The yellow precious metal, used in jewelry, and as money, as well as in the industry and medicine.

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79 views

A goldsmith's hedging strategy, simplified

A goldsmith has bought 100oz physical gold for his trade and payed $1300/oz. He is going to be ready to sell his jewels in 3 months from purchase. In order to hedge against falling prices of gold, he ...
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1answer
36 views

Gold futures' margin

How is the margin for gold futures determined? Where exactly can I look to find the current margin (pls, state website)?
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2answers
183 views

Why is a home loan (mortgage) cheaper than gold loan?

I am not sure if this is a India specific issue. I understand that gold is a basically non-value add asset and real estate business generates jobs and people do need houses to live in. My doubt is ...
4
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4answers
826 views

Investing in gold with a foreign currency

I watched a commentator on television state that they're bullish on gold but only in yen terms. Are there financial instruments similar to the gld that let me choose the currency that gold is bought ...
2
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3answers
204 views

I want to invest in Gold. Where do I go and buy it?

I would like to invest in some Gold. The current rate of Gold is Rs 27,800/- per 10 grams. Some banks like HDFC offer gold but at a much higher inflated price of Rs 29,084/- Some of my questions ...
2
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2answers
77 views

What are the differences between gold/siver “coin” vs. “round”?

There two types of silver (and gold) in the market available: silver coin and silver round. I am looking answers for this two questions. What are the main difference between them, and advantages of ...
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2answers
149 views

Should I switch/rollover my IRA to a Gold IRA at Regal Assets?

I was recommended from a friend that I should consider switching my current IRA to a Gold IRA. She sent me a link and told me to consider switching over to Regal Assets. I haven't searched around a ...
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0answers
64 views

Forward Contract Extension

I was reading this article Below is a small snippet from the article. I'm wondering how Barrick gold could extend the hedge at its own option. How would this be executed and how do they have this ...
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1answer
82 views

How to calculate micro lot leverage?

For these gold and silver products http://www.fxdd.com/us/en/products/metals/, how many micro lots are required so a penny move is worth a dollar? How much leverage does that equal? I've traded ...
4
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3answers
597 views

How does a mint determine the face value of precious metal coins and what does it mean?

If one were to look at silver/gold proof coins that are minted by/for/on behalf of the government, one could see that some coins would bear a face value, such as the 1/2 oz $25 American Eagle gold ...
4
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1answer
136 views

It is ok if I under-report my cost basis for certain securities?

Yes, I would like to say that my cost basis is lower than it actually was (and thus pay more taxes). Quick story, which I think is mostly correct (but I can't remember all details): I own shares ...
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1answer
318 views

What's the best gold investment strategy for a Singapore resident?

I'd like to buy gold in small amounts (1 gm) when the prices are attractive, but I can't keep a watch on it. I'm buying gold as a long term investment / hedge, and I don't have plans to sell it. ...
5
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3answers
668 views

Is buying or selling goods for gold or silver considered taxable?

Is buying / selling goods for gold / silver taxable? If yes, what's the rationale behind this?
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1answer
85 views

Are there debit cards tied to commodities?

I'm wondering if there are debit cards tied to commodities? For example is there a debit card where I can deposit in Gold, Silver, or cash that is immediately converted to the asset and then use the ...
2
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2answers
817 views

How does spot-futures arbitrage work in the gold market?

According to Kitco, the spot price for gold, at time of writing, is about USD 1240 per ounce. At time of writing, CME Group shows that futures contracts are above that price for many months ahead. ...
6
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1answer
814 views

How can I invest in gold without taking physical possession?

I want to buy gold but I do not want to physically store it. I just want to invest in the price of gold. Where can I buy electronic gold certificates? Something like putting money in the bank but ...
6
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2answers
143 views

Investments backed by physical Diamonds?

I understand people can invest in Gold via ETF's which are investments backed by physical gold. My question is, do investments exist which are physically backed by Diamonds?
2
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4answers
574 views

How to invest in gold at market value, i.e. without paying a markup?

