pok gai liao...

if everyone know then no more beggar right?

i bought few grams at RM170 and Rm165, trying to average it as much as possible because i dunno where is the bottom line. could be Rm155 could be Rm150 or RM140

no more money already...

I believe most of the people selling their gold now to fund and pay the debt in the share market.
At every beginning of financial crisis, watever also drop include the gold, and gold will slowly increase back later on in a short while.



This post has been edited by sovietmah: May 17 2012, 11:14 AM

Thank you.
So now the best time is to keep your cash flow, wait for bottom.
You will know the bottom.

No idea about silver.
for graph please refer https://www.google.com/finance?catid=64980108

I believe gold will down down further.
The europe crisis only begins, not even half way.
You owe people no matter how you will still need to pay the debt.

I believe we are somewhere here.

Look at the orange circle.


This post has been edited by sovietmah: May 17 2012, 05:46 PM

Rm161 per gram now (maybank)

I looks like professional but i am not professional.

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.

I didn't say it will reach RM109. but that's the safest level.
Overall i wanna tell you guys about the capital cost of gold.

you always need money to take back your item one right? so sounds like giving out unneccessary interests.