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  #81  
Old 22.09.2010, 14:37
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Re: Gold Buying

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Hi every body

Please can anybody explain to me how to buy gold onus? I do not know anything about this matter, I only have a small amount of money and to avoid spending it on shoes and bags, I am thinking about buying a gold onus. Where is the best place to buy it? Any advice is more than welcome !!!!
You can probably buy a 3 or 4 gram gold onus in a jewellery shop
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  #82  
Old 22.09.2010, 14:53
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Re: Gold Buying

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Isn't is so that ETFs must have same amount in phys. metal, and even be prepared to deliver in case someone wants it!?
Check for ex. ZKB metal site.
Maybe your statis. is interpreted differently, like amount of dealing of ETF is much more than buying phys. one.
In March this year the US Government Commodity Futures Trading Commission held hearings on the possible imposition of commodity futures and options trading limits in the precious metals markets.
One of the presentations claimed the amount of paper gold in circulation was then 100 times the amount of metal.
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  #83  
Old 22.09.2010, 14:54
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Re: Gold Buying

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You can probably buy a 3 or 4 gram gold onus in a jewellery shop
No I do not mean that!! really I lack experience in this matter!!
I mean swiss gold francs, like this
http://goldprice.org/swiss-gold-price.html
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  #84  
Old 22.09.2010, 15:05
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Re: Gold Buying

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No I do not mean that!! really I lack experience in this matter!!
I mean swiss gold francs, like this
http://goldprice.org/swiss-gold-price.html
Or maybe this
http://buying-gold.goldprice.org/200...gold-bars.html
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  #85  
Old 22.09.2010, 15:12
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Re: Gold Buying

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Hi every body

Please can anybody explain to me how to buy gold onus? I do not know anything about this matter, I only have a small amount of money and to avoid spending it on shoes and bags, I am thinking about buying a gold onus. Where is the best place to buy it? Any advice is more than welcome !!!!
Unfortunately you will lose quite some money doing it this way. The small gold coins and bars carry a hevty purchase premium on a per gram gold basis, partly because of small size and partly to cover the costs of manufacture.

When you come to sell, and unless gold doubles again in price, the price you will be offrered will be the bank purchase price for gold bars in large quantites as it is only really worth scrap value, the coins don't have an added value as such.

Buy some jewellery, you still lose money but at least you can wear it !
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  #86  
Old 22.09.2010, 15:53
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Re: Gold Buying

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Unfortunately you will lose quite some money doing it this way. The small gold coins and bars carry a hevty purchase premium on a per gram gold basis, partly because of small size and partly to cover the costs of manufacture.

When you come to sell, and unless gold doubles again in price, the price you will be offrered will be the bank purchase price for gold bars in large quantites as it is only really worth scrap value, the coins don't have an added value as such.

Buy some jewellery, you still lose money but at least you can wear it !
I do not understand. So why they say that if you buy gold bars you do not pay the costs of manufacture, and you can sell them without losing this cost??
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  #87  
Old 22.09.2010, 16:17
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Re: Gold Buying

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I do not understand. So why they say that if you buy gold bars you do not pay the costs of manufacture, and you can sell them without losing this cost??

You said you didn't have much money so i rightly or wrongly assumed you weren't planning on buying 1kg bars

Go to your bank and ask the cost of 1gram bar, 10 grams, 100grams and 1kg, both purchase and re-sale price, you'll soon see !
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  #88  
Old 23.09.2010, 11:44
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Re: Gold Buying

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Isn't is so that ETFs must have same amount in phys. metal, and even be prepared to deliver in case someone wants it!?
Check for ex. ZKB metal site.
Not necessarily.
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  #89  
Old 23.09.2010, 13:00
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Re: Gold Buying

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Isn't is so that ETFs must have same amount in phys. metal, and even be prepared to deliver in case someone wants it!?
Check for ex. ZKB metal site.
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Not necessarily.
About "Isn't it so that ETFs must have same amount in phys. metal" No, unless this is a specific condition of that ETF issuer - even then it is difficult for simple people like us to check!

About "even be prepared to deliver in case someone wants it!?
Check for ex. ZKB metal site"
But if, as claimed, there is 100 times more paper than metal & suppose more than 1% of the paper holders ask for their metal - then there will be a VW situation where the price of the actual metal skyrockets because there is not enough supply..
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  #90  
Old 25.09.2010, 23:57
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Re: Gold Buying

The price of Gold has nearly reached $1,300.

If you are thinking of buying those Gold ETFs (Exchange Traded Funds) I wouldn't touch them. I am reading in sveral places that this might well be the next financial instrument to fall over.
To me an ETF is like an IOU (I Owe You) note. You get a piece of paper saying you owe so many units of gold. What will happen when everyone wants their parts of gold back or cash equivalent?

