TheRichSolutionsBlog

HDFC gold ETF is hitting the market where as there are other Gold ETFs in the market already. Is it good to buy this ETF as an NFO or buy others which are having low expense ratio?

I have to agree with the first guy. Gold is a waste of time and money. Its very hard to time and produce any good return. Check out www.fasttrack.net. They have a program that lets you see the effects of the volatile movements of gold. Its really difficult to deal with.

thoughts?

I don’t think that is going to happen any time soon.

People tend to flock to gold as a safe investment in uncertain times. The times are definitely turbulent and unstable. There has been some speculation about a double dip recession. So gold should remain a safe investment for a while.

That’s just my take. But it’s always safer to diversify your investments. A little money invested in gold could go along way. Nothing is a sure bet. But I wouldn’t be surprised if gold stayed high for five to ten years ( aside from minor market fluctuations )

I would like to know what happens to ETF’s when the market crashes ? because even similar to other stocks ETF’s are also paper assetts , does that mean if a person who has invested in Gold ETF will loose all the money if the disaster happens , in that case invsting in physical gold and Gold ETF both involves risks.

Would anyone like to comment on this ?

Thanks in advace .

There are crashes and then there are crashes. Sort of depends. During the big one during 07-08, gold ETFs did ok. They did have a slight swoon from about April 08 to about Sep 08. Nothing like the rest of the market though. Since they have come back strong.

If there should be a complete melt down, where no one will accept government printed paper any longer, you will definitely want to have a stock pile of gold and silver on hand. Perhaps silver more so than gold to handle your every day purchases like ammunition, sex, an army and so forth. Gold for the more scarce items like a 40 foot sail boat maybe. I do know where you can pick one of those up inexpensively currently without a mast.

I’ve read online that most Bull markets last about 1000 days, about 3 years, the current gold bull market run started in either 02 or 06 depending on how you look at it, but clearly it is outpacing inflation at the moment, how much farther do you think this bubble could go, or is it a bubble? When will it end?

My experience is that it is very difficult to predict how long a bull or bear market will last. Of course, historically, there are certain cycles and you can look at the historic data and see how long the upturns and the downturns lasted in the past.

This, however, does not predict how long the current bull market in gold will last. Many factors will play a role when a certain trend ends or begins.

Our approach to look at trends like for example the Gold bull market is to review the situation once per month. We believe that we do not need to predict when trends change as long as we have a fair possibility to recognize when trends change. At this moment we still see a strong uptrend for Gold.

Just as we cannot answer the question how much longer Gold will go up, we cannot answer the question how much higher it will go up. To be able to do that, you would need a model that includes inflation, economic growth, perception of gold as a safe heaven, strength of currencies like the Euro, the Dollar and the Yen and probably you need a crystal ball as well.

We believe that investors do not need to know how high and how much longer the trend will go. Recognizing a trend, riding that trend and stepping out when the trend changes is enough to beat the stock market indices in the long run.

How to calculate the value of gold in the market or How To Calculate Your Own Gold Price before selling it?

best website is. useful graphs and current gold prices when u want to sell.

http://www.goldprice.org/

I haven’t seen any places that pay for gold at market prices or close to it. I was wondering if a place like that exists? Also, if it’s not in oz bars is there any way to get close to market price for 24K gold jewelry?

It IS possible to sell gold close to market prices if you do your homework first and understand what your gold is worth. Personally, I’ve sold gold at or above spot on Ebay. I’ve also found buyers at my local flea markets that will pay spot or close to it. If you don’t sell on Ebay or visit flea markets, a reputable refinery may be your next best bet for selling your gold. If you’d like more in-depth information, I’ve recently launched a new website educating people about selling their gold and how to receive a fair price for it. It covers topics such as testing, weighing, and pricing gold, where to sell it, when to sell it and what NOT to sell. It also covers gold coins, gold teeth, scrap silver, platinum, diamonds and gemstones. Also gold market reports. http://www.how-to-sell-your-gold.com. I notice from reading a lot blogs and forums that people don’t know how to go about selling their gold, and that’s why I created it!

You may want to use the current actual price of gold, which is available in the business section of many news papers or on the World Wide Web.

It kind of depends on how much real gold is in the class ring - which you don’t state. Most class rings are mostly made of more inexpensive materials - there might be a little real gold, but not much.

Seems like a Gold Bubble is happening. Gold is 5 times the price it used to be years ago…

The price of gold is valued in dollars. The price of gold has not risen 500%, the value of the dollar has fallen 500%. It’s actually much worse than that.

You are not going to find any double eagles in circulation, because of Gresham’s Law.
But you can read about them here and see I am not making this up:

http://en.wikipedia.org/wiki/Double_Eagle

The double eagle contains .96 ounce of gold, and is face valued at $20. Now an ounce of gold sells for approximately $1100, which is 5500% higher. Is this gold’s fault?

I wish I had more dollars, I’d like to buy more gold.

Grandpa

I have a friend who lives in ghana, and he thinks that he will not get the current market price for his gold there

gold prices are internationally set so you should get about the same rate in any country, the main difference will be the jewellers charges. He should take it to several different stores to find the best price

It seems that there is a lot of advertising for gold on Fox News and conservative talk radio. Are conservative investors getting ready to try to sell the gold, in order to make a killing?

it is sponsored by those who want to sabotage recovery packages around the world
Gold rush would fuel inflation and again contraction