Posted on: 08-11-10 17:58:43
With gold touching another high, i am thinking of selling some unused jewellery. if anyone has sold jewellery can they recommend the place,are there any precautions to take, and again is there any tax issue like capital gain tax etc.
Gold is expected to touch 1550-1600 per OZ before it really shows any major correction, pls share your views
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
Quote:
Originally posted by ashedfc
Watch this video "It explains a lot of the reasons" & than decide what to do with you personal Gold holdings. http://www.youtube.com/watch?v=VASDlVC59g0&feature=player_embedded#!
Last two weeks, gold price is down by 100 $ and correcting, presently at 1346 $. Let us see if it picks up next week.
Gold at 1380 $ today. Started rising once again inspite of weak stock market in US.
Quote:
Originally posted by ashedfc
Today is the Euro effect: Its falling like a rock.
Reason, after Ireland, now its the turn of Portugal & Spain. Portugal is smaller, but Spain is huge & the impact is shaking the currency markets. Keep in mind Gold/Silver is money (or a hedge against paper currency).
http://www.bloomberg.com/news/2010-11-23/irish-rescue-plan-turns-investors-focus-to-southern-europe-euro-credit.html</font>
I do not think it is a perfect hedge.
Euro rises and gold rises too at times. I have seen Australian dollar and gold rises together too.
Canadian GDP (Annualized ) has fallen to 1 %. Previous was 2.3 %.
Currencies falling, gold might go up further.
1425 $ strong resistance. This time if it does not break resistance, we shall see deep dip.
