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Giold Price

Discussion in 'General Business' started by hotguy640, Dec 3, 2012.

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  1. #1
    Hy, I am from nepal
    we have gold shope here and we usuall buy 2-3 kg's of Gold/ month.Sometime we get profit and some time loss coz, price decrease or increase the next day.
    So, my question is there any way to know the price of gold of next day(tomorrow)??
     
    hotguy640, Dec 3, 2012 IP
  2. sarahk

    sarahk iTamer Staff

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    #2
    No, unless you are psychic which you aren't.

    How much reading have you already done on the futures market and on trading metals? It looks like you have leapt into something before you've done your homework
     
    sarahk, Dec 3, 2012 IP
  3. hotguy640

    hotguy640 Greenhorn

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    #3
    no, i don't have any kind of knowledge.
     
    hotguy640, Dec 4, 2012 IP
  4. hotguy640

    hotguy640 Greenhorn

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    #4
    is there any way??
     
    hotguy640, Dec 4, 2012 IP
  5. sarahk

    sarahk iTamer Staff

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    #5
    Seriously you are trading Gold and you have no knowledge. Time to grow up before you throw even more money away.
     
    sarahk, Dec 4, 2012 IP
  6. hotguy640

    hotguy640 Greenhorn

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    #6
    we generally buy gold an make jewellery's and sell it.
     
    hotguy640, Dec 4, 2012 IP
  7. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #7
    Gold prices have to do with supply and demand. 50% of gold is used for jewelry,40% investments(vaulted gold,coins etc.) and 10% for dental usage and industrial,electrical purposes.
    When a new gold strike is announced prices drop. Last year 2011, gold was selling at $1,530 U.S. an ounce. It rose 12% to $1,713 by November 28 2012, a 12% increase. The demand for gold at present exceeds the supply. Gold prices will continue to rise for the foreseeable future.
     
    Spoiltdiva, Dec 5, 2012 IP
    hotguy640 likes this.
  8. hotguy640

    hotguy640 Greenhorn

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    #8
    thnx for your information
     
    hotguy640, Dec 6, 2012 IP