What has not changed much in terms of purchasing power since the time of the Roman Empire – Why the price of gold. Few people know that getting a Roman legionnaire in its entire local bazaar togged would have a share roughly the same weight of gold, as you would in today’s society of high technology had its clothes.
Thus, after the tooth was the downtime with the value of millennia, gold plays an important role to play today. With all the misery that mankind has been through a mixture of fear and greed, if all else fails, turning occasionally gold for safety.
Since all major currencies in the world today to continue the gold standard, which is worth one U.S. dollar, dinar, euros or pounds sterling stack, such as inflation reduces steadily their real value?
Is it any wonder that) the price per ounce of gold (in memory most people once worth $ 35 an ounce, as events such as 9-11, and now rising prices of crude oil ever, the various conflicts around the world, not to mention the danger of terrorist attacks has also increased this year to over $ 900 per ounce, reaching the astonishing sum of $ 1002 on March 3 this year.
What is more disturbing, or perhaps very opportunistic, as gold prices have increased this year alone of $ 840.14 in early January, the height, and by the middle of the year is still negotiating approximately $ 883 per ounce
But – look in recent months, in line with bad news, oil prices, dollar and falling values such as the price on the value of the dizzy heights of up to $ 1004.62 $ 862.45 sawn see
What an opportunity for speculators … Massive changes in the value of gold from a high of $ 1006 per day at $ 847.84 after a few days later for $ 935 a few days.
OK, if someone has $ 165.86, made as an ounce of gold purchased by the gift of the year, and sold it on March 3 (assuming that their government to buy gold bars!)
But now, look at the power of leverage to trade in gold …
In contrast to trading in foreign currencies into gold much more volatile, but significant losses can be as dramatic as the huge profits to be used, so make sure you know what you do before you embark on this exciting activity!
Because gold is usually quoted in terms of dollars, a price of $ 876.38 an ounce Each point up or down by two known as a comma, or PEP. Like most dealers have a trade standard amount of $ 100,000 by PIP is worth $ 10 (0.01% * 100000).
So if you have a business, buy gold, say $ 849.01 and if you actually executed the trade, the value is now $ 851.28, which will pass 227 points, or pips.
If you invested $ 100,000 for trade, it would be about $ 2270 profit or 2.7% (less gaps commissionsor).
Well, say, the trading platform you use, you can use a margin of 100:1 on your investment. This means that a trade of $ 100,000 instead, you just risk $ 100 or more of your own money. So now your profit is $ 2270 on the previous transaction, but a huge gain of 227%
Just to really get into a trade without scruples of $ 1,000,000 in gold to 100:1 at $ 836.92 and run as gold trade, where the order of $ 987.88. The 15,096 to 100 per pip pip!
If you have a capital of $ 150,960 might only $ 1000.
However, these types of changes is not every day, but very violent fluctuations due to normal and pleasant regularity. In particular if oil skyrockets to about $ 150 a barrel!
Another thing! It is simply too much money, if gold prices decline, as to make price increases. How? Easy. You buy on the way, and sell on the way down.
But – before you go and risk the shirt of his back, make sure your attention, understand what you do – and seeks help and advice from different clubs, or Forex trading online or better yet go to a real live club.
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