4th quarter is when people spend for C-mas and book vacations on credit card and 4 quarter they pay it down.
This isn't news.
This isn't news.
U.S. economy slows as consumer spending brakes sharply
- Thread starter mentalfloss
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That's irrelevant. If the US dollar keeps depreciating over time while gold remains steady, then over the long term gold will appear to be rising in price relative to the US dollar.
Just say of a kg.
Appears... that's why your home currency needs to break the spot price benchmark.
The trick to making money is to buy far below the spot price which is easy if buying scrap gold.
I say 'appears' because in reality, while gold might often spike up and down in the short term, it generally just holds its value over the long term. It just looks like it keeps rising in value relative to fiat currencies because the fiat currencies keep losing theirs.
That's why I keep saying "benchmark".
When our dollar broke the benchmark it became highly profitable to buy.
If want to make money in the current markets you buy scrap.
When would you buy and when would you sell?
When our dollar broke the benchmark it became highly profitable to buy.
If want to make money in the current markets you buy scrap.
When would you buy and when would you sell?
Gold isn't so good when you want to invest. Better investments exist since gold just holds its value. Gold is good when you just want to save though. fiat is the worst to hold your money in but it's what you need to shop with.
I generally shop in fiat, save in gold, and invest in stocks mostly through mutual funds.
I generally shop in fiat, save in gold, and invest in stocks mostly through mutual funds.
Good. A few grams a week adds up fast. Are you going to wait for the price to go up or our dollar before you sell?
I don't get that involved in it. My bank buys a set amount every two weeks and the same for high-growth mutual funds for stocks.
No, but I could theoretically trade it in a few days. For real emergencies, I have fiat in the bank account. Gold is for long-term investment. So yes, bullion. I would need a few days to trade it in. Stocks are higher-risk. They fluctuate wildly, again long term.