Eugene

I commend you on your concern about the future for youself and I do support your thoughts on investing in precious metals, however, do read my suggestions below.

On the forumers who gave their opinions earlier, I got the impression that they may be asking you to stand down on your thoughts on precious metals so I'm going to ruffle a few feathers here.

I'm going to ask those who gave their advice about "Time is on your side" response:

If you can go back in time knowing what you know now, what would you do?

My suggestion to you is:

1. Do your own analysis and find out your financial standing.

2. Do brainstorm on ways you can find the extra income (legally) to allow you to do what you plan to do.

3. Do buy your insurance policy, top up as you go along as this is a very good form of leverage.

4. Do invest in precious metals, preferably physical.

5. Do have some cash on hand, as we still need to use them.

6. Take only our opinions/suggestions, but seek not our approval for what you feel is the right thing to do.

Regards
Pub Mutt.

Ronnie

I have some questions:

1. Please define long term.

2. Please qualify your statement with statistics.

General terms like these only serve to mislead and propagate conventional thinking.

Regards
PM.

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Added on February 4, 2012, 10:14 amHongchai888

You might want to read up on the topic of currency wars.

Regards
PM

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Added on February 4, 2012, 10:24 amCompounding interest is only a mathematical illustration and does not include other factors like currency debasement, inflation, deflation and stagflation, country bankruptcies and self-serving politicians.

Furthermore, the banksters use your FD money to increase its profits manifold, ala fractional banking, hedging, derivatives and whatever other exotic instruments they can dream of.

I believe FD stands for "F**k Dem" in banksters hip lingo.

Regards
PM

This post has been edited by pubmut: Feb 4 2012, 10:24 AM

Ronnie

The lurkers and participants in this particular thread include the experts down to the newbies and when you look at the questions and answers, you would have had a feel for the "serious-ness" of the thread.

Since you wouldn't make any clarifications, I'm making a point here so I rest my case.

Unfortunately we are in a secular bull market for gold and silver. If you care to look at the charts, it has been rising steadily.

However, there is volatility at present with wild swings in prices. The only catch is that how wild these swings are, no one can predict with certainty.

The eventual outcome of the currency wars would mean that gold prices will go beyond what it is now, so, in a nutshell, it is the right time to buy, but I do hope that you can catch the downswing of these prices when you enter.

There are premium newsletter subscriptions that have some claim to be able to predict market moves, but then again, these newsletters cannot predict the volatility in between.

"Cheap" is a relative word. Two items need consideration - SG forex and what kind of margin the goldsmiths are charging there for retail gold.

We don't have any taxes on incoming gold purchases from overseas. SG finally got that in their heads to do away with it.

Note the article didn't state examples of other investment grade precious metals. You'll have to wait till Oct to find out.

I have reliable info that Hang Seng and Wing Hang bank have a 0.5% spread for physical gold. It's preferable if you're there in person to check it out.

Rgds

If Jacobs refers to himself as Chart Prophet, I wonder which charts he's looking at?

Eric Sprott would be backing up the truck when it hits $700, and so would I.

$700 gold may happen, and that's where it tests the investors stomach for volatility. See Rick Rule's article - Why I'm Excited About This Market, particularly his first paragraph.

If Jacob's is just waiting for that to happen and then to profit from it (like he's timing the market) - happy waiting...

Incidentally, is he a billionaire since he's a Chart Prophet?

Ho Ho Ho! Good one Prophetjul!

FYI

UOB Msia has introduced some paperwork when buying gold now. If you've not come across it, here it is and print it out, fill it before you go buy.





Attached File(s)
 UOBGoldPurchaseForms.pdf ( 178.01k ) Number of downloads: 86

Actually I'm looking for the Chart Prophet to have his prediction come true, then we all can line up at UOB and finish off their supply of gold.

Hmm...I recall when Kijangs were RM200, I should have bought more then...*sigh*

I stand corrected prophetjul. The RM200 was the face value of the 1 oz. I bought what I could afford back then. That time got married mana ada wang to back up the truck.

As for junior there, well, time will tell.

Regards

I recently came across one Charles Nenner at www.charlesnenner.com who appears to have been predicting markets as well (featured on CNBC as well if memory serves me right). He does his analysis similar to Elliot wave but with a different perspectives, such as solar flare cycles and other types of cycles.

Have you heard of this character?

I read someplace about a statistic that gold prices generally are the lowest on the 13th, 15th and 23rd of each month, give or take a day. Go figure out for yourself if this be true.

This post has been edited by pubmut: May 8 2012, 04:07 PM

With all that's going on now, nothing is sacred anymore. But if we look at the Romans, we might be able to derive a similar timeline.