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

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

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

typically people buy gold as a safe heaven investment. when everything else is failing in the financial system, gold will be the ideal choice for people to park their money, it's safe. due to the fact that gold has been used as the backbone of monetary system for the past several thousand of years, the chances for gold to free fall like how share market did is very little.

if you look at the chart, history will tell u that gold has been rising slowly, steadily and consistently. it's one of the safest way to invest your currency (RM / USD/ etc) into real money that has real value. however due to recent years of economy stimulating packages from the west, gold has been rising rapidly and people would like to ride on the trend to reap some quick profit - as gold is no longer slow and steady but fast and steady.

right now, thanks to the west who has been printing money like crazy, the public uses gold and silver (real money) as a medium to store one's wealth. if one keeps his wealth in cash, the cash would very quickly drop in value. this is known as inflation. the fact is goods didn't rise in price (measure against real money), it's the paper money (cash / currency / RM / USD) has shrink in value, therefore we need more of paper currency to purchase the same amount of goods. if we use gold and silver (value) to measure against the goods, the price almost never change. 1 oz of gold (or silver) will still buy you the same amount of goods today and 1000 years ago.

gold has been used as the backbone of monetary system but it is very hard to use gold to trade in daily life. silver will be another form of real money that can be used.

i have hosted some really good video explaining the concept of gold, silver and paper currency by Mike Maloney, feel free to check them out at:
Videos - Silver in Malaysia

this year has been an exciting year for precious metal (gold and silver)
next year would be an exciting year for global financial and global economy
get prepared...and shoot when opportunity comes

gold (and silver) has been going up since the announcement of unemployment rate was not as expected in US

tomorrow Ben Bernanke is going to speak, what he says will determine the movement of gold (and silver) price