Opinion - Wanna Speculate In Gold? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 8 / Views: 1,233
biggfredd Rest in Peace United States 9104 Posts	Posted 01/03/2012 12:50 pm Here's a trade to go long the precious metal: GLD MARCH12 170 CALL (Debit of 1.85) As a stand alone hedge, meaning that you are not factoring in any hedge to the equation, exit the trade at a 100% gain or a 50% loss. ***** In English, you pay $185 for the right to buy 10 oz of gold for $17,000. GLD will have to hit 171.85 plus brokerage fees for you to break even. If GLD hits 173.70, you double your money. If the value of your option drops to $92.50, sell and take your loss. Report this Post to the Staff

poboxw Pillar of the Community Canada 1502 Posts	Posted 01/03/2012 3:39 pm Call me an ignorant chicken but I still think these long and short calls are a step away from becoming a booth at a Vegas casino. I want the option (pun intended) to sit on my investment until the opportune time to sell. I would buy mining stocks or ETFs if not physical before I would ever consider these option-restricted options. But hey, maybe that's why I'm not a millionaire (yet ) (or flat broke... thin line) Edited by poboxw 01/03/2012 3:41 pm Report this Post to the Staff
westcoin Pillar of the Community United States 9792 Posts	Posted 01/03/2012 4:07 pm Gold is not an investment, but rather a hedge against inflation IMO. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 01/03/2012 5:34 pm There are a lot of ways of looking at gold and other precious metals. Some see them as investments, others as a hedge against inflation, and still others as just something fun and interesting to collect. So, which of these is correct? Well, that all depends on you and how you look at it. I am not a gold collector but I do collect silver and enjoy it quite a lot. It is VERY volatile but that's OK with me, as there IS opportunity in volatility. I never invest any money that I need to use for anything else within the next 3-5 years, so do have time to ride out the market drops. In fact, they are pretty useful as dollar cost average buying opportunities. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 01/03/2012 6:10 pm In regards to inflation, put (ha!) it this way: will we ever see a decrease in the amount of circulating paper bills in our lifetime? Maybe if it all became electronic via a transitional period, but think about how many people would resist that. Call me crazy. :) Report this Post to the Staff
mmerlinn Valued Member United States 302 Posts	Posted 01/03/2012 6:41 pm That call option looks very optimistic to me. I think it is kind of a tossup AT THE MOMENT that one could make any money on it. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 01/04/2012 7:09 pm Quote: will we ever see a decrease in the amount of circulating paper bills in our lifetime? I sure hope not. Considering how easy it was for MF Global to fleece its clients, a world-wide electronic currency system just BEGS for routine abuse. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 01/04/2012 8:18 pm Quote: I want the option (pun intended) to sit on my investment until the opportune time to sell. Consider leaps. Report this Post to the Staff
XavierOfGreen Pillar of the Community United States 2589 Posts	Posted 01/04/2012 9:45 pm Hedges against inflation are by definition investments. Report this Post to the Staff
	Replies: 8 / Views: 1,233

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.3 seconds to rattle this change.