hehe...openning ceremony of v4



If wanna check latest gold price click here.


1)daily gold price RM/gram

2)live gold price usd/oz

Gold price offered by Banks
1) Public bank
2) UOB bank
3)Maybank
4)CIMB bank
5)Kuwait financial house (offered physical gold, not paper gold)

** please note some gold price uploaded in the banks webpage are not updated often. Please contact the banks for latest price. Above information is for reference purpose.

pls feel free to comment n discuss

This post has been edited by mingophoria: Nov 14 2011, 08:30 AM

i have been active in silver thread. when i tell people i invest in silver, people ask me why not gold instead?

i dont know much about gold, joining this hopefully can learn from fellow fellow sifu



and to answer the question of the thread, a big YES from me!

This post has been edited by property101: Nov 12 2011, 09:39 PM

How to choose the best gold investment account that suits you the most? Let’s do some comparison:

* CIMB Bank Gold Deposit Account (GDA)
* Kuwait Finance House KFH Gold Account – i (GAI)
* Maybank Gold Savings Passbook Account (GSPA)
* Public Bank Gold Investment Account (GIA)
* United Overseas Bank Gold Savings Account (GSA)

CIMB Bank vs. Kuwait Finance House vs. Maybank vs. Public Bank vs. United Overseas Bank



Note: Information is obtained from the respective banks’ websites and customer service call centers.

Here are factors to consider when picking a gold account:
Affordability

Most banks do not charge a fee for the opening of a gold account. However, whenever you sign up for an account, a minimum initial deposit is required ranging from 5 grams to 20 grams.

Other than that, minimum subsequent purchase/sale shall be taken into consideration too. Especially, for those who plan to buy gold on a regular basic.
Fineness of Gold

According to Wikipedia, here is the most common millesimal fineness used for gold:

* 999.99 (The purest type of gold in the market)
* 999.9
* 999 (Fineness equivalent to 24 carat, also known as three nines fine)
* 995 (The minimum allowed in Good Delivery gold bars)
* 990 (also know as two nines fine)
* 958.3 (equivalent to 23 carat)
* 916 (equivalent to 22 carat)

Physical Gold Withdrawal

Please be noted, the minimum quantity for physical gold withdrawal required by some of the banks is 100 grams. In another words, you are not allowed to withdraw in physical gold if your invested amount is less than 100 grams.

Bare in mind, the physical gold withdrawal charges imposed is not really mentioned in most of the banks’ websites, except for CIMB Bank. It’s important to check with the respective bank first before any decision is made to sell your paper gold.
Withdrawal Options

Basically, the option to withdraw in cash or crediting into savings or current account is making no difference for me, because I will still get the cash eventually.

But, for physical gold withdrawal, are the clauses like “you can withdraw in physical gold but it’s subject to our stock availability” and “physical gold withdrawal is subject to bank’s approval” is meaning the same for you?
Convenience

Everything goes online now. We want a hassle-free investment. The idea of online gold trading via PbeBank.com to purchase and sell gold is a good practice and service, which shall be followed by others bank too, perhaps.
Cost

The only major cost to be considered is the difference between selling and buying prices. Low fees translate into cost savings. And this can lead to higher profits. Therefore, compare the price differences between all the 5 accounts and identify the cheapest gold price.

Don’t miss out on all these golden investments! Compare and choose the best gold account for yourself! Terms and conditions apply.

Source > >www.horlic.com



This post has been edited by mingophoria: Nov 12 2011, 10:27 PM

reserving for future need

reserving for future need

For the public bank, minimum opening is 10g.

Do we need to hv saving/current account in order to open gold account in public bank?

yes you do need to open either savings/ curent acc in public bank...got stated there in the attachment... please feel free to read that for better understanding

Wow v4 already.....up up up!

