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Questions tagged [gold]

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

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How to calculate capital gain on gold coins in Canada?

In case of purchasing multiple gold coins (assume same kind of coin) on several occasions, for the purpose of capital gains tax calculation upon resale - does one have to calculate adjusted cost base ...
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Are there any possible complications when calculating capital gain while trading gold ETR, compared to regular ETFs?

In particular, is MNT.TO ETR treated any different from ETFs when calculating ACB? I assume that it pays no dividends, and thus buy/sell would be the only taxable events, or am I missing anything? I ...
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165 views

May one buy gold coins from wholesalers vs the retail dealers?

I am interested in buying a lot of American Gold Eagle coins. I live in Irvine CA. The local gold dealers in my city tell me I should come into their store, bring them a check, and come back one ...
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1answer
171 views

Taking physical gold out of the United States

Are there restrictions on taking physical gold out of the US if I emigrate? Can I just pack it in my luggage and get on a plane to UK?
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1answer
192 views

Gold price in my country. Is it a good investment during hyperinflation? [closed]

On Wednesday, expectations of interest rate hikes in the United States limited profits and put pressure on gold. US gold futures for delivery in December 2018 fell to $ 1,211.50 per ounce, pressured ...
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2answers
6k views

What does “gold reserves” on a gold mining company's balance sheet mean?

From a Reuters article: On Wednesday, [Newmont Mining Corp] reported gold reserves of 68.5 million ounces for 2017, unchanged from 2016, as it replaced reserves through exploration, projects, ...
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1answer
109 views

Why doesn't Graham consider gold as an investment?

Before the end of the negative interest rate I was wondering what about investing my money in raw materials, maybe in gold. Having almost finish my reading of The Intelligent Investor I was wondering ...
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7answers
1k views

How should I prepare for the next financial crisis?

Last financial crisis happened 10 years ago - there is the risk of another one some time in the future. I am middle class worker with an average savings. I know that investing in gold should be safe ...
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1answer
182 views

Investing in precious metals and keeping them safe

My intention is to invest once each month or each other month. What are my options? Physically buy some American Eagle/Krugerrand/Maple leaf Gold Coins? I have to admit that they look really good, ...
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4answers
338 views

Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version?

I've come across a few ETFs that are currency hedged. At first, the "hedged" part in the name seems to imply that this is somehow a safer investment than an unhedged version. However, take a look at ...
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3answers
3k views

Is the Canadian Gold Maple Leaf actually used as legal tender?

How could it be that this gold coin was created as legal tender when its gold content value is much higher than its face value? https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf The face value ...
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1answer
559 views

Gold coins with face value greater than the metal value — what's the catch?

If you're going to keep some money in cash, is there any downside to keeping it in gold coins that you can buy at their face value, where that face value is higher than the metal value? I came ...
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4answers
938 views

Is gold subject to inflation? [duplicate]

You know, we all have inflation. You can buy less on your USD, Euros and RUBs today than year before. I was advised to buy gold if I do not want my money be eaten by inflation. Gold is advised for ...
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3answers
263 views

Cost of carrying precious metals in portfolio

Recently, I have decided to diversify my portfolio into some precious metals. However, I found out that the cost of holding gold and silver is really high. The website I was trying to buy from ...
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1answer
71 views

How does price of spot gold works in relation to foreign exchange?

What I mean by this question is when I buy gold, which currency is the price of the gold based on? So assuming I am from China and I wish to buy gold through goldmoney.com, they allow me to choose ...
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4answers
759 views

Can I Accept Gold?

A few years ago, Utah defined gold and silver as legal tender. If I understand this law correctly, this should mean that now that my business is in Utah, I can accept gold as a means of payment (I ...
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2answers
124 views

Why the volume disparity between NUGT and DUST?

The volume of NUGT at ~47m is much higher than DUST at ~7m. Why do traders favor one ETF so overwhelmingly? Is this typical of ETF pairs or just a quirk of NUGT/DUST?
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1answer
177 views

What caused gold to lose a third of its value during the year 2013 to 2014? [closed]

I've noticed that the ounce of gold lost a third of its value starting at $1700 to $1200 during 2013 and I would like to understand what caused such thing, if possible.
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1answer
198 views

Why is gold price falling in late 2016 given that it has historically rose when there are fears of inflation? [closed]

Since Trump got elected as president, gold price fall has accelerated. At the same time, fears of inflation heightened given expectation of Trump's fiscal stimulus. The dramatic fall in bond prices is ...
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1answer
1k views

What are the common arbitrage strategies for trading Gold?

