However if one chases up something that is already in near historical high (either based on inflated or non-inflated gold prices), the statistical risks are more than the rewards as bro Prophetjul stated. He's good hearted and just wanted to share some basis in order to view things from a risk management point of view. In fact, he has all to gain if people keep going gung-ho

400g at what rate you brought that time?

RM 90? wow....

That's 100% in less than 2 years...
   

Support this idea.
This thread has turned into petty talk rather than serious discussion.

  200g......    how many years u save up till that amount?

Wow.. Haha.. U sure Tuesday US will announce some bad news to stimulate the gold market？

Now looking at the gold price keep dropping, I totally no appetise to eat... Sad...

Hey, dont lar like that bro Prophetjul - it's called Prosumer (bastardizing the words "professional" & "consumer") of olden direct scamming oops marketing era mar

Eh - not a bad deal leh for risk takers if the scam.. oops, the scheme, IF it's still around for longer than 5 years (like Madoff's),
based on my neophyte assumptions & calculations posted in http://forum.lowyat.net/topic/2023951/+115 ("I am preparing for Global Recession, Be cash rich" thread/topic). Of course dont lar re-invest and call the whole village to join in - sure implode one day (but that day may be loooooooooong off or tomorrow  )

Just for your info only especially the last sentence.

In the clip below, Mr. Faber says precious metals may fall as QE2 ends, and before the next round of Fed printing begins.

Some quotable notes from the interview with Mr. Faber, author of Tomorrow's Gold:

“I still like gold and silver. I think it will go down for the next three months or so but I wouldn't short them.”

“[You should] keep on accumulating gold.”

“Not to own any gold means you trust central bankers and that you don't want to do in your life.”

http://youtu.be/IdgBW-DgiA8

Gold possible outlook for the week..

XAU has formed an inverted hammer in a very important S&R region. On the daily chart, it has closed below the Kijun Sen. Base on previous historical pattern, when gold closed below daily kijun sen, the yellow metal will go either bearish movement or consolidation movement. It has to break 1840 for the bull to resume.

You decide what's best. I may be wrong    Only the market is always right! Tighten your stops.

QE2 has ended months ago.. but fear not.. QE3 is coming.... 

Read this Gold 1980 Deja Vu?. If it is true, gold is going to double by year end.

But no one really knows for sure how high gold will go up and when it will crash. Want some thrill, go invest in gold today Click here to read my article titled Gold Stocks Gambling.

Well, I don't know much about investing in gold except that it was USD800/oz in 1980 and by 1983 it dropped to USD300/oz. I love gold, in my 20's I liked to wear 2 gold bracelets at one time (I bought many over time as I kept losing them and finally gave up, as every time one disappears I was literally throwing away a few hundred Ringgit). Like I mentioned in the earlier paragraph, my grandmother bought gold, but she bought it not for investment but as gifts for me in the far future. I also buy gold for my wife and myself but not for investment but because we like it.  And we won't be selling the gold we/I bought for money as the gold we have carries sentimental value. My wife and myself would most probably past it on to our next generation with the hope that they will pass it on through the generations, I guess that's what the financial people term as Preservation of Wealth (not really, I am just kidding on the term) haha.

Well, the long term chart just turned negative. Actually, my guts have been telling me that market will crash since 2 years ago, but instead it went up. Which is good because I had made more money from stocks and unit trust which I did not dispose off last year but I have been consistently selling off my unit trust periodically to lock in profit. Actually, earlier this year I even bought BIMB since I thought it was cheap relative to other banks and made some pocket money, but once again I sold it too early after making 30% profit ( in less than 3 months, so if you annualize it, I made 120% profit!). The price of BIMB doubled eventually from the price I entered! But the game is to make money and you guys by now would know I'm a kiasu person, hahaha.

Playing stock market and gold, you either make money or you don't. So, once again the chances are 50:50, hahaha. I am sure you guys who are investing in Gold are very well aware that Gold was USD800/oz in 1980 and dropped to USD300/oz in 1983. So, it is not to say that you won't lose your hard earn money if you invest in gold. Remember Oil prices in 2008, people were saying that it could reach USD200/barrel but it did not.

Gold doesn't lose its intrinsic value?
Gold doesn't have a value at all.

Its value is based on fiat money system, aka how much you will pay to own the gold.
Ain't you see gold price now is USD18xx or 1900?
Its value is coming from or based on fiat money. 

You can lose money with gold as well.
Last time 1kg of gold can buy you a bungalow.
Now 1kg of gold is not even enough to buy you medium 1000 sqft apartment.
Tell me how it is not losing "value"?

1 day drop $20, next day up $20, nuts...

gold is supposed to be long term steady investment. only the past few months prices start to swing wildly

$100 daily swings? By then I'm already out. Risk appetite not that great 

2008 was a bad year for gold, but I was looking from 2001 until now. If someone invested gold in 2001, he would still be earning at 2008 

yah! I got sleepless nite in 2008 when I brought at USD1000+ RM3200+ in Mar 2008 and it drop to USD700+. RM2700++ . in August 2008
RM500/oz differences.  few months holding paper lost.

after that, it recovers to RM3500+ I sold off quite a bit then price blump2 goes up to 4K.

that time don;t know how to see technical.

Hi,
Could you share your strategy from 2001 to now. R U doing dollar cost averaging. Every month buy 1 oz etc.
Let us know.
or E.g
2001 :- RM20K
2002 :- RM30K
2003 :- RM40K

how is your trading model? when you take profit ?
etc.

U always reply using very technical japanese term which most of us didnt understand. . maybe it will be good if you can explain in a more plain language of what u r trying to say.thanks

I'm glad u asked. Kijun sen is among the respected line in ichimoku. If price has been testing it so many times, it means the bear is stronger than the bull. Thus, I am still expecting more bearish movement. 

Even when I explain I also don't think much ppl will care. The only thing ppl wants to know is where gold will go. Or pray hard it goes higher because they bought gold at the top. Or easier to ask if it is the time to buy.

If you want to do an investment, pls at least try to equip yourself with some knowledge. This is one way to help u minimize your risk.

Wish u all the best.

Now? I sold long time ago at 1788 base on H2 chart. 
Long time ago i already said i only hunt for sell entry.

Gold price falls sharply, buy or sell ??

Wrong question.

Gold will make many investors frustrated in the next two weeks.    I believe many will lose even more money. That's just what I can see from my gold daily chart.