Gold trade

[blessed09]

Me too, trading Gold since Dec 2010 and not bad, doing quite well with the earnings…At least find it a good way to earn come coffee money rather than the money deposit in some bank account earning pathetic returns ; )

[UncleLim]

Hi everyone. Investing or "trading" in gold is like any other investment. Prices go up and prices go down. If you are in it for a small return, just above what the banks can give you, I guess it is ok. If you want to make a fortune, it is better to join investment forums whether the more professional trading instruments are discussed. Just remember that the greater returns require greater risks. Nobody wins all the time.

[UncleLim]

Harleston:

Thanks for your advice UncleLim as I want to invest in gold in small investments but I am afraid that the gold prices are more fluctuating and there is no reliable method to guess it right.

Alternatively just buy small amounts of http://www.google.com/finance?q=NYSE:GLD as and when you have spare cash.

I would not recommend active trading but regular accumulation. Trading is sexy and fun (sometimes). But if you want to beat inflation and then some, do it the old fashion way, accumulate.

[Alejandro]

Due to rising trend in gold prices, it is highly recommended precious metal make investment. The rising prices have maintained its trend for quite a few months now and I wonder that where the gold price will stop as I t has already become out of reach commodity as far as common public is concerned.

[MLJ]

UncleLim:

Hi everyone. Investing or \"trading\" in gold is like any other investment. Prices go up and prices go down. If you are in it for a small return, just above what the banks can give you, I guess it is ok. If you want to make a fortune, it is better to join investment forums whether the more professional trading instruments are discussed. Just remember that the greater returns require greater risks. Nobody wins all the time.

What are some of these investment forums that are good? I am interested to know more about gold. Heard from friends it is a good investment but still feel a little doubtful.

[UncleLim]

MLJ:

UncleLim:

Hi everyone. Investing or \"trading\" in gold is like any other investment. Prices go up and prices go down. If you are in it for a small return, just above what the banks can give you, I guess it is ok. If you want to make a fortune, it is better to join investment forums whether the more professional trading instruments are discussed. Just remember that the greater returns require greater risks. Nobody wins all the time.

What are some of these investment forums that are good? I am interested to know more about gold. Heard from friends it is a good investment but still feel a little doubtful.

try the Kitco gold forum.

https://www.kitcomm.com/index.php

[micollh]

my fren show me another case of gold trade cheating case… yest chiense newspaper… many aunties losses money… but the news did not specify the company name…

[MLJ]

Thanks UncleLim.

[pojo]

Does anyone know whether 7% GST is charged when you buy physical gold, say, from UOB? I believe so. Also similarly is 7% GST charged when you buy gold jewellery at a goldsmith. If so, then buying physical gold seems like a bad investment because of GST. Compared with the 1% or so brokerage fee for shares, the transaction cost for physical gold is 7%. Which means that the gold price must rise more than 7% before you breakeven. Please correct me if I am wrong.

[UncleLim]

pojo:

Does anyone know whether 7% GST is charged when you buy physical gold, say, from UOB? I believe so. Also similarly is 7% GST charged when you buy gold jewellery at a goldsmith. If so, then buying physical gold seems like a bad investment because of GST. Compared with the 1% or so brokerage fee for shares, the transaction cost for physical gold is 7%. Which means that the gold price must rise more than 7% before you breakeven. Please correct me if I am wrong.

You are correct about the 7% GST. That is if you take delivery of the physical gold bars and bring it home. If you buy and leave it with UOB, you will collect your Gold Certificate of ownership, in which case GST does not apply.