How do i invest surrounded by Gold(commodity) ?
how do i invest in gold issit only like the stock market where on earth i need a broker or remiser?
which website should i go? im contained by malaysia?
whats the minimum to buy?
Answers: It's interesting that people will say not to buy gold ingots because it's trading near it's all time high, yet it's these same people that be clueless when stocks were trading beyond their historical highs, making unsullied highs, and their mantra was/is "Buy, buy, buy". Yet it's these same people that look at 1 aspect (price) and carry hinged on it and will make a recommendation solely on that item (in this crust price).
Is gold trading above it's highs made surrounded by 1980? Sure, but you can not judge an investment on price alone. I hear people wise saying that gold (and physical commodities) are in a bubble. It amazes me how associates have all of a sudden become experts contained by spotting bubbles, yet these are the same folks that totally missed the stock bubble of the late 90's and the recent housing bubble. Not to toot my own horn, but I saw the stock bubble and housing bubble and when I spoke about it, those called me a fool and "burned me at the stake as a heretic". But I do not feel that gold ingots is in a bubble - YET.
Here's why. Adjusting for inflation, gold should be trading somewhere north of $2200 per oz. It's recent adjectives time high of $1033/oz. is less than 50% of the inflation in the swing of things price. Also, let's take a look at a few other things. The last stock bubble be centered around the internet and tech stocks. The NASDAQ went from low of 327 in Oct. 1990 to 5,048 surrounded by March 2000, a 1,443% gain in 10 years. Gold was fixed at $35/oz. and when Nixon closed the gold ingots window and gold be allowed to float, it went from $35 to $850 in 9 years, a return of 2,329%. Now, let's look at this. The greatest slice of the 1,443% gain of the NASDAQ occurred from the Sept. 1998 low of 1,556 and reached it apex at 5,048 by March 2000, just 18 months. It took 8 years to go from 327 to 1556 (a gain of 1,229 points), all the same only 1.5 years to go from 1,556 to 5,048 (a gain of 3,492 points). It took smaller quantity than 1/4 the time to go more than 2.8 times the distance. In 1971, gold be fixed at $35/oz. After the Bretton Woods agreement came to an end, gold ingots rose. By Nov. 1978, gold was at $192/oz. It took 7 years to gain $157/oz. Yet, 2 years subsequently, gold topped at $850 an oz, a gain of $658 in a short time ago 2 years. It took gold a little more than 1/4 the time to turn almost 3.5 times the distance.
Yet, look at gold now. Gold bottomed after a 22 year secular carry market in 2001 at $250/oz. It is very soon 7 years into a bull market and even if you take the adjectives time high of $1,033/oz., that's only a return of 313.2%. Yet, the NASDAQ saw a bottom to top gain of 1,443% and gold ingots a gain of 2,329%. So, based on these figures, how can gold ingots be at a "top"? Even if you took a total gain equivalent to the NASDAQ of 1,443%, that means gold would want to reach $3,857.50 per ounce to hit it's final bubble price. If you took that gold gain contained by it's last bubble of 2,329%, you're talking roughly a bubble peak price of $6,072.50/oz.
Based on these numbers alone, gold have quite a way to run beforehand hitting it's final peak. Even if you look at the inflation adjusted priced of $2200/oz. you're still conversation about a 151.8% increase in price from current level, or $1,326 additional per ounce from current levels.
In assimilation, one gentlemen (who's name slips my memory now) pointed out a very salient point. One of the push button components of a bubble is an increase in supply of the asset in the bubble that does not comport next to true demand. In the tech bubble of the 90's, companies were going IPO and lighting stride, companies were cranking out new issues and when the emergency dried up, there was a huge overhang of supply. In the housing bubble, population growth be about 1.15 million per year, yet builders be building at a rate of 2 million units per year. When demand dried up, again a huge overhang.
