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jdog2050
Joined: 17 Dec 2006
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 Posted: Tue Feb 24, 2009 8:57 pm Post subject: Ok, just set up a Shinhan Gold Issue account |
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Super easy since I'm already a customer. Filled out some forms saying that I realize that the price fluctuates and that was really about it.
New info: If I'd have gotten the account when I'd found out about it, I'd be up 70,000 won.
Also, they will send you a text if the price of gold goes higher or lower than 30% of the price you purchased at. |
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Css
Joined: 27 Sep 2004
Location: South of the river
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| Posted: Tue Feb 24, 2009 9:06 pm Post subject: |
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| Is there a minimum deposit needed when you create the account? |
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jdog2050
Joined: 17 Dec 2006
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| Posted: Tue Feb 24, 2009 9:49 pm Post subject: |
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| Css wrote: |
| Is there a minimum deposit needed when you create the account? |
I don't believe so. I started the account on 370,000 won. |
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Skippy
Joined: 18 Jan 2003
Location: Daejeon
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| Posted: Wed Feb 25, 2009 12:05 am Post subject: Re: Ok, just set up a Shinhan Gold Issue account |
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Yesterday
Joined: 15 Aug 2003
Location: Land of the Morning DongChim (Kancho)
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| Posted: Wed Feb 25, 2009 5:08 am Post subject: |
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GREAT! be sure to let us know how rich you are in one years time...
370,000won (February, 2009) = ???,???won (February, 2010) |
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NoExplode
Joined: 15 Oct 2008
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| Posted: Wed Feb 25, 2009 7:25 pm Post subject: |
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Never ever invest in something you do not know well. Poor fools have lost 50% of their savings in the market, panic, take their money out, buy gold at the top of a bubble, and when it crashes 200%, will have lost everything.
Why would you buy anything that everyone else is buying? That's not good investment strategy. |
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Dodgy Al
Joined: 15 May 2004
Location: Seoul
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| Posted: Wed Feb 25, 2009 7:35 pm Post subject: |
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370,000 is hardly an investment, is it? If that's his life-savings, I'd say he has bigger problems!
No, it seems to me he's dipping his toes in, and with such a small amount of money, why the hell not? That's how people learn right? Give the guy a break. |
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sobriquet
Joined: 16 Feb 2007
Location: Nakatomi Plaza
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| Posted: Wed Feb 25, 2009 8:33 pm Post subject: |
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GOLD 100 OZ FUTR (USD/t oz.) 953.600 -12.600 -1.30 22:54
You're down today. |
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jdog2050
Joined: 17 Dec 2006
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| Posted: Wed Feb 25, 2009 8:36 pm Post subject: |
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| sobriquet wrote: |
GOLD 100 OZ FUTR (USD/t oz.) 953.600 -12.600 -1.30 22:54
You're down today. |
Uhh, you can't forecast gold by one day. It swings like crazy over the short term. But over the long term it's only gone up in the past 10 years. |
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sobriquet
Joined: 16 Feb 2007
Location: Nakatomi Plaza
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| Posted: Wed Feb 25, 2009 8:37 pm Post subject: |
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| jdog2050 wrote: |
| sobriquet wrote: |
GOLD 100 OZ FUTR (USD/t oz.) 953.600 -12.600 -1.30 22:54
You're down today. |
Uhh, you can't forecast gold by one day. It swings like crazy over the short term. But over the long term it's only gone up in the past 10 years. |
You're still down today.
Whether or not it's up or down over the year.
As of this minute you are still down. |
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jdog2050
Joined: 17 Dec 2006
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| Posted: Wed Feb 25, 2009 8:43 pm Post subject: |
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| NoExplode wrote: |
Never ever invest in something you do not know well. Poor fools have lost 50% of their savings in the market, panic, take their money out, buy gold at the top of a bubble, and when it crashes 200%, will have lost everything.
Why would you buy anything that everyone else is buying? That's not good investment strategy. |
I've looked into the ups and downs of gold and I'm pretty comfortable with it. Again, Shinhan has an alert system. If I see the bubble deflating, I'll pull, and losing 30% of 370,000 for this experiment is perfectly fine.
You say why buy when everyone else is buying, well, we're sitting on top of a $600 trillion dollar pyramid that's about to collapse. Do you think bailouts will help? Stimulus packages? Hell no. |
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saw6436
Joined: 16 Jan 2003
Location: Daejeon, ROK
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| Posted: Wed Feb 25, 2009 9:13 pm Post subject: |
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| What kind of load does it have? Front-end or Back-end? |
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jdog2050
Joined: 17 Dec 2006
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| Posted: Wed Feb 25, 2009 9:38 pm Post subject: |
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| saw6436 wrote: |
| hey guys look at how smart I am because I'm covering a really simple question with worthless jargon |
Anyway, there's a 4.5% charge when you buy in.. |
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saw6436
Joined: 16 Jan 2003
Location: Daejeon, ROK
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| Posted: Thu Feb 26, 2009 11:47 am Post subject: |
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| jdog2050 wrote: |
| saw6436 wrote: |
| hey guys look at how smart I am because I'm covering a really simple question with worthless jargon |
Anyway, there's a 4.5% charge when you buy in.. |
What I read from that is, "you don't have a clue", I asked an honest question. You "invested" a pitance in Gold. Good for you! And, based on your reply to my Q; you invested in a product you dont understand. You are not buying gold,you are buying a Vehiclethat buys gold for you.
When the commission is paid can make or break a deal.How that commission is paid can make or break a deal.
Your reply to me was an asshole' reply. Your 4.5% answer was useless.
But its all good, I called my guys at Shinhan and Nong-Hyup. They actually gave me the answer I was looking for. Enjoy your $200 investment. Twit.
**sorry for the typos, I hate Dave's format. |
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linky123
Joined: 12 Feb 2009
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| Posted: Thu Feb 26, 2009 3:09 pm Post subject: |
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wait until they find the technology to manufacture gold.  |
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