even with this recent downturn , you would still be sitting on a very lovely floating profit ( as i believe the price at this moment is around 1374 approx ) and would have had ample time to exit laughing all the way to the bank ! ....there is heavy support at 1,100 usd but of course before that there is weak support at 1200 usd ....for the next couple of years it is not gonna go below 900 usd on a weekly candlestick chart i.e wont stay there for more than a week ....and at that level 900 - 1000 i believe it will consolidate for a few years . (disclaimer :- all this is just a study and not trading advice )
as for cost-averaging - be ready to hold onto your seats and please never over-stretch your financial budget ....it can prove fatal
set aside a certain amount for trading ....... money that if lost, wont change your life-style in a major way and if you lose it , be humble enough to admit it and quit - this applies especially if trading on margin - gearing factors apply so very much more caution is necessary
I know mate hat in the long run it will average out unless off course gold goes back to the 10,000 level!!
I am just thinking of the present. If I knew good would fall like this, I would have saved a few thousand rupees.
It's all emotional. You are giving more importance to pieces of paper that are, in most part, backed by nothing, than gold? Look at it this way, the money you spent to buy that gold was valueless anyway. It is all debt, only fractionally backed (fractional reserve banking). You have invested in gold, you have done a good job. Do it again. It will be handy when hard times befall.
Yes mate all understood. But my investment cost would have been a little lesser. 20k ka difference in a matter if a week is pinching. On the other hand it it had shot up, I would have been laughing. I know its part of the game but as human beings, when we see loss, we crib
Yes it is human to crib when one is hit by a perceived loss. But its only perceived loss so long as you do not liquidate your asset or feel you may have to do that in near future without sufficient time for market to rebound.
But one good thing that one learns in market (which can be applied to the life too) is to never worry when there is a slump because tomorrow is always a different day. So cheer up!
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