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 Gold investment corner V5, Will gold price achieve USD2000 by 2012?

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prophetjul
post Aug 27 2012, 02:19 PM

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QUOTE(cyap @ Aug 27 2012, 02:05 PM)
i bought uob gold around rm158/gm also.. but that was so long ago
*
Uhmmmmmmmmmmmmmmmmmmmmmm

i bought before there was UOB gold account...at PBB gold a/c @ Rm88 per gram

AND before that physical gold at Rm1122 per oz..............................
TSBlackPen
post Aug 27 2012, 02:24 PM

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QUOTE(prophetjul @ Aug 27 2012, 02:19 PM)
Uhmmmmmmmmmmmmmmmmmmmmmm

i bought before there was UOB gold account...at PBB gold a/c @ Rm88 per gram

AND before that physical gold at Rm1122 per oz..............................
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now X2 liao drool.gif
prophetjul
post Aug 27 2012, 02:30 PM

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QUOTE(BlackPen @ Aug 27 2012, 02:24 PM)
now X2 liao  drool.gif
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STOPPP

looking at it.......twill grow.............you will go KRAWZeee lookin at the price!
TSBlackPen
post Aug 27 2012, 02:40 PM

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QUOTE(prophetjul @ Aug 27 2012, 02:30 PM)
STOPPP

looking at it.......twill grow.............you will go KRAWZeee lookin at the price!
*
how many years you look at the same chart doh.gif
Pain4UrsinZ
post Aug 27 2012, 05:28 PM

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MYR drop again?
SUSWintersuN
post Aug 27 2012, 05:38 PM

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good good.. when reach peak can sell then gain rm4 per gram. After drop buy again brows.gif
TSBlackPen
post Aug 27 2012, 05:48 PM

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QUOTE(Pain4UrsinZ @ Aug 27 2012, 05:28 PM)
MYR drop again?
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ya ...drop a bit
cyap
post Aug 27 2012, 06:25 PM

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QUOTE(prophetjul @ Aug 27 2012, 02:19 PM)
Uhmmmmmmmmmmmmmmmmmmmmmm

i bought before there was UOB gold account...at PBB gold a/c @ Rm88 per gram

AND before that physical gold at Rm1122 per oz..............................
*
Lol i guess that makes u the expert..or a gold bug haha


izzudrecoba
post Aug 27 2012, 09:58 PM

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Michael Snyder: If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are “connected” have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen.

Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves. In fact, they appear to be rapidly preparing for something really big. So exactly what are they up to?


http://etfdailynews.com/2012/08/16/why-are...v-iau-phys-agq/
prophetjul
post Aug 28 2012, 08:31 AM

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QUOTE(izzudrecoba @ Aug 27 2012, 09:58 PM)
Michael Snyder: If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing.  Those that are “connected” have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen. 

Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves.  In fact, they appear to be rapidly preparing for something really big.  So exactly what are they up to?
http://etfdailynews.com/2012/08/16/why-are...v-iau-phys-agq/
*
izzu

The funny thing is this with Soros' action

QUOTE
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.



QUOTE
Why would you dump over a million shares of stock in major banks and purchase more than 100 million dollars worth of gold?

Well, it would make perfect sense if you believed that a collapse of the financial system was about to happen.

It looks like he is putting his money where his mouth is.

Perhaps even more disturbing is what he believes is coming after the financial collapse….


If one was to believe the paper financial mkts are to collapse, whats the use of buying PAPER gold? rolleyes.gif


QUOTE
According to the World Gold Council, the amount of gold bought by the central banks of the world absolutely soared during the second quarter of 2012.  The 157.5 metric tons of gold bought by the central banks of the world last quarter was an increase of 62.9 percent from the first quarter of 2012 and a 137.9 percent increase from the second quarter of 2011.

Prior to 2009, the central banks of the world had been net sellers of gold for about two decades.  But now that has totally changed, and last quarter central banks stocked up on gold in quantities that we have not seen before….


Central banks buy PHYSICAL gold, not paper gold called SPDR gold Trust, which may not even have the phsyical backin..........JMHO
SUSWintersuN
post Aug 28 2012, 09:12 AM

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fuu.. only go up one day then drop
SUSjames66
post Aug 28 2012, 07:26 PM

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uob very responsive ,dont worry,when gold price increase ,they got no or little response, when gold price drop,they only take seconds to adjust the rate!
izzudrecoba
post Aug 28 2012, 08:53 PM

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QUOTE(prophetjul @ Aug 28 2012, 08:31 AM)
izzu

The funny thing is this with Soros' action
If one was to believe the paper financial mkts are to collapse, whats the use of buying PAPER gold?    rolleyes.gif
Central banks buy PHYSICAL gold, not paper gold called SPDR gold Trust, which may not even have the phsyical backin..........JMHO
*
Fantastic observation, prophetjul. What does Soros action implying?

