i average the gold at RM164.90, bought from maybank.
Investment is -7.08% now (Calculated at selling cost)
I am OK if it drop or increase, i hope it drop even further so i can buy it.
Added on December 23, 2011, 4:20 pmQUOTE(Sifha238 @ Dec 21 2011, 12:29 PM)
Why gold keep declining
do you guys have any idea when it gonna rise high again ? I need to buy jewellery for engagement before it start to rise
Gold price dropping because Europe there looks stable back.
But I doubt that.
"Once you owe someone money, no matter how you need to pay it back"
Added on December 23, 2011, 4:22 pmQUOTE(cruzzie73 @ Dec 23 2011, 12:02 AM)
2. Gold does not earn you interest. If someone asks you to put money in a certain gold investment product and get paid with interest, think harder. Or come back to the forum to ask if anybody can help you explain how that gold investment product works, and whether it is better than your own gold plan.
Ya agreed, this is the draw back a little bit, but the increased value of the gold is the return to cover your loss in getting interests from that right?
Added on December 23, 2011, 4:25 pmQUOTE(cherroy @ Dec 20 2011, 03:08 PM)
They have people convert all their money to gold?
People say BRIC has big future, and their economy are doing good and has tremendous future. Russia is one of BRIC.
They have no deflation because economy is growing.
I can assure you if everyone convert all their money, deflation will occur.
Gold cannot work in current economy one.
Ancient people already realise, that's why they ditch gold long long time ago.
Gold standard only applied on USD, non of other currency is "gold backed" even before 1971.
Ya, inflation is at risk, that's why I like paper gold. I never say inflation is not at risk, I deeply worry about inflation.
While, I am not saying cash vs gold.
The issue is all about paper gold vs physical gold.
Why so many people quoted the inflation story to counter my point?
Bring in inflation story doesn't alter paper gold also gain/hedge the same with physical, except added in you need to trust the bank obligation to pay you.
While paper gold eliminate ordinary theft, disaster (Tsunami, flooding), etc risk.
It is all about paper gold vs physical advantage and disadvantage.
I just view, paper gold has its advantage, and my personal view, its advantage is enough to counter its disadvantage of potential of bank default.
I am ok other disagree on it, I don't force my view, just totally discredit paper gold is totally useless and risky somehow, I feel not right, both have their advantage and disadvantage.
Yes, many buy gold for inflation hedge, but they do not fully hedge you inflation even until now, history does not lie.
While. central banks buy gold is not about inflation, central banks buy gold because they have too much USD, and hedge against USD downside risk.
True,
Best is to divide the investment, put all eggs in diff basket.
This post has been edited by sovietmah: Dec 23 2011, 04:25 PM 
Nov 18 2011, 04:55 PM
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