Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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 Sep 30 2011, 10:44 PM
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Junior Member
275 posts Joined: Aug 2011  
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QUOTE(JonYeap @ Sep 30 2011, 10:29 PM) I just found out my dad bought few kg of gold this few month. Few kg??? wah loaded. better dun let ppl know where u live. dun wanna hear lyn member kena kidnapped Seldom call home and this is what i hear. Lol... Hope the gold price goes up again and not fall.   |
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Sep 30 2011, 11:59 PM
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Junior Member
73 posts Joined: Jun 2011
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wow...so richman
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Oct 1 2011, 12:22 AM
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Senior Member
4,093 posts Joined: Jul 2011
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not to forget gold is the most stable commodities in so many years..
but nowadays it becomes so volatile... it's not creating fear here anyway.. but it is a good bargain price to collect now... bear in mind guys, you buy in gold is for long term investment.. long term means 5years, 10years, 15years... it's not 1-2years.. trade smartly.. never expect your gold can be sky rocket...  it's never be late to buy in gold.. the story is abit different now.. someone is losing money in purchasing gold.. but it's quite stable @ 16xx USD ..  but fall @ 15xx in a very short period.. but guess that you guys won't be able to purchase at that time.. because that our bank is closed on that time  above is just my 2 cents.. will get 10% of my cash into gold in these days...   good luck |
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Oct 1 2011, 09:03 AM
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Senior Member
4,538 posts Joined: Oct 2006 From: Singapore
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QUOTE(bigwolf @ Sep 30 2011, 10:44 PM) Few kg??? wah loaded. better dun let ppl know where u live. dun wanna hear lyn member kena kidnapped hahaha... i better go home be a good boy so i can get some. lol .. i now maybe thinking.of buying some gold and silver coin for future. looks cool... hahaQUOTE(estage9 @ Sep 30 2011, 11:59 PM) wow...so richman there are many ppl having loaded of golds around but just that we arent aware. |
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Oct 1 2011, 11:57 AM
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Senior Member
592 posts Joined: May 2008
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QUOTE(JonYeap @ Sep 30 2011, 10:29 PM) I just found out my dad bought few kg of gold this few month. Seldom call home and this is what i hear. Lol... Hope the gold price goes up again and not fall.  Kg or Oz?, you know how much is 1Kg gold ah, brother?  Gold price will up this month around Deepavali.This post has been edited by buysell: Oct 1 2011, 12:18 PM |
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Oct 1 2011, 12:12 PM
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Junior Member
155 posts Joined: Jan 2007
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UOB selling 168,300 per KG... few KG.... easily half a million ...:0
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Oct 1 2011, 01:19 PM
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Senior Member
665 posts Joined: Jan 2003
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For some reason, the fall in gold prices seem to follow a pattern of achieving a volume if comparing the price lines to a 100-day moving average. The sudden jump in gold prices coupled with the recent sell off still seems to obey the volume similarities between the periods of rise and falls, but I don't have the graph's exact numbers to confirm this technical validity as its just an app I use on my WP7.
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Oct 1 2011, 02:16 PM
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Senior Member
592 posts Joined: May 2008
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QUOTE Bank of America Merrill Lynch maintained its 12-month gold price forecast of $2,000 per ounce The gold price held steady near $1,624 per ounce Friday closing while concerns over a global economic slowdown continued to weigh on financial markets. The spot price of gold climbed to as high as $1,635.80 in overnight trading, but relinquished its gains as the U.S. dollar moved higher against a basket of the world’s leading currencies. The SPDR Gold Trust (GLD), a proxy for the gold price and the world’s largest gold ETF, dipped 0.4% to $157.02 per share in pre-market activity. Bank of America Merrill Lynch maintained its 12-month gold price forecast of $2,000 per ounce despite the yellow metal’s weakness in recent weeks. In a note to clients, the firm wrote that “It is worth noting that falling quotations were not accompanied by substantial outflows from physically backed exchange traded funds particularly in recent days. Hence, the correction was not necessarily driven by a broad-based reassessment of fundamentals.” Bank of America Merrill Lynch went on to say that ongoing “structural problems” in Europe and the U.S. were bullish for gold. Furthermore, the firm predicted that negative real interest rates will remain in place for the foreseeable future in many of the world’s developed economies. |
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Oct 1 2011, 08:56 PM
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Senior Member
4,538 posts Joined: Oct 2006 From: Singapore
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zzz i am not stupid that i cant differentiate oz and kg. lol... i got curious why he wanna get so much too. i hope he is saving those golds to give me. lol...
