To buy gold futures?

To buy gold futures?
Jan 9, 2008 00:16
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	According to the news, China gold futures started its debut on the Shanghai Futures Exchange (SFE). Yesterday, the SFE released its benchmark price for gold futures set at 209.99 yuan per gram. It is said that seven contracts were trading on SFE. Those analysts say that the limit for its debut day was set at 10 percent. Also investors would need at least 24,000 yuan to secure a futures contract, as most futures brokers would ask for a 12 percent cash deposit for each contract. Forget to say, Trading was from 9 a.m. to 11:30 a.m. and from 1:30 p.m. to 3 p.m. Beijing time each weekday. Meanwhile, analysts estimate that gold futures might be rising in the near future due to the high crude oil price, weak US currency and potential inflation risk. However, investors should understand that futures are riskier than shares. Just be rational in doing investment. From those analysts' words, we see that soaring crude oil price and weak dollar make gold more valuable. Is it another 'Gold Rush'? What do you think of gold futures? Will it be as popular as shares on mainland?

Jan 9, 2008 00:16

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

According to the news, China gold futures started its debut on the Shanghai Futures Exchange (SFE). Yesterday, the SFE released its benchmark price for gold futures set at 209.99 yuan per gram. It is said that seven contracts were trading on SFE. Those analysts say that the limit for its debut day was set at 10 percent. Also investors would need at least 24,000 yuan to secure a futures contract, as most futures brokers would ask for a 12 percent cash deposit for each contract. Forget to say, Trading was from 9 a.m. to 11:30 a.m. and from 1:30 p.m. to 3 p.m. Beijing time each weekday.

Meanwhile, analysts estimate that gold futures might be rising in the near future due to the high crude oil price, weak US currency and potential inflation risk. However, investors should understand that futures are riskier than shares. Just be rational in doing investment. From those analysts' words, we see that soaring crude oil price and weak dollar make gold more valuable.

Is it another 'Gold Rush'? What do you think of gold futures? Will it be as popular as shares on mainland?

Jan 25, 2008 10:22	#1
GUESTHYIP-LI...	Good day Don`t think it will be easy! You must start from somewhere. The beginning is every time hard. But When you have the right teacher, and the right / usefully places it can be easier;)

Jan 25, 2008 19:41	#2
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	Sure, buy gold futures if you want to gamble.

Jan 26, 2008 17:02	#3
GARYKINKADE Points: Join Date: Jan 8, 2008 Status: Offline	Gold futures? Uh----Think I would prefer to have the real thing tucked away somewhere thank you.

Jan 26, 2008 18:00

MARRIE
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Join Date: Jan 7, 2008
Status: Offline

Shanghai Gold Futures ex in on The Bund, 15 mins driving from my home.

buy gold PAUL, GARY if u guys have money, it's not gamble, it's ultimate assets since U$ refuses to stop depreciating

commodity futures (crude oil, zinc, steel,siler, urainum lead,etc) surge coz of booming of china economy, at the same time US is the other big demander of resources. i think CANADA hard currency benefits a lot from it - ALBERTA mining industry..

Jan 26, 2008 19:36	#5
GARYKINKADE Points: Join Date: Jan 8, 2008 Status: Offline	Speaking of commodity futures--I just came off the web site called Hard Assets Investor because of an article by Rogers that was dated 4/2007. Don't even know why I'm reading this stuff with my $1.298 in the bank but it is interesting though. Thank you for the advice.

Feb 3, 2008 09:18	#6
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	Marrie: I would suggest that the US is not refusing to stop depreciating, but that market forces are finally being applied. Other nations and large bsuinesses are no willing to keep lending to a big spender with a declining economy. The other side of the coin is that the US government/federal bank is no longer able to prop up the dollar.

Feb 3, 2008 14:58

MARRIE
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Join Date: Jan 7, 2008
Status: Offline

Paul, Gold is the last safe haven for investors since Dollar is losing its values as Reserve Currency. Credit Crunch is just a catalyst of a bigger breakdown. I am not capable of looking into if financial structure itself has got inevitable deffects. So I am reading what Soros says on this below. Probably the predicted collaps of U$ could leave much room for curreny speculation. Soros is a big player in curr mkt.

Soros Sees End of Dollar as World's Reserve Currency
Bloomberg.com
Edward Evans and Simon Kennedy - 1/23/08

Billionaire investor George Soros said the fallout from the U.S. subprime crisis will bring about the end of the dollar's status as the world's reserve currency.
"The current crisis is not only the bust that follows the housing boom, it's basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency."... "Now the rest of the world is increasingly unwilling to accumulate dollars."...
The U.S. currency has dropped 11 percent against the euro and 13 percent against the yen in the past year. It has declined in five of the past six years...
Soros made $1 billion in 1992 betting against the pound...
The euro has gained 55 percent against the dollar since Bush entered the White House on January 21, 2001...
In January 2004, Soros said the U.S. Currency would drop for a third year. It then fell 7 percent, according to a Federal Reserve trade-weighted index of the currency...

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