Has anyone ever tried Gold trading http://www.summaryworld.com/business-and… IS GOLD PRICES LIKELY TO INCREASE TO $2,000?
hi there!!
the other day I was trading gold..go higher ... and you see commodity markets are the best one to trade as the profits are higher in those markets..
gold will rise definitely
You don't trade Gold. You buy it and sit on it. Then you tell the bank how much gold you have and then you can borrow money off them to run businesses and make more money without USING or LOOSING your own.
Its easier to make money in shares because they go up and down more often so you can find something cheap and sell it a couple of months later for a profit.
You keep gold for years.
The most liquid way to trade it on stocks would be gld. However, you won't own any physical gold. Which would always be the best is metals in hand. Not a name on a certificate your brokerage holds. I highly oubt gold can almost double from thse levels. But over another 20 or so years? Who knows. I think it's more likely to fall back to the low 9's than go above 1100.