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Beginner Trader
Investing in gold?
Hi! I was just wondering. Ive read in numerous articles how gold is the best investment in a time of financial crisis. I havent invested in it yet but Ive been contemplating the idea. Do you think now would be a good time to invest, or do you think that gold is hovering around its peak?
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In the spot market I would wait until gold clears US$1,000 on the weekly chart and tests this level successfuly. Or buy a 12 month call option now and sell it at 300% of purchase price
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In any time, there are traders investing gold. So, the most important thing is not because of the time you invest, but the way you do. Research the market and learn tips from experts. Success is when you dare to do and are clever in deciding.
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Trading Expert
Gold was little changed on Tuesday, taking a breather a day after paring a 3 percent gain made last week on a rebound in the dollar, while declines in global stock markets underpinned its allure as a safe-haven asset. If another sell-off hits U.S. stocks later in the day and boosts the dollar's appeal to investors, as it did on Monday, gold could test $900 because of its failure to rise decisively above $920 in the past weeks, analysts said. Gold is trading at $918 as of 9:30am, London time. Gold's Pool-Position is 08% Long, meaning that most traders are selling the precious metal.
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Trader

 Originally Posted by hersko915
Hi! I was just wondering. Ive read in numerous articles how gold is the best investment in a time of financial crisis. I havent invested in it yet but Ive been contemplating the idea. Do you think now would be a good time to invest, or do you think that gold is hovering around its peak?
in my opinion, this is not a good time for traders to invest in gold. the gold prices is too hot now. So, real estate can be a better choice.
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Beginner Trader
I'v read blog about this subject Gold buyer's notes
Last edited by mkForex; 05-23-2010 at 11:29 AM.
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Beginner Trader
I think that it would be very smart investing in gold(and other comodities in fact), if you invested some money a few months ago, when it was in its lowest price in a few years, you would have made a fortune. Im not really following closely this gold situation, but im sure it can be used in your advantage.
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Beginner Trader
 Originally Posted by Ufuk Jared
If you want to buy gold, which I think the trade is very crowded, I would look at the gold ETF (NYSE: "GLD"), or if you feel strongly about it buy from a commodities broker in your area and take delivery if you feel you need to hold the physical metal.
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What ETF is?
Last edited by mkForex; 05-23-2010 at 11:29 AM.
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 Originally Posted by forex_news
I think that it would be very smart investing in gold(and other comodities in fact), if you invested some money a few months ago, when it was in its lowest price in a few years, you would have made a fortune. Im not really following closely this gold situation, but im sure it can be used in your advantage.
I will buy gold in september or october.
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Beginner Trader
 Originally Posted by forex_news
I think that it would be very smart investing in gold(and other comodities in fact), if you invested some money a few months ago, when it was in its lowest price in a few years, you would have made a fortune. Im not really following closely this gold situation, but im sure it can be used in your advantage.
Do you consider, what there is a risk of falling of the price for gold?
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