Unfortunately we are in a secular bull market for gold and silver. If you care to look at the charts, it has been rising steadily.

However, there is volatility at present with wild swings in prices. The only catch is that how wild these swings are, no one can predict with certainty.

The eventual outcome of the currency wars would mean that gold prices will go beyond what it is now, so, in a nutshell, it is the right time to buy, but I do hope that you can catch the downswing of these prices when you enter.

There are premium newsletter subscriptions that have some claim to be able to predict market moves, but then again, these newsletters cannot predict the volatility in between.

yup. agreed. mostly the national bank do keep reserve the gold bar for future use.
Y GBP is > MYR etc.....

Gold reservation.

This post has been edited by CoupD'Etat: Feb 5 2012, 10:20 PM

i think Gold is the best bet compare to FD. money value can shrink if the govt of the country has loads of debt and keep printing money out for profiteering the few. if u look back , malaysia ringgit had lost out to singapore, australia and probably other coming up nation like china .u won't be surprise that RM had never been a strong currency and they never will because the government don't have that vision to reduce their debts, maintain, defend etc it's tower.. play too much tower defense game lately. so after 10 to 20 years and still keeping them in FD, your RM 100K today is just about half of it in the future as other things start to escalate like commodities that are scarce. Land is scarce thus getting more expensive.

i let the expert or financial guru to continue from here , i might be wrong .

This post has been edited by hackwire: Feb 5 2012, 10:31 PM

Agreed. dun hold the piece of paper. it's worthless outside the malacca straits country.
gold is good to defense value shrinkage. unfortunately there is no interest if we do saving it.

recently, properties are increasing the value. my apartment bought 10 yrs ago in 80k, last 3-4 years value is 100k.
these 2 years can go up to 150k or higher.

invest earlier , the better return. so do for gold and property.

FD is a joke. especially RHB. we need to renew the FD every 3 years, else they wont provide further interest > 3 years if there is no renewal.
one more good thing is.... u cant renew it earlier.

i heard that most Vietnamese are keeping dollars and gold under their pillow rather than safekeeping it in the bank because they don't trust the bank system. we might ridicule them but they have a reason for it.. once in awhile they will take these gold or dollar out and smell it..it sort of like achievement or sense of belonging which will promote their motivation to work hard. they said if they keep in the bank, it's like sending a child to orphanage.

anyone?

Not only gold, a lot of hard asset can also, properties, silver, copper etc.

FD is not a joke for 24 years compared head to head with gold, it won with miles ahead from 1980~2004.
While if one invested in properties in Japan earlier like 1980's or US during 2006-2007, FD still won miles ahead.

Cash is not as bad as many think (yes keep cash forever is bad), cash let you to pounce and invest asset in bad time, or the asset price at distress time, capture opportunity, which can make your decent profit afterwards.

I blur blurly bought pamp swiss at the price of RM1852/10 gram on 18 Jan 12 without any knowledge of gold whats so ever coz a friend has been persuading for a long time. the market price at that time was RM1656.8. So when can i sell it with a bit of profit, say 50 bucks If i am to sell, the price would have to be minus 13% by his company

This post has been edited by goodiefish: Feb 6 2012, 02:32 PM

What company?

gold drop suddenly over these two days. wondering what is the cause?

is this the real gold u r buying or just paper like shares?
by the way ,just saw in paper today that habib jewel is selling some new year dragon design by pamp swiss. anyone knows if buying from habib or UOB got any difference?

It's real gold..

why u need to pay his company 13% some more??? commision??

Uh... I think so

oh ! oh! u just got yourself in twillight zone...

ya was wondering about this too

Do you have the physical gold bar in your hands at all ?
Possible another Genneva scheme

If you put in FD from 2001 to present, you lose value like aton of brick dropping down.
FD does not beat inflation.
From 2002 to present gold in ringgit terms gained 18% compounded growth
in USD terms gained 24% compounded growth

AND thats NO joke.......

No, the gold bar with me. I don't think he will cheat, he's a good friend. What i want to know is when can i sell it with a profit minus the 15%. I bought when the gold price is at 1656.8. Today i see is roughly 1720. By my rough calculation (don't really know how to calculate actually ) i can have a bit of profit if i sell above 1900?

Do you have to sell back to your friend's company only ?