Just wondering as a newbie, how does buying and selling commodities work?
Just say i wanted to buy an ounce of gold or a barrell of oil, how does this work? and is some dude gonna rock up to my joint at 3 in the morning and dump a barrell of oil in my driveway if i do buy a barrell?:confused:
:bier:
blue
Jikx
10th-October-2008, 11:56 PM
I actually bought a stock with the ASX code "GOLD". Basically, gives you a 1/10 share of an ounce of gold held in a bank in the US. Easiest way to get into it. Definitely the only glimmer in my portfolios sea of red ..
Someone with a bit more knowlege can detail you on other aspects (futures, contracts), I'm not too familiar with them unfortunately.
bluelabel
11th-October-2008, 02:59 AM
Hi again,
thanks for the reply, but that is actually a company that sells 1/10th shares in ounces of gold. i am talking about the actual bar itself, not a company. If i want to buy an ounce of gold on the market how do i do it?
:bier:
blue
tech/a
11th-October-2008, 03:58 PM
Maybe of help.
I know Nick Radge has a course on Futures as well.
With the benifit of if you do it you can ask him questions.
http://www.rb-trading.com/begin.html
jersey10
11th-October-2008, 04:13 PM
Maybe of help.
I know Nick Radge has a course on Futures as well.
With the benifit of if you do it you can ask him questions.
http://www.rb-trading.com/begin.html
tech,
do you have a link to Nick Radge's futures course. I can't find it on the chartist website.
Trembling Hand
12th-October-2008, 10:30 AM
The Futures contracts are probably to big to start trading in for anything less than short term and then only with big accounts (no less than $50,000 or greater)
Best to look for ETFs rather than futures.
Page
22nd-October-2008, 12:40 AM
Yes you can buy but you have to pay some margin............... for both the commodities.
Ageo
22nd-October-2008, 10:46 AM
Hi again,
i am talking about the actual bar itself, not a company. If i want to buy an ounce of gold on the market how do i do it?
:bier:
blue
Must have missed this, to buy physical bullion you will need to buy it from either a bullion house or a gold refinery. Where abouts you located in Australia (and no your not at my mums place as im here atm ;) )
MRC & Co
23rd-October-2008, 08:48 PM
Investopedia tutorial will explain futures fine.
If you can be bothered to spend 20 minutes reading it.
bluelabel
18th-November-2008, 11:06 PM
Investopedia tutorial will explain futures fine.
If you can be bothered to spend 20 minutes reading it.
Thanks for the tip, its a useful site, however there is one problem, i cant really find the right bit on futures, do you have a specific link i should look out for?
