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 AroundtheSon
Mr. President
 
Registered: 01/11/07
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Loc: Midwest.
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 Gold? 
#8672357 - 07/23/08 05:25 PM (4 years, 9 months ago) |
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WTF?
on CNBC this lady just said, wait until Gold reaches 945 to get in, because that is its level of resistance. She stated this in regard to getting into the gold market.
If this were the case, wouldn't you want to get in under 945 to profit at the resistance. What would be the point of doing what she said? Is there fear investing in gold?
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 geokills
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Registered: 05/08/01
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The idea is to get in right as the value is breaking through resistance. Resistance is a level at which the increasing value of an investment has failed and fallen in the past. If a stock fails to break resistance, it can trade sideways or down for quite a while. In other words, why put your money in an investment that isn't doing anything, when you could reallocate that capital into other investments that are working now, and then revisit gold if it is able to break through that resistance level?
That's the theory anyway. Depending on your time horizon (ie. if it is for the long haul) and how actively you invest (ie. not much), it may be easier for you to buy now and not worry about the potential for near-term sideways or downward action. If you're investing in gold as a hedge against inflation, well then the resistance level shouldn't matter so much. But if you are lookin' for short term gains, keeping a close eye on moving averages, support and resistance levels, dividend dates, etc, can be important.
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SheerTerror
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now would be the best time to invest because its down to $785/oz from ($986/oz) and silver is down to $12.70/oz from ($18.50/oz)
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geokills
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I don't know about it being the "best" time to invest in gold, but it sure is lookin' sweeter by the day. Of course, one has to consider that the dollar has been seeing considerable strength and may have broken its long-term downtrend. It is up 8.5% versus the Euro and 5% versus the yen since July 15th. Goldman Sachs reversed their 10-year bearish view on the dollar, and slowing world economies may help contribute to a continued uptrend in the dollar. If this is true, gold may have a cap on it for now, as it is priced in dollars. Then again, it's never a bad idea to own some gold in your portfolio... just make sure you are diversified and don't own all gold or you could get crushed!
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Lubossa
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Registered: 03/04/08
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then where would be the best place to start investing? just buy some bars wait till it sky rockets and cash in or actually putting your hands in the market with stock?? which would be the best way.
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Shins
Fun guy
Registered: 09/15/04
Posts: 11,295
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now is a pretty good time to buy. I prefer physical gold/silver because buying gold/silver paper or electronic certificates pretty much defeats the purpose of buying something to protect you from paper/electronic money certificates.
i believe that electronic and non-physical gold/silver trading is part of why the market can be so volatile, and it artifically inflates and deflates the price, just like other fiat money. I find that people who own physical bullion are more likely to be buying it "long" for fundamental reasons and are more stable, while paper/electronic fund people are more likely to be swayed or scared or be trying to make a quick buck etc.
maybe maybe not, it depends i guess. it's pretty wild how people can manipulate the market.
bottom line i think PMs will steadly rise over all unless demand were to really slow, which i don't believe will happen unless for example, there were massive food shortages or something and buying food was more important for basic survival etc. but even so, what do you trade for food?
silver dollars!
big bars are most most cost effective, Coins or smaller bars are good for selling smaller increments and sometimes have collector value.
buy physical!
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Shins
Fun guy
Registered: 09/15/04
Posts: 11,295
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Re: Gold? [Re: Shins]
#8788787 - 08/18/08 12:34 AM (4 years, 8 months ago) |
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Always remember, buy low, sell high. look at some charts and set yourself buy/sell prices based on past trends.
Edited by Shins (08/18/08 12:37 AM)
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Lubossa
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Re: Gold? [Re: Shins]
#8790233 - 08/18/08 12:20 PM (4 years, 8 months ago) |
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very good info shins thanx
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Lubossa
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Re: Gold? [Re: Lubossa]
#8791796 - 08/18/08 06:32 PM (4 years, 8 months ago) |
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okay i PM'd Wiccanseeker doubt ill get a reply busy guy.. so I'm hoping to catch his eye on here.. wheres the best place to start purchasing gold? and if i understand this right i buy bars at low price and when the market shoots sky high then cash in???? simple as that correct?? if that's true whats the best gold to get i noticed several different styles of bullion and bars. i have read the redburn reports very good information..
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makaveli8x8
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Re: Gold? [Re: Lubossa]
#8792327 - 08/18/08 08:58 PM (4 years, 8 months ago) |
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a bar of gold is like $8k, i believe you should be looking for coins like maple leafs n such
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Lubossa
Old Face NewName
Registered: 03/04/08
Posts: 90
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i can afford a couple ounces of gold a month.. i just would like come guidance on it.. you cant really loose with gold its mother to the all mighty dollar
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ZippoZ
Knomadic
Registered: 06/17/03
Posts: 12,629
Loc: Pongyang, North Korea
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Re: Gold? [Re: Lubossa]
#8793666 - 08/19/08 01:59 AM (4 years, 8 months ago) |
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gold and silver are both available in ounce bars, as well as other sizes......
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SheerTerror
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Re: Gold? [Re: Lubossa]
#8796288 - 08/19/08 04:09 PM (4 years, 8 months ago) |
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yea u can get bars anywhere from 1gm-1kilo. the best site to buy off is http://apmex.com/
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