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

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Dackson
post May 18 2012, 08:10 PM

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last year WB said 3kUSD/oz long run..
This year gold growth slow down to 13%, 2.1kUSD/oz. If avg, around 2kUSD/oz perhaps.
If QE3, US currency will goes down. M'sia politic still remain unchange, probably will make the currency goes down even.
Let said QE3 happen at 1USD=RM3.3. At this rate probably buying gold at <1450USD/oz.
then USD go down to ~2.6.

1oz, u use about RM4350.
at USD2.6, you lost 21% in the currency, gold may be about 1670USD/oz = RM4316 or 4600. Hvnt included MRY downgrade effect.
So, store it longer.
Sorry, i dnt know how to present it in a better way.

This post has been edited by Dackson: May 18 2012, 08:22 PM
Dackson
post May 19 2012, 12:13 AM

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QUOTE(WintersuN @ May 18 2012, 10:59 PM)
Will buy 20g when price around 150

Added on May 19, 2012, 12:11 amI want ask if open UOB gold account need to have saving accound also?

cos when wanna sell the gold if got 10k invest always need take the cash?
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if not mistaken. need, u need to open two account ~
Wanderinng, can open both account 1st, but park money at there without buying it 1st.
like parking money at trading account 1st ~

This post has been edited by Dackson: May 19 2012, 12:17 AM
Dackson
post May 19 2012, 12:39 AM

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last few day, 153.8 around 150 ald ~
Dackson
post May 19 2012, 10:54 AM

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QUOTE(whyee @ May 19 2012, 09:04 AM)
is that price buying or selling....
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bank selling price = out buying price

QUOTE(ronnie @ May 19 2012, 09:53 AM)
You can open the standard/basic UOB Savings Account first... the Gold Savings Account is separate.
To invest in Gold, you transfer funds from Savings Account to the Gold Savings Account.
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how long it need to take to transfer the money back ?
Dackson
post May 19 2012, 11:10 AM

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QUOTE(whyee @ May 19 2012, 10:55 AM)
actually not too bad, those who went to uob tuesday and wednesday, already started making money.

Added on May 19, 2012, 10:56 amimmediately transfer money at the counter.
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they they manage to buy at the cheapest price.
They make about RM4 per g. so 20g, earn RM80 ald ~ just for 2 days.
Dackson
post May 19 2012, 11:20 AM

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QUOTE(WintersuN @ May 19 2012, 11:19 AM)
I mean around la not necceseary need 150. COs last few days around that figure but i no money invest... and now going up sad.gif
now go up again..
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I got saw it ~
just wandering will it come down again at 1700 there or 1660??
SMA 200 at 1700
CrossOver at 1660
It probably need 2-3 days to shown RSI in >80% bull, whether SMA and EMA will cross over again ?



This post has been edited by Dackson: May 19 2012, 11:32 AM
Dackson
post May 20 2012, 11:35 AM

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Luckily last friday it slow down abit ald ~
Although the indicator show strong buying signal ald, why I still believe the GOld will come down ?
I'm not urgent with GOLD, sound like i want to fish something else which hv co-responding with gold~

This post has been edited by Dackson: May 20 2012, 11:38 AM
Dackson
post May 20 2012, 12:19 PM

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QUOTE(TruthHurts @ May 20 2012, 11:45 AM)
I wish it will go down to 1500 so i can get more again .. huhuuuuu =.= ~~
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Dnt know when ppl dnt want anything except cash ??
Dackson
post May 23 2012, 09:52 AM

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QUOTE(prophetjul @ May 23 2012, 09:16 AM)
Shorties are on control of the Miners.........  mad.gif
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Deman make business. Demand > production, result increasing in price.

Gold come down again ~ lol So fast MACD cross ~
Dackson
post May 23 2012, 10:18 AM

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I want 149 ^^
Dackson
post May 23 2012, 10:56 AM

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UOB if you can go to UOB anytime as you want during office hour.
Why, UOB no online trading for GOLD.
Their spread price (price differetn between buy and sell) is the lowest.
Bad thing, new account min 20g GOLD purchase.
sell min withdrawl multiple of 5g if not mistaken.
Min balance in GOld saving account is 10g.

An administrative fee of RM2.00 will be charged per month if the balance of the account falls below 10gm at month end

http://www1.uob.com.my/business/GMIM/GMIM_pga.html
Dackson
post May 23 2012, 12:53 PM

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QUOTE(sovietmah @ May 23 2012, 11:40 AM)
if not mistaken, i read an article before.
the current original modal cost is bout USD 1100 per oz.
which means operation cost, mining cost from the ground until bringing the gold for extraction and process, is bout USD 1100 per oz.
So no way gold mining company will survive if gold price dropped below USD 1100 per oz.

assuming the gold price really drop till USD 1100 per oz, gold mining company will stop mining gold that time to avoid lose. And gold price will increase back again when supply lower than demand again.

assuming RM3.1 = USD 1 dollar.
1 troy oz = 31.1 grams.

USD 1100 * 3.1 = RM3410 (1 troy oz)
RM3410 / 31.1 = RM 109.6463022508039
So the very very safety level is RM109.6.

Correct me if i am wrong.
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1100USD/oz ? around RM 110/g oh~
meant need it drop more on GOLD. OFr it to drop more, UDX (UD dollar index)need to again about 13.3 unit = ~ 95 for you to see GOLD at 1100USD/oz. Probably will make RM4.3=1USD correct me if I'm wrong <--- this one not sure. when USD goes up, MYR probably go down, it's not profit to buy gold.
Or else, all ppl dnt want anything except cash. Then, we will see CI at below 1200 or can meet at 800, DJ below 10k or meet at 8k ~ All share goes down, company bankrupt, properties drop, jobless increase.
After 10years, I will become prirated version of warren buffer if have the fate.

This post has been edited by Dackson: May 23 2012, 01:01 PM
Dackson
post May 30 2012, 10:38 PM

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huh~ 1544USD but gold still RM159 =__=
wandering will it hit below 1500 ? hmm.... M signal, forming the final leg ...
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