spread in uob is lower, but the minimum gram to open is quite high, especially for those who have low budget, like me

don't push your luck, bro, if you know what i mean

Enjoying the Gold Ride?

It does enjoyable for me. Hoping it drops further so I can buy 10g of physical gold

hell yeah, i hope it drops more then i'll buy more.

Hmmm... I guess this would be a good time to buy. I was wondering, how much did the value of gold appreciate last year compare to the year before? Is it more than 10%?

This post has been edited by eehtsitna: Aug 25 2011, 08:22 AM

http://goldprice.org/

i am looking at a kg after selling my paper gold............paper Kg............

how much lower you think it will get? RM15+?

fuhh~~~~ kayanya

i buy paper and physical gold to be used as long term investment and also emergency purposes

how low it'll go i wonder?

As expected, the gold bubble has burst. I think it will drop further. Its now trading at US$1,755. Maybank price now at RM 171.83

Since i am targetting another kg, i am averging in........it has hit my target of 1760...........
so i will buy some today at the open..........in SPDR SGX "GLD 10US$" shares.
Buy at correction dont chase. Sell on the up.................

This is my paper investmnet.

My physical's already completely bought in 2003.......never sold a single oz.
Was VERY VERY tempted to sell some at $1890........................

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Added on August 25, 2011, 9:02 amNo where near a bubble yet..........a teeny correction.........a bubble burst will not build up again into the trend again
The longterm bull trend is still very alive

This post has been edited by prophetjul: Aug 25 2011, 09:02 AM

Thanks for the advise!
i do agree that the bubble has not burst yet. The bull target prediction is USD3000 if im not mistaken

agree! but i think after this correction the price will goes up to $2000
so im going to UOB later on

The target?
Its said to be $3k, $5k , $10k and even $30K..........take yer pick

Personally i hope it doesnt reach $10k. This world will be unliveable.....................

I was refering to the short term bubble which happened for the past 2 weeks. I wasnt refering to the overall long term pricing of gold. Everybody knows that gold has been on an uptrend since the past 11 years so even with this dip, there's still a general uptrend.

Don't look like a 'teeny' correction, but a correction nonetheless. Dang, didn't expect the correction to go as low as this USD 1740!

Well gold investment was never meant to be short term. U cannot go into gold expecting short term gains. U may be lucky to get it at some point but dont expect the same always.

My advise now would be to wait for the gold to drop further and then load up again. I dont think the price will drop to the prices we saw at end July (RM157 per gram). So its still a rise nevertheless.

A bubble is a bubble......this aint a bubble.
In technical terms, this should be a wave or upleg.
Bubble when burst do not build up again on the primary trend.