Dont be silly.......gold has not return more than 35% in a year in ringgit terms in the last ten years...........

Even yer statement is ridiculous..........long term and 1 year..........1 year is not long..........

Mistype should be 2 yrs

Even that is speculative.....there are no guarantees......especially when someone buys gold at the rising price.
We may see still see the gap at $1675 to be closed.

In 2004, gold returned 'only' 5.37%..........so theres no guarantee

You message is misleading..........even with 50% over two years

maybe he trying to "hope" for 50% ROI in 2 years...

maybe he looked at the performance of last year to this year which is 48% at the moment which is occur once in a blue moon?

but 2004 is so old liao.. did you see the trend of recent year? 2010, 2009?

theres no guarantee, but confirm is the return will be there, even 5.37 is better than fix deposit saving.

Whats with the asian markets going red today. dow n nasdaq were having a green night yesterday thought the asian markets would follow.

True - 2004 is "so old liao" + 2009-2010 spike.

Ever heard of "the more things change, the more things stays the same" + "this time it's different" which is usually followed by "oh oh.. crap"?
Look at gold's spike in 1980s and the subsequent fall and flatline until about 2001-2002. Yeah - different circumstances but prices usually move based on greed/fear right?

History is history to be long forgotten... until it happens again.. and again.. and again.. This time it's different! Which may be right but er.. statistically, i wouldnt bet on it

Just a thought.

BTW, comparing gold to FD is akin to comparing jets and scooters . One's speculative for trading on price/volume movements Vs another is lending $ to the bank "safely" (depending on what safely means to one lar).

And since U posted 5.37% is better than FD, what about bonds and bond funds (averaging 5% to 6%pa compounded)? heheh - okok, i'm being a donkey comparing apples vs bhut jolokias

This post has been edited by wongmunkeong: Sep 8 2011, 10:33 AM

The way hes written, hes so sure.....do the maths at 50%........

If you buy HIGH, you may not get the 50% in two years, let alone a year.......

This year to date, gold has alreadt risen 24.68%.......means if you buy NOW, you maybe buying HIGH

So, whats the probability of making another 25%???

In the last 10 years, gold has not returned more than 24% in annual gains, only 4 years more than 20%

SO do yer maths on RISK/REWARDS..........

This post has been edited by prophetjul: Sep 8 2011, 10:28 AM

bro, U should encourage these fellows lar since U bought at nearly all time low, since they're not statistically inclined and think gold's the greatest
Let them chase it higher (and U know what to do lar )
In trading, it's a negative (including brokerage/middle-men costs) sum game, gotta have a someone holding the last bag mar

This post has been edited by wongmunkeong: Sep 8 2011, 10:32 AM

Wall St closed 2.5% higher, following the German court’s rejection of
lawsuits barring bailout assistances to Europe. Market also gained
ahead of Obama’s USD300bln jobs proposal Thursday. Banks gained
following the management shakeouts at Bank of America. Gold
tumbled.

So do you think it will fall further?

Dont want to see gungho newbies getting hurt and giving gold a bad name like some MLM
sellers here.

Many are just jumping in the bandwagon without proper research and making obscene
projections without qualifying numbers and statements.
Some people may just get injured financially

congratulation who bought yesterday.. gold seems like boosting up his gears...

obama 300billions will make QE3 come faster..

ya, i was on that band wagon, good start for a petty player like me

the word "maybe'? you would like to buy at affordable price or even miss the boat?

"HIGH" is very subjective for different people, some people might have the capital to go in high while other wait for low end, but eventually it will go up again, it depend how much you would like to profit from there, set your target and go in with your affordable capital, you will never know when it will be lowest or when will it be at highest.

enlighten me, where will it hit the lowest? i know everyone will want to earn with the highest margin, but you 'might' miss the boat.

btw, this is my personal thought and it might not promise a good return

it fell slightly bellow 1800 last night but is going back up now since the opening of asian markets.

i have shown you some figures...........its up to you to judge whther the risk is worth it
or you are just a sheeple trying to jump on..........

Yeah right. dont trade the gold for short-term, hell care the 'spike' or 'flatline' if you dont even sell it eventually you 'might' be earning right?

yeah good for looking back at history and the graph, but can you confirm the future can be predicted?

i will only say buy if you afford at that price, you won't know when it is lowest or highest except if you came from future

And dontwet in yer pants if gold corrected like in 2008 from $1033 to $681..........

Thats 34% correction from high..................