Dubai Forums Dubai Discussions Dubai General Chat

Posted: Mon Oct 26, 2009 3:59 pm Post subject: Gold Profits

--------------------------------------------------------------------------------



Back to top


Anosh
Dubai Forums Talker


Joined: 30 Mar 2009
Posts: 178

Posted: Mon Oct 26, 2009 4:08 pm Post subject:

--------------------------------------------------------------------------------

so, when it will go down Planning to buy...

Back to top


hack88
Dubai Expat Helper


Joined: 20 Jul 2006
Posts: 406
Location: Sharjah, UAE
Posted: Mon Oct 26, 2009 5:23 pm Post subject:

--------------------------------------------------------------------------------

Anosh wrote:
so, when it will go down Planning to buy...


Well , Its actually expected to rise as China is planning to increase it's gold reserves. They are eventually planning to hedge currency to gold .
5000 tonnes is what they are looking at the moment.
_________________


Back to top


Anosh
Dubai Forums Talker


Joined: 30 Mar 2009
Posts: 178

Posted: Tue Oct 27, 2009 9:58 am Post subject:

--------------------------------------------------------------------------------

OMG - 5000 tonnes. So they are planning to become SUPERPOWER

Back to top


monadtweety
Dubai Forum User


Joined: 23 Apr 2009
Posts: 24

Posted: Tue Oct 27, 2009 3:23 pm Post subject:

--------------------------------------------------------------------------------

Anosh wrote:
so, when it will go down Planning to buy...


it will never go down
it is gold

Back to top


FTD
Dubai Forums Frequenter


Joined: 29 Jul 2007
Posts: 132

Posted: Wed Oct 28, 2009 10:51 am Post subject:

--------------------------------------------------------------------------------

You've got the power to know

Back to top


Adil_88
Dubai Forum Visitor


Joined: 26 Oct 2009
Posts: 12

Posted: Thu Oct 29, 2009 12:29 am Post subject:

--------------------------------------------------------------------------------

nice

Back to top


shalike
Dubai Forum User


Joined: 16 Nov 2009
Posts: 18

Posted: Mon Nov 16, 2009 10:55 am Post subject:

--------------------------------------------------------------------------------

gold price can go down some day

Back to top


hack88
Dubai Expat Helper


Joined: 20 Jul 2006
Posts: 406
Location: Sharjah, UAE
Posted: Mon Nov 16, 2009 12:59 pm Post subject:

--------------------------------------------------------------------------------

Hello Viewers

I'd like everyone to know that gold has reached a price of $1130 per ounce ( AED146.37 per gram )

It is still expected to increase , We have a free seminar in our office premises on Tuesday 17th November from 9am to 9pm



Please contact the number on the image for more details

Back to top


hack88
Dubai Expat Helper


Joined: 20 Jul 2006
Posts: 406
Location: Sharjah, UAE
Posted: Mon Nov 16, 2009 1:01 pm Post subject:

--------------------------------------------------------------------------------


http://www.postimage.org/image.php?v=PqRX9L0

it is troy ounce (31.xx grams), not ounce (28.xx grams). now it's about 135 AED per gram ( http://www.khaleejtimes.com/forex.asp )

unbelievable! it's like 50% increase from 12 months ago (90ish/gram). but beware profit taking. i think it will go down a bit within short time. unless the dollar keeps crashing.

xty wrote:it is troy ounce (31.xx grams), not ounce (28.xx grams). now it's about 135 AED per gram ( http://www.khaleejtimes.com/forex.asp )

unbelievable! it's like 50% increase from 12 months ago (90ish/gram). but beware profit taking. i think it will go down a bit within short time. unless the dollar keeps crashing.

Its on $1131 PER OUNCE ,

It can surely drop as corrections,
You can visit us anytime for a free consultation session about online trading in the international market.

Thank you

http://en.wikipedia.org/wiki/Troy_ounce

one troy ounce is 31.1035 grams (g), about 10 percent more than the avoirdupois ounce, which is 28.3495 g.

To maintain purity standards and common measures across time, the troy ounce was retained over the avoirdupois ounce in the weighing and pricing of gold, platinum, silver and gunpowder.

http://www.troy-ounce.com/

When someone speaks of something weighing an ounce, the chances are, that they are referring to an Avoirdupois Ounce. Unless, that is, they are referring to an ounce of gold, silver, platinum, gemstones or gunpowder: In which case, the chances are, they are referring to a Troy Ounce. The two ounces are not the same!

The prices of Gold, Silver and Platinum
we hear quoted in the commodities markets, are for Troy Ounces. However, not everyone knows the difference; and if you are buying precious metals - for example gold bars online, or perhaps gold and silver on eBay (maybe with a view to profiting from an item's scrap value), you really need to be sure which type of ounce you are getting - because a Troy Ounce is over 9.7% heavier than an Avoirdupois Ounce!

An Avoirdupois Ounce is exactly 28.349523125 grams - or 437.5 grains
A Troy Ounce is exactly 31.1034768 grams - or 480 grains