At 2013-03-24 - 11:30am, the value of gold in the UK per oz was 1056.7GBP. I can buy a 24 carat 1oz gold coin (999.9) for 1132GBP. I can sell that gold coin for 1010GBP. I am clearly doing ...
2
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1answer
428 views

e-gold VAP - safe to use?

Some years ago, I created an e-gold account and transferred some gold into it. e-gold's service has been suspended in 2009 for legal issues. Now, they offer a VAP ("Value Access Plan") to let me ...
0
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1answer
193 views

Ideas about Gold Investment [duplicate]

Possible Duplicate: Pros & cons of buying gold directly vs. investing in a gold ETF like GLD, IAU, SGOL? I’m a new player in this so I hope someone can offer me some suggestions. I ...
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2answers
976 views

Pros & cons of buying gold directly vs. investing in a gold ETF like GLD, IAU, SGOL?

Google search brings up some articles on this topic, but they can be biased, so: What are the advantages and disadvantages of buying physical gold vs. investing in a gold ETF like GLD, IAU, or SGOL? ...
8
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1answer
94 views

What are the differences in taxes rules for specialty ETFs such as GLD (Gold ETF) and general ETFs?

I am on 15% tax bracket. In terms of shot term hold and long term hold, I want to know what the differences in taxes rules for specialty ETFs such as GLD (Gold ETF) and general ETFs as are?
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1answer
160 views

Is it possible to pay contracts using gold in the UK using legal tender gold coins?

I have looked around for this for ages and for obvious reasons, would be a very efficient means of paying bills without HMRC taking a cut (as long as I can't be attacked for Tax evasion). I have seen ...
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1answer
642 views

Why do Central Banks buy gold for their gold reserves?

I read The People's central Bank of China (i think called PBOC) should have bought 50 to 70 tons fo gold in 2011 (Marcus Grubb, managing director World Gold Council). On the same article it states ...
3
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2answers
194 views

What is a good way to determine where and to whom to sell gold jewelry?

In my family we have some gold-based jewelry that we want to sell. Not actually needing to sell it, we can afford to look around for a buyer. However, I don't know anything about this sort of thing ...
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5answers
477 views

Pros & cons of investing in gold vs. platinum?

I'm considering moving some of my investments into physical precious metals in case the world economy tanks further. Both gold and platinum are near historical highs, but platinum has been more ...
14
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4answers
744 views

If gold's price implodes then what goes up?

Everywhere I turn I am hearing about investing in gold. It's to the point where I hear about it so much that it's a mania. That just seems to indicate to me that the best thing to do is to be a ...
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1answer
150 views

How can a resident Indian buy and hold physical gold/silver at BullionVault?

Is it legal for an Indian resident to transact at BullionVault? Are there any tax implications? While BullionVault allows deposits from international banks, it only does so in dollars, pounds or ...
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4answers
289 views

Gold drops on every piece of negative news from Europe/debt crisis, why?

I've watched gold drop right along side the equities as we get bad news out of Europe for the last several months. A threatened Euro means the dollar is more of a (temporary) safe-haven, driving the ...
13
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5answers
587 views

Is physical gold inflation-proof?

I always assumed that physical gold is inflation-proof, but my advisor at my bank claimed it is not — unfortunately without going into details. Now I wonder what he meant. My assumption was: If I buy ...
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2answers
158 views

What is a good/reliable source for current and historic gold prices?

In searching for the current and historic price of gold, the kinds of sites I'm finding seem a bit questionable. What is a reputable site for information about current and historic prices for gold?
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2answers
821 views

Can damaged gold bullion be sold at a bank?

I am considering to buy gold bullion from my local bank and I am performing a risk analysis considering the storage. One major question is what happens if the gold bullion take damage. My bank offers ...
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4answers
482 views

Is the gold and silver in the GLD and SLV ETFs leveraged?

