Hard to see, because USD is up again

[quote=kevyeoh,Sep 28 2011, 02:11 PM]
Hmm...this 1 to 2 years is very misleading...

when i take a look at the gold trend for the past 30 years...

what i see is from 1982 until probably 2005, if you bought it at 1982 and you sell at sometime before 2005, you might not even earn anything...the price was pretty flat below USD500/ounce....
in fact...you might lose money.... and that's how many years we're talking about? if you have saved the money in FD in that period with compounded interest, i'm not sure if the FD might even yield more return than the gold capital gain...

so to those who even think that you will earn if keep 'long' term 1-2 years... u better consider properly...

good luck ...

[/quote

I dont know where you got that info, but from the history shown here Gold Price History , the 30 years trend is increasing.

Understand the chart. What kevyeoh said is right. Gold only gain much after 2006 due to inflation.

This post has been edited by buysell: Sep 28 2011, 03:24 PM

Ya lo... goes up... not idle time to top up...

To me, gold price would depend on oil price... Based on current market, do u think fuel would drop to during 1990's level???

juz flew to the bank to buy some glitter~~ wheeee

I only know gold is more valuable then oil.

What kind of oil are you talking about? RAW oil? Petroleum? or Palm oil? How did oil related to gold investment?

This post has been edited by buysell: Sep 28 2011, 03:31 PM

Funny i bought in 2002 and have been doing pretty well

Prices of 1 oz kijangs

Year ------start--------end---------year-------- total
------------price--------price-------returns-----returns since 2002

200 1122 1387 23.62% 23.62%
2003 1396 1678 20.20% 49.55%
2004 1676 1766 5.37% 57.40%
2005 1716 2057 19.87% 83.33%
2006 2070 2367 14.35% 110.96%
2007 2385 2952 23.77% 163.10%
2008 2932 3200 9.14% 185.20%
2009 3239 3669 13.28% 227.01%
2010 3669 4445 21.15% 296.17%

people will say anything to speculate....its up to you to take the good throw the bad......

Good for you. You must be very rich already by now.

Gold Climbs for Second Day as Investors Seek Haven From Declining Assets
Q
By Glenys Sim - Sep 28, 2011 3:25 PM GMT+0800
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Gold gained for a second day, set for a 12th quarterly advance, as investors sought a haven from declining assets including oil and copper on concern European leaders may fail to contain the region’s debt crisis.
Immediate-delivery gold rose as much as 1.2 percent to $1,669.07 an ounce and traded at $1,662.20 at 3:17 p.m. in Singapore. Futures gained before reports that economists say may show U.S. durable goods orders dropped, while European consumer confidence may have slumped to a two-year low in September.
“The recent price declines have been because other markets are falling and some investors have to sell their gold to meet margin calls,” d*** Poon, precious metals trading manager at Heraeus Ltd., said by phone from Hong Kong. “The debt situation in Europe hasn’t changed and as that goes on, we continue to see strong demand for gold, which will keep prices supported.”
Some euro-area countries are demanding private creditors take bigger writedowns on their Greek bond holdings, the Financial Times reported, citing European officials, sending commodities lower and driving the euro down against the dollar.
December-delivery bullion advanced as much as 1.2 percent to $1,672 an ounce in New York before trading at $1,664.10.
“The only negative for gold that we can see is the recent U.S. dollar rally,” Daiwa Capital Markets analysts including Deep Kapur wrote in a note. “As far as we can tell, the buy-on- dips mentality is still intact.”
Platinum Ratio
Spot gold has rallied 17 percent this year as investors sought to diversify from declining equities and depreciating currencies. The precious metal, which reached an all-time high of $1,921.15 on Sept. 6, has climbed 11 percent this quarter.
The ratio of platinum to gold slumped to the lowest level since 1992, a sign that investors may be concerned the sovereign-debt risk in Europe is escalating, potentially trimming demand for metals with industrial uses. One ounce of platinum bought as little as 0.9386 ounce of gold today.
“Platinum and palladium, like silver, are still industrial metals and if there are worries about the economy, the price will go down,” said Poon.
Cash silver gained 1.5 percent to $32.37 an ounce while December-delivery futures advanced 2.7 percent to $32.395 an ounce. Spot platinum was little changed at $1,562.18 an ounce and palladium gained 0.9 percent to $653.50 an ounce.
To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.n

No more roller coaster, only bungee jump from now on. Whenever you see gold price staying stagnant chances are it goes steep dip the next day.

Don't listen to anyone. Make you own judgement? Then straight die loh.

This post has been edited by buysell: Sep 28 2011, 04:34 PM

the best advice is... buy then don't look at the price at least 6 months...

6 month no check can meh? Sure peek a bit

i am still survivng not yet die.....

gold usd 1656 /oz
USD /rm uptrend

well said..

when it met your target... leave it and never regret.. hehee

No. It is not true.
Countries will wage wars for black gold.
Men can live without gold but not black gold (in today's context).

[quote=donnie.brasco,Sep 28 2011, 03:05 PM]
[quote=kevyeoh,Sep 28 2011, 02:11 PM]
Hmm...this 1 to 2 years is very misleading...

when i take a look at the gold trend for the past 30 years...

what i see is from 1982 until probably 2005, if you bought it at 1982 and you sell at sometime before 2005, you might not even earn anything...the price was pretty flat below USD500/ounce....
in fact...you might lose money.... and that's how many years we're talking about? if you have saved the money in FD in that period with compounded interest, i'm not sure if the FD might even yield more return than the gold capital gain...

so to those who even think that you will earn if keep 'long' term 1-2 years... u better consider properly...

good luck ...

[/quote

I dont know where you got that info, but from the history shown here Gold Price History , the 30 years trend is increasing.



[/quote]

From this graph some comodities have cooling period where the price will be stagnant some time. Not sure for current gold.