1315/oz now

these few days..it dropped RM10/G
WOW
good time to buy?

IMHO... to sell for market value a bit hard... must give discount to encourage buyer to snap at will.
For retailer when buying always at market/premium value but when comes to selling ..zzzz...

what coin you have?

http://www.bloomberg.com/news/2013-09-13/g...y-gains-1-.html

Now already USD1310/oz
Goldman Sachs says that there’s a risk that gold may drop below $1,000 an ounce

This post has been edited by davinz18: Sep 13 2013, 04:32 PM

Hi everyone, need some advice from you all. I have gold bought at RM144.40/g during June 2013 from CIMB GIA, currently after the news of syria, it keeps only dropping. Today already reaching 137.70. Should i sell it to cut loss? i read some analysis on net saying it will continue to fall till 2014. And at 2014 the average price will still be lower than average price of 2013. Please advise me!

Depend on your own situation. For me, i buy gold for long term investment if i really to use money then only i will sell. If you have sufficient cash you do not need to sell... the downside is gold investment does not give you interest.

price now 1310. very good time to load up some gold




Attached thumbnail(s)

Gold Drops to Five-Week Low on Stimulus Outlook, Syrian Talks

Gold fell to a five-week low on speculation the Federal Reserve will slow stimulus next week and amid talks on a plan for Syria to surrender its chemical weapons. Silver headed for the biggest weekly drop since April.

“The risk premium that was seen in gold seems to be fading now, after tensions with Syria eased,” analysts at Hyderabad, India-based Karvy Comtrade Ltd. wrote today in a report. “Expectations that the U.S. Federal Reserve this month may start to unwind its monetary stimulus” will pressure gold in the near term, they said.

“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.”

hi anyone here and kindly tell me how to register a public bank gold (GIA) account? their website didnt specify properly

do i need to go to bank to register for 1?

If you dun need to use the money, just ditch the paper gold aside & forget about it for a couple of years.

No point having sleepless nights over it.

If you feel that u'll sleep better without having any gold, by all means, just sell all & close the account

Spot will continue to retreat until 1270.
lim beh say one

really hoping so..

A few months ago, people who predict this would have labeled "no confidence" or "lack of self confidence" by some fellow forumer. Guess the market mood has shifted.

Yes. Gold is very high risk, ie volatility is very high. 1 world event and the course is changed. Like bombing Syria changed the course of gold price 2 weeks ago. This week looks like no more bombing. Then if next week US decide to bomb again, it will shoot up to US$1400+. Price will change in a matter of days

If Iran, North Korea or Pakistan suddenly threaten to use nuclear weapon, then gold will shoot up to US$2000.

Gold is not for those faint-hearted. Invest only with spare money you will not need in short term, and money that you can afford to lose 100%. One shouldn't invest in gold before investing in other asset class like property, UT, FD, bonds, stock market....

Gold futures suffer a weekly loss of almost 6%

Gold futures closed lower on Friday, suffering a loss of almost 6% for the week as investors mulled the likely nominees for U.S. Federal Reserve chairman and the outcome of the central bank’s monetary policy meeting next week.

Gold investors also factored in some downbeat forecasts for prices from major investment banks.

“We believe that far more important than the ‘will the Fed or won’t the Fed taper debate’ is the fact that [Fed Chairman Ben] Bernanke is set to retire very soon,” said Mark O’Byrne, executive director at GoldCore, in emailed comments.

If one started accumulation from late 2010, may need a very long term to breakeven unless the world economy is destabilized.

This post has been edited by icemanfx: Sep 14 2013, 05:19 PM

dun worry too much...deepavali coming and note 3 and Ip5s in mass production...all use gold....it will shift the price up..in fact good time time to buy now

1Provisional.

2Percentage change, 12 months ended June 2013 vs 12 months ended June 2012.

3Exchange Traded Funds and similar products including: Gold Bullion Securities (London), Gold Bullion Securities (Australia), SPDR® Gold Shares (formerly streetTRACKS Gold Shares), NewGold Gold Debentures, iShares Comex Gold Trust, ZKB Gold ETF, GOLDIST, ETF Securities Physical Gold, ETF Securities (Tokyo), ETF Securities (NYSE), XETRA-GOLD, Julius Baer Physical Gold, Central Fund of Canada and Central Gold Trust, Swiss Gold, iShares Gold Bullion Fund (formerly Claymore Gold Bullion ETF), Sprott Physical Gold Trust, ETF Securities Glitter, Mitsubishi Physical Gold ETF, CS ETF II (formerly Credit Suisse Xmtch) and Dubai Gold Securities.

 GDT_Q2_2013.pdf ( 358.09k ) Number of downloads: 6




This post has been edited by davinz18: Sep 14 2013, 06:36 PM