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 Gold investment corner v4, Will gold price achieve USD2000 by 2012?

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CoupD'Etat
post Feb 3 2012, 06:53 PM

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QUOTE(M.Harris @ Feb 2 2012, 04:02 PM)
new here,dont want to disturb you guys or make you guys angry so i decided to read from page 1 to page 51(skip a few homeworks in between and dont really care about teacher scolding me XD) but clearly i dont understand a lot of things,you guys can call me Harris or anything you want lol,first of all sorry because of my english and my noob questions even though i read all the pages but,i got interested in gold.Is it illegal or somehting if i were to walk into a bank or something and buy myself physical gold at my age(15,16 this year),i dont have any money but 1 day i want to buy gold.my first choice is PAMP Suisse,and the only place that i know is uob bank,but the selling price of 1 gram gold is 332 and the buying price is 199(you can laugh all you want because 1 gram might sound hilarious to you guys but i think is affordable,but i actually got tempted with the big boys which is more then 100g but clearly there's no way i can afford it) ,i dont know why but i now i will regret it if i were to buy their PAMP Suisse at their selling price,second choice is public gold,but it is locally produce but the spread(i assume is the diff between the buying and selling)is really tempting.so is there another place where they sell PAMP Suisse with a really low spread?im not sure of the term spread is used correctly in my question,but i really want PAMP Suisse as my number 1(actually number 2 beacause i want a to buy a laptop for myself first) stuff i want to buy for myself.really hope that a kid like me didn't disturb you guys because im not trying to troll you guys or something.i hope you guys can answer my questions.so thank you and have a nice day,and sorry for my bad english,oh,1 more question,what if i tear of the plastic casing(if i own 1)and hold it in my hands(wow,that must be heaven or something),what will happen to my gold,like nobody in this world will buy it even if i sell it for 10% of the spot price(i hope i use the the term correctly,again,)so thank you and have a nice day smile.gif
*
gold is the most stable mineral. and it's very demanding.
from chip in pc to satelite, all required this material. biggrin.gif
u can ez to liquid your gold into cash. there is no problem to cash out. and it is accept worldwide.
dat y during vietnam war, a lot vietnamese fugitive and carry gold with them.
PUPUMAMA
post Feb 3 2012, 11:34 PM

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QUOTE(eugenetwh @ Feb 3 2012, 12:19 AM)
based on my
Powered by Galmarley (chart)

its 1759.57 USD / oz
*
Thanks for the info, seems like it gonna increase again.
cherroy
post Feb 3 2012, 11:46 PM

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QUOTE(CoupD'Etat @ Feb 3 2012, 06:53 PM)
gold is the most stable mineral. and it's very demanding.
from chip in pc to satelite, all required this material. biggrin.gif

*
Ya, most stable from 1980 to 2004, same price throughout.

Industrial use of gold is minimal, most gold ended with gold bar, jewellery only.
Industrial demand is not the driving demand for gold.
foofoosasa
post Feb 4 2012, 12:06 AM

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QUOTE(CoupD'Etat @ Feb 3 2012, 06:53 PM)
gold is the most stable mineral. and it's very demanding.
from chip in pc to satelite, all required this material. biggrin.gif
u can ez to liquid your gold into cash. there is no problem to cash out. and it is accept worldwide.
dat y during vietnam war, a lot vietnamese fugitive and carry gold with them.
*
why most stable ? blink.gif
because of the price rarely dropped a lot? hmm.gif
eugenetwh
post Feb 4 2012, 12:41 AM

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QUOTE(PUPUMAMA @ Feb 3 2012, 11:34 PM)
Thanks for the info, seems like it gonna increase again.
*
LOL!!! its 1740... might be dropping more...
PUPUMAMA
post Feb 4 2012, 12:58 AM

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QUOTE(eugenetwh @ Feb 4 2012, 12:41 AM)
LOL!!! its 1740... might be dropping more...
*
@.@"
Time to buy or unload?
Really hard to predict.
eugenetwh
post Feb 4 2012, 01:08 AM

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QUOTE(PUPUMAMA @ Feb 4 2012, 12:58 AM)
@.@"
Time to buy or unload?
Really hard to predict.
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i'll just buy when i feel its time to buy... =)

thou im still doing some homework... haven got my first gram pun. haha
ronnie
post Feb 4 2012, 01:11 AM

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Gold investment... if you wait longer the price goes up... still buy it as it will always go up in the long term
wongmunkeong
post Feb 4 2012, 01:23 AM

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QUOTE(ronnie @ Feb 4 2012, 01:11 AM)
Gold investment... if you wait longer the price goes up... still buy it as it will always go up in the long term
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ALWAYS go up in the LONG RUN bro?
Sure boh ALWAYS up and how long a LONG RUN?
IMHO, dangerous lar if newbies think that's the "only truth"
cherroy
post Feb 4 2012, 01:29 AM

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QUOTE(ronnie @ Feb 4 2012, 01:11 AM)
Gold investment... if you wait longer the price goes up... still buy it as it will always go up in the long term
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FD value also goes up in the long run with compounded interest. Somemore it is guaranteed. laugh.gif

I waited 24 years before, it never went up. 24 years consider long term or not? vmad.gif
hongchai888
post Feb 4 2012, 06:56 AM

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First time see USD drop below 2.xxx.
http://www.forexpros.com/currencies/usd-myr

Gold should have increase when USD drop, but it follow USD to drop together rclxub.gif

Good chance to buy in on Monday as I am sure the price will not exceed RM 168/gm. Too bad public holiday for 2 days in KL doh.gif
pubmut
post Feb 4 2012, 10:12 AM

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QUOTE(ronnie @ Feb 4 2012, 01:11 AM)
Gold investment... if you wait longer the price goes up... still buy it as it will always go up in the long term
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Ronnie

I have some questions:

1. Please define long term.

2. Please qualify your statement with statistics.

General terms like these only serve to mislead and propagate conventional thinking.

