Tips to Buy Gold?

Investing in gold it could not be done any way to buy, buy, and continue to buy when prices are down. Before buying, investors should know when gold will be sold.
Why is that? Stock and Option Strategist Profit Guide Doni Prabawa Institute, in Jakarta, Saturday (09/10/2011), provides some important tips to invest in precious metals.
First, he suggests, do not buy gold premises to "blindly" when there is a chance. "Note the pattern of movement (gold price). Use money management is good, "said Doni to Kompas.com.
What does he mean good money management? Doni said, if people have the funds, such as USD 100 million, should not all be spent to buy gold. Should be divided to fund other investments."Yes diversification (investment)," he added.
Second, people need to remember or always assume that gold remains a commodity whose price can go up and down. "Before you buy gold, we have to know when we want to sell," said Doni.This should be known, either a loss or profit.
Then, when the best time in buying gold? Against this, Doni has a number of additional tips. "Consider the technical indicators. That is, we need to see the graphics, "says the author of a book with the title of Stock Investment Safe and Fun Elex Media Komputindo this issue.
Requirement is a basic condition in which investors can look at historical gold prices through, for example, Elliott Wave technical analysis. Then, combine technical analysis with fundamental factors. That is, investors should be careful with info, market info and news available. Understandably, the higher gold price today, because it is affected by the crisis situation experienced by the European Union and the United States. Thus, market participants should know this too.
According to Doni, the possibility of substantial gold prices rose.For this year alone, he predicts gold prices likely to touch U.S. $ 2,000 per troy ounce (equivalent to 31.1 grams).
"Past 10 years (for a decade), early November to late February, the gold is always positive (price movement)," said he suggests opportunities for gold prices continue to rise towards the end of it open to see its historical side.
Moreover, coupled with the crisis in the U.S. and Europe. "Often the technical fundamentals (that) fit," he added, "with a (tips) we are baseball buying (gold) anytime," said Doni. source: kompas.com

please give me comments thanks

Posted in: Business,Gold as an investment,Investing,Precious metal,Technical analysis