Sorry la boss..reading thru phone at the moment.cant see clearly the attachment.

wow..v4..intresting

hi all gold gurus..

i interested with this gold investment stuff but..... im not understand the concept of it

how do we get the money? is there a dividend paid evry year like asb?

diff between physical gold and paper gold?
my fren said physical gold is better, but she didnt said y...

pls help me to understand it..

damn..feel so sad did not buy around 160....my friend tell will drop until 150...any chances gold to drop again?..haiz

the trick to gold investment is 3 words : Buy in Dips

when it reaches USD2500 & later touch USD3400 as analyst expected, you will then again cry "will gold drop back to $1800??" Now, isnt that ironic?

Therefore, wouldnt it be nice to leverage this investment game with USD40 to buy 10oz of this precious metal? Well, for me, I am holding a few times of that load ..

race to 2500 !!

One thing for sure gold price is volatile between this few months, so those who cant accept the roller coaster ride should stay away as far as possible. Like shares. Nothing in the world will always rise non stop, there will be a fall somewhere around the road. However, if u tend to keep it in the long term, then just enter in any price. Gold will always appreciate over the months.

---

Added on November 14, 2011, 9:09 amGold is kept for capital appreciation. It doen's give dividend / interest like the ASB. If gold rise u earn the profit, if gold drops, u rugi lah. Same like shares. However,Gold is a tool for hedging inflation. Money value will depreciate over time. example, 10 years ago ur nasi lemak will cost u around Rm1.00. Now price is almost reaching RM3~5. This is call inflation.



Here are some of the points of having paper/physical gold


Paper gold
1) easier to manage
2) no need crack head where to ''bury'' the gold
3) save cost in terms of spread between buying and selling
4) easier to deal. Bank will buy back in any price at their spot rate. physical Gold need find willing parties to buy and depending on your negotiation skills.


Physical
1) get to admire gold everyday
2) no need waste petrol and time go bank to keep on top up or sell gold.
3) Rumors rumors say bank will go bankrupt. Then they got no money to pay u back your money that u have invested.
example Lehman brothers and the recent MF global.



This post has been edited by mingophoria: Nov 14 2011, 09:09 AM

Thanks. Where would be the best place to sell some gold (not all with certificates) jewellery?

thx for the reply... so actually physical gold is like u purchase a gold ring for ur gf and gadai it when u dont have money la??

ok from the pic attached above, it seems maybank is the only choice that i can afford

but when i open the maybank website, it stated kijang emas and maybank gold investment..
whats the different? which one is better.. one is in oz, another in grams??

Dear gold taikorsssss,

Currently have 10k in hand to spent for gold investment. Should i buy at this time or wait after Christmas eve ? (read thru some opinio, the price shall be lower after Christmas)

Thanx.

---

Added on November 14, 2011, 11:57 amDont get confused easily.Its clearly stated there, there are 2 types of gold by Maybank :

1. Maybank Gold Investment account - paper gold.go and bring money to open an account.then u just hold passbook to buy and sell in grams.
2. Kijang emas bullion coins - physical gold.Issued by BNM and comes in 3 size (1oz, 1/2 oz and 1/4 oz). 1oz = 31.1 grams...it is international standard.


This post has been edited by potenza10: Nov 14 2011, 11:57 AM

paper gold means we can only do transaction with the bank only kn? and kijang emas we can go and sell it to any gold shop (kedai pajak or whatever; since u said it is international standard)?

Kijang is for physical gold.

maybank gold investment is paper gold.

oz n gram is just diff denominator only. 1oz = 31g (roughly)

---

Added on November 14, 2011, 12:55 pmThere is a possibility gold price will drop after christmas coz few people will buy presents after christmas mah... but then very hard to estimate what is the lowest price of gold now... unless u have a Cristal ball to see the future. Better earlier then never. haha. after christmas will be chinese new year.... same thing also... the price will fluctuate.


This post has been edited by mingophoria: Nov 14 2011, 12:55 PM

"Buy low, sell high"

If possible i can buy maybe rm5 cheaper from current price now, its a lot differences wooooo....

