I want to know what investments tools (for example a market, a medium) I can use to maximize my ROI. I want to play into a sharply rising gold price during the next 12 months. I want to put a few K's into it. I have some Jan 08 calls on options of gold shares, but want to do something esle in addition. I am not looking on where to put my money specifically (buy x or z), rather than what tools are available for an individual. I have a futures account ready. Without using margins, what should I look at?
Thanks,
Oh here are some rules...
1. I am not interested in buying mutual funds. from above, it should be clear I want to gamble (which it is not, IMO all signals are on green when it comes to gold)
2. I am not interested in buying options on stocks for gold producing companies. As indicated above, I have those already and if I can find my way to that market once, believe me, I can get there again.
3. Just to be clear: Maximized leverage on the price of gold, besides above. TNX
2007-02-22 04:50:50 · 4 answers · asked by workandvacation 1 in Business & Finance ➔ Investing
There are two obvious directions, beyond the gold mining stocks. One is, technically, a mutual fund, but it is an exchange traded fund, so it sells like a stock. See the link below for Ishares COMEX Gold Trust--you are buying shares in physical gold.
The other, of course, is buying into gold futures. That is where a good commodities firm like Lind-Waldock comes in. The link below is for that. (Some really good educational stuff if you are not familiar with commodities trading) If you use their 800-number, I think you will get a fair shake if you ask for Oren Basse. (Tell him Rabbit sent you--I don't get anything out of it because I don't work there.)
2007-02-22 05:15:47 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
If you have account in some broker buy ETF called GLD.
You can also check www.bullionvault.com.
www.kitco.com is good choice if you are in USA.
You also can use some local coin diller.
Do not use e-gold, as there the spread is too big.
2007-02-23 09:06:25 · answer #2 · answered by nmmmnu 1 · 0⤊ 0⤋
I don't have any suggestions, really. I just use sharebuilder because it is clean and easy with alot of investing options: from safe to risky.
2007-02-22 13:00:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I like GLD ETF. that's a good starting point - todd shriber
2007-02-23 01:37:25 · answer #4 · answered by Todd Shriber 2 · 0⤊ 0⤋