DJ...
Banned
- Joined
- Jan 24, 2007
- Messages
- 70,287
DJK, it does not matter. I still have exposure to gold price. ABSA will not go bankrupt and duck with my shares. Also I think it is time to sell GLD. Buy again when it has bottomed. I have made a good profit.
You mentioned that you owned the bullion - I was just pointing out that this is not the case, and I indicated even in my original response that you're merely tracking the gold price. However I'm confused as to why you state that now is the time to sell gold, as 5 days ago you said, and I quote "Now is the time for GLD."
I would suggest www.imaraspreid.co.za
Now is the time for GLD. Gold price has dropped to $915 and the R$ is 10.3
Consensus from brokers is gold to reach $1200 and R$ to 13.00 soon. This is a great leverage. You score on gold price and R$ exchange. etc...
Sounds to me like you're practically day-trading without any kind of investment methodology.
See this is exactly why one should always take investment tips and advice from the internet with a pinch of salt...