Not a professional when it comes to buying precious metals but i guess sticking to the minimum of 10g or 20g would be an ideal choice since the spread is smaller.

thats..few yrs of my hardwork combined, let see.. not even close wor
i should work harder now
gold digger mode on!

Dont rush into it man. Theres various other options that you could invest in.

i dont really investing actually, just merely saving before starting to invest
perhaps could cash out more money in about 3 yrs time?

*hopeful*

Price just went under 1200usd

This post has been edited by infernoaswen: Oct 3 2014, 09:32 PM

Under 2K?? it's going under 1K soon!

SELL SELL SELL!

Or maybe time to buy more

edit: Just notice the typo

This post has been edited by infernoaswen: Oct 3 2014, 09:33 PM

I think I'll wait on the sidelines, until the 'bloodletting' settles down. Selling too vicious. I think the new resistance has now been set at 1, 200.

all of you buy paper gold or physical ?

Seriously, don't buy or invest in Gold now. Big money is already out.
Only lemmings get sucked in.

hi anywhere i can find details on how this gold investment things? especially with banks. any help much appreciated

so when to buy or invest?

Probably close below 1, 190 this weekend and follow through down on monday when asia opens. Don't stand in the way of a rampaging bear.

Look at the USD! It's getting stronger because US economy is recovering and getting stronger.
The jobs report is pretty strong this month.

Who wants to hold Gold? They're dumping it. European dumping, China dumping it.

Get USD and buy US stocks! They got yield! They got earnings.

Gold is nice to look at.. that's it! Piece of useless metal.

i still want to believe its precious rather than useless..
i dont get it why the need to sell when price is going down.
gold is less an investment than that of preservation of wealth..

Tapering will be completed by end of this year, it means the end of QE. Then rate hike will be expected to happen in end of next year depend on the economy data.The gold price will be further down and hit the bottom then stagnant for a time of period. I dont know how long it will be stagnant but you can check the gold price between 1980s-2000. Bear in mind that you will not earn any interest if u hold gold. However I might be wrong. Good luck!

alright, while we are at that, what happen to our ringgit value? can gold be better against the inflation or not? say the guy above is right about the USD strengthening, but our gov doing eveything there is signalling the weakening. im paid in ringgit

Again, the same argument been made that it is hedge against inflation over and over so many times.

The reality of the fact is there is little or no inflation elsewhere.
Inflation is not happening in the developed market.. only in the emerging market (like Malaysia).
The problem is emerging market like Malaysia does not have enough Gold buyers to move the prices up.
The ringgit is weak and pathetic. Who wants this? Who uses it?

Ask yourself who in the world wants to takes in Ringgit and sell you Gold? Literally nobody outside Malaysia!

Never buy gold in Ringgit terms. It's a losing proposition and downward spiral.
Better put Ringgit in Fixed Deposit for one year - at least can get 3.5% yield or better.

i dont quite get u now.. ok inflation is due to happen here in malaysia, not in developed market, ok..

as for who would takes in rm for gold.. thats quite the other way around.
we accumulate gold, when we need money we sell gold, takes in the RM. in fact gold is tradable in any other currency.
by currency i do mean the the officials and the unofficials like the bitcoin, the hourmoney and such that has been started to be widely accepted globally

say the i do keep some money, inflation hits hard, i suffer.
if i hv gold, i need to sell the gold, even the price in USD is not getting any higher, chances are, i can get more ringgit than what i have paid before
n some of my savings is in the FD of some sort, that hopefully if doesnt grow as much, can curb the inflation rate even by just a few..

n i dont see why i shouldnt buy gold in ringgit eihter.. mind to shed some more light?

That the thing about investment. There is always risks involve. It may go south or north, depends on which side you are on I would say diversify your investments, the saying "dont put all your eggs in one basket". I will probably wait till nov & see where it goes.

http://www.examiner.com/article/china-will...-currency-reset


By looking at the rate its dropping, it might even reach 1180 before market closes Its now at 1,191.00. Interesting...

This post has been edited by infernoaswen: Oct 4 2014, 12:40 AM