Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

GOLD member

Reply
aaronbennett
Contributor
I just read on Bloomberg that gold has fallen for the 3rd day in the asian markets. What implications would this have on us? I ve seen the "boom" in recent gold miners shares, and unfortunately im still to cautious to have investor my excess capital into that.... unfortunately Im riding a down hill spree with CFR, which is not wonderful because its the first shares I bought.... BUGGAR!!! haha Im considering looking at buying shares in SIM? I still think it is undervalued and could rise... but like i said.. still a beginner.. haha thanks
0 Kudos
5 REPLIES 5
Not applicable
to invest in any gold share, gold has to consolidate above $900
0 Kudos
aaronbennett
Contributor
so basically your saying caution be the word?? maybe a possibility for new buying opportunities....
0 Kudos
richardw
Super Contributor
Ignore gold. It could make you rich but it is just as likely to make you mad, drooling into your soup. Governments, hedge funds, jewelery - all these mad things come together with gold, to make an unpredictable snake that bites you when you hug it.
0 Kudos
Not applicable
Like clockwork, the london exchange takes the wind out of the gold rally's sails. Momentum, I concur with the $900 consolidation, but at what rand/$ price do you think it has been factored in?
0 Kudos
Not applicable
gold in rands need to consolidate above R305'000 per kilogram, bad news though, india one of the major importers of gold, bought 90 % less gold in jan 2009 compared to jan 2008, they bought only 1.2 metric tons in jan 2009, jan 2008 they imported 18 metric tons of gold
0 Kudos