Quinn already give up on the gold investment thread already...no need to talk about him anymore..

luckily i am getting it for long term, otherwise looking at the instant drop after just buying it last fri will surely increase blood pressure of those s/t buyers.

thinking of buying extra today at RM166+ CIMB, then change my mind, lets wait tomorrow and see how

Banks Gold Pricing in Malaysia does not follow spot price, they adjust their price based on World Gold Council price. There are 2 different things you know. Gold spot price only good to tell physical gold price in Malaysia.

Me or you don't get it at all?

Why sound so angry? So easily upset with people words later blood pressure high not good for your health.

This is a forum, my reply is not meant for you only.

When you can invest smartly and enjoy the benefit, why waste it on being in denial and keep bank on the notion that in n years time, you will get back your profit when you can get it back without waiting that long?

News and technical analysis alone does not give you the whole picture where gold is heading.

Since gold forum v1, I have learn from forumers here to trade smart, if you are smart enough to come online, then I am sure you have the ability to think,research and make proper judgement.

Gold can be bought with money but when gold's value drop, you cant eat your gold can you? Everyone can see for themselves the volatility of gold.

To newcomers trying to invest on gold, don't always give yourself the excuse that "after n years, I can recover the lost".

Trade smart,not blindly.

hi all, i m new to gold investment...

wanna ask about gold bullion coins...(sorry that i didn't read thru all the 100++ pages )

i wish to buy gold coin for investment...preferable kijang emas or gold mapple coin (1oz)..

wanna know where can i find the reliable seller / trader?
which seller / trader charge low spread?

so far, i only know:

Kijang Emas sold @ MBB
Mapple sold @ UOB


thanks

Good points there. But 1 thing though, as you said, news & technical analysis can't give the whole picture and also which direction (up or down?) it will go. We might also want to consider manipulation by the big players (JPM? That story true or not ar?). Take yesterday & today for example, out of the blue or based on the slightest rumor gold & silver crashed like crazy. Even as I'm typing this silver just crashed 0.40. Were there news of 8 thousand tons gold motherlode discovery? Were there news of alternative cheap technology that replaces silver for industrial use? If not then why the crash? If this is not manipulation, then I don't know what is.

For me I only invest in gold long term with money that I can afford to lose. For those that I can't afford to lose, I put into safer & less risky investments. I'm not a smart trader coz I'm not that smart, period That's because for all I know, by trying to trade smart I might end up keep on buying high and selling low and losing even more money. Hey, although can afford to lose, its still better to profit than lose ma

Therefore, I shall hold and wait for that "n years" to recover the loss. Unless someone can show me a better alternative that's worth enough to even liquidate my gold holdings at a loss now?

This post has been edited by bigwolf: Oct 21 2011, 01:19 AM

Anyone interested in a PAMP 5g bar for RM960?

What a ridiculous statement, 0.40c dip, you call it a crash? 40c is just a blip, don't tell me if Silver drop 40c then it must be a manipulation? Sigh this "manipulation" phrase has been used to death again and again without knowing the real meaning.

Some points

First of all, i am not smart........it seems the smart ones do the tradingin/out frequently.
i am not smart.
i have been holding gold since 2002, not a single oz sold.

My friends were smart. They traded out of gold and never went back.
They traded into gold and got stung by 2008...............some sold, some held.

If i was smart , i be in the stock mkt rather than gold, cos i be making tons of $$$$ trading in/out

i cant afford to lose on gold either. Half my assets are in gold/gold related assets.....cant lose them....


so HOW?

a)!st and most important ?Why are you in gold? There are many many other assets classes out there.
Are you here because its the flavour of the season?

b) Next what do you know about gold?

c)Why do you wanna lose money in ANY assets? Go back to a) & b)


e)Why sell when price is depressed? Did you make a mistake? Go back to a) & b)

f) Are you a offthehiptrader or longterm horizon investor? Go back to a) & b)

Confused yet?

Thats gold for yer.........

Wow, one of the veterans. What got you into gold? Did you foresee back in 2002 regarding the debt and paper currency crisis we were going to have? I only learnt about it in 2008..

i was introduced to gold in 1999 by a preacherman!
He showed me the tricks used by unscrupolous bankers and financiers.
talked about derivatives and gold is the real deal.
ANd how he sees the financial crisis thats gonna evolve in time.

Studied the stuff and saw how Greenspook gave easy credits and stuff to build up all thise financial bubbles
for a financial Armmageddon....with another person
This person gave the signposts for gold to eventually take its place



at that time,i did not realise that it could be so bad.....didnt realise that U.S crsis could evolve into
an international crsis

used to be, a 0.40c movement in a DAY is big news for silver. and yesterday it was around 0.80c drop in around half an hour. gold dropped around 10.00 within the same time. now i dont claim to be an expert on the manipulation stuff which is why i'm asking if that story about jpm is real or not (for all we know wynter benton could be a kid behind the pc in the basement of his mother's house making the grandest joke of the century) but i dont think sharp movements like these in precious metals market are normal

Used to be, Silver was 8 dollars. Used to be Silver was less than 20 dollars. Even when Silver was less than 20 dollars it made over 1 dollar moves. Now Silver is over 30 dollars, what is 40 cents? What is 80 cents? 40 cents is less than 1.5%, 80 cents is less than 3%! So 40 cents is just a small movement, completely irrelevant to the big picture.

This post has been edited by eXTaTine: Oct 21 2011, 10:23 AM

@ Bigwolf..i agreed wit u. Really wonder what's the real cause affecting the decline of the gold n silver spot price..need someone to share in more detail..tQ !

i learnt in 2006 started with peak oil then followed by financial crisis etc.
only start buying in 2008. procrastinated for 1.5 year
There isn;t much place left to put our $$ in for working class people like me
Either precious metal, 1-2 property to stay, stock -sucks for me,

just looking to buy some land and become a farmer but now many issue got to address .
land too expensive, too far away to maintain now unless resign, then no $$ etc...
whole string of issues.

No such thing as long term investors who can afford to wait xx years... No one can predict when you will need the money..

I am not cursing anyone but who knows something bad happen and you need money?

Maybe the only real truth i personally know is no one has a crystal ball and no one(at least normal working class ppl like me) can predict what will happen... If long term guarantee can get rich also i sure will participate..

Those of you invest 2002 maybe can earn from current price... What if those invest in 1992 and wait 5 or 8 years? At those period, got really earn a lot? If you mention invest long term, are u willing to wait 10-20 years if gold price suddenly stagnant?

Just some food for thought...

I am not rich... So my words not really qualified as a good advice...

To that i will point you back to

a)!st and most important ?Why are you in gold? There are many many other assets classes out there.
Are you here because its the flavour of the season?

b) Next what do you know about gold?

want to share with you guys about this video