They are actually predicting that Gold is still actually cheap in real terms against the S&P 500.
That Jim Cramer on CNBC is completely crazy but well worth listening to his reasonings........
http://www.cnbc.com/id/15840232?video=1597640244&play=1
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  #91  
Old 27.09.2010, 11:45
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Re: Gold Buying

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The price of Gold has nearly reached $1,300.

If you are thinking of buying those Gold ETFs (Exchange Traded Funds) I wouldn't touch them. I am reading in sveral places that this might well be the next financial instrument to fall over.
To me an ETF is like an IOU (I Owe You) note. You get a piece of paper saying you owe so many units of gold. What will happen when everyone wants their parts of gold back or cash equivalent?

They are actually predicting that Gold is still actually cheap in real terms against the S&P 500.
That Jim Cramer on CNBC is completely crazy but well worth listening to his reasonings........
http://www.cnbc.com/id/15840232?video=1597640244&play=1
There was an article in the FT yesterday about central banks almost ceasing to sell gold.
This has at least 2 effects
  1. Makes people wonder why the central banks are more interested in gold now
  2. reduces supply which should be good for price
Marton
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  #92  
Old 27.09.2010, 18:18
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Re: Gold Buying

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Isn't is so that ETFs must have same amount in phys. metal, and even be prepared to deliver in case someone wants it!?
Check for ex. ZKB metal site.
Maybe your statis. is interpreted differently, like amount of dealing of ETF is much more than buying phys. one.
Actually the restriction is (in many cases) that they will deliver.... in 400 oz bars or multiples ;-)
So there you go - your 30 ounce equivalent invested in the ETF all of a sudden can't be redeemd for physical.
And I agree with the fact that the action in the largest ETF (Streettracks gold, symbol GLD on NYSE) has become so frothy - with some hedge funds even playing futures positions against their ETF holdings - that some "accident" is bound to happen, sooner or later.

So with every gov't trying to competitively devalue their respective currency, bullion is indeed finding plenty of support.

But IMHO you may want to concentrate on reducing your foreign exchange exposures. That's where the volatility could really erupt, and damage your bottom line....

IMHO (and all caveats re. this post not being a solicitation to buy, sell or invest, and that you should always consult your account executive, wife, children and astrologist first. Past performances and market conditions will rarely apply in the future, as well...)

P.
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  #93  
Old 28.09.2010, 08:50
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Re: Gold Buying

With reference to my previous post, from the pages of the FT.com - "Mantega warns of 'currency war' ":
http://link.ft.com/r/3JFELL/D4UE8K/T...=2010&b=9&c=28

That is what is going to buoy gold IMHO, and that (currency wars) is what could really dent the savings of many people here. Been there, seen that.
Take the dollar-Sfr exchange rate. In december '08 it went from 1.2250 (dec 5th) to 1.0406 on dec. 18th... that's a 15% swing in less than 2 weeks. Sure hurt a lot of people (and companies) who were unduly exposed to the USD.

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  #94  
Old 28.09.2010, 10:12
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Re: Gold Buying

If you see gold price chart in CHF you will notice that price is almost the same as 6 months ago, so Suissi has been as good as goldie lately. Why bother all hassles of buying gold?!
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  #95  
Old 28.09.2010, 11:10
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Re: Gold Buying

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If you see gold price chart in CHF you will notice that price is almost the same as 6 months ago, so Suissi has been as good as goldie lately. Why bother all hassles of buying gold?!
There you go. Both "safe havens". IMHO currencies are easier to negotiate than physical gold bars (click n trade vs. having to go to the bank, etc).
HOWEVER
There has been a phase where gold was appreciating on its own... remember, it used to cost Sfr 20k / Kg...look where it is now (and consider the all time high being Sfr 46'300....).

Is that going to happen again? All bets are open at this point.

P.
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  #96  
Old 28.09.2010, 12:03
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Re: Gold Buying

I've come to the conclusion that the best thing to do is chart the gold spot price, or an ETF that closely follows the spot price.

For example, go to the SPDR Gold Trust (ETF)

http://www.google.com/finance?chdnp=...ntsp=0&fct=big

and click "technicals"
select "Simple Moving Average" from the drop down list.
Set the period to 150

click "technicals" again
select "Simple Moving Average" from the drop down list.
Set the period to 30

click technicals again

Now you should see the two moving averages of the close prices of GLD on top of the price chart.

If the "weekly" interval is chosen, then the 150 day moving average is the green SMA(30,1w). If you choose the "daily" interval, look at the SMA(150,d) curve. Because there are approximately 5 trading days per week, these are almost the same curve.

