Is it good to buy gold on margin?
Bobi G asked:
Hello,
I would like to buy gold using margin(2%)…and i wonder about your professional opinion :).Do you think silver and gold are good investments right now?
Thanks alot!
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Hello,
I would like to buy gold using margin(2%)…and i wonder about your professional opinion :).Do you think silver and gold are good investments right now?
Thanks alot!
March 3rd, 2009 at 7:16 am
Yes, if it goes up.
March 6th, 2009 at 9:55 am
Gold is very volatile: its price fluctuates a LOT. I would not buy gold on margin.
Silver is similar to gold.
March 7th, 2009 at 5:16 am
Better put your money on horses. They are more predictable and it will last longer.
March 8th, 2009 at 11:59 am
Never use margin. It’s too dangerous.
March 8th, 2009 at 10:50 pm
Only if your are speculating on the price fluctuations of gold and silver. If you are looking at them as long term investments, then no. If you’re doing it on margin, you need to be monitoring the markets constantly.
If you buy gold/silver futures, you’re buying on margin, but those type of investments the profit is based on the price fluctuations of the assets. I would not recommend futures unless you are very well versed in them and you have the risk tolerance levels and funds to back your trading.
I would recommend you just buy the physical metals or the ETF’s. Look for gold to break it’s all time nominal highs of $850/oz. soon and to break $1000/oz. Look for gold to top out around the $2500/oz. area.
March 10th, 2009 at 11:56 am
It depends where you live. In US you should worry about Uncle Sam not allowing there currency to degenerate with high gold price. High gold price means high inflation means lowering of purchasing power for Americans which is not what is expected by the high and mighty at the Capitol Hill. So be careful about gold investments. In the short run it might go high and you can try your hand at Gold Options probably at COMEX, CA.
August 11th, 2010 at 9:54 am
comex?
whatever you do stay away from them if you do not beleive me there is proof of the scammers they are, get the facts monex.to
September 5th, 2010 at 10:04 am
As we all know, due diligence is a must, especially today, as we are going through an Economic Crisis that boggles the mind as to money supply contraction, rolled over and expanded debt, serious unemployment, everyday consumer price inflation and asset value deflation.
We need to help each other to research, discover and share all the dealers out there that are manipulative deceivers.
As you know, there are two major assets to own and hold during such a Crisis. Real Estate and Gold Bullion.
I have been researching where to buy and hold Gold Bullion, free, clear and unencumbered with full and honest disclosure about all of the negative legal history, massaged financial history, false storage guarantees, poor and/or no audit history, unfair costs, large unearned commissions no disclosed from all of the websites of those who claim that they are solid Gold Bullion Providers.
Amongst most of those Market Makers, Gold Dealers, Bullion Banks I was shocked most by one website that I found that had such a large litigation history that I could not believe they still existed.
This entity never discloses this negative history. I assume that is why are still doing business in the Precious Metal’s Sector.
That Entity is Monex Gold Depository Company located in Newport Beach, CA.
I compared this to GoldMoney in London, Zurich and HongKong for direct purchases of Gold Bullion. GoldMoney buys directly from Gold Bullion Refiners….not from the major Gold Bullion Banks.
What a difference between MonexGold and GoldMoney.
As in any due diligence exploration to assure every best effort has been made so as to preserve our own purchasing power, as a hedge against printed “fiat” paper money, it seems highly probable that Real Estate and Gold are the only “real money” choices.
Good Due Diligence can dig up a lot of shocking discoveries. Please, invest the time to discover the downsides “out there” by visiting and comparing GoldMoney against MonexGold’s website in Newport Beach, CA.
What a massive difference in required disclosures and litigation history. Due diligence is a must in this economic environment.
In these times, stay well and prosper.
Jonathan