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 Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype

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devilkid84
post Jul 6 2011, 01:21 PM

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QUOTE(GoldChan @ Jul 6 2011, 10:38 AM)
true. B4 the industrial age, most of the things does not yield any interest. Interest is forbidden in religion.
Then come in the banker who introduces the notion of giving interest.
Giving interest will lead to exponential growth which can only be supported via exponential use of resources.
but resources are limited, thus interest cannot grow that far if it's implemented properly and honestly.

If it goes too far, then it is not interest but inflation via the printing press.
Thus, 4 me, I will trust 5000 yrs old monetary system which is gold & silver rather than government.

B4 the creation of Federal Reserve 1914, the price of most item remain the same for 200 years in United State.
1 oz of gold is about USD20/- and remain more or less the same for 200 years with exception during the civil war.
House price remain the same for 200 years. If gold standard is followed, there is no inflation.

Why now house prices go up like nobody business, where all the money came from?
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cool thumbup.gif
btw, old question again.
does any1 know what is the different with 99.99% and 999.9 ?
or both are having same value to each other.
p/s Mxxbank(999.9) & Pxxxxxbank(99.99%)
devilkid84
post Jul 6 2011, 04:40 PM

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Senior Member
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QUOTE(aaronpang @ Jul 6 2011, 02:17 PM)
After reading many topics and points highlighted by various posters, I detect an underlying view/belief that hard economic times are coming  sad.gif

As investors of precious metals, be they coins or bars , I wonder which coin or bar would be the last to be sold or traded. 

The phrase "over my dead body".  When they find your body, which coin or bars will be in your pocket?  hmm.gif
This question answered so many times already... http://forum.lowyat.net/topic/1771874/+80#

Basically the more 9's the better, checkout these wikis
http://en.wikipedia.org/wiki/Millesimal_fineness
http://en.wikipedia.org/wiki/Carat_%28purity%29
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thanks!
actually I read entire topic also cant really find exact answer that's why posting this question again.
conclusion, is 999.99 = 99.99%
confuse man rclxub.gif
devilkid84
post Jul 11 2011, 05:11 PM

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QUOTE(3think @ Jul 9 2011, 10:22 PM)
I agreed. The idea is to continue accumulation (if you are into accumulations). The best way is to apply dollar cost average. Buy at constant interval of time and you will get the average of the market price.
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true indeed.
Im still believe in old phrase "Things will develop in the opposite direction when they become extreme."
no matter how high is gold price, there will be sky diving price.
keep applying cost averaging method. icon_rolleyes.gif

btw, what do u guys think about bunga raya gold bar? any comments about it?
user posted image
devilkid84
post Jul 14 2011, 04:31 PM

On my way
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Senior Member
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Joined: Aug 2006
QUOTE(wysiwyg17 @ Jul 13 2011, 01:36 AM)
By the way seniors, how do you keep & maintain your gold. I heard that gold will have better long term value if it is well kept, untouched and stored in a nice dry place- avoiding oxidization. Or in Malaysia, you can keep anyway u like and it won't affect the price. How about scratches & dented, how much the gold will loose its value? wanna share  hmm.gif  hmm.gif
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I keep it with my camera lenses in drybox to avoid oxidization icon_rolleyes.gif

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