Fake Silver and Gold Flood Global Markets.......
We have read about one Chinese counterfeiter openly bragging about producing 100,000 fake U.S. Silver Dollars per year, and that’s just one counterfeiter. At this point, we are telling all investors of gold, or silver coins, and or any type of precious metal bar to only buy from a reputable U.S. dealer, that has an established track record, and a money back guarantee. We fear this Chinese counterfeit gold, or silver coins, or bars, could be a multi billion dollar a year business, and we greatly fear many innocent investors could be taken to the cleaners.

…

Based on our research some of the Chinese counterfeit coins, are of such high quality, it is not uncommon for even experts to be deceived. We think its smart for every investor to have gold, or silver, our big worry is pretty simple, what if they invest 10%, or 20% of their net worth in what are counterfeit precious metal coins, that are basically worthless? We would call this a disaster for the investor, and out big fear is there are probably tens of thousands of investors in the United States, who have been duped. Even worse, once again for all intents, and purposes the U.S. Federal Government is a no show-once again.”

…

“The world needs to come to grips with the largest counterfeiter in the world, the fact that 10% of China’s GDP is a direct result of counterfeiting. If it’s not knock off pharmaceuticals, that can kill people, it’s high tech smart phones, or electronics. Our new worry is pretty obvious related to Chinese counterfeiters bankrupting innocent precious metal, or coin investors, with what could be their life savings. At what point do consumers in the United States, Europe, Japan, or the rest of the world say no thanks to any more Chinese products, given its uncaring attitude about flooding the global markets with counterfeits, or fakes?”

Source: GPCC via prweb



Gold and silver remain one of the few alternative investment methods to preserve wealth during crisis scenarios like inflation or government instability, but taking extra precautions now is absolutely essential to ensuring your wealth is protected when it comes time to sell.

Don’t assume that the dealer you are working with is legitimate, and even if they are, it is possible that they themselves have been duped by a counterfeit.

Those of our readers investing in gold and silver assets, especially if you are committing a large percentage of your net worth, should consider some safeguards.

Work with multiple dealers who have been in business for several years.
Like any investment strategy, diversifying your eggs into multiple baskets will protect you if one of them happens to fall. In this case, buying different products from multiple dealers, all with solid reputations, will prevent you from losing your entire investment in the event one of the dealers was duped by counterfeiters. While not exactly ideal, it’s better to lose just a portion of your investment than all of it.
Trust but verify.
Buy from one dealer and get your investment appraised by another. If you’ve invested $5000.00 into precious metals, paying an additional $100 to have another dealer (most will take a look for free) verify the quality of the assets you purchased is not a bad idea. If you were sold a fake, you can then take immediate action against the offending dealer (as opposed to waiting five years only to find out you’re holding a worthless metal).
Understand dimensions and weight.
One of the best ways to determine if your asset is legitimate is to know what dimensions it should have (circumference, thickness, weight). Every government issued coin, and even privately issued rounds or bars, should have manufacturer dimensions available either online or by simply giving them a call (otherwise go with a different product). Get a digital scale and a caliper and take measurements. Even though fakes can come close to the real thing, the density of gold and silver are unique, so if a particular bar or coin shows an inaccurate weight or dimension, you’re likely looking at a fake. It may cost you a couple hundred dollars to acquire the appropriate tools, but if you’re investing multiple thousands of dollars into these investment then we’d consider the cost of doing business. Take the time to learn about your investments (it won’t take long) and you can save headache and heartache down the road.
Gold and Silver Acid Tests.
Gold and silver have unique properties when mixed with certain chemicals.......
http://www.shtfplan.com/precious-met...eiter_11102011

anyone sell off their gold today or wait for more price hiking?

juz came bak from UOB after selling ^^ now price dipping liao...

if i invest in maybank 'paper' gold, i can only do transaction with maybank only rite? coz i saw in bank website, the gold price is quite vary..

yes...maybank with maybank, uob with uob and so on...btw, what do u mean 'vary'?

different between one another.. or maybe the timing is different???
coz uob selling at 180, maybank is at 184..... lebih kurang la

all stock are doing well today, nothing much will happen to gold i think.

yeahh..selling price are different from each banks...u can refer to this link for comparison...

http://goldabout.blogspot.com/p/malaysia-b...gold-price.html

This post has been edited by potenza10: Nov 14 2011, 05:40 PM

Dude, isnt 1 oz= 28.35gram ?

