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 Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings

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ALeUNe
post Sep 26 2011, 02:20 PM

I'm the purebred with aristocratic pedigree
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2 possibilities,

1) Strengthened USD
2) Drop in demand (go check the market situation in India and China as they are the biggest consuming nations of gold)


Added on September 26, 2011, 2:21 pmGold is a doom day money.
You are not supposed to sell it (unless you need the cash urgently).

This post has been edited by ALeUNe: Sep 26 2011, 02:21 PM
ALeUNe
post Sep 26 2011, 02:58 PM

I'm the purebred with aristocratic pedigree
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QUOTE(hongchai888 @ Sep 26 2011, 02:52 PM)
The title of this topic should change to 'Buying Gold As Investment V3 - $1200?, Gold drop brings worry and panic
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Gold is traded against USD.

When USD depreciates, people get panic and worry.
When gold price drops, people get panic and worry.

One conclusion, it is human factor driven. It's prone to panic and worry. laugh.gif
ALeUNe
post Sep 28 2011, 05:26 PM

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QUOTE(hongchai888 @ Sep 28 2011, 03:21 PM)
I only know gold is more valuable then oil.
*
No. It is not true.
Countries will wage wars for black gold.
Men can live without gold but not black gold (in today's context).
ALeUNe
post Oct 4 2011, 01:43 PM

I'm the purebred with aristocratic pedigree
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QUOTE(JonYeap @ Oct 4 2011, 01:38 PM)
wanna ask guys. if i buy pamp bars in sg with gst. can i bring them into msia? or do i have to pay custom tax?
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Do you travel by road back to JB?
And the quantity you're going to purchase?

If it's in small volume, I think you can just insert the gold inside the pocket and drive back by car to JB.
ALeUNe
post Oct 4 2011, 03:49 PM

I'm the purebred with aristocratic pedigree
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QUOTE(JonYeap @ Oct 4 2011, 01:49 PM)
take bus bro... not driving. small quantity. maybe just few coins. or few bars.
*
Then no problem. You're safe.
ALeUNe
post Oct 4 2011, 03:55 PM

I'm the purebred with aristocratic pedigree
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QUOTE(JonYeap @ Oct 4 2011, 03:52 PM)
must i declare in custom? or will they even check my backpack? if it is scan... then they will stop or just let me go?
*
No need. Just keep it in your wallet.
If they ask, just tell them you've been keeping this coins in your wallet for many years.
They can't "bite" you.

P/S
If you worry, I'd suggest you get someone to send you to S'pore by car.
You can easily skip the custom inspection travelling in car.

This post has been edited by ALeUNe: Oct 4 2011, 03:56 PM

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