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Oct 1 2011, 09:27 PM
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Senior Member
592 posts Joined: May 2008
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QUOTE(JonYeap @ Oct 1 2011, 08:56 PM) zzz i am not stupid that i cant differentiate oz and kg. lol... i got curious why he wanna get so much too. i hope he is saving those golds to give me. lol... What kind of person are you who eyeing on your dad money?! Go find your own money "UPOS"!This post has been edited by buysell: Oct 1 2011, 09:38 PM |
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Oct 1 2011, 10:48 PM
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Junior Member
164 posts Joined: Jul 2005
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QUOTE(buysell @ Oct 1 2011, 02:16 PM) Bank of America Merrill Lynch maintained its 12-month gold price forecast of $2,000 per ounce Why do people still believe in these investment banks after GFC. We all know their predictions are always off the mark.The gold price held steady near $1,624 per ounce Friday closing while concerns over a global economic slowdown continued to weigh on financial markets. The spot price of gold climbed to as high as $1,635.80 in overnight trading, but relinquished its gains as the U.S. dollar moved higher against a basket of the world’s leading currencies. The SPDR Gold Trust (GLD), a proxy for the gold price and the world’s largest gold ETF, dipped 0.4% to $157.02 per share in pre-market activity. Bank of America Merrill Lynch maintained its 12-month gold price forecast of $2,000 per ounce despite the yellow metal’s weakness in recent weeks. In a note to clients, the firm wrote that “It is worth noting that falling quotations were not accompanied by substantial outflows from physically backed exchange traded funds particularly in recent days. Hence, the correction was not necessarily driven by a broad-based reassessment of fundamentals.” Bank of America Merrill Lynch went on to say that ongoing “structural problems” in Europe and the U.S. were bullish for gold. Furthermore, the firm predicted that negative real interest rates will remain in place for the foreseeable future in many of the world’s developed economies. Really don't understand. |
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 Oct 2 2011, 01:34 PM
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Junior Member
379 posts Joined: Jun 2007
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QUOTE(buysell @ Oct 1 2011, 09:27 PM) What kind of person are you who eyeing on your dad money?! I do agree with you. You should create an investment in gold by yourself... not eyeing from another people. Go find your own money "UPOS"! |
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Oct 2 2011, 02:50 PM
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All Stars
12,279 posts Joined: Oct 2010
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QUOTE(SilverfoX @ Oct 1 2011, 10:48 PM) Why do people still believe in these investment banks after GFC. We all know their predictions are always off the mark. you are right that they are always off the mark.Really don't understand. Normally they underestimate the price of gold.......... |
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Oct 2 2011, 04:16 PM
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Senior Member
3,280 posts Joined: Sep 2005
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This thread is slowing down after price drop...
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Oct 2 2011, 04:25 PM
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Junior Member
13 posts Joined: Feb 2011
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QUOTE(Irresistible @ Oct 2 2011, 04:16 PM) This thread is slowing down after price drop... I won't get shocked if it goes up to 1750 this week |
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Oct 2 2011, 07:14 PM
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Senior Member
4,720 posts Joined: Jan 2003
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the price flat around 16xx region... personally i'm not sure which direction it's heading... so just sit at the sideline and look see look see...
QUOTE(Irresistible @ Oct 2 2011, 04:16 PM) This thread is slowing down after price drop... |
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Oct 2 2011, 08:15 PM
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Senior Member
4,538 posts Joined: Oct 2006 From: Singapore
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QUOTE(buysell @ Oct 1 2011, 09:27 PM) What kind of person are you who eyeing on your dad money?! Haha i was just kidding with that. I told my dad i dont want a single sen from him when i started working. Go find your own money "UPOS"!He wants to pay off my ptptn and get me a car, but i dont think i would want my dad money since i started working. I can still survive although i earn not too much. haha |
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Oct 2 2011, 08:25 PM
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Senior Member
592 posts Joined: May 2008
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QUOTE(conquering2011 @ Oct 2 2011, 04:25 PM) I won't get shocked if it goes up to 1750 this week By middle month maybe. This post has been edited by buysell: Oct 2 2011, 08:40 PM |
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Oct 2 2011, 09:08 PM
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Junior Member
379 posts Joined: Jun 2007
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QUOTE(JonYeap @ Oct 2 2011, 08:15 PM) Haha i was just kidding with that. I told my dad i dont want a single sen from him when i started working. Atleast you know about gold investment right! He wants to pay off my ptptn and get me a car, but i dont think i would want my dad money since i started working. I can still survive although i earn not too much. haha  |
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Oct 2 2011, 09:14 PM
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Senior Member
4,440 posts Joined: Jan 2010 From: Kuala Lumpur
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QUOTE(JonYeap @ Sep 30 2011, 10:29 PM) I just found out my dad bought some gold this few month. Where did he buy from? There are many scams out there selling physical gold claiming a certain purity. Only when its too late do they realise what they're holding isnt as pure as they think. Seldom call home and this is what i hear. Lol... Hope the gold price goes up again and not fall. |
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