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 Gold Investment Corner V7, all about gold

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cybermaster98
post Jan 15 2014, 03:39 PM

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QUOTE(Michaelbyz23 @ Jan 15 2014, 11:34 AM)
Hello Sifu-sifu, i am very new to investment. I just started working and dont have much savings yet. Looking to learn more about investment, is buying gold a good choice for first investment? or should i save up more? how much savings do i need (to at least have) to start investing in gold?
The end of the gold slide is not in sight yet. 2014 will be worse for gold. Do not make the mistake and invest in gold now. I regret investing in gold now. I invested in May 2010 and now all my earnings accumulated over 3 years have absolutely vanished.

I would now advice ppl not to waste time investing in gold. Go and invest in something that can give you a steady return every year.

Assuming you invest 200g at RM130/g (RM 26,000) and assuming prices rise to RM200/g about 10 years from now, your net profit would be about RM 14,000. But if you had invested that RM 26,000 in one of those Amanah Saham giving out say 6% returns yearly, your total accumulated profit in 10 years would be RM 20,562.

See the difference? Do the math. Don't blindly assume that gold gives you good returns. Gold is only good as an investment diversification tool for those who have invested larger portions of their portfolio in other forms of investment and want some form of stability.

cybermaster98
post Jan 28 2014, 05:06 PM

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I wanted to sell all my gold yesterday when prices were at 134+ but didnt. Will tomorrow be better?
cybermaster98
post Jan 29 2014, 02:33 PM

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Looks like gold is gonna drop further once the Feds ease up on QE3 somemore in their last day of meeting today. If ure gonna sell, i suggest you do it now.
cybermaster98
post Jan 30 2014, 01:41 PM

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QUOTE(Curious Guy @ Jan 29 2014, 07:28 PM)
If price drop,China will buy. It seems China demand has outpaced taper effects.

The only thing can drive price further down is selling of ETF.
Buying of physical gold doesnt have a big impact on gold prices compared to a sell off in the ETF's.
cybermaster98
post Feb 3 2014, 10:43 PM

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QUOTE(Curious Guy @ Jan 31 2014, 04:05 PM)
Hi sifu,
Then wat drive prices upward? Or make gold bull?
What else can fight against this selling ETF?
Fall in currency and equities which is what happened the in Jan 2014 which is why gold prices went up to US$1,280. But didnt last long and now gold is hovering around US$1,248 per ounce. Either way 2014 will not be a good year for gold. So my advice would be to look at other forms of investments.

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