Nov 28 2011, 11:21 AM
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Good job TS
QUOTE(cherroy @ Nov 18 2011, 05:34 PM)
If situation turn ugly aka when you need gold to buy food time, I am scare of my life and my family already, I don't care about gold anymore.
I agree, in times of turmoil, your physical gold better be buried somewhere. Only when things go back to normal and it is secured enough to carry gold, then only go dig up the gold and exchange for some new currency so that we can trade.QUOTE(cherroy @ Nov 23 2011, 06:27 PM)
Then you need to see why want to buy gold in the first place.
Majority people want to buy gold so that they can gain money, want to have some inflation hedge etc.
All are about to gain money,
Most of the people here and including me too "invest" in gold hoping to make more paper money. Majority people want to buy gold so that they can gain money, want to have some inflation hedge etc.
All are about to gain money,
In the last version, many here bought gold, and when the price drop, they start to panic. Then there are the some who sells at the "high" and then buy back when it goes lower.
Last two weeks was exciting, price see-sawing, USD up too.
QUOTE(doraemonkiller @ Nov 23 2011, 11:28 PM)
A lot of lowyat-ers does not know that there is 0% interest 12 mths instalment for physical golds at Poh Kong. If you expect the gold price increase 20% per year, then the real value of the gold bar should add another 10% (month 6-7) only if you use instalment method. You are paying old price when the value is increasing. So the dispersion is actually around 1.5%.
Not only Poh Kong, other jewellers too. And the best credit card to use is Maybankard 2 AMEX where it earns you 5X TP and maybe another RM50 cash back if you have not used the allocated cash back amount on weekends. But I don't think it is wise to use "borrowed" money to buy Gold or any other investment, only use extra cash to go buy gold, that's my opinion anyway. Like I said in my article Gold Stocks Gambling, only invest what you can afford so that you can sleep soundly at night.Anyway, Click here to read more about 0% Interest Amex EzyPay Installment Plan.
QUOTE(mingophoria @ Nov 26 2011, 08:26 AM)
setting law = mayb setting standard price /impose or reduce new tax
either way, it may be good or it may be bad.
New regulation is never good. Maybe they want to keep track of who is holding on to gold and can confiscate it in desperate times. Or maybe like you said, impose new tax like windfall tax. Reduce tax, don't bet on it. either way, it may be good or it may be bad.
QUOTE(basSist @ Nov 28 2011, 11:02 AM)
Gold is to preserve your wealth not for investment at first. 
And when the gold bubble do burst, will you still be holding on to your gold to preserve your wealth? And how you measure your wealth, in terms of RM, USD or KG?QUOTE(Irresistible @ Nov 24 2011, 08:24 AM)
Quinn, so long no come ?
Yah, where is Quinn, his posts gives the best clues as to where gold is headed.To ALL: Click here to read article by Toby Connor about where gold is headed for next year.
This post has been edited by Gen-X: Dec 2 2011, 10:11 AM
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