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Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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SilverfoX
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 Jun 5 2012, 06:06 PM
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Getting Started
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QUOTE(EddyLB @ Jun 5 2012, 04:25 PM) Paper gold can convert to physical gold. So to me, there is no difference. Paper gold save me a lot of trouble for keeping it safely. And it is cheaper too If we talk about inflation, I dont think gold is a good hedge against inflation. Look at the US$ price over the years : 1975 US$150+ 1980 US$600+ 1985 US$300+ 1990 US$300+ 1995 US$300+ 2000 US$200+ 2005 US$400+ 2010 US$1200+ 2011 US$1500+ (highest US$1900+) http://www.nma.org/pdf/gold/his_gold_prices.pdfIt goes up and down. If you bought in the early 80s and sell in the 90s, you actually lose a lot of money ! Only in recent years, gold made a lot of gains I treat gold as a high risk investment. I think property is more of an investment hedge against inflation. Malaysia property prices steadily goes up with some minor adjustment along the way. It has not come down drastically before (yet ?  ) +1 Gold is a lousy investment with unpredictable returns. Its like gambling, you need luck. I buy physical gold as hedge against crisis. ie when there is a war, collapse of monetary system etc. I only buy 1 oz bullion coins, easy to store, easy to sell. I only buy with money that I can afford to lose i.e around 5% of my total networth. Paper gold is useless in crisis. Just my 2 cents. |
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SUSWintersuN
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Jun 5 2012, 07:14 PM
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gold is small investment how many ppl can afford buy property for investment  |
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potenza10
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Jun 5 2012, 09:01 PM
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Oh no..not again.debate about gold can hedge inflation, paper gold vs physical gold..
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n305er
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Jun 5 2012, 09:04 PM
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Unpredictable will be those investments which actually drove people to suicides before.
Gold has the potential to make people loose money, but never bankrupt or near bankrupt. Unless your gold got stolen la.
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EddyLB
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Jun 5 2012, 09:27 PM
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QUOTE(WintersuN @ Jun 5 2012, 07:14 PM) gold is small investment how many ppl can afford buy property for investment Bro, have you heard of REIT arr ? |
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doraemonkiller
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Jun 5 2012, 11:03 PM
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QUOTE(cherroy @ Jun 5 2012, 05:00 PM) Gold does not? Gold was USD 500 in the 80, now USD 1600. But a cup of tea that cost RM0.30, now RM1.20 A bowl of mee, that cost RM0.50, now Rm4.00 How to explain this. 
Added on June 5, 2012, 5:03 pmA 500 FD in 80's after 30 plus year compunded, also become around 1600 You forget the income part
Added on June 5, 2012, 11:05 pmQUOTE(cherroy @ Jun 5 2012, 05:09 PM) Money devalued? A FD 500 also become 1600 after 30+ years, same gain with gold price! Based on my example given is to point that gold can be a poor hedge against inflation. Unless one bought gold in the early 2000, or prior before gold surged from USD300 level, after "hibernating for 20+ years. If the price of item has higher inflation rate than the interest rate of FD, then that is why money devalued. This post has been edited by doraemonkiller: Jun 5 2012, 11:05 PM |
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thunderaj
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Jun 6 2012, 09:47 AM
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Now gold myr 165.85 per gram
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SUSWintersuN
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Jun 6 2012, 11:33 AM
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damn.. if reach 160 i straight masuk 20 g liao.. cannot hope for 15x anymore
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SUSendau02
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Jun 6 2012, 11:42 AM
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wonderin shd i sell it mmmm
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BlackPen
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Jun 6 2012, 12:16 PM
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QUOTE(WintersuN @ Jun 6 2012, 11:33 AM) damn.. if reach 160 i straight masuk 20 g liao.. cannot hope for 15x anymore same same..  |
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cherroy
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Jun 6 2012, 02:13 PM
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20k VIP Club
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QUOTE(doraemonkiller @ Jun 5 2012, 11:03 PM) You forget the income part
Added on June 5, 2012, 11:05 pmIf the price of item has higher inflation rate than the interest rate of FD, then that is why money devalued. If a 500 FD, now become 1600, while the price of item has higher inflation, it means devalue, so does gold.  Because Gold was 500 in the 80, now become 1600. |
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j.passing.by
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Jun 6 2012, 04:08 PM
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Hello London!
watch the trend, London's stock market was closed the past 2 days, and back into action now...
Added on June 6, 2012, 4:09 pm1630 easily break...
Added on June 6, 2012, 5:00 pmI kinda hope this guy's comment doesn't comes true that it will leap up to 1682 in a single bound; as I planned to buy a bit more before it goes above 1650 & exit 1750...
"Once again for perspective's sake, gold is hugging up to its 50 dma ($1,623.98). Once it punctures that paper ceiling at $1,630, 'twill run brave and quick for $1,682."
- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
This post has been edited by j.passing.by: Jun 6 2012, 05:00 PM
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nodoube
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Jun 6 2012, 07:11 PM
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Getting Started
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i will say best shoot $1650 for today....
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ronnie
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Jun 6 2012, 08:18 PM
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nodoube
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Jun 6 2012, 08:26 PM
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Getting Started
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come on gold....go up to 1650.....
This post has been edited by nodoube: Jun 6 2012, 08:27 PM
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TruthHurts
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Jun 6 2012, 09:48 PM
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Gold is up !! Good .. look like buying gold when it was below 1600 was a good move for me... ehehehehehehehehhe $$$$
Never wait and wait for it to go down too long or end up buying it at a high price .. lol !!
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EddyLB
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Jun 6 2012, 10:12 PM
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WintersuN,
Dont wait, buy when it come down to RM165 (if we are lucky to still see RM165). RM160 is just 20g x RM5 = RM100
It will shoot up to RM180 around 15th June. Dont miss the opportunity because of RM100
The upside looks very good this 2 weeks.
Just my opinion.....
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nodoube
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Jun 6 2012, 10:30 PM
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Getting Started
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QUOTE(TruthHurts @ Jun 6 2012, 09:48 PM) Gold is up !! Good .. look like buying gold when it was below 1600 was a good move for me... ehehehehehehehehhe $$$$ Never wait and wait for it to go down too long or end up buying it at a high price .. lol !! congrat......  |
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SUSWintersuN
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Jun 6 2012, 10:35 PM
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QUOTE(EddyLB @ Jun 6 2012, 10:12 PM) WintersuN, Dont wait, buy when it come down to RM165 (if we are lucky to still see RM165). RM160 is just 20g x RM5 = RM100 It will shoot up to RM180 around 15th June. Dont miss the opportunity because of RM100 The upside looks very good this 2 weeks. Just my opinion..... i think u r right.. tomorrow maybe go open savings in uob then c the gold price  then when got the feeling can enter gold from savings account wat u think? |
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EddyLB
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Jun 6 2012, 10:45 PM
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QUOTE(WintersuN @ Jun 6 2012, 10:35 PM) i think u r right.. tomorrow maybe go open savings in uob then c the gold price then when got the feeling can enter gold from savings account wat u think? If it comes down to 165, you will see me at UOB too But gold price is going up now as we speak, so I think tomorrow uob price will go up too. Maybe no more 165 this week, but will touch 170 level. Wait for monday next week and see how |
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