Gold/Silver Buyers Only Please.
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Let's take a look at the one year chart for gold:
So right at the start of October it reached its high of the year but is now retreating. $1790 is a HUGE resistance level for gold which is why in just 1 year it has tripled topped off that level. Best bet is to get in when its at $1650. Keep in mind that if gold ends up breaking $1790 then it will sky rocket the fuck up.
So right at the start of October it reached its high of the year but is now retreating. $1790 is a HUGE resistance level for gold which is why in just 1 year it has tripled topped off that level. Best bet is to get in when its at $1650. Keep in mind that if gold ends up breaking $1790 then it will sky rocket the fuck up.
I'm suspicious whether ETFs like GLD actually have all the gold they claim to have. I'd rather have gold I can rub between my fingers. But I guess they're ok for daytrading as long as you don't get Corzined.
Some Observations On Bob Pisani's Visit To GLD's Vault | ZeroHedge
Some Observations On Bob Pisani's Visit To GLD's Vault | ZeroHedge
Are you wanting to invest longterm or simply flip quick at a profit? If the latter, stay away.
If investing:
Rand Refinery (krugerrands)
PAMP
Bare in mind that gold 'brands' are nothing more than the equal of clothing 'brands'. Some people prefer Nike, others Adidas. But in the end, it is still a fabric.
The more respectable the refiner/assayer, the better the 'longterm value' of such product and the easier to offload it (pamp, rand, argor are some of the best).
But in the end, gold is gold.
Coins do hold better value in longterm due to the usability and collectability it has. Check out the Krugerrands.
Its tough to trade physical gold for quick profits and frankly it is not worth the time. But investing/diversifying is better, since as inflation rises your assets increase in value. And if the apocalypse doesnt occur, well, if you hold gold coins you can offload them easier than dealing with bullion and "usually" at equal if not better prices of purchase.
that's some really great information .
I'm actually taking Charles advice and sticking to the 1OZ game. I definitely see where that makes way more sense. Also going to stick with coins. Trusting his seniority in the gold game.
That EFT tip is pretty interesting too. What i'd like to know, why will it rocket upwards because it breaks the $1790? What is the percentage/chance it's likely to skyrocket as you say?
*update* thanks Scalped. Def re-confirming what I decided to go with. Hate to be one of those people who don't listen after asking all the questions to get help. Going to go with coins.
I'm actually taking Charles advice and sticking to the 1OZ game. I definitely see where that makes way more sense. Also going to stick with coins. Trusting his seniority in the gold game.
That EFT tip is pretty interesting too. What i'd like to know, why will it rocket upwards because it breaks the $1790? What is the percentage/chance it's likely to skyrocket as you say?
*update* thanks Scalped. Def re-confirming what I decided to go with. Hate to be one of those people who don't listen after asking all the questions to get help. Going to go with coins.