Want to Buy GOld as An Investment

[Farhaj]

Hello guys,

 

I am new here . My objectives are to know the time of Buying gold from the Market (as in Physical) and then selling it out again to make out a profit . so, could you help me out with this guys.

[Gildeon]

Don't we all...? 😏

Welcome to the forum.

[AndrewR]

Welcome to the forum.

[Farhaj]

So, where should I start and what charts should I look into begin with

[HarryC]

I guess it depends how much you want to invest and for how long. For example, I know someone who bought a gold bracelet in Thailand and when they had it valued it was worth a lot more than what they paid for it. Might be a good investment for a family heirloom but I'm not sure if you have to declare it at customs if its over a certain value. 

If you are buying to sell quickly maybe look at the charts and get some ideas from gold.co.uk or on the ig website ig.com/uk/news-and-trade-ideas/shares-news/5-gold-stocks-to-watch-181214.

[Farhaj]

Could you tell me a strategy to go with like when to buy Gold and keep it and wait for it to go and then sell it in the market again..

like knowing SMAs... what are they and how can they cope up with knowing and finding results from graphs on when to buying and selling Gold.

[5huggy]

On 07/11/2019 at 04:50, Farhaj said:

So, where should I start and what charts should I look into begin with

http://www.goldseek.com/ - - Plenty of links to articles to read and learn from

[AndrewSL76]

Welcome to the forum. If you manage to develop the magic formula, please do share it!

[Farhaj]

9 hours ago, 5huggy said:

http://www.goldseek.com/ - - Plenty of links to articles to read and learn from

its a long list.. can you guide me properly from where to start as in to loook charts or when to step in for the buy moment.

could you please share it with me

[KitboyE17]

20 hours ago, Farhaj said:

Could you tell me a strategy to go with like when to buy Gold and keep it and wait for it to go and then sell it in the market again..

Buy when the price dips ... sell when the price rises 👍🏻

[Farhaj]

On 12/11/2019 at 09:14, 5huggy said:

http://www.goldseek.com/ - - Plenty of links to articles to read and learn from

its a long list.. can you guide me properly from where to start as in to loook charts or when to step in for the buy moment.

could you please share it with me

13 hours ago, KitboyE17 said:

Buy when the price dips ... sell when the price rises 👍🏻

I know that.. I am asking for a strategy to look into charts before going and selling in the market.

[5huggy]

Personally - I suggest that you do NOT dive straight into "TRADING" pms before "LEARNING" the game -

The reason I pointed you to the http://www.goldseek.com/ website, is that as you read and DIGEST the info disseminated by the differing posters, you will gain a far higher appreciation of the "FACTORS" that swing the pm's - - Once that understanding is gained its easier to play in the Volatile market with a degree or two more of safety!

BTW the charts that you see on that website are a constant update feed so if  you watch for a good long time (weeks to months)  - you start to see "The picture " of movements!

Hope this helps

[HighlandTiger]

The simple answer to your question is that NONE of us know. 

There is no guaranteed strategy for any investing, other than buy low, sell high.

People may direct you to graphs with lots of lovely lines drawn on them, but the fact that the people who draw these lines are NOT billionaires, then that should be an indicator they haven't a clue either.

You are asking the impossible I'm afraid

[Farhaj]

On 13/11/2019 at 13:22, 5huggy said:

Personally - I suggest that you do NOT dive straight into "TRADING" pms before "LEARNING" the game -

The reason I pointed you to the http://www.goldseek.com/ website, is that as you read and DIGEST the info disseminated by the differing posters, you will gain a far higher appreciation of the "FACTORS" that swing the pm's - - Once that understanding is gained its easier to play in the Volatile market with a degree or two more of safety!

BTW the charts that you see on that website are a constant update feed so if  you watch for a good long time (weeks to months)  - you start to see "The picture " of movements!

Hope this helps

What does PM's mean here.. 

And what I am putting here is that to buy the physical gold and then go in the market and sell it..

