For long term investment you shouldn't sell your gold like that oh.

+1

lol so sure? im waiting for 160 a below, will it happen? pray hard..lol

it may or may not happen. anyway, i'll just keep my fiat on standby should the opportunity comes knocking

hmmm..who knows...it was RM150 2 months ago...

no need guess the price will go up or down. Just go get a physical gold n put it under your bed but all the online gold n silver supplier now 'out of stock'. Pattern banyak banyak, got money also cant buy now

America will print more money, they have to, their higher dollar will force Bernanke's hand. America needs to export their manufactured goods not be able to buy more cheap goods. Every American bank is carrying overvalued assets on their books. Fiat money is stuffed. Hyperinflation or deflation is what we have to look forward to, this marketplace is broken along with the tools to participate in it.

Edit: There's a lot of panic in the markets on Gold and Silver at present, but the educated people know this is the biggest BUY opportunity of 2011!

This post has been edited by jphlau: Sep 27 2011, 01:05 PM

so can you please help educate us?
i don't understand why print more money can be a good opportunity for gold?

are you saying that due to inflation...then gold will increase price also ?

But I still when I did not sell at 1900 USD! Though the buy opportunity now would only net 15 g more only even if I sold at peak .

Hi sifu2. If I wanna buy gold, is Maybank a good place to buy? Or which place you sifu rather go and buy?

print more paper money = less value in each paper money = USD drops in value = investor change investment form USD into Gold = increase Gold demand = increase gold price.

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Added on September 27, 2011, 1:42 pmUOB

@penang? There are two UOB branch there.

This post has been edited by Alexdino: Sep 27 2011, 01:42 PM

Oh, thanks thanks. I will go check out UOB. Any reason why UOB better than Maybank?

for paper gold, uob offers lower spread.
for physical gold, uob offers more product.

Why US Dollar is so "High value" now ? $1 = RM 3.18 ?

Can explain ?

If US dollar drop in price, we can get better price in RM lo

read the first page next time.

anyway, quinn, appreciate if could always dropby on weekends to give weekly candlestick insight on gold

appreciate it

Quinn advice is Valuable !

Please ,don't leave us !

Thanks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

sorry bro... will do next time

lol. read previous post on what's happening.
that is if usd drop but gold did not climb.

Anyone wanna let go 5g bar for around RM900. PM me

The only drawback is that UOB does not have online trading as compared to others like PBB

i prefer CIMB, bcos the selling and buy difference is lower than Maybank and Public bank.