Jul

30

I AM THINKING of investing in GOLD contracts but HELP me I don’t get this how much do you gain if it goes up 1

Filed Under investing 

Bob S asked:


Okay so like go to the first site below and look at the contract specs for gold in the list. THEN go to the next site and look at the gold chart okay so say pretend if you bought it at 750 and sold it at 800 how many dollars would you make that’s a gain of 50 whatever?

http://futures.tradingcharts.com/specs/summary.html

http://futures.tradingcharts.com/chart/ZG/W

Melinda

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    • Comments

    2 Responses to “I AM THINKING of investing in GOLD contracts but HELP me I don’t get this how much do you gain if it goes up 1”

    1. robert w on July 30th, 2007 4:38 pm

      if u can not explain ur intentions to a 15 yr old , don’t do it.
      great way to lose money - invest in something u don’t understand.
      make sure it is money u can afford to lose with a smile.

    2. b2fnow on August 3rd, 2007 2:18 am

      $50/oz gain x 100 oz = $5,000