Yesterday, I cut my loses. I bought 100g last month RM174/g and I sold at RM166/g. Then I buy again 100g at price RM161.54/g. Do I doing the correct action for long term investment?
this is totally wrong. For me i hold the real gold in my hand. You bought the gold at high price n sell the gold at lower price, u loss some money. Keep repeating this will make your money less and less. Lets say if you invest 2k into gold acc, buy high sell low n keep repeating this, maybe after 1 year the money u invest (2k) become 200 and from the begining till the end. You didnt get anything except losses. This is the reason why i buy real gold. No matter the gold price drop or raise, the gold still with me and i didnt loss anything. The value of the gold drop? I dont think so, as i see what happened these few days, all the seller suspend their web server or they just put 'out of stock'. It means that at this time, you got money also cant buy the real gold with the current spot price, unless you offer higher price.
I know buy/sell within a month is not long term. I just to cut my loses.
If I not sell, on paper my loses will be RM174 - RM162.63 (current buying price at PB) = RM11.37 BUT coz I sold, my lose -> RM174 - RM166 = RM8.
Then I buy back RM161.54. With current buying price at PB now is 162.63, on paper I get profit RM1.09.
So on paper right now, my total lost is only RM8 - RM1.09 = RM6.91 (NOT RM11.37).
yes i know what u mean. What i mean is, if u keep repeating to cut your losses, in the end you got nothing to hold in your hand except the gold saving passbook with no value. RM6.91 per gram, lets say u have 20g in your account. You will loss RM6.91x20g= RM138.20. When the gold price drop and you keep 'cut losses', in the end you got nothing left except the gold saving passbook. I just let u know what is the difference between buying physical gold and paper gold
no need guess the price will go up or down. Just go get a physical gold n put it under your bed but all the online gold n silver supplier now 'out of stock'. Pattern banyak banyak, got money also cant buy now
Sep 27 2011, 09:41 AM
Quote
but all the online gold n silver supplier now 'out of stock'. Pattern banyak banyak, got money also cant buy now 
0.0512sec
0.58
7 queries
GZIP Disabled