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

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dr2k3
post Mar 8 2011, 11:20 AM

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QUOTE(FrancescoTop8 @ Mar 8 2011, 11:06 AM)
Believe it or not, US economy recovery mostly depend on China hand.
If China dump US diplomatically(unofficial/silent), share market not get much effect.
BUT, if China dump US officially (announcing it to the whole world), share market will doom.  cool2.gif
So, i really hope China + Russia will go ahead with secret mission "BLACK MARCH 2011".      brows.gif
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china throwing USD officially is like throwing stone on oneself foot....

when they throw USD the value of USD will drop....if usd value drop....china who hold the most USD will suffer ....terror balance...die together

US value drop = rise in commodities
rise in commodities = food inflation
food inflation = biggest problem in china


US more happy if their currency drop....slowly ofcourse........improve their export



This post has been edited by dr2k3: Mar 8 2011, 11:31 AM
dr2k3
post Mar 8 2011, 11:45 AM

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QUOTE(FrancescoTop8 @ Mar 8 2011, 11:32 AM)
If USD keep dropping, world will not use USD as monetary system because it value depreciate.
World then looking for better monetary value and at that time Renmimbi and gold standard will arise.
And i think China prefer Gold standard, that`s why China keep buying every ounce gold available recently.
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other currency as world currency.....i don't think it will happen in my lifetime

if i were a currency trader i will buy renmimbi for "profit" but will not use renmimbi as "currency"......i don't trust china government

china prefer gold standard...where did you get info from?
dr2k3
post Mar 9 2011, 12:36 AM

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QUOTE
- i dont trust U.S whose keep printing USD out of thin air.


how do you think china keep its currency value low when the demand for RMB is so high?


QUOTE
2. China's long term plan is to turn their RMB into the next reserve currency, means next time they wont trade using USD anymore, all the prices will be quoted in RMB (this plan already drafted out and will be carried out silently in years to come)


Microsoft monopolized OS market and i have yet to see another competitor that is capable of replacing Microsoft despite all the alternative

This post has been edited by dr2k3: Mar 9 2011, 12:41 AM
dr2k3
post Mar 9 2011, 10:13 AM

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QUOTE(FrancescoTop8 @ Mar 9 2011, 05:45 AM)
That`s 1 of China strategy.
U.S keep asking China to revalue the RMB, but so far, it fall on deaf ears.
It shows that how powerful China is.
China is so powerful that U.S dont even dare to take on North Korea.
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so you don't trust US print USD out of thin air but you trust china government print RMB out of thin air?
dr2k3
post Mar 9 2011, 04:28 PM

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QUOTE(alhs76 @ Mar 9 2011, 04:22 PM)
i don't trust any of the paper money ... biggrin.gif
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please "donate/transfer" all ur paper money/money into my bank account~ ty tongue.gif


QUOTE
right now a lot of the municipal bonds are in deep shit, if one state default, what will happen to the insurance's fixed income ?


default? not likely....there will bail out here and bail out there like what happen to greece........
dr2k3
post Mar 11 2011, 12:49 PM

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QUOTE(aaronpang @ Mar 11 2011, 12:10 PM)
I inquired and the reason for damaged Kijang Emas because scratched and chips reduce gold content so it's understandable. As a buyer I also wont want to buy damaged coins  shakehead.gif

Besides Kijang Emas and Maple Leaf what other alternatives are there?

I'm not interested in gold savings passbook because those account are uninsured and only in paper. Already got other paper investments and what I want is physical gold  nod.gif
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gold saving passbook is the same as physical "IF" backed by physical

QUOTE
I want is physical gold


isn't it the same as those old people back in old day say they don't trust bank want to keep all their money in tin can at home?

This post has been edited by dr2k3: Mar 11 2011, 12:50 PM
dr2k3
post Mar 11 2011, 04:05 PM

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QUOTE(aaronpang @ Mar 11 2011, 03:25 PM)
Banks practice fractional banking what's to stop the bank from lending your gold? or is the gold deposit "fully reserved"?
Not looking to invest because I already have stocks, unit trust and property.

Seeking to "protect and store" a small portion of wealth, preferably outside of the banking system.

Collecting as much paper money and hoping for the best is not always a guarantee, hence the search for a stable commodity to diversify.
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no...what i mean is that wanting physical item.......you are more likely to lose the gold if you store it in your house and if thief/robber come for a visit tongue.gif

robber can rob the bank 10 times and your money is still intact......one visit from thief/robber all ur gold say byebye


QUOTE
Seeking to "protect and store" a small portion of wealth, preferably outside of the banking system.

to me property is the best thing........

This post has been edited by dr2k3: Mar 11 2011, 04:06 PM
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