Question about Gold, and other stones......?

Question

hi i want to go into the gold business. i want to buy gold (stone, or jewlerry) and then sell it after a while becuse the price goes up every day hugely.

from where should i start ?

thank you sorry for bad englisch

Answer 1

Buying the actual gold is a terrible way to speculate on gold's value. Gold futures are available in many forms from several financial markets.

That being said, please make sure you understand that what you are planning is unbelievably risky. You don't think the price of gold can go down? You think it's a stone-cold lock it is going to go up? What you are proposing is gambling, pure and simple.

Good luck to you.

Answer 2

You must start by studying temporal and spatial arbitrage.

If you don't know what that means, spend a few months studying it first.

Businesses which buy gold and other used jewelry and resell them, usually purchase them for pennies on the dollar on the current value, and try to sell them right away, rather than hold and wait until the value of gold goes up.

This is because the value of gold can go down also.. Nobody can predict it, except that it will go up and down.

When the price of gold goes up, it is because the value of money has gone down. You will most certainly sell it for more, after holding it for many years, but the money you receive for it, will still purchase approximately the same amount of goods.