But if have this,



should be no problem right? 

That's nice............but you would have been, as Cherroy always pointed out, suffering for many years.   

Gold as a part of investment is fantastic and it's my hopeful wish to get into it again soon.

When I was younger, I can only afford to pickup 1 piece at a time every several months setting aside 8% of my income monthly so, I feel awesome whereas others might have just spend all their income away, instead.

By the way, Cheeroy should never have seen the cup as half empty.

I presume at the time you were probably buying Kruggers, Maples, Pamps or Eagles?

I was studying gold from 1998 to 2000 before taking the plunge in 2002.
This was after the asean crisis in 1998.

Interesting times in the last 10 years. 

Cherroy was sharing his pains.....cant see the full half.   

Many bought gold to defense increased of fiat money supply by QE. As QE tapering is imminent, does it mean gold price will drop further?

im confused. so QE will strengthen or weaken usd?

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!

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.

Now is downtrend.. But the price still fluctuate high and low.. Grab the opportunity buy low, sell high.. Since it already happened few times this year..

Here is an illustration on how fiat (paper) currency created by banks are literally created by debts.

Do you rather preserve you wealth in honest money (gold and silver), or hold on to someone else's debt (fiat currencies)?

Try not to worth gold's value in terms of paper money for a moment, but paper money's worth in terms of gold. One ounce of gold today is still one ounce of gold tomorrow, its worth does not change. But RM 1000 today might depreciate in value tomorrow thanks to inflation and worth much less the longer you hold the RM 1000.

Is the oil price, food supply price, and other goods actually rises, or is the value of paper currency actually depreciate, thus has less purchasing power to buy these goods?
Gold has most important properties of universal money:
1. Gold is an accepted store of value
2. Gold is easily divided into equivalent units
3. Gold is fungible
4. Gold is available worldwide
5. Gold cannot be counterfeited or artificially manufactured

Yes gold is not use in day-to-day transaction since paper currency replaced them. Remember central banks utilize gold for transaction between countries in large volume (tonnes). Can you still say gold is not 'money'?

FYI Kelantan has also started the practice of using gold & silver (dinar & dirham) as payment for salaries, and some shops do accept dinar & dirham to buy stuffs.
Debt should not concern you if you plan to spend your paper currency as soon as you receive your salary. But if you plan to store your paper currency for a long term, you will slowly see your purchasing power decrease over time. I hope this does concern everyone.

Gold and silver might not be a tool used for daily transaction, but it is still money. Most importantly at the current age, it is tool that acts as WEALTH PRESERVATION. Holding on and storing paper currency to preserve your wealth will only 'tax' your purchasing power bit by bit every day.

U may disagree with me but this is what I think.

Let's say 1 oz of gold is worth rm4000. And if u only can choose between 1 oz of gold and rm4000, which one would u choose? I'll choose the gold coz it might appreciate above rm4000 worth but whereas the value of rm4000 will depreciate.

I disagree that "Gold is not a money since it doesn't be used as a medium of exchange". I would love to accept gold rather than fiat money as an exchange to my goods and services. Just that ppl are afraid that the gold might not be genuine and it's a hassle to test every gold during each transaction.

Every time when i called the dealers, they only said one thing... This is the good time to buy! I already bought at higher price , feels like kicking that fella ass.

Hi kazama82,

Next year taper again by Yellen, will price go down further.....? it seems the "taper" will go on and on and on...like no ending..... then gold price down and down and down....?  then US equities up and up and up.....? (i'm not questioning your comment , just asking myself is this logic and seek your friendly discussion)

or 2014 will move otherwise for correction....???? is it bcoz even taper no effect coz they use to it aldy..... immune

The sun will rise everyday..............and set every day.   

How much is the current inflation rate? What is the expected inflation rate for next 2 to 3 years?
Gold and silver supply are running out? If purchasing rate right now is pretty high, why price is still lower than last year?

increase of gold price = inflation rate + sentimental value

now the sentimental value is gone. time to buy buy buy

of cause 1250 level is not a good time to buy, if you scared that gold will crash below 1000, you can buy shares while playing with gold

if gold sits between 1100-1200, then i would advice to buy. but now is winter... let's see what happens when summer approaches