normally what condition the price will be corrected?

it was done before 2008 US recession??

yes thats the word, make your own judgment

buy only if you are affordable to .

sometime people need to fail to gain .

This past rise in price was very fast, it may correct drastically

Why are you buyin gold?

wow, you sure? it will hit 'big' correction? like the prediction at 1600?

hmm.. if im in 2008, buy at 1033 and buy even more at 681, sell at 1800.. profit? both still "profit", is just one earn 30% less then the other , i know everyone want to earn the most they can get, but just don't be too greedy .

like all the people advising, don't go for short term, hmm but they don't guarantee long term also profit la.

Easier said than done.

You would only stay in an investment when its taken a dive provided you know
WHY you are invested in it and not a sheeple who wants to stowaway on the boat.........

but can put it in layman language?

Know WHY you are buying gold..........Funda-mental

ok

Yup yup - as long as one has entry & exits planned ahead, it should be good in terms of risk/reward management.
Mind U, most "players" has NO exit plans. Hold until.... eventually one will want to convert one's gold (a portion) to other asset classes for balance right? or one will hold till kingdom comes? May not be U but generally some folks.

Definitely future cannot be predicted.
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

Fear and greed
Fear of missing the boat (greed in reality) Vs fear of losing $ - this IMHO is the main driver for gold.
Gold cant be "used" (ie. softest metal) by tom, d*** & harry easily, cant be eaten, cant be planted and grown, cant be used as a physical shelter, needs to be protected from theft, can be "confiscated" or forced sell by Government, etc. Gold's value is based on perception and/or scarcity.
Personally, I'd buy more gold too but based on cheap sale coz i'm looking from the similar point-of-view of bro Prophetjul (probability of gain * amount of gains VS probability of fall * amount of fall).

Bottom line: No right/wrong methodologies, just sharing so that folks go in with eyes open and not barbarian berserker style

This post has been edited by wongmunkeong: Sep 8 2011, 11:51 AM

what Bernake means by "Nothing Now, But Wait For Sept 20 FOMC Meeting"

anyone can explain more...

i think most ppl are very careful with their investment one la. should be alright as long as they dont put all their blood $$ in one basket. APPL is at its peak too but that doesnt mean one should not be buying it when u know iphone ipad iwhatever 3 4 5 6 7 8 9... are coming, unless u fear for another tech or whatever bubble then what can i say. same goes to gold when u know the debt crisis aint going away for a while.

yes never put all your $$$ in one basket.

There's a reason why people considered gold as a safe haven as the price of gold is driven by the supply and demand and is not subject to governtment manipulation. poor swiss franc investors look at what the swiss country has done to their then safe haven asset. but then again make sure ya all dont blind blind buy gold only.

sorry to say bro..

small investor like me.. last time i used to put all my eggs into one gold basket..

when the market was stable.. because i were no ideas where to invest in.. that time gold is still stable... but then now..

so volatile.. and 2 waves already... 3rd wave coming soon... gold has become more speculative now....

LOL me having seasick too

yalor.. you see the graph, you dont even have any ideas what will come next.

wait for European and US market to open then.

of course! you expecting the gold to rise further from where it is now?

wah... price drop... last 3 days 185 now 179...


This post has been edited by jerryloon: Sep 8 2011, 01:54 PM

Would you get a 917 sri ayu dinar or a 999.9 1/10 oz 2011 Australian Kangaroo for short term investment/trading ? Leave aside whether it is a bumiputra thing. Just wondering, which would be better and easier to sell in the future?