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Hi, I'm John Howshall, student of investing and webmaster of this site. I'm 27 and have a strong will for saving money and investing to build personal wealth. With this website I encourage others to do what I have done, to try the things I've tried and to learn of new opportunities and possibilities that will enable you to achieve financial freedom!
"No man can succeed in a line of endeavor which he does not like."

–Napoleon Hill

Posts Tagged ‘Gold Investing’

Paper Trading Gold – Week 35

Friday, July 24th, 2009

In the last two weeks gold gained over $40.00 in value and settled at today’s close of $951.60 an ounce.

Here’s a chart of gold’s activity over the past six months. I’m waiting for the value to rise above $1,000.00. If it does, I might decide to sell my ounce of gold.


Paper Trading Gold – Week 33

Friday, July 10th, 2009

This week, gold slumped bellow $910.00 per ounce as falling oil prices made the metal less desirable to investors. The market closed today at $913.00 an ounce. In the last month, gold has lost a value of $77.00! Things are not looking good for investors right now, but for people who want to start investing, the price is coming down to a point where it’s safer to say that you’ll be able to make a profit.


Paper Trading Gold – Week 32

Saturday, July 4th, 2009

Another week of inactivity in the gold market. The charts show that gold is in a sideways channel, meaning that the market is not moving up or down but is keeping relatively stable. This week gold stayed between $930.00 and $945.00 per ounce and closed at $931.80.


Paper Trading Gold – Week 31

Friday, June 26th, 2009

Gold is making a slow comeback. The market closed today at $939.00 per ounce with today’s high reaching to nearly $950.00.

If you’re thinking about investing in gold, a good way to familiarize yourself with the terminology is to read auction listings on eBay. Try searching for “gold American Eagle” and just start reading. You can really learn a lot about the different kinds of coins, including how their condition affects their price. And you’ll also notice that they are in high demand.

Paper Trading Gold – Week 30

Friday, June 19th, 2009

This week gold closed at $933.70 an ounce. Hardly a difference from the close of last Friday, and though it ended lower, it looks like it might recover some ground soon.

In my opinion, now is not the best time to buy gold. Though the value may continue going up from here, I would not risk buying at this price. However, experts say that gold will rise far above the $1,000.00 an ounce mark. While that might happen, I’m not one to risk that much money on an investment right now. But if you are that sort of risk taker, then hop onboard! Buy now while gold is at a six week low.


Paper Trading Gold – Week 29

Friday, June 12th, 2009

In spite of hopes for gold going up this week, the downward trend continued and gold closed lower than it did last Friday at $938.30 per ounce. I’m still hanging onto the gold ounce I bought last November, but if I sold it now, I would make a profit of about $192.00. While that would be good, I’m still hoping to make more from it.


Paper Trading Gold – Week 28

Friday, June 5th, 2009

Gold made some big moves this week. First it went up to around $990.00 per ounce, then it dropped down to about $965.00. The day after that it was back up to $980.00, followed by today’s activity, which brought the value down to $954.60. These market swings are pretty crazy. It’s taken a slight down trend over the week but, of course, it may go up again.


Paper Trading Gold – Week 27

Friday, May 29th, 2009

Gold is really making a comeback! Today, reaching a three month high, gold rose to $980.00 per ounce. It’s coming close to its record high from March 2008. It would be cool if it went over it.


Paper Trading Gold – Week 26

Friday, May 22nd, 2009

Gold is still moving up, rising as high as $960.00 an ounce today. This is really cool because it hasn’t been this high in two months. Looking at a chart you’ll see that gold has been rising steadily since the beginning of the month. I’m looking forward to seeing what the market will do next week.


Paper Trading Gold – Week 25

Saturday, May 16th, 2009

The good weather is finally here! And so also was my wife’s and my first year anniversary! We wrote it on the car widows and spent last weekend at a couple of places where we went on our honeymoon. It was so much fun reliving memories and making new ones…

As for gold, the last two weeks have been very good. The metal has been slowly but steadily gaining value. The market closed this week at $930.90 an ounce. So if I sold my gold ounce now I would make a profit of $185.00.


This is an accurate up to date monitor of the price of gold per ounce. Provided by Kitco.com

[Most Recent Quotes from www.kitco.com]

The red line indicates the rising and falling value of gold over the course of today.