I wonder how it is possible to make money investing in Gold, seriously a lot of money, does anyone know anything that can help me a bit along the way maybe?
Have you considered trading Gold Fx pairs? XAUUSD? XAUGBP, for instance. You need large amounts ($3000) for single trade but you make quite a sizable profit depending on volatility. I have dabbled in Gold Fx trading with my own funds so can definitely vouch for it. Feel free to ask in private or here, any questions you have.******** said:
I wonder how it is possible to make money investing in Gold, seriously a lot of money, does anyone know anything that can help me a bit along the way maybe?
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You need to have a long term investment plan. Gold is not for short investment.******** said:
I wonder how it is possible to make money investing in Gold, seriously a lot of money, does anyone know anything that can help me a bit along the way maybe?
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Protinumerix47 said:
Have you considered trading Gold Fx pairs? XAUUSD? XAUGBP, for instance. You need large amounts ($3000) for single trade but you make quite a sizable profit depending on volatility. I have dabbled in Gold Fx trading with my own funds so can definitely vouch for it. Feel free to ask in private or here, any questions you have.
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I can't follow you on this???
like with any other commodity. You just need to buy low and sell high thu&¤#fc70 said:
you can make a lot of money in gold and silver under certain conditions.
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True, but gold (and to a lesser extend silver) are more than just commodities. The world's central banks are currently buying huge amounts of gold for a reason...they're not buying copper or iron ore.JohnnyDoe said:
like with any other commodity. You just need to buy low and sell high thu&¤#
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it's a comodity like any other - simply because gold has (way) higher density of value and is (way) more scarce it has/had a better market position as "money" (a tool for conservation of value) - nowadays doesn't make any sense, it's like using a coach before car just because it was common in the previous centuryfc70 said:
True, but gold (and to a lesser extend silver) are more than just commodities. The world's central banks are currently buying huge amounts of gold for a reason...they're not buying copper or iron ore.
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