Gold Market?
I would like to obtain into the gold open market but I'm not sure how to start.Any suggestions?
Answers: Opening an account beside a commodities broker and purchasing contracts is indeed one way to do it, however it is risky and requires an in-depth know-how of the futures market. You might want to consider first performance a standard brokerage account next to Scottrade or a similar discount broker and purchase the ETF that holds gold bullion, symbol: GLD. This is the easiest process to purchase gold, and much smaller number risky than dealing with futures contracts. Just a thought, I hope it help!
Best of luck!
Brendan Prewitt
President, New York Capital Investment Group LLC
You should have asked this query a few years ago when you could have bought gold ingots for under $300 an ounce. Or even 2 years ago when you cold own done so for $550. Or one year ago when it was at $650. It never cease to amaze me how people want to buy a commodity or stock AFTER the price have run up. People who do that are called lemmings. And we adjectives know how lemmings end.
What rules does the SEC have to put brakes on a down tick in the stock market?
Answers: The down tick rule was abolished last summer.
Exchanges not the SEC have rules to limit trading in the event of a major exchange decline.
Well one way is to only allow shorting stocks after an uptick.
What is a Money Market Account?
Answers: A money market account is a type of savings account offered by banks and credit unions just like regular savings accounts. They usually have higher interest rates and allow limited withdrawals per month. You can typically write a few checks a month on them.
They are also offered by mutual fund companies. I have one with Vanguard that does not limit the number of checks per month, put each check must be for $250.00 or more.