wealthymatters

When To Buy Silver ?

February 3, 2012 1 Comment

If you are like me, the contents of the table here https://wealthymatters.com/2012/02/01/heart-stopping-silver-price-movements/ should be unsettling.But at the same time it shows how much money could be made in silver in relatively shorter periods and in a pretty passive way too.So the key to making some money from silver is to know when to buy it and when to exit it safely.The article below from yesterday’s ET should help a bit in buying and selling silver profitably.I have highlighted the parts I felt would be useful.

Silver’s path rarely smooth; don’t forget the dark clouds

Nidhi Nath Srinivas, ET Bureau Feb 2, 2012

Silver fell 44% last year, the most by any metal. Many punters in India lost their shirts. Silver is up 20% in January. Is it a good time to once again dip your toe in the water? ET helps you join the dots. Read more of this post

Filed under Precious Metals, Theory, Tool Kit Tagged with 200 days daily moving average, Bullion, postaday, Silver, Silver investing, silver prices

Advice For Speculators

February 3, 2012 Leave a comment

Below is a nice write-up I found here: http://www.numbersleuth.org/trends/.It has some pretty sage advice if you like to gamble or speculate.

Personally,while my brain can grasp the fact that Warren Buffett’s style of investing is the best way to make and keep money,I find it hard to control my urge to speculate.I deal with this problem by clearly delineating what resources I will gamble with and what I won’t ever hazard ,come what may.Next I’m willing to do what ever I need to to better my odds.Do read the article below;I have highlighted the important part.It will remind you of Rakesh Jhunjhunwala’s advice to buy with conviction.

Savvy Advice for Unsavvy Gamblers

wealthymatters.com Read more of this post

Filed under Paper Assets, Theory Tagged with business failure, gambling, postaday, Risk, risk reward ratio, speculating

Gold Facts

February 1, 2012 Leave a comment

wealthymatters.com

Filed under Precious Metals, Theory Tagged with Gold, gold consumers, gold ETF, gold investing, Gold Investment, Gold Jewellery, gold prices, gold producers, gold reserves, per capita gold, postaday

Heart Stopping Silver Price Movements

February 1, 2012 1 Comment

wealthymatters.com The table below is from http://www.indiagoldrate.com/india-highest-lowest-silver-price-history.htm

A study of the numbers below should give an idea of just how heartstopping investing in silver can be.Many many times worse than buying gold at peaks! Read more of this post

Filed under Precious Metals Tagged with Bullion, highest and lowest silver prices, investing in silver, postaday, Silver, silver price movements, silver prices

Highest And Lowest Prices Of Gold

January 29, 2012 1 Comment

wealthymatters The table below is sourced from http://www.indiagoldrate.com/india-highest-lowest-gold-price-history.htm .

After crossing the 29k mark when gold fell to around 27k it was pretty scary,especially when the fall in the Rupee against the Dollar seemed to lessen the extent of the fall in gold prices.The palpable fear in the press didn’t help one bit.Personally I held back a lot round last Diwali and this New Year.Perhaps looking at the chart below might have helped a lot then. Read more of this post