But, what the poster above have failed to do is take into consideration the fundamentals underlying the rise surrounded by gold. First, where is in attendance a huge overhang in gold supply? For over a decade in a minute, gold demand have been outpacing supply by something like 2,500 metric tons per year. In PS, gold reacts to inflationary pressures. The U.S. within it's attempt to stave off recession, is pumping the money supply which is inflationary. The major world's intermediate banks are doing the same. That's why we've see the price of virtually everything go up - food, crude oil, gold ingots, etc. What fundamentally has changed recently on the subject of the mess the U.S. is in and the world in broad?
You have posters saying that presently is the time to get into stock. Based on what? On nominal terms, the Dow is lone 10.53% from it's all time high, but surrounded by real terms, the Dow is trading above it's inflation adjust price, so as a consequence, the Dow is actually OVERVALUED. Yet, gold contained by nominal terms is trading above it's 1980 highs and below it's current adjectives time highs, but is still 60% BELOW it's real high, thus gold is very UNDERVALUED right immediately. Yet, you have the above poster saying very soon is the time to get into stocks. Okay, the Dow is 10.53% below it's all time high-ranking and he's advocating stocks, yet gold ingots is currently 18.23% below it's all time high and he's dictum to avoid it. Huh? His argument is so biased that his own analysis condemns him. Based on those figures alone, he should be shunning stocks as well as gold ingots.
And again, what has fundamentally changed with the U.S. discount? This was all started by the slump of the housing market, yet if you look at the ARMS resets, we are 1/3 through the reset cycle. The bulk of ARMs resets will complete by 2012 - another 4 years down the road. So, if the stock bazaar has reacted close to in has and gold ingots has reacted close to it has relative to the housing market and the housing open market is barely 1/3 through it's reset cycle, what makes anyone assume that "it's over" and gold is finished and jump fund into stocks?
The people and posters that are ONLY looking at price are making a serious error in ruling. Does that mean that gold will verbs to go up? No, not necessarily. BUT, one must look at the underlying fundamentals driving prices. All physical commodities (grains, meats, softs, metals, etc.) are react to the inflationary policies of the world's central banks, that's why prices of everything own been going up and why there are food riots around the world - for example, a pound of rice contained by Haiti was a few weeks ago at $43.
So, to answer you question, no you do not requirement a broker. The first poster recommended GLD which is the gold ETF and you'd need a broker for that. But, to buy physical gold ingots, you just have to find a refiner or hawker of bullion. I recommend Kitco at www.kitco.com. Since you're in Malaysia, contact them and see if they'll ship worldwide. If they don't, they can probably recommend someone that will ship to Malaysia.
EDIT:
Aaron, you seem to forget that surrounded by 1929, the market lost 89% of it's value earlier it bottomed. The NASDAQ Composite lost 78% of it's value from 2000 to 2002. The NASDAQ 100 lost 83% of it's value during that same time frame. So, where on earth am I a complete moron when history and undisputed facts shows that it has happened - as just this minute as a few years ago.
You say you're not biased, yet you put in the picture the asker "why would you buy gold when when it's near it's adjectives time high". Yet, you fail to answer the question contained by my post above. The Dow is currently 10% below it's all time high and gold ingots is 18% below it's all time high. According to your own statement, why would you by hard by it's all time high. Yet the Dow is closer to it's adjectives time high then gold ingots is and you say "buy stocks", "Don't buy gold". Your statement is hypocritical. If you were truly dispassionate and based on the statement you made in your answer, you'd communicate the asker to not buy either as both of them are near their adjectives time highs - and like I said, the Dow is closer to it's adjectives time high then gold ingots. And you fail to take into consideration that gold ingots is only 7 years into a new bull cycle. Yet, stocks enjoy been more or less within an uptrend for the last 26 years (except for the 2 years from 2000 - 2002), yet you believe that stocks enjoy not run their course, yet gold have.
