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Asian demand for Gold seems to be falling off
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<p>[QUOTE="josh's coins, post: 1942881, member: 51487"]Just with any investment there is risk. I would not say that PM is a low risk market specially if you have big stakes. I remember when the price of gold & silver was booming a few years ago. A friend of mine made a lot of money when Gold had maxed out at $1900/oz He was heavily invested in gold and made roughly $1000/oz. </p><p>He risked it all investing his entire fortune into gold but it did pay off. However his situation probably happens to 1/100 or less. If I were to decide to invest in gold and say I bought a kilogram bar for $44,000. I could sit on it for a decade and then when/if gold booms I may sell it for $224,000 making $180,000 on that kilogram bar. The more likely situation is I buy the kg bar at the same price and 25 years later that bar is worth about $35000 and I am forced to sell it because I need to pay for a new addition to my house. I sat on a kilogram bar for 25 years and I lost $9000. </p><p>In my experience the investors that make significant amounts of money buy gold and silver and resell within a year and make short term gains. Constantly they will buy gold then sell gold and buy silver use the silver profit to buy more gold etc...</p><p><br /></p><p>Basically if you know how to work the market the risk is worth the reward. I think a lot of people know this already and that is why the PM market has been hot for quite some time.[/QUOTE]</p><p><br /></p>
[QUOTE="josh's coins, post: 1942881, member: 51487"]Just with any investment there is risk. I would not say that PM is a low risk market specially if you have big stakes. I remember when the price of gold & silver was booming a few years ago. A friend of mine made a lot of money when Gold had maxed out at $1900/oz He was heavily invested in gold and made roughly $1000/oz. He risked it all investing his entire fortune into gold but it did pay off. However his situation probably happens to 1/100 or less. If I were to decide to invest in gold and say I bought a kilogram bar for $44,000. I could sit on it for a decade and then when/if gold booms I may sell it for $224,000 making $180,000 on that kilogram bar. The more likely situation is I buy the kg bar at the same price and 25 years later that bar is worth about $35000 and I am forced to sell it because I need to pay for a new addition to my house. I sat on a kilogram bar for 25 years and I lost $9000. In my experience the investors that make significant amounts of money buy gold and silver and resell within a year and make short term gains. Constantly they will buy gold then sell gold and buy silver use the silver profit to buy more gold etc... Basically if you know how to work the market the risk is worth the reward. I think a lot of people know this already and that is why the PM market has been hot for quite some time.[/QUOTE]
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Asian demand for Gold seems to be falling off
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