Regards
PM.


Added on February 4, 2012, 10:14 am
QUOTE(hongchai888 @ Feb 4 2012, 06:56 AM)
First time see USD drop below 2.xxx.
http://www.forexpros.com/currencies/usd-myr

Gold should have increase when USD drop, but it follow USD to drop together  rclxub.gif

Good chance to buy in on Monday as I am sure the price will not exceed RM 168/gm. Too bad public holiday for 2 days in KL  doh.gif
*
Hongchai888

You might want to read up on the topic of currency wars.

Regards
PM


Added on February 4, 2012, 10:24 am
QUOTE(cherroy @ Feb 4 2012, 01:29 AM)
FD value also goes up in the long run with compounded interest. Somemore it is guaranteed.  laugh.gif

I waited 24 years before, it never went up. 24 years consider long term or not?  vmad.gif
*
Compounding interest is only a mathematical illustration and does not include other factors like currency debasement, inflation, deflation and stagflation, country bankruptcies and self-serving politicians.

Furthermore, the banksters use your FD money to increase its profits manifold, ala fractional banking, hedging, derivatives and whatever other exotic instruments they can dream of.

I believe FD stands for "F**k Dem" in banksters hip lingo. tongue.gif

Regards
PM

This post has been edited by pubmut: Feb 4 2012, 10:24 AM
xproc
post Feb 4 2012, 12:32 PM

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QUOTE(pubmut @ Feb 4 2012, 10:12 AM)
Ronnie

I have some questions:

1. Please define long term.

2. Please qualify your statement with statistics.

General terms like these only serve to mislead and propagate conventional thinking.

Regards
PM.


Added on February 4, 2012, 10:14 am

Hongchai888

You might want to read up on the topic of currency wars.

Regards
PM


Added on February 4, 2012, 10:24 am

Compounding interest is only a mathematical illustration and does not include other factors like currency debasement, inflation, deflation and stagflation, country bankruptcies and self-serving politicians.

Furthermore, the banksters use your FD money to increase its profits manifold, ala fractional banking, hedging, derivatives and whatever other exotic instruments they can dream of.

I believe FD stands for "F**k Dem" in banksters hip lingo.  tongue.gif

Regards
PM
*
gold always win FD, for 1m 3m etc...

but FD is for no brainers profits sweat.gif

This post has been edited by xproc: Feb 4 2012, 12:33 PM
ronnie
post Feb 4 2012, 12:40 PM

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QUOTE(pubmut @ Feb 4 2012, 10:12 AM)
Ronnie

I have some questions:

1. Please define long term.

2. Please qualify your statement with statistics.

General terms like these only serve to mislead and propagate conventional thinking.

Regards
PM.
The above statement is my point of view..... why so serious about it ?
Long term is subjective to each individual.
If I say longterm is 12-month, would you agree ?
If I say longterm is 60-month, would you agree ?

Quinn
post Feb 4 2012, 12:42 PM

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QUOTE(xproc @ Feb 4 2012, 12:32 PM)
gold always win FD, for 1m 3m etc...

but FD is for no brainers profits  sweat.gif
*
As long it is profit, that is all it matters.
turion64
post Feb 4 2012, 03:14 PM

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UOB follow which chart? spot gold or comex?
pubmut
post Feb 4 2012, 03:42 PM

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QUOTE(ronnie @ Feb 4 2012, 12:40 PM)
The above statement is my point of view..... why so serious about it ?
Long term is subjective to each individual.
If I say longterm is 12-month, would you agree ?
If I say longterm is 60-month, would you agree ?
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Ronnie

The lurkers and participants in this particular thread include the experts down to the newbies and when you look at the questions and answers, you would have had a feel for the "serious-ness" of the thread.

Since you wouldn't make any clarifications, I'm making a point here so I rest my case.


M.Harris
post Feb 4 2012, 05:10 PM

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where can i get Pamp Suisse gold other then UOB bank.i dont want UOB because spread to high
izzudrecoba
post Feb 4 2012, 09:03 PM

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QUOTE(M.Harris @ Feb 4 2012, 05:10 PM)
where can i get Pamp Suisse gold other then UOB bank.i dont want UOB because spread to high
*
This is like saying Lady Gaga can become the next U.S. President. UOB has one of the lowest spread for the physical gold - Canadian Maple Leaf 1 oz. As for gold investment account, UOB has the lowest spread rate of 1.15%.
D-Frog
post Feb 4 2012, 11:06 PM

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Investing in gold is a long term thing or a short term? Is it the right time to buy in now? sad.gif

This post has been edited by D-Frog: Feb 4 2012, 11:11 PM

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