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      03-01-2010, 06:20 PM   #23
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      03-01-2010, 07:45 PM   #24
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Quote:
Originally Posted by J-9 View Post
And Gold doesn't always go up. I made $4000 shorting it in January. Interest rates are low, so speculators bought into gold creating the bubble you see now. If I had more cash, I'd enter the short position again. Don't buy all the crap you hear about how it's the safest asset. It's a commodity that's just as volatile as oil.
I've got about 15k just sitting in my savings account and I was actually considering gold today. What would I need to do to "short it" and do I have enough to get in? And your $4000 return was on how much investment?
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      03-01-2010, 08:17 PM   #25
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Originally Posted by fatjoez View Post
I've got about 15k just sitting in my savings account and I was actually considering gold today. What would I need to do to "short it" and do I have enough to get in? And your $4000 return was on how much investment?
If you don't have a margin account, you could try going long an inverse gold ETF
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      03-01-2010, 08:49 PM   #26
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      03-01-2010, 10:50 PM   #27
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