Anyway. Check "weekly" and widen the grey slider as much as you can. Look at the green SMA(30,w) curve. Notice how the price is always above, or just touching the green line. If you had bought in the week of Jan 23, 2009, you would have paid between $83 and $89. Yesterday's close was $126.72. If you had sold yesterday, you would have made around 45% profit over 20 months. That's 27% annualised. Compare it with the 2.0% you can get with PostFinance (before you are taxed on 35% of that). You might as well spend it.

So I am watching the GLD price. If it touches the 30 week moving average and bounces off again, and the MA is still sloping upward, I will buy either some ETF or some Krugerrands or both from one of those nice banks on Paradeplatz.
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  #97  
Old 28.09.2010, 13:03
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Re: Gold Buying

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I've come to the conclusion that the best thing to do is chart the gold spot price, or an ETF that closely follows the spot price.

For example, go to the SPDR Gold Trust (ETF)

http://www.google.com/finance?chdnp=...ntsp=0&fct=big

and click "technicals"
select "Simple Moving Average" from the drop down list.
Set the period to 150

click "technicals" again
select "Simple Moving Average" from the drop down list.
Set the period to 30

click technicals again

Now you should see the two moving averages of the close prices of GLD on top of the price chart.

If the "weekly" interval is chosen, then the 150 day moving average is the green SMA(30,1w). If you choose the "daily" interval, look at the SMA(150,d) curve. Because there are approximately 5 trading days per week, these are almost the same curve.

Anyway. Check "weekly" and widen the grey slider as much as you can. Look at the green SMA(30,w) curve. Notice how the price is always above, or just touching the green line. If you had bought in the week of Jan 23, 2009, you would have paid between $83 and $89. Yesterday's close was $126.72. If you had sold yesterday, you would have made around 45% profit over 20 months. That's 27% annualised. Compare it with the 2.0% you can get with PostFinance (before you are taxed on 35% of that). You might as well spend it.

So I am watching the GLD price. If it touches the 30 week moving average and bounces off again, and the MA is still sloping upward, I will buy either some ETF or some Krugerrands or both from one of those nice banks on Paradeplatz.
About "you would have made around 45% profit over 20 months" yes but in US$ - if you live here & your daily currency is CHF then you would still have made a good profit in CHF but maybe more like 25%.
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  #98  
Old 28.09.2010, 13:05
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Re: Gold Buying

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If you see gold price chart in CHF you will notice that price is almost the same as 6 months ago, so Suissi has been as good as goldie lately. Why bother all hassles of buying gold?!
Well you can keep it all in Swissie but then you are relying on most people continuing believing CHF will continue to be just as safe a haven as Gold.
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  #99  
Old 28.09.2010, 13:15
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Re: Gold Buying

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I've come to the conclusion that the best thing to do is chart the gold spot price, or an ETF that closely follows the spot price.

For example, go to the SPDR Gold Trust (ETF)

http://www.google.com/finance?chdnp=...ntsp=0&fct=big

and click "technicals"
select "Simple Moving Average" from the drop down list.
Set the period to 150

click "technicals" again
select "Simple Moving Average" from the drop down list.
Set the period to 30

click technicals again

Now you should see the two moving averages of the close prices of GLD on top of the price chart.

If the "weekly" interval is chosen, then the 150 day moving average is the green SMA(30,1w). If you choose the "daily" interval, look at the SMA(150,d) curve. Because there are approximately 5 trading days per week, these are almost the same curve.

Anyway. Check "weekly" and widen the grey slider as much as you can. Look at the green SMA(30,w) curve. Notice how the price is always above, or just touching the green line. If you had bought in the week of Jan 23, 2009, you would have paid between $83 and $89. Yesterday's close was $126.72. If you had sold yesterday, you would have made around 45% profit over 20 months. That's 27% annualised. Compare it with the 2.0% you can get with PostFinance (before you are taxed on 35% of that). You might as well spend it.

So I am watching the GLD price. If it touches the 30 week moving average and bounces off again, and the MA is still sloping upward, I will buy either some ETF or some Krugerrands or both from one of those nice banks on Paradeplatz.

Yes BUT:

currently we're @ $1'290, with 30 wk mavg being appx. $1'200.
The quality of the eventual move down to the 30 week average will in turn determine whether the dynamic support holds or not.
Said otherwise, the nature of the descent will be largely dependent on the catalyst of said move; the correction may turn to a much bigger fall.
The numbers alone, alas, never say much....

IMHO, caveats apply, etc...

P.
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  #100  
Old 28.09.2010, 15:30
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Re: Gold Buying

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About "you would have made around 45% profit over 20 months" yes but in US$ - if you live here & your daily currency is CHF then you would still have made a good profit in CHF but maybe more like 25%.
Good point. One of the reasons for the inflation in gold price is surely due to the weakening of the dollar. But 25% is not a bad return.
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