Gold Trading 101: All I Want For My Birthday Is GOLD!!!
September 17th is my birthday. And though I should be relaxing and enjoying the day, most likely I will be working as I have to deliver a ring to a client, head to the factory, fulfill some new orders, and work on new pieces for my next diamond and jewelry show at the end of the month in Shinjuku (Tokyo, Japan).
Is there anything out there that I want for my birthday? Well, other than a long holiday in Thailand, the only thing I can think about is gold and some silver. Luckily for me, the markets took a nice dip today and have offered me a chance to buy in and work on my average. Could it go any lower? Yes it could, but in the long term if you look at history and human nature, I only see the price going up. So instead of buying more “Stuff” that I don’t need, I will go out and buy another gold bar or two.
By Mark Hiroshi Willis
Specializing in 1 carat and up diamond engagement rings and diamond jewelry.
Keywords: Diamonds Tokyo, Gold, Silver.
Gold Trading 101: Another Day of Buying Gold and Silver in Tokyo.
Today I went with another friend to buy some more physical gold and silver bars. It seems that I have been quite lucky lately. When the markets in Tokyo opened today, the price was at approximately $1,828 per ounce. As I look at the charts and how the prices are going up in the US market ($1,878 as of this writing), I only wish I had bought more. Is it my vast experience and knowledge of the precious metals market that helps me catch these trends? Nope, it is just luck and knowing that the long term trend for gold and silver is up, up, and up.
Just for your information, did you know that starting from September, we historically see an increase in Gold prices to the end of the year? Take a look at the data below:
2005 Sept. 1st = $439.60, Dec. 1st = $513.60
2005 $Increase = $73.40, %Increase = 16.70%
2006 Sept. 1st = $621.00, Dec. 1st = $632.00
2006 $Increase = $10.95, %Increase = 1.76%
2007 Sept. 1st = $672.00, Dec. 1st = $833.75
2007 $Increase = $161.75, %Increase = 24.07%
2008 Sept. 1st = $822.25, Dec. 1st = $869.75
2008 $Increase = $47.50, %Increase = 5.78%
2009 Sept. 1st = $955.00, Dec. 1st = $1,087.50
2009 $Increase = $132.50, %Increase = 13.87%
2010 Sept. 1st = $1,246.50, Dec. 1st = $1,422.00
2010 $Increase = $175.50, %Increase = 14.08%
According to my friend, the wait to sell scrap gold was 4 hours at a popular gold dealer in Tokyo. But if history repeats itself (and we have the data to back it up), wouldn’t you want to go and “Buy” gold rather than “Sell” it?
By Mark Hiroshi Willis (Tokyo, Japan)
Specializing in 1 carat and up diamond engagement rings.
info@diamonds.co.jp