In precious metal, we use 1 troy oz instead of the normal oz.
Try search on google: "convert 1 troy oz to grams", the answer is:
1 troy oz = 31.1034768 grams

thanks for the reply, if thats so , normally the price for ounze is consider troy oz or just ounze

troy ounce

Thanks for the reply, been in forex for past 7 years, start trading gold since october, bought 200 gram physical gold , and bought another one through the broker at $1634.

why each bank has their own selling price of gold?

how to answer this....

Can be due by many reasons:

1) management fees
2) cheaper spread to lure customers (UOB )
3) internet banking for convenience (Public bank)
4) location of branch (the more the bank the easier to sell) - cimb, maybank

dude, mind asking for UOB is there any hidden charges for each transaction ? which include buying and selling ? How long does the transaction takes ?

This post has been edited by Minimayo: Nov 15 2011, 01:12 AM

rm2 spread thats all. eg, u buy at rm100, sell at rm98. trx takes as long as the teller keys in lo, usually about 5 - 10 mins

rm2 for every rm100?
thats like 2% ?
or calculate by a standard amount of ringgit?

per gram. or if you have plenty of capital to invest, you can use the premier gold account. only rm1 spread per gram, but buy/sell in 1000 grams la. premier gold account ma

the spread of uob is always maintained at RM2, eg. bank buy gold at RM179.7o ; bank sell gold at 181.70. The spread will be actually around 1.1%. if u use premium gold account...the spread would be around 0.05% .However in premium gold, u need to buy minimum 1kg per transaction. If u are loaded then go for premium as the spread is very very low.

This post has been edited by mingophoria: Nov 15 2011, 08:06 AM

Beside uob, which bank provide lower spread?

woohoo gold drop.... faster drop somore

peliss drop summore.. i want to enter this gold investment XD

http://www.youtube.com/watch?feature=playe...d&v=inn8iVASxLY

might as well buy paper gold if u fear of counterfeit

when i refer to this link, it seems uob have the lowest spread and price..
does this mean it is the best place to get my first paper gold??

All got pros and cons..uob price is lower but entry cost is high..20g to open account.but maybank just need 1g to open and subsequent buy is 1g.so,its more convenience for those with low budget.

GOLD price my per gram = 178.83 .. slowly coming down

yesssss...i'm waiting with my bulletssssss...

for UOB gold trading, any idea whether we can request for physical gold ? if Yes, any terms and conditions ?

1. if you buy paper gold, most probably you already decided its for speculating and not for delivery. had you wanted physical in the first place, you'd buy physical n not paper

2. not sure abt other banks but i asked uob before and they advised if i want to take physical, i need to top up the price difference (1gm GIA vs. 1gm physical) and also RM150 conversion fees. So better to just liquidate the GIA and then use the cash to buy physical. same price difference but you dont need to pay that RM150 fees.

3. Now my opinion here is that although the bank dont have the physical gold, you can still get back your money. And if the bank dont have physical for sale, you can always run to the nearest poh kong/wah chan/etc with the money and buy

This post has been edited by bigwolf: Nov 15 2011, 09:11 PM

2) I asked before as well, if want physical, need 1kg in paper gold, as they won't "chop" into smaller like 10g or 50g for you.
Not sure about it, this is what I being told, correct me if I am wrong.

3) Price different or can be more expensive than bank what offering, aka the spread.

