Jul
hi i want to go into the gold business. i want to purchase gold (stone, or jewlerry) and then sell it after a while becuse the price goes up each day hugely.
from where should i begin ?
thank you sorry for bad englisch
Answer:
You must begin by studying temporal and spatial arbitrage.
If you don't know what that means, spend a few months studying it first.
Businesses which buy gold and other used jewelry and resell them, usually buy them for pennies on the dollar on the current value, and try to sell them right away, rather than hold and wait until the value of gold goes up.
This is because the value of gold can go down also.. Nobody can predict it, except that it will go up and down.
When the price of gold goes up, it is because the value of money has gone down. You will most certainly sell it for more, after holding it for many years, but the money you receive for it, will still buy approximately the same amount of goods.
Answer:
Buying the actual gold is a terrible way to speculate on gold's value. Gold futures are available in many forms from several financial markets.
That being stated, please make sure you understand that what you’re planning is unbelievably risky. You don't think the price of gold can go down? You think it's a stone-cold lock it is going to go up? What you’re proposing is gambling, pure and simple.
Good luck to you.
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