SUSendau02
post Aug 28 2012, 08:57 PM

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QUOTE(james66 @ Aug 28 2012, 07:26 PM)
uob very responsive ,dont worry,when gold price increase ,they got no or little response, when gold price drop,they only take seconds to adjust the rate!
*
i find dat UOB rate ties with USD/gm rather than RM/gm


Added on August 28, 2012, 8:59 pm
QUOTE(izzudrecoba @ Aug 28 2012, 08:53 PM)
Fantastic observation, prophetjul. What does Soros action implying?
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gold price is heading for a real bull n the economy is still..... doin well lol

or he s tryin to rally the "gold fund"

This post has been edited by endau02: Aug 28 2012, 08:59 PM
boylikegirl
post Aug 28 2012, 09:29 PM

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I would like to open a Maybank Gold Investment account...right now they are selling at 170.35...when do u recommend that I start buying? until it dip below 160?
weezer
post Aug 28 2012, 10:11 PM

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QUOTE(boylikegirl @ Aug 28 2012, 09:29 PM)
I would like to open a Maybank Gold Investment account...right now they are selling at 170.35...when do u recommend that I start buying? until it dip below 160?
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I just opened an account today. My advice is, don't think too much...just go for it whatever the price is tomorrow
SUSjames66
post Aug 28 2012, 10:13 PM

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QUOTE(boylikegirl @ Aug 28 2012, 09:29 PM)
I would like to open a Maybank Gold Investment account...right now they are selling at 170.35...when do u recommend that I start buying? until it dip below 160?
*
170 maybank? why other bank increase,uob drop mad.gif vmad.gif
prophetjul
post Aug 29 2012, 07:45 AM

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QUOTE(izzudrecoba @ Aug 28 2012, 08:53 PM)
Fantastic observation, prophetjul. What does Soros action implying?
*
To me........Rm130mil is drop for him.

For hedge fund managers, its

a) He see danger in banks
b) He sees opprtunity in the low gold price
c) Its just a fast switch for a fast gain

You see, its different for Paulson. The guy is big into gold, so much so he bought a mine!

So for me, to say that Soros sees financial COLLAPse and plunk into PAPER, thats just silly reasoning.
pubmut
post Aug 29 2012, 09:17 AM

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Here is a recent posting from Robert Kiyosaki for contemplation:

DON’T BUY GOLD OR SILVER

You may have noticed the prices of gold and silver are rising. As I write, gold is up over $30 to around $1,670 an ounce and silver has increased around $1 to approximately $30 an ounce.

I have been a gold and silver bug since 1972, but I do not recommend buying gold and silver now simply because other people are.

The most important thing to do is ask, “Do I understand gold and silver and do I even like gold and silver?” I love gold and silver but I don’t jump in just because prices are going up.

As some of you know, I began buying a lot of gold and silver when gold was under $300 an ounce in 1998. I purchased more when it passed $800 an ounce. For me, $800 an ounce was a benchmark, marking the previous high back in 1979. You do not have to be a math major to know that I doubled my money.

I remain bullish on gold. My view is that gold will be around $3,000 an ounce in less than five years. The problem is that $3,000 an ounce does not double my money from a buy price of $1,600 an ounce. Before I buy again, I better know what is going on in the market.

At present, the price of gold and silver are going up because investors believe the Federal Reserve Bank will announce QE 3. If the Fed does so, gold will push upwards to $2,000 an ounce. Again, $1,600 to $2,000 is not enough to be excited about.

My logic is the same reason I do not buy Apple Stock, even though I love Apple. At $600 a share, a prediction of $1200 a share is not logical. I would risk too much for too little.

If you are tempted to buy gold, silver or Apple, I suggest you find out more about gold, silver, Apple, and global market conditions.

All markets are manipulated. This is why you have to be smarter and know more than just the price or the trend of the price.

As I said, I love gold, silver and Apple. But buying for the sole reason that prices are rising is a silly reason to buy anything. As Warren Buffet said:

“For some reason, people take their cues from price action rather than from values. What doesn’t work is when you start doing things that you don’t understand or because they worked last week for someone else. The dumbest reason in the world to buy a stock is because it is going up.”

Yet that is what most people do and that is why we have so many people in financial trouble.

Just a few years ago, millions of idiots began buying houses because prices were going up. Then in 2007 the housing bubble burst. Today, we have millions of people buying houses at lower prices, many in foreclosure, in anticipation of housing prices going back up. This is nuts. They fail to notice that market conditions have changed and housing prices may not go up. In fact, they may go down again. Prices may go down again when amateur investors, investors who have been chasing lower prices, realize that prices may not be going back up and the cost of carrying their investment property is more than their rental income. Different markets, same idiots.

I do not sell stocks, gold, silver, or real estate. I sell financial education and coaching. To me investing in education and coaching is smart. I continue to invest in my education. As stated in Conspiracy of the Rich: Knowledge is the new money.

Simply put, don’t chase prices. Chase knowledge.

Robert Kiyosaki
prophetjul
post Aug 29 2012, 09:30 AM

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QUOTE(pubmut @ Aug 29 2012, 09:17 AM)
Here is a recent posting from Robert Kiyosaki for contemplation:

DON’T BUY GOLD OR SILVER

You may have noticed the prices of gold and silver are rising. As I write, gold is up over $30 to around $1,670 an ounce and silver has increased around $1 to approximately $30 an ounce.

I have been a gold and silver bug since 1972, but I do not recommend buying gold and silver now simply because other people are.

Thats BS. RobYourKissAsski was probably pimping gold and silver around 2005


biggrin.gif


Added on August 29, 2012, 9:36 am
QUOTE
5.  I loaded up on gold and silver between 1996 and 2004.- RobKissYouAsski


http://www.tatumba.com/blog/archives/1354

This post has been edited by prophetjul: Aug 29 2012, 09:36 AM

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