If you read my post carefully, you'd see that the major blow rotten stages of bubbles have a very nippy growth rate in the final stages. Compared to the bubbles in the NASDAQ and gold ingots in the 1970's, gold have not yet entered it's final blow-off stage. The NASDAQ saw a fast growth in it's final 2 years, when it had already see a 376% increase in value from 1990 to 1998. Gold saw a fast growth in it's final 2 years when it had already see a 449% increase in it's value from 1971 to 1978. Based on that historical perspective of bubbles, gold ingots is right on schedule to move into a the final blow-off stages that will probably last for give or take a few 2 years and could push gold prices to $3,300/oz. based on historical notes. But, the US is currently pumping the money supply at unprecedented rates and if the dollar moves into a full blown currency crisis, then $3,300 would be cheap. Don't believe me? When Germany pumped their money supply to unprecedented rates after WW 1, the price of gold go from 170 Reichmarks per oz. to 87 TRILLION Reichmarks per oz., that's how badly the German currency was devalued. Why do you judge the price of oil, gold, wheat, corn and unsophisticatedly every other commodity has gone up in price? Demand is bit of it, but the major factor is the world central bank pumping their money supplies and driving inflation.
But hey Aaron, I'll go even one step further. Not only will I state that we will eventually see the Dow trading surrounded by the 1000 to 2000 point range, but I w
Why would you want to invest when it's at all time high? Remember the addage - buy low sell high. It's adjectives speculation driving the price higher now - start moving towards equities.
The guy below is a total tool. Telling me MY argument is biased base upon the 30 words above I wrote. Take a look at some of the garbage this person have written to others on Answers. He predicts that the Dow will fall to 1000-2000, which is about an 80% drop surrounded by the entire stock market.
You should go to a ridge about it. They will have brokers that can buy it for you. Most of the time in that is a small fee for their time. Some things have minimums but I don't mull over gold would. Just keep the broker allowance in mind and buy enough to trade name it worth the time. scottrade.com will charge 7.00/trade...GLD is the symbol for gold minimum to buy is 100.00 right now
Which asian stock is fitting to sort big investment ? presently for 3-months?
How can i produce in the order of 200$ contained by something like 4 months?
Interested contained by purchasing stock?
How can we use(manipulate) credit cards to return with money for investment?
Oil Futures?
Whats a right online brokerage firm to trade small amounts of stock beside?
Would you recomend no nouns funds?
Shares which is the safest bet.?
which website should i go? im contained by malaysia?
whats the minimum to buy?
Answers: It's interesting that people will say not to buy gold ingots because it's trading near it's all time high, yet it's these same people that be clueless when stocks were trading beyond their historical highs, making unsullied highs, and their mantra was/is "Buy, buy, buy". Yet it's these same people that look at 1 aspect (price) and carry hinged on it and will make a recommendation solely on that item (in this crust price).
Is gold trading above it's highs made surrounded by 1980? Sure, but you can not judge an investment on price alone. I hear people wise saying that gold (and physical commodities) are in a bubble. It amazes me how associates have all of a sudden become experts contained by spotting bubbles, yet these are the same folks that totally missed the stock bubble of the late 90's and the recent housing bubble. Not to toot my own horn, but I saw the stock bubble and housing bubble and when I spoke about it, those called me a fool and "burned me at the stake as a heretic". But I do not feel that gold ingots is in a bubble - YET.
Here's why. Adjusting for inflation, gold should be trading somewhere north of $2200 per oz. It's recent adjectives time high of $1033/oz. is less than 50% of the inflation in the swing of things price. Also, let's take a look at a few other things. The last stock bubble be centered around the internet and tech stocks. The NASDAQ went from low of 327 in Oct. 1990 to 5,048 surrounded by March 2000, a 1,443% gain in 10 years. Gold was fixed at $35/oz. and when Nixon closed the gold ingots window and gold be allowed to float, it went from $35 to $850 in 9 years, a return of 2,329%. Now, let's look at this. The greatest slice of the 1,443% gain of the NASDAQ occurred from the Sept. 1998 low of 1,556 and reached it apex at 5,048 by March 2000, just 18 months. It took 8 years to go from 327 to 1556 (a gain of 1,229 points), all the same only 1.5 years to go from 1,556 to 5,048 (a gain of 3,492 points). It took smaller quantity than 1/4 the time to go more than 2.8 times the distance. In 1971, gold be fixed at $35/oz. After the Bretton Woods agreement came to an end, gold ingots rose. By Nov. 1978, gold was at $192/oz. It took 7 years to gain $157/oz. Yet, 2 years subsequently, gold topped at $850 an oz, a gain of $658 in a short time ago 2 years. It took gold a little more than 1/4 the time to turn almost 3.5 times the distance.
