You are too late.  They already priced in tapering in the gold price. It has already retreated $100.

Next, IF you believe tapering you would have shorted gold.

BUT WHOS to believe? The FEDS? 

The unemployment is still HIGH and the economic recovery is is.....chugging along for the last 5 years.

Like Sri at CNBC said: " The Feds have put themselves into a tight corner by pre announcing Tapering"

How now, brown cow Berny?     

They will beat gold up.

Like that it seems dropping too next week. 

RM12.1m worth of gold futures contracts traded on debut day

KUALA LUMPUR, Oct 7 — The gold futures contract (FGLD), which made its debut on Bursa Malaysia Derivatives today, got off to a glittering start with 90.2 kilogrammes of gold, worth of RM12.1 million, traded by a good mix of both domestic and foreign investors.

Bursa Malaysia Derivatives Bhd Chief Executive Officer Chong Kim Seng said appointed market makers accounted for 56 per cent of today’s participation, followed by domestic retail (23 per cent), foreign institutions (11 per cent) and domestic institutions (10 per cent).

“We are happy with this (performance). The 902 lots was traded by 64 trading accounts. For us, it represents an interest by the marketplace and I think definitely, we can build on it. It is very positive for all of us,” he told Bernama when contacted here today.

The underlying asset for FGLD is gold assayed to a minimum of 995 fineness.

Chong said the small-sized gold futures contract, denominated in the ringgit, would also enable Malaysians to trade gold in local currency without foreign currency exposure.

“Although US gold price have declined US$1 to US$2 per ounce, the buy and sell spread here is very narrow and it’s only like five sen or 10 sen, and at most 15 sen,” he said.

The price movement on the gold futures market is expressed in ticks. A minimum five sen per gramme movement is equivalent to RM5 per tick.

The FGLD is a cash-settled contract and delivery of physical gold is not required. In addition, it provides market players exposure to international gold price movements at a lower entry cost.

Each gold futures contract is equivalent to 100 grams of gold bullion.

Bursa Malaysia said the pricing of the gold future contract is benchmarked against the London Gold Fix Price, which is the global benchmark for spot gold prices.

There will be two trading sessions — one starting at 9am until 12.30pm and the second session begins at 2.30pm until 7pm. – Bernama

- See more at: http://www.themalaymailonline.com/money/ar...h.mnC15DgX.dpuf

Hey guys.. I havent got the chance to finish reading previous topics on this, but will do so..

Anyway, I was once told something along the line that it is better to invest in overseas bank compared to lets say cimb/ Maybank coz the profit made wouldnt be taxed.. Can anyone confirm this?

Lucky you! .. I still have some bought at spot 1800++!!!     

gold spot now at $1319. not bad for the week! 

erk... when I started trading gold, it was in the range of 1400.00 - 1911.00... current live price is 13XX.XX is still low... so I was seeking opinion on when majority people target it's going to come back to it's old glory days. 

I remembered it went up couple of months ago to 16xx.xx... then dropped back to 12xx.xx... hopefully it will go up back again and this time break the 2000.00 barrier.

The best tip for liquidity in gold is not to buy to large bars if you are wealthy. Buy 1 oz gold coins or no larger than 100 gram gold bars. If you buy 1 kg gold bars, liquidity may be lower although here in Singapore at least there's many dealers accepting them as well.