引用:

原帖由 ALeung 於 2006-8-20 01:51 PM 發表
不 是 專 家 之 旦 散 意 見...........

照 計 喱 個 調 整 差 唔 多,  有 專 家 話 下 月 會 再 次 開 車......
網 友 有 興 趣 可 以 分 段 買 入  實 金 實 銀, 金 幣, 金 條 ,銀 條/幣.....
千 祈 唔 好 炒 孖 展.....風 高 浪 急.....一 晚 隨 時 可 能 call 幾 次  ...

炒 孖 展 vs. 買 入 實 金 實 銀, 金 幣, 金 條 ,銀 條/幣 are two different ball games.  The former is for investors/speculators while the latter is for 牛頭角順嫂。If one is so scared of margin trading on gold/silver, one should stay out of this game altogether.  Buying 實 金 實 銀, 金 幣, 金 條 ,銀 條/幣 is not a viable investment.  Bank charges you  over 5% spread for smaller denomination gold coins and around 1.5% for gold bars.  This is a good way of making the bank rich.

On the other hand, gold margin trading has a spread of 80c per T. Oz or lower which is around 0.125%.   If margin call is a concern, then put in 100% margin.  After all, you pay 100% for buying  實 金 實 銀, 金 幣, 金 條 ,銀 條/幣 anyway.  

My advice is, if you are scared, just stay out of this trade.  DO NOT buy physical gold/silver bar/coins.  You have no obligation to make the bank rich.

引用:

原帖由 ALeung 於 2006-8-23 07:50 AM 發表


希 望 拋 磚 引 玉.........
投 資/投 機 最 主 要 是 想 賺 錢....或 保 本.......
利 用 槓 桿 做 孖 展 買 賣 , 風 險 亦 因 而 增 大,
每 個 人 都 希 望 低 吸 高 沽, 獲 取 厚  ...

I was talking about the two different instruments to speculate on gold.  My advice was, if you really need to buy physical gold for fear of margin call in the case of margin trading, your alternative is to buy the same amount of gold using 100% margin but using the instrument called "margin trading".  If you want to buy 25 T Oz of physical gold, you need to put up $623 X 25 = $15,375 plus whatever extra spread the bank charges you.  Alternatively, you can buy 25 T Oz of gold using so-called Margin Trading, but put in $15,375 margin.  You don't get margin call.  You trade exactly how you want to trade as if you had bought physical gold.  So does it make it any riskier than physical gold?????  In the end, you are only paying 0.125% on the buy/sell spread (plus a little interest spread of course).

My advice remains, if you want to invest in gold and buy physical gold bar/coins instead of margin gold because you are scared, forget it.  This is not for you.  Go do something else.

The only alternative that might be viable is to buy paper gold.  The spread is probably less than 1%.

[ 本帖最後由 dejavu2003 於 2006-8-23 09:57 AM 編輯 ]

引用:

原帖由 ALeung 於 2006-8-24 03:28 AM 發表


...............................................................
由 700 買 上 但 今 次 調 整 浪 到 540.- 是 否 已 經 要 止 蝕 好 幾 次 ?
或 者 你 可 以 講 你 唔 比 我 700.- 買 落....咁 到 540. ...

You failed to understand a simple analogy of the risk factor between the two.  You just assumed that if you buy physical gold/silver, you have a less risk.

If you don't understand margin trading or haven't done it before, that's fine.  Just don't recommend people to buy gold coin/bar.  

I have done both, and still licking my wound with my silver bars that are underneath my bed.

引用:

原帖由 ALeung 於 2006-8-24 12:10 PM 發表


Sorry to know you are the one that failed in this transation, as you are still licking your
wound for the silver bars that you are now holding. Good luck to you .
Certainly "timing" ...

Let me put this in simple english.

Investor S (stands for stupid) has $100K and he put it into gold coins (or 金牙,金戒子)，He pays a stupid amount of charges to the bank.

Investor T (stands for thrifty) also has $100K and he goes for gold margin but only long $100K worth of gold.  He pays enough margin or even the full $100K to ensure there's no margin call.

Scenario 1 - Gold price rises and both sell at the same price.  Investor S makes money if he's lucky enough that the profits covers the exorbitant charges.  Investor T makes money less the 0.125% spread.

Scenario 2 - Gold price falls and both cut loss.  Investor loses money in addition to the exorbitant charges the bank charges him.  Investor T loses money and in addition loses the 0.125% spread.

So, what has risk management to do with it.  Does that mean holder of physical gold needs less risk management?   

My wound was when I was a S investor in 1979 or 80 when physical silver is the only way to invest in silver.  By licking my wound, I don't mean resenting losing money, but resenting being a stupid investor by paying Johson Mathey 7% premium over the market price.  Over the years when I tried to sell, I couldn't find a taker, or someone who wants to discount 7% from the market price to take my silver bar.  Isn't this stupid enough?  

I have done extremely well with my gold margin over the years, thank you.  It's not about whether you make money or lose money because you may read the market wrong.   You could have made much more (or lose less), with the same amount of risk.  

Other brothers, please DO NOT BUY PHYSICAL BULLION.  If you are scared, do something else.

[ 本帖最後由 dejavu2003 於 2006-8-24 12:30 PM 編輯 ]