Yet, look at gold now. Gold bottomed after a 22 year secular carry market in 2001 at $250/oz. It is very soon 7 years into a bull market and even if you take the adjectives time high of $1,033/oz., that's only a return of 313.2%. Yet, the NASDAQ saw a bottom to top gain of 1,443% and gold ingots a gain of 2,329%. So, based on these figures, how can gold ingots be at a "top"? Even if you took a total gain equivalent to the NASDAQ of 1,443%, that means gold would want to reach $3,857.50 per ounce to hit it's final bubble price. If you took that gold gain contained by it's last bubble of 2,329%, you're talking roughly a bubble peak price of $6,072.50/oz.
Based on these numbers alone, gold have quite a way to run beforehand hitting it's final peak. Even if you look at the inflation adjusted priced of $2200/oz. you're still conversation about a 151.8% increase in price from current level, or $1,326 additional per ounce from current levels.
In assimilation, one gentlemen (who's name slips my memory now) pointed out a very salient point. One of the push button components of a bubble is an increase in supply of the asset in the bubble that does not comport next to true demand. In the tech bubble of the 90's, companies were going IPO and lighting stride, companies were cranking out new issues and when the emergency dried up, there was a huge overhang of supply. In the housing bubble, population growth be about 1.15 million per year, yet builders be building at a rate of 2 million units per year. When demand dried up, again a huge overhang.
But, what the poster above have failed to do is take into consideration the fundamentals underlying the rise surrounded by gold. First, where is in attendance a huge overhang in gold supply? For over a decade in a minute, gold demand have been outpacing supply by something like 2,500 metric tons per year. In PS, gold reacts to inflationary pressures. The U.S. within it's attempt to stave off recession, is pumping the money supply which is inflationary. The major world's intermediate banks are doing the same. That's why we've see the price of virtually everything go up - food, crude oil, gold ingots, etc. What fundamentally has changed recently on the subject of the mess the U.S. is in and the world in broad?
You have posters saying that presently is the time to get into stock. Based on what? On nominal terms, the Dow is lone 10.53% from it's all time high, but surrounded by real terms, the Dow is trading above it's inflation adjust price, so as a consequence, the Dow is actually OVERVALUED. Yet, gold contained by nominal terms is trading above it's 1980 highs and below it's current adjectives time highs, but is still 60% BELOW it's real high, thus gold is very UNDERVALUED right immediately. Yet, you have the above poster saying very soon is the time to get into stocks. Okay, the Dow is 10.53% below it's all time high-ranking and he's advocating stocks, yet gold ingots is currently 18.23% below it's all time high and he's dictum to avoid it. Huh? His argument is so biased that his own analysis condemns him. Based on those figures alone, he should be shunning stocks as well as gold ingots.
And again, what has fundamentally changed with the U.S. discount? This was all started by the slump of the housing market, yet if you look at the ARMS resets, we are 1/3 through the reset cycle. The bulk of ARMs resets will complete by 2012 - another 4 years down the road. So, if the stock bazaar has reacted close to in has and gold ingots has reacted close to it has relative to the housing market and the housing open market is barely 1/3 through it's reset cycle, what makes anyone assume that "it's over" and gold is finished and jump fund into stocks?