As the title states, will like to know more about what arbitrage strategies are commonly used for gold traders.
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2answers
3k views

What is the face value of sovereign and Britannia gold coins?

I have seen claims on the internet saying sovereigns have face value of £1 and £100. These coins therefore have an embedded put option at the strike being the face value.
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1answer
166 views

Are American Eagle $20 gold coins considered “securities”, requiring dealers to be licensed to sell them as such?

I wonder if anyone can tell me whether U.S. $20 American Eagle gold coins are considered to be "securities" for purposes of sale? In other words, if I want to start a business that buys/sells them to ...
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1answer
163 views

Does Gold Pay Interest In Negative Rates?

From my SO the other night: Gold pays interest when there's negative rates. If someone holds gold, they have to store it in a manner that will cost (money or time) and if someone holds gold in a ...
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1answer
142 views

Is paying high-value home loan by taking gold loan better?

I have a housing loan of 27 lakhs with the interest rate of 10% for 5 years. Is it really worth if I take gold loan and do a housing loan pre-payment out of it? I understand that gold loan is ...
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1answer
92 views

Why did gold dip in 2011 [closed]

Can anyone give a good explanation why gold was mostly flat for 20 years counting from 1987 and then it shot up in 2006-2007 and then dipped in 2011? What caused the increase and what caused the huge ...
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2answers
248 views

Why is USA tax reporting different for essentially identical gold coins?

I was just reading about how bullion dealers are required to file a USA 1099-B when someone sells 25 or more 1oz gold Maple Leafs, Kruggerrands or Mexican Onzas through them, but that there is no such ...
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3answers
796 views

How do gold sovereign coins compare to other gold investments? [UK]

I'm starting with the assumption that gold is sometimes useful for diversifying risk, responding to economic instability, or generally commodity trading. That stated, there are obviously different ...
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1answer
2k views

What explains the enormous increase in gold price in the early 21st century? [closed]

I just saw a chart of gold price over the last few decades. Between 1980 and 2000, gold price actually fell, but not at a steep rate. Then suddenly, in 2002-2011, its price nearly decupled (10x). I'm ...
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1answer
121 views

Is it better to have gold cfd contract or real bullion gold bars? [duplicate]

Title says it all, I'd like to know the advantages and disadvantages of both.
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4answers
1k views

Why is gold not a good investment? [closed]

The following comment has 18 up votes: Gold is really not a good investment. – Almo (source) What's the deal with it? Is investing in gold bars equally bad as investing in gold jewellery?
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2answers
193 views

Buying gold/silver bullion internationally

My understanding is that gold and silver have a set value at any given point, but I've been told that it's possible to buy it cheaper in other countries, specifically China. I can believe this for ...
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1answer
509 views

If our economy crashes, and cash is worthless, should i buy gold or silver [closed]

If cash is worthless, should i have bought gold or silver when cash was worth something?
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2answers
195 views

Can individual investors buy precious metals at the spot price?

I'm learning about investing in precious metals. I know that when you buy gold or silver bullion from a dealer, you typically pay the dealer a commission above the spot price. I'm working from an ...
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1answer
202 views

Is it a good time to buy gold [closed]

I live in India and currently the gold prices have dropped. Is it a good time to invest in gold now or should I wait. I have checked the rates and they are Rupees 2500/gram
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1answer
224 views

How can I track down physical gold bought by my grandpa, but held by the bank?

My understanding is that my Grandpa and Grandma bought a gold bar or a portion of a gold bar and were issued a receipt and the gold was either held by the bank that facilitated the deal or a third ...
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1answer
88 views

How to buy a Gold ETF in India?

How can I buy a Gold ETF in India? Are they the best way to invest in Gold, and are there any other options?
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4answers
577 views

Why is it 100 oz and not one ounce?

Why is gold measured in USD / 100 oz and not 1 ounce (as reported everywhere else) on the Financial Times web site, http://markets.ft.com/research/markets/Commodities? To clarify, http://www....
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1answer
202 views

Where can I buy real gold and sell it later as shown in market?

I want to invest money in Gold. Where can I buy Gold and sell it later when the gold prices are high? (high in the market as shown in market NASDAQ/NYSE)
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1answer
200 views

A goldsmith's hedging strategy, simplified

A goldsmith has bought 100oz physical gold for his trade and paid $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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2answers
325 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
1k 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 ...
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4answers
2k 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 ...
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3answers
421 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 ...
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2answers
4k 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
509 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
88 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
246 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 ...
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3answers
6k 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 ...
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1answer
677 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
503 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. ...