{"id":1504,"date":"2009-07-01T01:01:41","date_gmt":"2009-07-01T05:01:41","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=1504"},"modified":"2009-07-01T09:02:07","modified_gmt":"2009-07-01T13:02:07","slug":"buying-physical-gold-as-a-money-management-strategy","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/","title":{"rendered":"Buying Physical Gold as a Money Management Strategy"},"content":{"rendered":"<p>With all the attention on gold recently I wanted to bring in Justin Tazi from <a href=\"http:\/\/www.tradegoldonline.com\/\" target=\"_blank\">TradeGoldOnline.com<\/a> to give us something to think about regarding making gold a valid money management strategy...what are YOUR thoughts? Let Justin and the rest of the world know your thoughts by leaving a comment!<\/p>\n<p>-----------------------------------------------------------------------------------<\/p>\n<p>With the proliferation of online trading over the last decade, and the fears of being robbed by \u201cevil\u201d investment managers such as the likes of Bernard Madoff it is no wonder why so many individuals are attracted to the concept of managing their own investments.\u00a0 It is interesting to note that Madoff will reach the ripe old age of 221 years old when he finishes doing his time for stealing billions of dollars out of hundreds of people.\u00a0 When it comes to trading the markets however, it is crucial to recognize that as a trader you are faced with the same types of risks as those defrauded by Madoff, risks that can leave you betrayed by your own lack of self discipline.\u00a0 An effective money management strategy is the difference between your success or failure as a trader.\u00a0 Then why is it that so many of us spend countless hours studying charts, listening to expert commentary, and are glued to the latest news feeds without the careful respect and study of effective money management strategies.<\/p>\n<p><!--more--><\/p>\n<p>Perhaps it is because we lack the discipline to see that proper money management will keep us in the game.\u00a0 It is about conserving and protecting your capital and a focus on winning consistently versus trying to win it big.\u00a0 It means waiting for the right moment for each trade where a winning position is almost assured.\u00a0 It means having a clearly defined exit strategy for every position you enter both on the win and lose side. It also means fortifying your portfolio with insurance to protect yourself from financial catastrophe.\u00a0 It means protecting yourself from what one Madoff victim testified as saying\u00a0\u00a0 \u201cLife has been a living hell.\u00a0 It feels like a nightmare we can\u2019t wake up from.\u201d<\/p>\n<p>One simple form of trader insurance is to consistently purchase physical gold for the life of your trading career.\u00a0 Regardless of the price of gold, if you dollar cost average it over an extended period of time you will have a real tangible form of insurance that will guarantee your future success.\u00a0 I once knew a trader that loved to trade anything related to gold, gold stocks, gold etfs, gold options, and gold forex.\u00a0 There were many occasions where he won it big by making all the right trades, sometimes because of his charting skills and at other times it was simply because he traded at the right time.\u00a0 He devoured books, news and any analysis that he could find on the subject of gold.\u00a0 His account continued to grow and he lavished himself with exotic trips and gifts for his wife.\u00a0 Unfortunately, he lacked discipline and a commitment to proper money management principles in his trading.\u00a0 No longer did he time things right, no longer did his charting strategies seem to work.\u00a0 In a desperate attempt to recover from his losses he allowed his emotions to take hold of his portfolio.\u00a0 It wasn\u2019t long before he had lost everything.\u00a0 He was no longer in the game and his exotic trips were only a distant memory held in a photo album to remind him of the good old days.\u00a0 Now had he simply taken percentage of equity from his trading successes and consistently purchased physical gold itself, he would have assured himself victory over the long haul.<\/p>\n<p>Why not add this simple money management strategy of buying physical gold to your overall trading strategy.\u00a0 Every month go out and buy yourself a few grams, ounces or bars of gold and if you do it consistently, you will never be wiped out by the man made markets that can from time to time be ruthless and without remorse.<\/p>\n<p>Justin Tazi<br \/>\n<a href=\"http:\/\/www.tradegoldonline.com\/\" target=\"_blank\">TradeGoldOnline.com<\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>With all the attention on gold recently I wanted to bring in Justin Tazi from TradeGoldOnline.com to give us something to think about regarding making gold a valid money management strategy...what are YOUR thoughts? Let Justin and the rest of the world know your thoughts by leaving a comment! ----------------------------------------------------------------------------------- With the proliferation of online [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2204,2202,2201,2203,2205],"class_list":["post-1504","post","type-post","status-publish","format-standard","hentry","category-general","tag-gold-as-money-management-strategy","tag-justin-tazi","tag-tradegoldonlinecom","tag-tradeing-gold","tag-where-to-buy-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buying Physical Gold as a Money Management Strategy - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying Physical Gold as a Money Management Strategy - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"With all the attention on gold recently I wanted to bring in Justin Tazi from TradeGoldOnline.com to give us something to think about regarding making gold a valid money management strategy...what are YOUR thoughts? Let Justin and the rest of the world know your thoughts by leaving a comment! ----------------------------------------------------------------------------------- With the proliferation of online [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2009-07-01T05:01:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-07-01T13:02:07+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Buying Physical Gold as a Money Management Strategy\",\"datePublished\":\"2009-07-01T05:01:41+00:00\",\"dateModified\":\"2009-07-01T13:02:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\"},\"wordCount\":676,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"gold as money management strategy\",\"justin tazi\",\"TradeGoldOnline.com\",\"tradeing gold\",\"where to buy gold\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\",\"name\":\"Buying Physical Gold as a Money Management Strategy - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2009-07-01T05:01:41+00:00\",\"dateModified\":\"2009-07-01T13:02:07+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Buying Physical Gold as a Money Management Strategy - INO.com Trader&#039;s Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/","og_locale":"en_US","og_type":"article","og_title":"Buying Physical Gold as a Money Management Strategy - INO.com Trader&#039;s Blog","og_description":"With all the attention on gold recently I wanted to bring in Justin Tazi from TradeGoldOnline.com to give us something to think about regarding making gold a valid money management strategy...what are YOUR thoughts? Let Justin and the rest of the world know your thoughts by leaving a comment! ----------------------------------------------------------------------------------- With the proliferation of online [&hellip;]","og_url":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2009-07-01T05:01:41+00:00","article_modified_time":"2009-07-01T13:02:07+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"Buying Physical Gold as a Money Management Strategy","datePublished":"2009-07-01T05:01:41+00:00","dateModified":"2009-07-01T13:02:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/"},"wordCount":676,"commentCount":1,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["gold as money management strategy","justin tazi","TradeGoldOnline.com","tradeing gold","where to buy gold"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/","url":"https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/","name":"Buying Physical Gold as a Money Management Strategy - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2009-07-01T05:01:41+00:00","dateModified":"2009-07-01T13:02:07+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2009\/07\/buying-physical-gold-as-a-money-management-strategy\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/1504"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=1504"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/1504\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=1504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=1504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=1504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}