u always turn up when price fall but disappears when price is up. hehe...

This post has been edited by AVFAN: Aug 2 2013, 08:46 PM

holding gold is not a bad idea la... humans been doing this for >2000 yrs...

but seriously, the biggest reason now is about the rm.

gomen/bnm seems not interested to keep rm strong.

rm looks set to get to 3.30 per usd (and that is supposedly to be a crap qe1-2-3 nobody want currency??) and 2.60 per sgd next few days.

some even say it's good to let it silde and slide so that palm oil cos. can make plenty.

but watch out for prices of chicken, bread and drugs...

This post has been edited by AVFAN: Aug 19 2013, 06:59 PM

current situation with all that we can know:

there is good reason to think gold can go either way at current price.

there is no good reason to think rm will not keep falling, maybe overshoot to 3.50 per usd.

not a bad idea to hold and watch a little longer, imo....

gold price lately has been boring and will probably be so for many moons.

ok to keep some to hedge against ever weakening rm, but it doesn't look like it's going to be a winner for some time.

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

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!

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

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.

no... qe taper means reducing the size of the continuous easing. not reducing the actual money in circulation.

usa's qe has more to do with new money buying back old bonds. google n u will find a couple of nice videos that explains it.

many countries do that, incl japan now. which currency strong or weak, it's all relative - which currency is in higher or lower demand.

This post has been edited by AVFAN: Sep 18 2013, 04:10 PM

doing a bit of everything...

us fed has been doing qe1-2-3 to the total amount of 3 trillion so far, i think.

the below news mean they will reduce monthly qe 85 bil to 75 bil, a tapering of 10 bil a month.

whether that is a lot or nothing, i have no idea. only that any taper by itself and itself only shud mean usd will not weaken, does not help gold price.

today? no la... usd strengthened against rm, now at 3.18.

rm price dropped because gold price usd going lower today, heading for 1300.

when did 1298/oz happen? not yesterday or day before...
at that price a week ago, before fed talk, rm was very weak.
then recovered after fed talk, now weakening again - against usd.

or u misread buy-sell prices?

looks to me all is correct. just dun forget it's all about:

gold price in rm is driven by 2 things - world gold price in usd and usd-rm rate.

usually, if usd is strong: gold price will drop n vice-versa; rm will weaken n vice versa.

rm today is back to 3.20, so looks like usd is strengthening.

i wud expect gold price to go down tonite in usd, but in rm, it may stay high.

which is why i say gold is useful as hedge for the weak rm. i see nothing that will make rm strong, incl bnm's will.

This post has been edited by AVFAN: Sep 23 2013, 05:50 PM

i'm also looking at that direction...

only reason i'm holding is rm is dem weak n looks like wil get weaker.

after rebounding to 3.15, it;s heading for 3.30 again, so soon!!

cimb page shows selling 134.60 buying 129.00.

these prices are close to the lowest i bought some months ago at 133.90.

doesn't look good at all!!

the 10 golden years of gold is over...

may come back in 10 years time.

unless u insist u can still make money with special skills, special sellers, recycled gold, pawnshops, etc...

u need to read this thread in full, and read the other sites about gold price.

do not for a moment think gold price must move up soon becos it came from way above. becos it came from way down below before. may stay that way for 10 or 20 years. go check the charts.



big question on everyones' mind is this.... where is this great unfallible foolproof way to make money from gold regardless price goes up or down? where is that magic formula using special training and skills, special suppliers, recycled gold and pawnshops?

pls.... i am dying to discover a perpetual money making machine!

price approaching usd 1200. how about 1000? make money still. wow...!!

This post has been edited by AVFAN: Dec 19 2013, 07:31 PM

long time no come to this thread...

so, who got rich in the last year by buying "special gold" from "special sellers" with "special knowledge"?

or recycled gold, backdoor gold, etc?