There are various blogs and videos that indicate that the gold that GLD holds (via HSBC) and the silver that SLV holds (via JP Morgan) is leveraged 50 to 1 or 100 to 1. For me there are some ...
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4answers
373 views

What is a good size distribution for buying gold?

I am living in Europe and I am considering buying gold to protect my money in case of a possible crash. My first idea was to get bars of gold and leave them inside the vault of my bank. The main ...
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1answer
56 views

UK Shares in Gold? [duplicate]

Possible Duplicate: Investing in gold without holding physical gold Instead of buying actual gold, bringing it into your house, then worrying about it getting stolen. Is it possible to buy ...
5
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2answers
115 views

Index fund that tracks gold and other commodities

Is there an index fund that tracks the index for precious metals? How about a fund that tracks an index just for gold?(I guess this is not possible) And is there a fund that tracks overall commodities ...
10
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3answers
369 views

Does the USA have a Gold reserve?

The intent and context of this question relates to what could possibly cause a huge crash in gold prices in the future. From a layman's perspective, if tonnes of gold are found in a mine somewhere - ...
2
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1answer
702 views

Why gold prices are affected by interest rates?

At this article: http://www.theglobeandmail.com/globe-investor/some-gold-bulls-say-its-time-to-cash-in/article2139949/ What does this mean: The current environment of low interest rates and a weak ...
11
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7answers
867 views

Is gold really an investment or just a hedge against inflation?

As per the title of this question, is gold something that can really be considered an investment or is it just a useful hedge against inflation? While I can understand the value in having hedges ...
15
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3answers
603 views

Until about 1800, why did gold have any perceived value?

Related to this previous question, and this one, what gave gold value prior to "modern" uses? Until its application in EM shielding, electrical connectors, etc, it seems that gold was merely ...
8
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6answers
1k views

What intrinsic, non-monetary value does gold have as a commodity?

Clearly the main focus of discussion of gold is on its extrinsic value - the value placed on it by investors and others who prize it as a store for wealth. However, it's conceivable that society could ...
6
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4answers
411 views

When is a good time to invest in gold? In what situations is the price of gold likely to drop?

When is a good time to invest in gold? What are situations likely to trigger a drop in gold prices? What are alternatives to gold?
8
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4answers
306 views

What is the best way to invest in gold as a hedge against inflation without having to hold physical gold?

What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? Is it possible for a regular person to just purchase shares in GLD?
12
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3answers
475 views

Where can I sell some gold ounce bars I own, without getting screwed?

I have some gold ounce bars that I'd like to sell while the price is high, but I don't know where to sell the gold. I've Google'd around, but there seems to be a lot of shady places out there. So my ...
4
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4answers
8k views

How much would it cost me to buy one gold futures contract on Comex?

I am looking at gold futures prices: http://www.cmegroup.com/trading/metals/precious/gold.html I cannot figure out how much one futures contract of gold would cost me to buy if I were to buy it from ...
3
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2answers
129 views

Run for the Gold!! Which one though?

There are many gold based ETFs, let's take GLD and IAN for this example. GLD trades approximately at $160 IAN approximately at $16 If you compare the performances of the two in the past weeks, ...
17
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9answers
1k views

Does gold's value decrease over time due to the fact that it is being continuously mined?

As one can see here ( How fast does the available amount of gold in the world increase due to mining? ), available amount of gold is increasing. That sounds similar to printing more money. I ...
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3answers
166 views

How is gold shared in worldwide economies?

I'm generally very interested in economics matters, although i'm not an economist nor have in depth knowledge on the subject. I have a question about how money is shared throughout the world. I'm ...
15
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8answers
832 views

How do you measure the value of gold?

With stocks in a company, when you do valuations, you can look at things like how much profit the company has made, or how much dividends it gives back, in order to get values with Price Earning ...
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2answers
242 views

What are the tax liabilities or impact for selling gold?

What are the tax liabilities for selling gold? For example, suppose I bought an ounce of gold in 2005 at $500 and I sold it yesterday for $1,500. What kind of taxes are due on this (in the United ...