Gold dropped again in MBB

just dropped few cents

Aye

The Fed is like a drug pusher feeding the addicts with the drugs.

If they remove the drug, the druggie will go into CONVULSIONS and DEath.

Cant stop or else

New Economy nothink can be Secure
Old days Gold are the most beneficial
Fuhhhhhhhhhhhh ...

Dun waste your time la. Go and invest in something that can give you a steady return every year. How much can you invest now at your age anyway?

Assuming you invest 200g at RM146/g (RM 29,200) and assuming prices rise RM200 about 10 years from now, your net profit would be about RM 10,200. But if you had invested that RM 29,200 in one of those Amanah Saham giving out say 5.5% returns yearly, your total accumulated profit in 10 years would be RM 20,677.

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 lager portions of their portfolio in other forms of investment.

At the beginning of QE, gold hoarders believe the end of fiat money was in sight and now believe tapering will bring the end of economy

Even at the beginning of QE, many gold bugs believe that there was NO solution to Greenspook's financial crisis.
Its a case of kicking the can down the road by Bernanke. That's why they said QE to infinity.
Delaying of the inevitable.
I believe that they did not think fiat will end.
All will be re-setted.
It will just be in a different form.

1348/oz now

1342.support 1320..

Gold Hits 1-Month Low Pre-Fed, Asian Stockpiles Cut Bar Demand Outlook in Half

"Gold's massive trading volumes in mid-year will now dwindle," says the latest Gold Survey Update from Thomson Reuters GFMS, because inventories amongst the world's heaviest consumer nations are already "generally heightened" following the surge in re-stocking during 2013's price crash.

"India is the exception, [because] changes in import and distribution rules have meant that inventories generally are low, while smuggling is on the increase," says the report.

Overall, and even with the world's former No.1 consumer being eclipsed by China in 2013, GFMS is now expecting"a tangible contraction" in jewelry fabrication and perhaps a 50% drop in gold bar demand worldwide during the second-half of the year.

For professional investors, and "as geopolitical risks fade," Bloomberg quotes chief investment strategist Wang Xiaoli at CITICS Futures, China's largest brokerage by market value, "the focus is shifting back to QE and the Fed meeting next week.

"We expect the market to remain volatile till then."

With the US Fed widely expected to start tapering its quantitative easing program next week, "The one thing I would say is that we should expect volatility," agrees Peter Sands,CEO of Standard Chartered Bank, speaking to CNBC at the World Economic Forum in Dalian, China.

"When you have that degree of intervention, stopping it is not going to be a smooth and simple process."

terjun bebas!!! syiok ye!!! \:D/

Now already USD1331/oz

Anytime now going for below USD1300/oz

This post has been edited by davinz18: Sep 12 2013, 10:42 PM

If break 1320, can go more down... Ready some bullets

I wish to sell my Canadian Maple Gold Leaf 1oz gold coin. Can anyone please direct me to who or which organisation in malaysia that I can sell it off at market price to please?

It looks like this in mint condition

U sure u wanna sell now? Gold price is falling.

Now already USD1326/oz

Maybe that time he bought very cheap..

How much do you have?

I have 5 coins but in need of cash hence thinking of selling one to see if its worth it. I want to know how easy is it to sell the coin on market value but on short notice ie is it an over the counter deal like when i bought it in spore 15years ago? Must i return to spore ?

Gold heads for worst week in 2 months on Syria, Fed

“We expect there will be volatility” before the Fed meeting, said David Lennox, a resource analyst at Fat Prophets in Sydney. “Investors are jumping out of the safe haven of gold” as concerns about a U.S. military strike against Syria ease, he said by phone today.

The Fed’s exit from quantitative easing will increase market volatility, former U.S. Treasury Secretary Henry Paulson said yesterday. “When you have a big, ugly, messy problem, there is never going to be a perfect, elegant solution,” he said in an interview on Bloomberg Television.