Gold Investing 2010

how do you invest in gold futures?

I believe that gold will be $2000. an ounce by Jan 2010. How does one go about making that bet with futures contracts?

The two futures contracts are GC and ZG. GC seems to be more liquid most of the time. Just keep in mind that leverage works both ways. With gold at 968, a single contract will show a profit of $103,200 if gold goes to $2,000. But if we pull back to 800 first, the loss would be $16,800.

Leverage in gold futures always kills me, because I can’t stand the pain of a $30-50 down move in a day exactly at the wrong time (5 minutes after I buy). I can be right as to direction and still lose money before it happens.

Options of futures would be another GREAT for your scenario, since it is specific as to time and price.

David Morgan Gold & Silver Investment Outlook 2010

A Guide Book of United States Coins 2011: The Official Red Book (Guide Book of U.S. Coins: The Official Redbook) $3.87 This book includes everything you’ve ever wanted to know about US coins! (ISBN 0794831494)…

Hard Money: Taking Gold to a Higher Investment Level $19.07 An in-depth guide to making gold (and precious metals like silver) a serious part of your portfolioAs the global economy continues struggling with financial challenges (deep unemployment, anemic growth, massive government debt, volatile markets) not faced in generations, the logic of holding part of your wealth outside the financial system is compelling. Gold is the only viable and liquid investme…

Silver – The Investment Of The Decade 2010-2020 $8.99 This work has been created to give you a glimpse into the future by looking at things in the past and the problems we face today. The past is a mere guide and history continues to repeat itself over and over but with a different twist every time. With things in constant change, never remaining the same, this creates the need to stay updated on what’s actually going on in the world, which allows yo…