The people and posters that are ONLY looking at price are making a serious error in ruling. Does that mean that gold will verbs to go up? No, not necessarily. BUT, one must look at the underlying fundamentals driving prices. All physical commodities (grains, meats, softs, metals, etc.) are react to the inflationary policies of the world's central banks, that's why prices of everything own been going up and why there are food riots around the world - for example, a pound of rice contained by Haiti was a few weeks ago at $43.
So, to answer you question, no you do not requirement a broker. The first poster recommended GLD which is the gold ETF and you'd need a broker for that. But, to buy physical gold ingots, you just have to find a refiner or hawker of bullion. I recommend Kitco at www.kitco.com. Since you're in Malaysia, contact them and see if they'll ship worldwide. If they don't, they can probably recommend someone that will ship to Malaysia.
EDIT:
Aaron, you seem to forget that surrounded by 1929, the market lost 89% of it's value earlier it bottomed. The NASDAQ Composite lost 78% of it's value from 2000 to 2002. The NASDAQ 100 lost 83% of it's value during that same time frame. So, where on earth am I a complete moron when history and undisputed facts shows that it has happened - as just this minute as a few years ago.
You say you're not biased, yet you put in the picture the asker "why would you buy gold when when it's near it's adjectives time high". Yet, you fail to answer the question contained by my post above. The Dow is currently 10% below it's all time high and gold ingots is 18% below it's all time high. According to your own statement, why would you by hard by it's all time high. Yet the Dow is closer to it's adjectives time high then gold ingots is and you say "buy stocks", "Don't buy gold". Your statement is hypocritical. If you were truly dispassionate and based on the statement you made in your answer, you'd communicate the asker to not buy either as both of them are near their adjectives time highs - and like I said, the Dow is closer to it's adjectives time high then gold ingots. And you fail to take into consideration that gold ingots is only 7 years into a new bull cycle. Yet, stocks enjoy been more or less within an uptrend for the last 26 years (except for the 2 years from 2000 - 2002), yet you believe that stocks enjoy not run their course, yet gold have.
If you read my post carefully, you'd see that the major blow rotten stages of bubbles have a very nippy growth rate in the final stages. Compared to the bubbles in the NASDAQ and gold ingots in the 1970's, gold have not yet entered it's final blow-off stage. The NASDAQ saw a fast growth in it's final 2 years, when it had already see a 376% increase in value from 1990 to 1998. Gold saw a fast growth in it's final 2 years when it had already see a 449% increase in it's value from 1971 to 1978. Based on that historical perspective of bubbles, gold ingots is right on schedule to move into a the final blow-off stages that will probably last for give or take a few 2 years and could push gold prices to $3,300/oz. based on historical notes. But, the US is currently pumping the money supply at unprecedented rates and if the dollar moves into a full blown currency crisis, then $3,300 would be cheap. Don't believe me? When Germany pumped their money supply to unprecedented rates after WW 1, the price of gold go from 170 Reichmarks per oz. to 87 TRILLION Reichmarks per oz., that's how badly the German currency was devalued. Why do you judge the price of oil, gold, wheat, corn and unsophisticatedly every other commodity has gone up in price? Demand is bit of it, but the major factor is the world central bank pumping their money supplies and driving inflation.
But hey Aaron, I'll go even one step further. Not only will I state that we will eventually see the Dow trading surrounded by the 1000 to 2000 point range, but I w
Why would you want to invest when it's at all time high? Remember the addage - buy low sell high. It's adjectives speculation driving the price higher now - start moving towards equities.
The guy below is a total tool. Telling me MY argument is biased base upon the 30 words above I wrote. Take a look at some of the garbage this person have written to others on Answers. He predicts that the Dow will fall to 1000-2000, which is about an 80% drop surrounded by the entire stock market.
You should go to a ridge about it. They will have brokers that can buy it for you. Most of the time in that is a small fee for their time. Some things have minimums but I don't mull over gold would. Just keep the broker allowance in mind and buy enough to trade name it worth the time. scottrade.com will charge 7.00/trade...GLD is the symbol for gold minimum to buy is 100.00 right now