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 Gold investment corner v4, Will gold price achieve USD2000 by 2012?

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wongmunkeong
post Nov 18 2011, 07:57 AM

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QUOTE(cherroy @ Nov 18 2011, 12:40 AM)
Real 99.99% gold is actually very soft only.  biggrin.gif
Having physical and paper is the same. Both price also go up.
In fact, physical pricing is following the paper one.
The different between paper vs physical is always whether you trust the banker or not only.

The buying power has been stolen without your notice only.
Gold doesn't necessary hedge you 100% on inflation when there is money printing going on.
In fact, gold has not peak at inflation adjusted pricing even it reached USD1900.
It still fail to hedge your inflation adjusted valuation.

2kg of gold can buy you a terrace house during 1980, but you need at least 3kg to buy the same terrace house now.
Buying power has been stolen even owning the gold.


Added on November 18, 2011, 12:46 amPrime location property is "harder" than gold.  biggrin.gif
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Methinks as long as "value" is based on fiat $, gold "investment" will still be an "alternative" to the main 3 of bonds, stocks & properties.

However, having thought that, i'd still hold some physical gold (in small coins/bars) for emergency / SHTF cases as in "all hell breaks loose and i need to run away/feed my loved ones" kinda situation tongue.gif, when cash and credit cards are useless. It's only a small % of total net worth held, thus, no biggie gua to prepare for such extreme situation.
wongmunkeong
post Nov 22 2011, 08:04 AM

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QUOTE(hongchai888 @ Nov 22 2011, 07:58 AM)
When will gold drop? Keep increase how to buy?
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Bro, drop liao lar, mana keep increasing?
USD1,676.55 now 22/11/2011 8:05am GMT +8
http://goldprice.org/live-gold-price.html

How to buy? Use cash or credit at banks or jewelry shop tongue.gif
Just kidding - dont throw them gold bars at me yar, painful notworthy.gif

This post has been edited by wongmunkeong: Nov 22 2011, 08:05 AM
wongmunkeong
post Nov 22 2011, 09:44 AM

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QUOTE(hongchai888 @ Nov 22 2011, 08:13 AM)
morning all, yea I know but USD super high, after convert today's bank selling rates should be around RM 185/gm, correct me if I am wrong, thank you
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FYI - PBank's Sell price now RM175.8400 as at 22/11/11 9:15 AM
http://www.pbebank.com/en/en_content/perso...goldinvest.html
wongmunkeong
post Nov 25 2011, 10:28 AM

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QUOTE(orangutan @ Nov 25 2011, 10:21 AM)
Put in a BUY, click on OK
Next screen shows the cost now and ask U to CONFIRM
Dont confirm if U are just price checking

Anyhow, aiya - the difference in % is minimal from the cost shown at the PM's website lar, not a game changer unless U happen to be moving hundreds or millions of ringgit tongue.gif.
wongmunkeong
post Nov 26 2011, 04:41 PM

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QUOTE(rockdaman @ Nov 26 2011, 04:36 PM)
any1 bought from goldsilver2u.com?

is it worth to buy from them?
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Register and checkout their SELL BACK pricing VS BUY pricing - you'll discover a spread of 11%+ shakehead.gif
wongmunkeong
post Jan 27 2012, 06:42 PM

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QUOTE(TSOM @ Jan 27 2012, 05:12 PM)
BSN dividen is 27%??? Wow!!
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The new "scheme" for low income bracket wan lar - PM (prime minister, not public mutual tongue.gif) just announced last 2 weeks or so ago. Smells like election coming..

This post has been edited by wongmunkeong: Jan 27 2012, 06:42 PM
wongmunkeong
post Feb 4 2012, 01:23 AM

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QUOTE(ronnie @ Feb 4 2012, 01:11 AM)
Gold investment... if you wait longer the price goes up... still buy it as it will always go up in the long term
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ALWAYS go up in the LONG RUN bro?
Sure boh ALWAYS up and how long a LONG RUN?
IMHO, dangerous lar if newbies think that's the "only truth"
wongmunkeong
post Feb 18 2012, 08:10 PM

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QUOTE(echoesian @ Feb 18 2012, 08:06 PM)
oh is this real? If really yes this would pick up my interest in DeGem smile.gif
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Planning to use a good "cash back" credit card to gain the difference? brows.gif
Argh.. DeGem's around Johor only cry.gif

This post has been edited by wongmunkeong: Feb 18 2012, 08:13 PM
wongmunkeong
post Feb 27 2012, 11:08 AM

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QUOTE(prophetjul @ Feb 27 2012, 10:44 AM)
Actually theres plentiful info even in those days
The MAIN difference is

presently theres so much hype on how to make money out of gold.......all sorts of nonsense goin aka Genneva and the like.
INfact you wonder how many newbies are even reading the fundamentals of gold.
people are not intersted in the product itself.
They arent intersted in the fundamentals....only how can i make money outta gold?
Look at most of the questions here........how to buy and make money?

