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Author Topic: Gold under $1400 an ounce  (Read 2468 times)

Offline RJ898

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Gold under $1400 an ounce
« on: April 15, 2013, 10:19:01 AM »
Is there anyone here who know about buying?
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Offline mmermss

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Re: Gold under $1400 an ounce
« Reply #1 on: April 15, 2013, 10:31:19 AM »
Quote from: RJ898 on April 15, 2013, 10:19:01 AM
Is there anyone here who know about buying?
CountValentine?
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Offline plainbachur

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Re: Gold under $1400 an ounce
« Reply #2 on: April 15, 2013, 10:38:09 AM »
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Offline CountValentine

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Re: Gold under $1400 an ounce
« Reply #3 on: April 15, 2013, 10:43:54 AM »
Quote from: RJ898 on April 15, 2013, 10:19:01 AM
Is there anyone here who know about buying?
How much you looking to buy?
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Offline samzyr

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Re: Gold under $1400 an ounce
« Reply #4 on: April 15, 2013, 01:09:43 PM »
where can i buy just a few ounces?
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Offline CountValentine

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Re: Gold under $1400 an ounce
« Reply #5 on: April 15, 2013, 01:14:48 PM »
Quote from: samzyr on April 15, 2013, 01:09:43 PM
where can i buy just a few ounces?
Quote from: plainbachur on April 15, 2013, 10:38:09 AM
http://www.apmex.com/Category/502/Gold.aspx
Their prices are not bad. You might want to check with your local coin shops also.
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Offline AsherO

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Re: Gold under $1400 an ounce
« Reply #6 on: April 15, 2013, 02:46:01 PM »
Quote from: CountValentine on April 15, 2013, 10:43:54 AM
How much you looking to buy?
Quote from: CountValentine on April 15, 2013, 01:14:48 PM
Their prices are not bad. You might want to check with your local coin shops also.

What is your opinion/analysis on the recent fall of gold prices??
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Offline Mikeoracle

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Re: Gold under $1400 an ounce
« Reply #7 on: April 15, 2013, 02:58:41 PM »
Quote from: samzyr on April 15, 2013, 01:09:43 PM
where can i buy just a few ounces?
Just buy GLD which is an ETF correlating to the price of gold.
Or buy a call option on GLD if thats your thing. I just did (July $136 strike)- on a whim.
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Offline yuneeq

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Re: Gold under $1400 an ounce
« Reply #8 on: April 15, 2013, 03:00:40 PM »
Buy the stock GLD. You can buy in 1/10th of an ounce increments with probably the lowest fees around.

ETA: I was beat to the punch
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Offline myb821

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Re: Gold under $1400 an ounce
« Reply #9 on: April 15, 2013, 03:01:11 PM »
Quote from: Mikeoracle on April 15, 2013, 02:58:41 PM
Just buy GLD which is an ETF correlating to the price of gold.
Or buy a call option on GLD if thats your thing. I just did (July $136 strike)- on a whim.
I hope u miswrote that strike price
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Offline yuneeq

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Re: Gold under $1400 an ounce
« Reply #10 on: April 15, 2013, 03:04:30 PM »
Quote from: myb821 on April 15, 2013, 03:01:11 PM
I hope u miswrote that strike price

I hope you don't know what GLD is.
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Offline myb821

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Re: Gold under $1400 an ounce
« Reply #11 on: April 15, 2013, 03:07:07 PM »
Quote from: yuneeq on April 15, 2013, 03:04:30 PM
I hope you don't know what GLD is.
my bad
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Offline myb821

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Re: Gold under $1400 an ounce
« Reply #12 on: April 15, 2013, 03:08:08 PM »
Quote from: Mikeoracle on April 15, 2013, 02:58:41 PM
Just buy GLD which is an ETF correlating to the price of gold.
Or buy a call option on GLD if thats your thing. I just did (July $136 strike)- on a whim.
so your betting on gold to have a nice rebound?
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Offline Mikeoracle

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Re: Gold under $1400 an ounce
« Reply #13 on: April 15, 2013, 03:09:20 PM »
Quote from: yuneeq on April 15, 2013, 03:04:30 PM
I hope you don't know what GLD is.
+1 :)
Only went in half my intended position, open to doubling down if the fall continues, possibly staggering the exp month.
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Offline Mikeoracle

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Re: Gold under $1400 an ounce
« Reply #14 on: April 15, 2013, 03:10:15 PM »
Quote from: myb821 on April 15, 2013, 03:08:08 PM
so your betting on gold to have a nice rebound?
Yup.
But thats just my gut, I can be way off and am only going in with what I am comfortable losing.

I am thinking the fall was too quick and there may be some bounce.
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