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The Gold thread
#1
Gimme that old time religion:

JSE Finance Forum Attachment - Filename: 2016-06-09_16-14-37.jpg   

I thought it be a good idea to have a thread dedicated to the gold price and general gold trading/investing.
If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.

#2
Because you a pirate?

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#3
Ay! Maity
If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.

#4
Gold spiking like it's nobodies business over the past 30 minutes.

Somebody clearly knows something I don't, as per usual Sad

Read somewhere that Brits have increased their spent on gold investing and physical buying the past month, just in case Brexit becomes real.

#5
When the JSE is down over 1% I would expect gold to skyrocket.
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#6
Really stupid question...remember Im a noob! How do you invest in gold... do you have to buy shares in a mining company? Or can you buy 'gold' shares?


#7
As a pirate I own some real gold, Keep it ssushhh.

As for me buckos, you can either buy the mines that make the treaaye or you can buy a ETN that tracks it example http://etfcib.absa.co.za/products/exchan...fault.aspx the NewGold Exchange Traded Fund

Alternatively you can start collecting Krugerrands, which you can purchase through companies like the South Africa Gold Coin Exchange (http://www.sagoldcoin.com).

You can buy smaller Krugerrands such as a 1/10 ounce coin, which would cost about R2400 now depending on the gold price at the time. ( http://www.scoinshop.com/en/shop/1-10oz-krugerrand/ )

That same coin was R900 in 2010 when I bought it.
If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.

#8
Okay! Thanks for the info!

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#9
Aye for ye Doubloons!
If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.

#10
(06-10-2016, 09:59 AM)PirateJack Wrote: Aye for ye Doubloons!

This made me think of Monkey Island Big Grin

#11
(06-10-2016, 10:00 AM)Purply Wrote:
(06-10-2016, 09:59 AM)PirateJack Wrote: Aye for ye Doubloons!

This made me think of Monkey Island Big Grin
You are giving away our age! Lol


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#12
"I'm Guybrush Threepwood, mighty pirate..." Legendary games

#13
(06-10-2016, 11:13 AM)Sebulba Wrote: "I'm Guybrush Threepwood, mighty pirate..." Legendary games

That it was Smile

#14
What stocks do you guys buy for gold?

I see the suggestions are

JSE:HAR
JSE:SGL
JSE:CFI
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#15
I've traded in them all, including PAN, ANG and DRD

Mostly used HAR and SGL in the past, but have since moved onto DRD as I feel they have greater potential currently, especially with their March 2016 Q due today.

Btw it's GFI , not CFI






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