See which one has the greater move.
After all price of gold here = spot price x USD/RM exchange rate.

1980 gold = usd 850... 1980s= 300-400

Why gold drop so much ?

People go to cash ?

Enter market....!!!

Why gold drop so much ?

People go to cash ?

What's the reason behind ?

there's alot reason for the gold price up n down. You dont need to worry so much if you holding the real gold on your hand, unless you holding a gold saving bank book with numbers inside

This post has been edited by kakiayam: Nov 18 2011, 12:30 PM

anybody bought thier gold today?

hehe...

y do you say so?

its very low but not yet low enough to kill the spreads...

after today no drop more then monday probably will hold or bounce back a little....

why do you buy gold?

still havent bought it cos people say will drop summore..

just wanted to know why no need to worry if holding real gold than bank book gold..

many things i still dont know.. sorry for my noob question

Same one lah.
Paper gold or physical gold, if spot gold price goes down, both value goes down.
But it doesn't matter if you are not going to sell it or intend to hold it.

Lose/gain doesn't materialise until one day you sell it.

Even you hold paper gold, you hold x g or x kg, it is the same with holding physical gold.

its hard for me to explain, you can buy bank book gold to earn money and thats your reason why u want to buy gold. For me, my view is gold and silver will be the currency in the future, but not really bringing gold and silver go shopping of course. I mean i predict that USD will collapse in the future, so do our currency will collapse too because most of the currencies backed by USD. When the time come, no matter how many thousand paper currency you have in bank, you cant buy anything because no people want to accept it. If you want know more about gold or silver, there is few videos you can find in youtube. Let me show you the american dream

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Added on November 18, 2011, 3:28 pmyou are correct from the above theory. What if bank facing bankruptcy? What is bank suddenly change their terms and cant withdraw physical gold? Bank has the rights to change anything without further notice. So im telling him what his purpose to buy gold. If he wants to generate some 'cash' then buy the paper gold, if he buy gold because he has the same thinking as me, then get the physical gold. No matter how, please do not borrow money to play with gold/silver, there is only 2 ending, either stay in heaven or go to hell.

This post has been edited by kakiayam: Nov 18 2011, 03:28 PM

The theory is flawed.
There is impossible to have 2 currency at pair to collapse together.
If USD collapse, and RM also collapse, exchange rate will remain the same at 3.15.
Also, no currency is backed by USD, irrelevant.

If we do reach that stage, all paper money cannot be used, you may worry more about war, aka the society become chaotic, and your gold in your house may be robbed or even confiscated already.
When you need gold to buy foods, you better worry about your life and your family safety, not gold anymore.

If buy gold because of worry about currency become devalued due to inflation due to massive money printing, then yes, it is logical.

But to say USD collapse and RM collapse and so does the rest of currency also collapse, every paper money cannot be used this is flaw already.

Currency exchange work in pair one.
If USD does collapse, it just means at least one currency is appreciating, just like Yen recently.

Yes, if you view bank will bankrupt, please buy as much as physical gold you can, as well as borrow as much as you can to buy gold.

This post has been edited by cherroy: Nov 18 2011, 03:46 PM

if u still not make 1st move to buy, u will not get the feeling.just make a move rather than to listen to others prediction bla bla bla..

Btw, i place an order 10g gold and 100g silver from public gold today...lalalalalalala...

How many countries are borrowing money to the US? When the USD collapse im pretty sure that the other countries unable to get back their money. Which country borrow the most to the US? Where did malaysian bank invest to? Im not talking about foreign exchange and of course i know foreign exchange works in pair.

Why did the US hold the physical gold instead of paper gold? They could save alot if they hold the paper gold and not building such a big vault, they could sell off all their gold to pay off some of their debts and purchase it back in the paper gold, why they didnt do it? Why recently many countries start to store physical gold? Why not diamond, diamond is more expensive than gold. Why not platinum??

i just bought a few grams this morning,
This morning price in maybank drop like RM4 compare to yesterday, at RM178.01 (8am).
And then it goes up RM179.00 at 11am and now is RM179.17 (2pm).

I was so worry maybank don't let me to buy this morning, transaction only open at 9.45am.
RM178.01 price is the lowest in last 3 weeks.

Very regret why I keep listening to people where I never bought it at price RM168 4 weeks ago.

This post has been edited by sovietmah: Nov 18 2011, 04:57 PM

LOL, USD collapse cannot get back their money?
Who said this?
USD collapse, it is even cheaper for US to repay back to the lender.
It is lender hurt the most, not US.

Malaysia bank invested in loan mostly, especially housing loan, corporate loan to ordinary people and company locally.
So what it has to do with gold discussion here?

LOL, who want to have paper gold?
Paper gold is only for ordinary person or anchovies or small fly like me.
Because for small fly like me, storing physical risk is high.
If situation turn ugly aka when you need gold to buy food time, I am scare of my life and my family already, I don't care about gold anymore.
Only certain high ranking people care about gold.

Central banks do not need to invest in paper gold, they can print the money if they wish do.
Paper gold is just for investment purpose just like invest in equity, properties etc.

Countries store gold because there are simply too much money already, nowhere to store the money received (USD), so store gold loh.
Treasuries return is pathetic and want to spread the risk of USD devaluation.

Gold is tradable in futures market, can easy get the liquidity needed.
Diamond is not.

Dont argue too much la about economy will collpase until money is worthless to buy food.there is no such thing will happen....haiyaaaaa...

bought 100 gram yesterday , finding another good entry for next 100 gram