everyone think of sell it before correction, but personally i think i will buy more after correction instead of sell now get profit, i dun care the price if goes down... i will keep it as long as i can

when is the right time to buy gold, is depends on how long u wanna hold on the gold.

for long term, you have less to worry as gold price will definitely increase after few years.. maybe the % not as much as now, but it is still increase in value after years..

why gold increase ? because our inflation % is getting higher and higher.. take a look at our salary in our country..

A normal fresh grad with a degree can easily get RM2.8k-3.k+ in some MNC. Do fresh grads get even RM2.8k in 5 years back ? Back in that time there is even lesser degree holder in our country.

Our RM value is dropping, and our purchasing power toward golds is decreasing, and thus gold price will always increase.

If you bought physical gold, nothing to worry, as the gold bars sure looks great no matter how you look at it, that's the humans' obsession and desire on gold.

This is my opinion and views though..


This post has been edited by trumpfnx: Aug 23 2011, 11:17 AM

Gold tops $1,900, looking 'a bit bubbly'

http://money.cnn.com/2011/08/22/markets/go...rices/index.htm

agree... but yet to find a good place to buy gold, and also tostore it coz now i still stay in a rented room.

if buy i sure start with 20g pamp swiss....

i've calculate my wife jewelery which have been bought on 2005(6 years)

it increase more 10% each year.(considering upah and deduction )

those who already posses some gold.. what price do you think you will sell out your gold before its correction or dropping ? $2000 ?

regarding on where to store the psychical gold, I think you can look for safe deposit box on banks, not sure the pro & cons on this.

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Added on August 23, 2011, 12:24 pmGreat..however if you sell her jeweleries now,
you may end up spending more to buy new jeweleries for her..
but it is good if you wanna upgrade her set of jeweleries..

This post has been edited by trumpfnx: Aug 23 2011, 12:24 PM

I'm hoping for an ease in increase/stagnant rates in mid-Sept where possibly people sell off gold for monetary use, IF the rates stabilise. But if they don't, I won't be selling, I'll be BUYING.

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Added on August 23, 2011, 12:32 pmAlthough it looks 'bubbly', the problem is that in just the space of 2 weeks, it jumps 100 USD per ounce. Whatever correction I hope to see by mid-Sept, or else it's here to stay.

This post has been edited by trencher10: Aug 23 2011, 12:32 PM

http://www.zerohedge.com/news/interactive-...minent-cme-next
watch out for CME margin raise within 1 week (60% chances), 2 week ( 90% chances)

If bank around the world are buying gold.... is there a bubble??

Down to $1700?? wow!

Then it will be BBB mode??

well, if i plan to keep the gold for many many years...it should generally be OK right?
i do'nt think we've seen the price of gold dropping in a span of 5 years window time...
true or false?
when i check the gold history, there will be ups and downs but generally it's uptrend...

might be down to 1700 but first must reach 2000+

yes rite...i just want to correct our high hope in gold.
If you compare the price during 2004 and now , you will jump excited as the difference is RM 180-RM 55 = RM 125 .More than 200% profit and divided by year is more than 30% peryear.

But in actual you have to consider (for jewelery) upah and deduction.As I said earlier the value increase is within 10-15%

Anyhow.Gold is still the bulletproof investment if you are cash rich.It is solid and proven.

Inflation adjusted gold price.

Lets hope the bubble (maybe it is) dont burst

This post has been edited by monsta2011: Aug 23 2011, 01:52 PM

what is bbb mode

Maybe $2,000, $3,000, $5,000 OR $10,000?
Price is not the guiding light. Otherwise i would have sold long time ago since entering in 2002.

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Added on August 23, 2011, 2:11 pmdepends what you mean by 'drop'.

Evry upleg is always accompanied by corrective waves. Otherwsie the price of gold will be $50,000 now!

If you refering to a major correction, look now further.

In 2008 it went from $1033 to $681. Down 35%Can you stomach this?

This post has been edited by prophetjul: Aug 23 2011, 02:11 PM

I cannot . Nah if I see a sign of economic growing I'll sell but that aint happening anytime soon.

This post has been edited by monsta2011: Aug 23 2011, 02:16 PM

thats a good one.

as long as u dun sell it... who cares 1000 or 700? now is 1800++

*edited*

This post has been edited by jun16: Aug 23 2011, 02:34 PM

Did you buy at $700?