2. wah, 1kg? they didn't tell me that so i don't know ler. but uob only selling 1oz sizes, why would they want 1kg then only convert? weird...

3. yup price spread is definitely more expensive outside than the bank coz bank is selling the physical gold at close to spot rate. thats why uob always out of stock

my point is there's not much difference if u buy paper vs. physical gold as you can convert paper gold to physical anytime either via sell-paper-then-buy-physical from the bank or take the money n go to the nearest goldsmith shop

2) What I mean is the gold account based one, they have 1kg min based gold account one, whereby spread only Rm1 difference, and I was told this 1kg can convert to physical one, but whether there is admin charges on this, I am not sure.

3) The problem, you can buy paper gold at Rm170 and sell paper gold at Rm168, but you cannot buy at RM170 physical with goldsmith out there.

This post has been edited by xproc: Nov 15 2011, 10:02 PM

3. yup thats true. if you had wanted to buy physical gold in the first place, you wont be able to get them at rm170 anyways. you can only get rm170 in paper gold.

i'm highlighting this for the discussions on pro's & cons of physical vs. paper gold. many believe physical gold offers capital security and is easy to liquidate but i'd say paper gold is just as easy to liquidate and secure:

1. same pricing mechanism. a simple example: if you buy 1gm of physical gold for rm200 and spot price goes up rm10, and you sell for rm210, you untung rm10. with paper gold, if you buy at rm170 and spot price goes up the same rm10, and you sell at rm180, you still untung rm10

2. if you buy 1gm of paper gold and if you want to convert it to physical, for sure you must top up the difference (rm200 - rm170 = rm30) + another rm150 conversion fees. thats why the staff there told me might as well sell it and buy the physical with just the top-up. you save the conversion fees. but if the bank don't have physicals, you can always take the money and go to a goldsmith shop to buy physical. point is, if you wanted to buy gold, but if the bank does not have physical all these while, you still have to buy from goldsmith shop in the very first place.

3. what if risk of bank collapse? well, you can just sell the paper gold and credit back into your savings/current account and withdraw from there

4. shtf and you need to run? as per item 2. take it out and run to the nearest goldsmith shop to buy physicals and keep running lah. i dont think you'll be much concerned by the price difference between goldsmith price vs bank's physical price by then

ofc, if the day comes when the price of physicals starts to disconnect from spot & paper (no more item 1), then i'll be the first to liquidate my paper gold and buys physical. otherwise rugi oh if later 1gm of paper gold says rm170 but 1gm of physical gold sells for rm400

If UOB can convert its premium gold account(1KG>) to physical, that`s means it`s Shariah-compliance.
That`s new to me
I don`t mind to dump my Kijang Emas & Turkiye, and run into UOB because the spread is very low.

Anyone can clarify this ?

thanks! very helpful indeed.

Quite a numbers of u sell ur gold already ! And plan to buy at a lower price.

What is u guys [targeted buying price ? In US$ & RM /g ? RM 170 /g possible bo ?[/B]

not really will reach 170 anytime soon..

anyone buying physical like gold bar or gold coin instead of buying the paper account gold?

1. Wrong concept.
Physical gold you buy at Rm200, even the spot price up Rm10, let say RM170 to RM180, you may only can sell back at RM180, not RM210.
Who is the person to buy at RM210 from you?
Unless you become the goldsmith to sell at retail price. But this is like doing business trading already, not investment, or sell back.

The real worth of gold is based on spot price, nobody want to buy above the spot price.

Physical price is always based on spot price or paper price, there won't be disconnection issue.
As if there is, many will take advantage of the spread and correct the market back.
Market is always efficient, you let people to have change to do arbitrage, the price correction come it to reconnect back.

