if cherroy using overvalue housing price to compare with something undervalue, yes of course 2kg of gold nowadays cant buy a house. But overvalue property will get back to its own value once the market crash. If today US dollar back to gold standard, i believe 2kg is enough to get a house.

This post has been edited by kakiayam: Nov 18 2011, 10:18 AM

there's alot reason for the gold price up n down. You dont need to worry so much if you holding the real gold on your hand, unless you holding a gold saving bank book with numbers inside

This post has been edited by kakiayam: Nov 18 2011, 12:30 PM

why do you buy gold?

its hard for me to explain, you can buy bank book gold to earn money and thats your reason why u want to buy gold. For me, my view is gold and silver will be the currency in the future, but not really bringing gold and silver go shopping of course. I mean i predict that USD will collapse in the future, so do our currency will collapse too because most of the currencies backed by USD. When the time come, no matter how many thousand paper currency you have in bank, you cant buy anything because no people want to accept it. If you want know more about gold or silver, there is few videos you can find in youtube. Let me show you the american dream

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Added on November 18, 2011, 3:28 pmyou are correct from the above theory. What if bank facing bankruptcy? What is bank suddenly change their terms and cant withdraw physical gold? Bank has the rights to change anything without further notice. So im telling him what his purpose to buy gold. If he wants to generate some 'cash' then buy the paper gold, if he buy gold because he has the same thinking as me, then get the physical gold. No matter how, please do not borrow money to play with gold/silver, there is only 2 ending, either stay in heaven or go to hell.

This post has been edited by kakiayam: Nov 18 2011, 03:28 PM

How many countries are borrowing money to the US? When the USD collapse im pretty sure that the other countries unable to get back their money. Which country borrow the most to the US? Where did malaysian bank invest to? Im not talking about foreign exchange and of course i know foreign exchange works in pair.

Why did the US hold the physical gold instead of paper gold? They could save alot if they hold the paper gold and not building such a big vault, they could sell off all their gold to pay off some of their debts and purchase it back in the paper gold, why they didnt do it? Why recently many countries start to store physical gold? Why not diamond, diamond is more expensive than gold. Why not platinum??

to make it easy, proof=mirror like. The value of proof and non proof is the same. Silver is still a silver. Depends of yourself which you want to buy. For me i do keep some proof coin because it was too tempting till i cant reject to buy it.

if paper gold is safe enough, why all the countries keep on buying physical gold and need to find a secure place to store it. They can just buy it through a bank and keep the 'gold saving book' in their drawer

pbbank spread is ard rm6-7/gram. Dont rush to buy because of that 1gm of physical gold because 200gm x rm6-7 its about 1.2-1.4k. With this kind of spread, u definitely could buy 1/4oz, which mean 7gram+

few kg gold store at house no
problem at all. few kg is really very small only. In a shoes box ady can hide few kgs. No people will know you store gold at your house unless u show off to everyone and that is your problem. Buy safe deposit box at home to store gold is also a dumb thing because that will be the 1st place for the thief to search. Just hide your gold at a place that the thief will never expect it, eg hide it in your messy store room.

i dont know cherroy's brain is filled with grass or what. When i meant shoe box as an example, i mean store your valuable things in a place that never expected by a thief. That was just an example. If you have a brain you will know that when you place a safety box in your house, that will be the 1st place the thief is going to search for. I just ask people here to store their physical things at some place in their house that never expected by a thief. Do you get what i mean 'MR SMART CHERROY'?