$600 Gold?
Wednesday, March 12, 2014
, Posted by Ryanita at 10:57 AM
Benjamin F
My much gold can I buy for $600? How much would gold need to be for me to make $100 - double in profit??? Serious replies only and thanks in advance for all who answer. Remember best answer is 10 points.
Please include details and exact figures.
Answer
It depends how much you want to risk.
If you want to go for 1/50 or 1/100 or 1/200.
In that case you need to see the gold in the price of 1002.
But first you have to study FOREX. There is a big risk out there.
Subscribe to my source and then check the scenario to calculate the profits in accordance with the gold price (XAU-USD).
It depends how much you want to risk.
If you want to go for 1/50 or 1/100 or 1/200.
In that case you need to see the gold in the price of 1002.
But first you have to study FOREX. There is a big risk out there.
Subscribe to my source and then check the scenario to calculate the profits in accordance with the gold price (XAU-USD).
How to invest in Gold ?
Auzbee
I am planning to invest some percentage of my savings into Gold.
1. How do I learn more about investing in Gold? What are the sites and procedures to make Gold investments?
2. Should I buy Gold (bars/coins etc) or invest in Gold funds?
3. Typically what percentage of your portfolio would you invest in Gold if you were to?
4. Are there any tax liabilities/exemptions from investing in Gold?
Answer
1.As someone who follows commodities along with all other markets, I have learned a lot from the commodities section of bloomberg.com. Remember, while gold has unique properties among commodities, all else equal, commodities tend to outperform during periods of high inflation, i.e. demand for goods that outpaces supply of identical or substitute goods-more currency chasing fewer and fewer goods. If you are interested in trading the commodity, then lind-waldock is one common commodities broker that many people use, but if you are simply interested in synthetically trading gold as you would a stock then you could do that as an ETF, IAU or GLD, with any discount or full service brokerage house. Personally I trade gold on a forex account under the name XAU/USD (NOT to be confused with the XAU-Philadelphia gold/silver index).
2. If you foresaw a major economic crises in which brokers/banks were to fail, then you might consider the hard asset-but then you must take into account the risks and costs of storage. Coins, as with any retail instrument, tend to go at a premium, but the IRS also allows you to purchase US Treasury coins in an Individual Retirement Account, if that is a concern (qualified IRA investments tend to be restricted as you may know). Gold funds can define a wide variety of things-and the ETF's I mentioned offer a great way to synthetically buy/sell the asset. Many mutual funds that may be known as precious metal or gold funds simply invest in a portfolio of gold/precious metal companies-which will not always track the asset to the tee-in finacial terms, your benchmark error is going to be higher than it would be with an index or ETF.
3. In order to answer this, one would have to know much more. A blogger above answered that commodities are extremely volatile, which is true. If you are simply planning to passively invest in this because you feel that the global economy is still expanding and will be expanding for a long period of time with inflation then enjoy, but make sure you have a valid reason for your views. Maybe you agree if you think that the government of the US will not do anything to support the dollar? Or that China will continue to grow inencumbered even after the Olympics? Remember, markets tend to be efficient over a longer time frame and for every buyer there is a seller who feels opposite of what you do. If you are interested in capital preservation then keep your allocation small-if you are interested in risk or have a trader-like mentality, i.e. not an investor, then you may want to risk more. Be careful.
4.Gold, as with almost any other asset, is taxed as a capital gain/loss on a Schedule D when the asset is sold, so naturally holding for a year or less would subject you to a higher tax rate-short-term, than if you held it for longer than a year-long term.
All of the above topics could have much longer explanations, so if you would like me to clarify anything don't hesitate to ask. Happy investing.
1.As someone who follows commodities along with all other markets, I have learned a lot from the commodities section of bloomberg.com. Remember, while gold has unique properties among commodities, all else equal, commodities tend to outperform during periods of high inflation, i.e. demand for goods that outpaces supply of identical or substitute goods-more currency chasing fewer and fewer goods. If you are interested in trading the commodity, then lind-waldock is one common commodities broker that many people use, but if you are simply interested in synthetically trading gold as you would a stock then you could do that as an ETF, IAU or GLD, with any discount or full service brokerage house. Personally I trade gold on a forex account under the name XAU/USD (NOT to be confused with the XAU-Philadelphia gold/silver index).
2. If you foresaw a major economic crises in which brokers/banks were to fail, then you might consider the hard asset-but then you must take into account the risks and costs of storage. Coins, as with any retail instrument, tend to go at a premium, but the IRS also allows you to purchase US Treasury coins in an Individual Retirement Account, if that is a concern (qualified IRA investments tend to be restricted as you may know). Gold funds can define a wide variety of things-and the ETF's I mentioned offer a great way to synthetically buy/sell the asset. Many mutual funds that may be known as precious metal or gold funds simply invest in a portfolio of gold/precious metal companies-which will not always track the asset to the tee-in finacial terms, your benchmark error is going to be higher than it would be with an index or ETF.
3. In order to answer this, one would have to know much more. A blogger above answered that commodities are extremely volatile, which is true. If you are simply planning to passively invest in this because you feel that the global economy is still expanding and will be expanding for a long period of time with inflation then enjoy, but make sure you have a valid reason for your views. Maybe you agree if you think that the government of the US will not do anything to support the dollar? Or that China will continue to grow inencumbered even after the Olympics? Remember, markets tend to be efficient over a longer time frame and for every buyer there is a seller who feels opposite of what you do. If you are interested in capital preservation then keep your allocation small-if you are interested in risk or have a trader-like mentality, i.e. not an investor, then you may want to risk more. Be careful.
4.Gold, as with almost any other asset, is taxed as a capital gain/loss on a Schedule D when the asset is sold, so naturally holding for a year or less would subject you to a higher tax rate-short-term, than if you held it for longer than a year-long term.
All of the above topics could have much longer explanations, so if you would like me to clarify anything don't hesitate to ask. Happy investing.
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