Margin hike on gold imminent?

derryb

Won't affect my decisions, except maybe to buy more!

roadrunner

Well they haven't had 3 in one week and 5 in a month. So I say BRING IT ON.

A lot of margin players probably learned a good lesson on Silver in May. Doubt that traders are that margined on gold.

roadrunner

gecko109

I cant understand why margin buying is allowed at all. Pony up the cash or dont play. I doubt that I could get $50,000 worth of gold bullion from my local shop for $5,000 with the promise to pay the remainder at some future date when I decide to sell.

derryb

<< <i>I cant understand why margin buying is allowed at all. Pony up the cash or dont play. I doubt that I could get $50,000 worth of gold bullion from my local shop for $5,000 with the promise to pay the remainder at some future date when I decide to sell. >>


On the other hand, those darn speculators driving up the price does help offset the takedown's.

JCMhouston

<< <i>. I doubt that I could get $50,000 worth of gold bullion from my local shop >>



And you can't get it on the exchange either, you just get some paper with a promise that if you want to take delivery later they will give you some more paper since they probably don't have the gold.

Wingsrule

Do you use credit cards? In those cases, you are putting up ZERO and can walk out of a store with boatloads of stuff, only to promise to pay it at some later date.

At least with margin, you are putting some money up front.