Prices Down, Gold Back Hunted?

JAKARTA, Make Money Blog $ - Traders initially wary of gold when the gold price ramp. Alay, shop owners and shop Lemabang Jaya Jaya Palembang in Palembang, meant to restrict the sale of gold jewelry than losers. You see, some of his stock purchased when prices are still high. But he failed to do so because many buyers are chasing gold at low prices. 


So he took off stock. "The cycle of money must go, while many are buying. So baseball was chased big profits," his story to KONTAN, Thursday (09/29/2011). However, he still gain profit from the best-selling. Profits also came because many buyers willing to buy gold with levels and lower weight.
He gave an example, one tribal jewelry containing gold (6.7 grams) sold at USD 3 million, with capital of Rp 2.8 million. But, half the price of gold higher rates, from USD 1.6 million to Rp 1.7 million."The more that buy" small pieces ", we can take profits," he explained.
This week, Alay can sell the jewelry at least 67 grams per day and earned a profit of at least Rp 2 million a day. In fact, when prices are high, it is usually only able to sell 30 grams per day.
Traders are also reaping huge profits by selling low-grade gold jewelry. Was any difference per level, there are differences in the price of Rp 40,000-Rp 60,000. But now, the selling price of gold yield of 91 priced at Rp 3 million per tribe. The gold price is now 92 yield Rp 3.2 million per tribe. That is, the difference in price to $ 200,000.
The only obstacles she faced only distributor that holds the supply of gold. However, keep trying menyetok Alay gold batangan.Dengan so, when gold prices soared again, he could reap additional profits from sales of gold stocks that he bought at a cheaper price.
Gunawan, gold shop owners in Pekanbaru, also experienced a surge in sales. He could sell at least 100 grams of gold a day."Rather than August, sales rose more than 50 percent," he said.Buyers are mostly from urban areas than Pekanbaru.
"The high prices are still purchased, especially when the cheap. People buy the cheap so they'll fit the high gold could sell," he said.
Alay, Gunawan, and other jewelers in the area generally know the price fluctuations of gold from the internet, is commodities trading in London. Starting at 09.00 am, the information is spread to local merchants through a mobile phone or BlackBerry. Uniquely, they just started selling at 12 o'clock, after gold prices stable. (Maria Rosit / Cash) source: kompas.com
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