Subject: Re: [sharechat] gold question by
macdunk Woody's Reply
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!
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
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