Gold is decreasing again, last chances to buy more tomorrow.

You get hit the nail on its head, why gold cannot be used as medium of trade/exchange.
That's why gold was ditched as medium of exchange.

If there is 1oz gold, which can buy 1 chicken.
Now you grow another chicken, there is no more gold, nobody can buy from you, you cannot make a sales, except 1 chicken.
So you grow 10 chicken also no use, nobody has the gold to buy.

If later on, 1oz of gold can buy 2 chicken, why I want to grow 2 chicken in the first place, I better of with 1 chicken, I get the same amount of gold.

If my 1oz of gold can buy 2 chicken tomorrow, why I buy today? I wait for tomorrow that I can buy 2 chicken.
Wait, another day I may able to buy 3 chicken, I delay further.
No chicken is sold in the process.
Economy died down.
You hinder the growth, due to scarcity of gold.

Fiat currency is good if central banks are prudent enough to control the inflation and control the money supply according to the needs of economy.
As long as there is self-discipline on money supply, it serve good to all.

there always silver bro.

any they making a smaller denomination of silver nowdays. even 5gram of silver bar is available in malaysia

So try out restaurant or supermarket, see they accept or not...

Gold and silver prices are shooting down drastically. Anyone know why?

ya.. i'm also curious...
US / Euro announce some "bad" news?

this is very strange. usually ppl flee stock markets & park their funds into gold. but now both also down?

unless they're liquidating gold again to cover stock market losses?

lucky sold part of mine just now, wait till Thursday and see, it might still go down.

but now it is dropping sharply...
within 30 minute only, drop from RM 182 to RM 178.5
dropped RM3.50

i read a news saying that Obama is going to announce something on later 10.30pm.
not sure is it related to this...

No chance, tomorrow Malaysia Day no.2, bank klosed

My financial friend say it might drop till 1750 soon. Very strange gold keep dropping recently, maybe USD went high.

This post has been edited by hongchai888: Sep 19 2011, 11:03 PM

Malaysia what day oh tomorrow? Tomorrow holiday?

Hopefully no suddenly announced PH tomorrow, really need to restock gao gao if price maintain 177 or lower

Wow.. DJ is down and gold is also dropping.

Strange.. Or is it because Fed is not printing more money??

Many US people panic! So now see a little bit price up goes up on asia time quick quick sell out large sum of gold.

if its going to go down, then hope it goes down real gao, best would be low RM17x, then next morning rush to uob

why would there be a public holiday tomorrow??

Because hongchai888 said so.

And 1.00 USD = 3.11400 MYR so gold price drop because hongchai888 said so too.

If price drop till between 1775-1779, then tomorrow price should be around RM 178

wahh.. this hongchai888 fella must be very powerful guy, yeah?

No chance lah, tomorrow wake up gold price already in heaven.

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Added on September 19, 2011, 11:31 pmNow only you know meh? Everytime gold price decrease hongchai888 will be here commenting one, I caught him many times already hehe

This post has been edited by buysell: Sep 19 2011, 11:31 PM