In those days when gold was still BORING NON INCOME PRODUCING PIECE OF RELIC,
these fly by nighters will not be interested.

Generally this is called HERD instinct.....a good psychological tool to snare and kill these type.
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And U know what the old hands say.. when the herd comes (aunties, uncles, teens & maids too) in, it may be time to.. tongue.gif

This post has been edited by wongmunkeong: Feb 27 2012, 11:09 AM
wongmunkeong
post Mar 8 2012, 02:02 PM

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QUOTE(prophetjul @ Mar 8 2012, 01:57 PM)
i do paper for 1.1%.....that 0.13% is dirt cheap.  rclxms.gif

BUT as usual, Msian get fleeced, screwd and killed by banks
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Bend over baby... tongue.gif

If only we can move $ over the Internet easily & cheaply to/fro foreign banks to buy/sell gold and other equities sigh..
wongmunkeong
post Mar 29 2012, 08:48 AM

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QUOTE(kucingfight @ Mar 29 2012, 12:32 AM)
and bloody long winded "video" too.
Checked out the list of "Gold Mining" companies in the video - eek.
And "Gold Dividends"? Sounds too much like our home grown Genneva thinggy doh.gif though the details may help differ from it and make it worthwhile.
wongmunkeong
post Apr 7 2012, 01:21 PM

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QUOTE(fahrur_07 @ Apr 7 2012, 11:41 AM)
you calculate how much total cost you for each month
then divide the total to how much gram you bought to get even
you should sell only when the price is higher than the even price

eg:

on Jan, you bought 10gm, total = RM 1780
on Feb, you bought 10gm, total = RM 1680
on Mac, you bought 10 gm, total = RM 1580

so, total is RM5040 then RM 5040/30gm = RM168

Then, to get profit, you should only sell when bank bought at RM168/gm
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Good idea on average cost VS current sell value.

IMHO, if the buying is long term periodic, then i think another, perhaps more relevant way, would be to add in time-value of money, ie. look at all the invested cost VS current value as a %pa compounded. To do this easily, checkout the function XIRR in Excel.

Just a thought notworthy.gif
wongmunkeong
post Apr 7 2012, 11:48 PM

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QUOTE(frankzane @ Apr 7 2012, 11:33 PM)


Added on April 7, 2012, 11:34 pm

appreciate if can show a simple example.
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Simple example
Attached Image
Thus, some example usage would be:
if / when the %pa compounded reaches your target profit, U sell some/all
OR
if U are value averaging down, when the loss %pa hits certain target, U put in an amount to buy "lelong" prices.
OR
???
Up to you to decide - no right/wrong biggrin.gif. Just some possible trigger points and actions to bounce around.

wongmunkeong
post May 15 2012, 11:08 AM

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QUOTE(prophetjul @ May 15 2012, 11:03 AM)
walau...if you watch gold price like so, you gonna go cuckoo.....   nod.gif
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Come on baby, USD1300+/troy ounce! hhehe - if drop 30%+/- from USD1900 lar
Based on "% drop from max" data in 2008, it's about 30%+/-, though US vs Greece + Spain + Portugal may not be "equal impact" sweat.gif

Please don't kill the messenger (ie. me) - just sharing a thought notworthy.gif

This post has been edited by wongmunkeong: May 15 2012, 11:10 AM
wongmunkeong
post May 18 2012, 08:24 AM

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QUOTE(WintersuN @ May 18 2012, 08:21 AM)
wat is QE3?
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Brother, google it lar - with such power at your fingertips.. doh.gif
http://en.wikipedia.org/wiki/Quantitative_easing

wongmunkeong
post Jun 2 2012, 11:38 PM

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QUOTE(doraemonkiller @ Jun 2 2012, 11:17 PM)
Just to inform you guys http://www.fgjam.org.my/ no longer control goldsmith gold price. The price of every goldsmith shops will be control by the company itself.
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Heheh - due to the new Anti "anti-competition" Act?

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