Best place to trade precious metal futures online?

[Rocketman]

anyone know?? ?Someplace reputable and proven reliable?

(--Dada Orwell, accidental identity burglar? )

[Michael Fisher]

Precious metals good.

Futures bad.   

[FSPinNY]

YIKES...

Stay away from the futures market, far away.  A guy came to me for after-the-fact financial advice who lost his house, car and all of his financial assets because he just knew that he could make a killing in the futures market during the tech bubble...  He had to start over at age 48.

Brian

[Russell Kanning]

You don't have to lose money in the futures market.

Rocketman could even be hedging his $s a little.
Maybe you would also be interested in buying beer ingredients at guaranteed prices?

[Dave Ridley]

whoop sorry, the original post was from me; accidentally default-logged on as rocketman when I used a computer he'd been using.   Sorry RM , pm me if you want me to delete original msg...

[Russell Kanning]

you can buy gold now ..... or buy some gold now .....to be delivered in the future.

[Rocketman]

Wow Dada, just saw this under "show new replies to your posts" and was pretty surprised.   

But no problem... I like to ask surprising questions, even when they surprise me. 

[DC]

Dada, did you find what you were looking for? I have just started looking into switching to trading gold and silver. I saw where a few forex ( currency ) brokers are starting to add gold and silver spot trading. I was looking to switch to one and http://www.saxobank.com/?id=934 is the one I like so far but I have only looked at them a little.

[DC]

Take possesion only of the heavy metal itself.

Paper is just paper.

P.S. and don't under any circumstances store it in a "safe Deposit box" at even your favorite lending institution lest it be lent to the Dept. of HOMELAND SECURITY permanently.

Welcome to the forum Tunga

I think you are right about taking possesion of the metal itself. 92% of the currency trades lose all their money in the first year and I can't remeber the number for futures but it is high also. It isn't for me to decide what risk people take though. A full size gold futures contract is 100 ounces and you only put up 2% of the money. That is why the profits or losses are so lage. If someone was going to try to beat the odds they should first only use money the can offord to lose. Then they should set up a demo account and papper trade. This way just like you are really trading but the money isn't real. If you still want to trade you should start with the mini gold or silver contract. The mini gold is 33.2 ounces instead of 100 ounces. The mini silver is 1,000 ounces instead 5,000 ounces.   You could also look into gold or silver etf's(exchange traded funds) where they are traded like stocks or gold mining stocks.