what will tomorrow starting price be in RM? with 1811 USD/ounce still 180/g?

Gold Investment Account as at 19/09/11 9:15 AM

  Selling Price Buying Price
1 gram RM 186.1300 RM 178.6500

CIMB for today 19/9 is

Selling RM185.1
Buying RM179.7

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.

Guess you are one of those Wannabesingold  type...... 

Methinks theres someting seriously wrong with yer head matter

Is this what yer GUTS telling you? 

The Gold Deja Vu article seems more of a chart technical analysis than having the underlying reasons explained, and having those analysis to overlie the current contemporary period. While informative, it seems incomplete under current scenarios.

You know, I wonder why we can't use gold as capital for investment in general market devices, WITHOUT converting it to fiat currency.

You know, I wonder why we can't use gold as capital for investment in general market devices, WITHOUT converting it to fiat currency.

Because gold is never a medium of trade/exchange.

When you go to restaurant to eat, can you pay with 1g or 2g of gold?
Can be pay with 1kg of gold when you buy a house time?
When you make credit card payment time, can you say to the bank, I pay with 10 g of gold?

Ay, there's the rub!
Why can't I pay someone with a unit of exchange that does not lose its intrinsic value?
Modern fungibility and divisibility be a curse!

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"?

It just mean that real estate prices have inflated faster than gold

You know, I wonder why we can't use gold as capital for investment in general market devices, WITHOUT converting it to fiat currency.