Forum Archive Index - January 2004

["Woody" <solarmax@optusnet.com.au>]

Macdunk and friends ( if you have any ) ha!

 

What you seem to not understand is that I bought Gold and Silver Options.  To give you an example I paid for each gold contract US$1200 and sold for US$8,000  now if you cannot see my profit there, regardless of exchange well here it is.

 

Paid US$1200 when AU$ was .65 =  AU$1846.00

 

Sold US$8,000 @ AU$ .75 = $10,666

 

Profit per Contract = AU$8,820

How many Contracts WELL! that is between God, MyBroker and I.

 

If anybody would like to learn about Options, and their cousin Leaps Ask and I will begin a forum with their explaination.

 

p.s I also bought Physical Gold, Stuck it in my safe and sold it for cash!

 

Woody

 

----- Original Message -----

From: Duncan MacGregor

To: sharechat

Sent: Tuesday, January 06, 2004 6:52 AM

Subject: [sharechat] gold question by macdunk

The year 2003 has come and gone.      The posters that have advised buying gold at the start of 2003 now Is the time to come out, and let us all know the result.         LAZY HAGGIS can I ask a few questions please?.    I have absolutely no Interest In the quantity you bought or sold, only how you went about It, where you got It, how much In NZ dollar terms, what the price was at the start of the year, and what It was worth at the end.      I can go on brokerage to buy and sell etc, the percentage of profit against what you made after expences.   
To keep It simple you bought 10 ounces of gold on the first trading day In jan 2003 and sold on the last trading day In dec.
The question Is open to all people buying and selling gold .     Its pointless saying Gold was worth this In US dollar terms and now It Is worth that when the dollar has dropped against ours making gold look much better than It really Is.
                                              cheers macdunk