Trading for Dummies
Feb. 8th, 2019 11:52 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
glocka"The simplest, surest trading strategy in the world is just to go back and forth between stocks and gold.
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When you could buy the Dow for 5 ounces of gold or less, you bought stocks. When it took 15 ounces or more, you sold them."
If you’d begun with 10 ounces of gold and followed this strategy, you would have 585 ounces of gold in just 6 transactions!
...
When you could buy the Dow for 5 ounces of gold or less, you bought stocks. When it took 15 ounces or more, you sold them."
If you’d begun with 10 ounces of gold and followed this strategy, you would have 585 ounces of gold in just 6 transactions!
no subject
Date: 2019-02-09 06:06 am (UTC)I wonder, they mention GLD, do they mean it will go up any time soon? It's been around 120 for about 6 years.
no subject
Date: 2019-02-09 07:20 am (UTC)It measures price of DOW in ounces of gold, and the trigger to buy stocks can be due to either price of gold increasing or price of DOW dropping, or both growing or both dropping at different rates.