And you can buy

Maples, Pamps, Nuggets from UOB as well...........no problem

Gold quite low now.

Going towards 1270 as lim peh predicted earlier

100g PAMP bar is now sub rm14k oredi

This post has been edited by haicaramba: Sep 18 2013, 11:10 AM

haven't purchase any physical gold before. only physical silver at the moment

hey_there, how long do u think gold price will rebound back?

i dont know. but logic tells me that the price wont stay low for long. ppl will rush out to buy when the price is low and thus affect the price. again, gold is unpredictable. anything happening in the world could have easily affect the price. should ask many sifus here...

after FOMC meeting?

i have no idea. dont forget about syria. a bit of threatening from US could push the price up. for short, gold is unpredictable. buy at ur comfortable price. dont put all ur money at once. that's how i do it. i started paying attention to gold price in august. so i'm very green to comment on it. maybe any sifu here can advice u better?

Lets see if it gets lower than in april.

How would the stimulus tapering affect gold price?

For instance, slow tapering process? Will weaken the dollar hence, increase the value of gold?

What about a more aggressive tapering process? Will we the gold price plung low?

Would like to listen to all your views

all the qe/bond buying in the past years = lots of liquidity, lots of new usd money floating around = weak usd = high gold price.
add the hedge funds/etfs piling on gold = incredibly high gold price.

etfs have since pulled out, gold price dropped.
if qe tapers, usd will strengthen, gold price will drop further.
the uncertainty is how sharp is the taper, fast taper or slow taper or zero/never taper?
that will depend on fed's view of us economy, whether it is recovering, pretty sick or very diseased.


whatever it is, the usd is not going to get weaker than most currencies. as we all can see, after trillions of new usd, a usd sneeze sent rupees, rupiahs, bahts and ringgits down the drain quickly. see how weak some currencies actually are?

This post has been edited by AVFAN: Sep 18 2013, 02:32 PM

From your point of view. It doesnt seems good for gold. As the price is more likely to drop further.

Investors prefers to invest in stocks and less in commodity.

us and eu markets at all time highs says it all. but surprises lurk everywhere all the time.

i am only interested in gold as a hedge against the weak rm.

gold may be weak but rm can even weaker!

im confused. so QE will strengthen or weaken usd?

QE in theory will weaken the currency.
QE = more money in the market, simple demand supply theory, more supply, price goes down.

qe theortically weaken usd since there is more and more usd around.
qe taper, i.e. gradual reduction shud then strengthen usd.

Hopefully not. Egypt war ended already?

It was pretty high a month ago.

It happened last 2 weeks ago, but not this week.

This week RM rise a lot against USD, while gold price plunge, so "double down" effect of gold price in RM.

will they actually reduce the money that has already been circulating? like dispose the paper dollar?

yes, good to see it strengthen a bit for now. i need to get some fx soon!
it is never a straight line up or down.
longer term, i have doubts it will not go lower given all the indicators we see and the "big plans" our gomen has.