Inverse gold tracker?

oliversw

Does such a thing exist, if so can someone point me in the right direction.
Thanks in advance shaun

leahciM

This is relevant to my interests. Sorry I can't be more helpful, but I'm also going to be watching for the answers to this.

tradetime

On the LSE ETFS Short Gold (SBUL)

On the NYSE Powershares Short Gold, single and double. Make sure you understand them before you use them, these are trading vehicles, best suited to short term trading. They aren't something I'd recommend to the inexperienced.

smeagold

Try these:

DB Gold Short Exchange Traded Note (NYSE Arca: DGZ)
DB Double Short Exchange Traded Note (NYSE Arca: DZZ)
DB Gold Double Long Exchange Traded Note (NYSE Arca: DGP).
PowerShares DB Gold Fund (Amex: DGL).
streetTRACKS Gold Shares (NYSE Arca: GLD)
iShares COMEX Gold Trust (Amex: IAU)

good luck if your thinking of shorting gold tho:)

leahciM

smeagold wrote: »

Try these:

DB Gold Short Exchange Traded Note (NYSE Arca: DGZ)
DB Double Short Exchange Traded Note (NYSE Arca: DZZ)
DB Gold Double Long Exchange Traded Note (NYSE Arca: DGP).
PowerShares DB Gold Fund (Amex: DGL).
streetTRACKS Gold Shares (NYSE Arca: GLD)
iShares COMEX Gold Trust (Amex: IAU)

good luck if your thinking of shorting gold tho:)

Just thinking about the future buddy; that metal's gotta come down sometime.

oliversw

I wasn't thinking about shorting now I still think gold has a year to 18 months to run, but then I think the wheels will come off. I asked so I could educate myself about such products and decide whether or not I want to use such a thing when the time comes.

smeagold

Wise thinking, shorting gold here would be a fatal mistake, imo. give it a year or two, keep your eye on the game, and it could indeed be a strategy that pays off but just because a few wall st jockeys and hamish tell you it's a bubble ready to pop does not make it enough of a reason to put your money on the line on the short side now(at least not long term) watch the big boys, when paulson soros etc bail then go short but they are still aggresively on the buy side. Don't fight the big boys...you'll lose:)

leahciM

smeagold wrote: »

Wise thinking, shorting gold here would be a fatal mistake, imo. give it a year or two, keep your eye on the game, and it could indeed be a strategy that pays off but just because a few wall st jockeys and hamish tell you it's a bubble ready to pop does not make it enough of a reason to put your money on the line on the short side now(at least not long term) watch the big boys, when paulson soros etc bail then go short but they are still aggresively on the buy side. Don't fight the big boys...you'll lose:)

I utterly agree. However:


The day I get in a taxi and the driver tells me to buy some gold is the day I put my shorting plan into action, so my plans will be well laid :rotfl:

smeagold

leahciM wrote: »

I utterly agree. However:


The day I get in a taxi and the driver tells me to buy some gold is the day I put my shorting plan into action, so my plans will be well laid :rotfl:

Damn right, when the shoe shine boy/ barber/ bus/ taxi driver gives me a gold /silver tip, I'm out, cash in my gold and silver and will then buy the most unloved asset in the world, whatever that is at the time(prob property):)

mr_fishbulb

leahciM wrote: »

The day I get in a taxi and the driver tells me to buy some gold is the day I put my shorting plan into action, so my plans will be well laid

How do you know smeagold isn't a taxi driver?

Arthurian

Someone I know got into a taxi a few weeks ago and the driver said he didn't know what the problem was with people moaning about money. He said it's easy to make money - he bought gold a month ago, sold it a couple of weeks later and made £6K.

Tick, tick, tick........