 

Similarly, you told me about the website but which article should I download first and then go ahead with.. Their are many that pops up in the first page itself.. how to proceed.

 

[Farhaj]

On 13/11/2019 at 14:33, HighlandTiger said:

The simple answer to your question is that NONE of us know. 

There is no guaranteed strategy for any investing, other than buy low, sell high.

People may direct you to graphs with lots of lovely lines drawn on them, but the fact that the people who draw these lines are NOT billionaires, then that should be an indicator they haven't a clue either.

You are asking the impossible I'm afraid

Ok.. if you call it the impossible..Then, how can one start to trade with Gold then.

Their must be something to learn from those lines on graphs.. such as moving average.. what do you say about it.. how to calculate it and put it in the graph.. before going further to buying from the market..

[Stu]

I would suggest the vast majority on here do not invest in gold; They either save money or are collectors of shinney things. You may be better servered doing an Internet search for investment advice.

[5huggy]

2 hours ago, Farhaj said:

What does PM's mean here.. 

Precious Metals!

2 hours ago, Farhaj said:

Similarly, you told me about the website but which article should I download first and then go ahead with.. Their are many that pops up in the first page itself.. how to proceed.

Just READ as much as you can of as many as you can until you start to understand this "Weird but Wonderful" market - just ask questions when you Really get stuck

This is likely to take a month or two - just to get a reasonable handle on it!!

[Nick1368]

welcome to the forum.

don't buy gold to make profit out of it because you might be disappointed, making profit out of gold is a lot more complicated than you think and your faith constantly depends on spot price.

it is a good idea to buy gold to preserve and diversify your wealth and keep it for long term, that way your money is protected against the ups and downs of the market, so for example if there is an economic  crash or hyper inflation then your wealth is well protected by your gold.

[Farhaj]

18 hours ago, Nick1368 said:

welcome to the forum.

don't buy gold to make profit out of it because you might be disappointed, making profit out of gold is a lot more complicated than you think and your faith constantly depends on spot price.

it is a good idea to buy gold to preserve and diversify your wealth and keep it for long term, that way your money is protected against the ups and downs of the market, so for example if there is an economic  crash or hyper inflation then your wealth is well protected by your gold.

I understand that .. But, my point over here is that just to make small profits out from the savings one has and put into it when the prices of GOld are going Up and LOW..

[Farhaj]

Could someone tell me out how to make a Trade out of SMA.. I have the idea of Buying a trade when the SMA line is above the current value and Vice Versa.. how is this for a strategy?

[AUstacker]

Hi Farhaj!   You could research charts and graphs and try to see what correlation the price of gold was at the time of the highs and lows. Economic landscape? Political fallouts? Foreign policy? Etc. But even if you can hammer down what really drives the market, how can you predict when those events will happen again? It would be pure speculation. That’s why you will not get a clear cut answer here. As stated above, gold is a great hedge against inflation. It’s a long hold and not for the faint of heart. 

[Farhaj]

On 17/11/2019 at 22:15, AUstacker said:

Hi Farhaj!   You could research charts and graphs and try to see what correlation the price of gold was at the time of the highs and lows. Economic landscape? Political fallouts? Foreign policy? Etc. But even if you can hammer down what really drives the market, how can you predict when those events will happen again? It would be pure speculation. That’s why you will not get a clear cut answer here. As stated above, gold is a great hedge against inflation. It’s a long hold and not for the faint of heart. 

yes, exactly that's all what I need to know.. I have seen the Graphs many times. But, how do I relate it to different studies available out their. I need to learn those ones if someone guides me to it.

[ChrisSilver]

Hello and welcome to The Silver Forum  

[GrahamDiamond]

Welcome to the Silver Forum Coinster !!!!!!!!!!!!

[Farhaj]

On 22/11/2019 at 07:14, GrahamDiamond said:

Welcome to the Silver Forum Coinster !!!!!!!!!!!!

Thank you,

so, how could you help me further in my topic.