This post has been edited by cherroy: Nov 16 2011, 11:39 AM

people are too easy to let the bank to earn, paper gold just a paper of book with numbers. you own nothing but only numbers, just the same as paper money.

can withdraw with physical you might say, but pls say it after u had withdraw it and hold it on your hands.

im sorry.. but what is spot price?

spot price = actual price market/gold smith will buy

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Added on November 16, 2011, 2:15 pmGold price going south...however USD going north.... which 1 influence gold price in malaysia in terms of ( ringgit/gram )more?

care to explain why??

This post has been edited by mingophoria: Nov 16 2011, 02:16 PM

I got both, physical and paper gold..maybank gold account, kijang emas and public gold dinar

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Added on November 16, 2011, 2:47 pmi"m hoping at least 170-175 between nov and dec timeframe....


This post has been edited by potenza10: Nov 16 2011, 02:47 PM

aiyaaa i was doing a simple example only la ok lah, don't say rm10 appreciation. assume you buy physical for rm200 & buyback is rm 170, while paper gold buy = rm170 & buyback = RM168

1 year from now, say spot price appreciates rm100. if you sell your physical at rm270 = untung rm70. if sell paper at rm268 = untung rm98. rm28 difference

if spot price appreciates rm200, sell physical at rm 370 = untung rm170. sell paper at rm368 = untung rm198. rm28 difference also.

ofc this is just a simple calculation, the real thing is a bit more complicated lah but i'm just highlighting basically there is not much difference in the pricing mechanism between paper gold & physical gold since you buy/sell paper with paper price and buy/sell physical with physical price (too bad we can't buy at paper price and sell at physical price )

Oh when oh when will the next dip b bullet reloaded n waiting to fire hahah

hi..im being investing gold in a smaller scale almost a year..only local made physical gold..as usual when u buy..u buy at selling price of the company and when u sell ..u sell at "buying" price of tht company(if u r lucky u wil manage to sell to agents or customerswith higher price).. i do make profit of buy low sell high as a short term selling to profit..but wat i realise recently after the september crash and with current gradual bullish market..its very hard to sell to customers or other buyer with company selling price..they are alot of people are doing their trading and they sell as low as company buying price + 1%.besides tht the competition to liquify their gold is high. in current market i see they are more selling power rather than buying power..i wonder if we keep all our gold wish to reach 2000/ounce..wat happen next..if u gonna sell who is ur target customer..since we are mostly private n individual investors, how do we sell them with higher price..do you think the buying power during tht moment will b worst?(when everyone want to sell with fear of crash after tht) just wondering..any opinion regarding this..just curious..

Then, go for paper gold lah..no headache even less profit compare to physical gold which can be sold at secondary market.

But did u ever think same question had in investors mind in 10yrs back? So mahal nowadays but still ppl buy..andddddd when the price will go higher, there will be an alternative method to buy gold like what we have today -paper gold!

---

Added on November 16, 2011, 10:57 pmPrice is fall below RM180..!!

This post has been edited by potenza10: Nov 16 2011, 10:57 PM

gold price at myr 179.26 per gram.

sorry to interrupt i'm still a newbie in this ...
ok to make the story easy ...

question:
1. can i start with rm2k for starting???
2. let say i buy a gold witch 1 is better 916/999.9
3. if i have chose either 1 from the above can i keep it my self??
4 where can i sell it if i hold it on my own ??
5. how many gram can 2k earn for gold ???

This post has been edited by locknes: Nov 17 2011, 01:40 AM

1. Average Gold Price is from RM180 to RM208 per gram
2. Of course 999.9 is best. 916 is mostly for jewellery.

paper gold is better and more efficient.
1. if you intend to trade, meaning to said, you will enter and exit the market (buy low, sell high) at various time (3-6 mths or less in between buy and sell).
2. you intend to have fiat money at the end of the day.
all these are true so long that COMEX gold did not default.

Physical gold is better if you intend to keep for long2 time (> 2 yrs) and other than thief or lost due to misplacement there is no other risk.


This post has been edited by GoldChan: Nov 17 2011, 08:42 AM

gold drop but usd naik wei....

