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ETF Streettracks Gold Trust
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xoefxoef
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18-Oct-2006 22:52
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Gold going up due to North Korea, China foreign reserves. |
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tanglinboy
Elite |
18-Oct-2006 10:11
Yells: "hello!" |
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GLD is top loser today.... | ||||||||||
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starfire
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18-Oct-2006 10:11
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If cannot use CPF OA to buy (unlike STI ETF), then i don't think the volume will be there. |
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xoefxoef
Member |
17-Oct-2006 15:18
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on SGX they are listed under GLD 10 US$. On NYSE listed under GLD. | ||||||||||
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starfire
Member |
17-Oct-2006 14:59
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How to buy this counter ? what is their trading code ? | ||||||||||
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xoefxoef
Member |
17-Oct-2006 00:35
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Investing in gold is made easy through ETF Streettracks Gold Trust. Now trading on SGX. Graph below shows price in USD over the past year. Now trading around USD59.- Price of gold is predicted to go up in 2007. China is expected to put more of the country's reserves in Gold. Foreign Exchange Reserves, now at nearly $800 Billion at the end of 2005 and expected to approach $1,000 Billion this year. Now the price of gold is relatively low as compared with the USD70 reached in May 06. Investing in the ETF Streettracks could be a good investment with low risk. Price could easily go up with 20 - 30%. On the downside price will stay around USD57.-. Think about it. Which stock at this time could give you more then 5-10%. |
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