QUOTE(izzudrecoba @ Mar 24 2012, 09:08 AM)
Hi blitz, you are advised to sell only the "profit" of the gold, as the buyback will be high in tandem with the increasing gold price. In your case, you made profit of rm600 (rm 30 x 20 g). If for uob, u have to sell minimum of 5 gram, which is roughly around rm830 - rm 850. Wait for u to make nett profit around that figure then u can sell 5gram.
Do consider that gold is a capital gain asset. Which means, you make money when you buy low and sell it at higher price. Note that for every trade you make, you pay a small commission called, "spread". Another note is, once you sold your yellow metals at high price, you may have to wait for a pull back before getting back a good "low-price" to re-enter position. If you do this a few times and are making good positive returns, then it is now a "trading" All the best in your precious metals investment.
Mar 24 2012, 11:45 AM

Quote
0.0444sec
0.63
7 queries
GZIP Disabled