Hoping today will drop a bit la..aiyohhh,cannot tahan anymore..

This risk (bolded) is quite big actually, 100% loss.

Another risk of physical gold is the purity of the gold.
Yes, for reputable seller, not much an issue.
But for third party or unknown party, this risk is quite big as well.

gold fast fast drop to 1600 level, then can buy more....

slim chance of gold nearing 1600....

i think we belong to different school of thought.!
Option 1: For the reason of fear, trust, convenience, leave the money in financial system : fiat, stock, equity:- it will get indirectly stolen by ruling class over time.

Option 2:- get the money out from ruling class control:- get stored value $ in precious metal and store it aside. I take my chance.

given to choice, I take the bolded risk. Opt 2. for the rest of you, it up to U 2 decide.

purity : buy small size 1 oz or less. Pay the premium, don;t be greed.

Its going down...

Equity make a lot people become rich, not stolen, unless one owns rubbish stock then different story.

We live in a fiat system, even gold pricing itself is under fiat system.
Gold has no value at all, the value exist is because of fiat system aka what we seen USD1750 per ounce is valued under fiat money system.

But I trust the financial system more than security of the physical gold in term of theft.
Because if financial system freeze or in trouble, everyone fight hard and find solution to fix the system, just like what happened during 2008 crisis.
But if your gold being stolen, nobody care.

I respect you view and preference, there is no such thing right or wrong in this manner, as we belong to different school of taught.

Gold is tougher than money.thats it.

I'm here just to share my view:-

If you read book "Crash Proof" by Peter Sciff , you will understand that the way they fix the system in 2008 is by printing more money - devalue fiat currency. (Which is clearly legally stealing wealth of others). Basically our money / purchasing power got stolen. And nobody cares. but I care.

That is why having physical is important. If you're afraid that you lost your gold, then think of how to reduce the risk.

True story. I got reletives that has gold from great grandma which is more than 80++ years... and those central bankers can't steal the buying power...

Cheers.

This post has been edited by azizulego: Nov 17 2011, 11:46 PM

http://kitco.com/market 11:00 EST Gold: 1736.40 / 1737.40 Silver: 32.58 / 32.68

but, USD currency strengthen....

what price u guys will enter in for GOLD ?

Real 99.99% gold is actually very soft only.

Having physical and paper is the same. Both price also go up.
In fact, physical pricing is following the paper one.
The different between paper vs physical is always whether you trust the banker or not only.

The buying power has been stolen without your notice only.
Gold doesn't necessary hedge you 100% on inflation when there is money printing going on.
In fact, gold has not peak at inflation adjusted pricing even it reached USD1900.
It still fail to hedge your inflation adjusted valuation.

2kg of gold can buy you a terrace house during 1980, but you need at least 3kg to buy the same terrace house now.
Buying power has been stolen even owning the gold.

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Added on November 18, 2011, 12:46 amPrime location property is "harder" than gold.

This post has been edited by cherroy: Nov 18 2011, 12:46 AM

Methinks as long as "value" is based on fiat $, gold "investment" will still be an "alternative" to the main 3 of bonds, stocks & properties.

However, having thought that, i'd still hold some physical gold (in small coins/bars) for emergency / SHTF cases as in "all hell breaks loose and i need to run away/feed my loved ones" kinda situation , when cash and credit cards are useless. It's only a small % of total net worth held, thus, no biggie gua to prepare for such extreme situation.

Not necessarily true.........depends on where the house is.......ask the YANKs...

If your house was in a normal location which has become a prime location
because some politician has an adjacent land, that does not reflect
INFLAtion...

Are u sure about the house price example, cherroy?

yalor.. USD naik so much. might be at RM175+-

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Added on November 18, 2011, 9:28 amnot really a slim chance now, all stocks are doing good in this period.

This post has been edited by Alexdino: Nov 18 2011, 09:28 AM