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 Gold Investment Corner V8, All About Gold

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Cubalagi
post Jul 19 2024, 10:55 AM

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QUOTE(AVFAN @ Jul 19 2024, 10:05 AM)
1g a month is surely too slow.

but if u hv more money, that is the question, isn't it - should u save in gold or UT or stocks or go buy a house?

of course, if u hv enuf, do all la... biggrin.gif
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I go for all as i prefer a diversified portfolio.

Its the percentage of allocation that could differ.


Cubalagi
post Jul 19 2024, 03:26 PM

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QUOTE(markedestiny @ Jul 19 2024, 02:33 PM)
Because there is counterparty risk;  i.e. there is the likelihood that the parties involved in a financial transaction might default on their contractual obligations.

To reduce this risk, only invest in gold ETFs which allow you to take physical delivery of the gold if you are still keen on these.  Also there is no guarantee if they have enough physical gold for you to take delivery in case when every investor is rushing to redeem. These ETFs are also located overseas, so shipping/insurance  costs need to be taken into consideration
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There is the Malaysian based Aham Tradeplus ETF. Gold bar is in storage in a Singapore vault facility near Changi airport. Not very far to collect.



Cubalagi
post Jul 19 2024, 08:30 PM

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QUOTE(Iceman74 @ Jul 19 2024, 11:51 AM)
U guys buy gold for 1 reason.... profit, correct?
When u guys going to realise those profit?
U guys don't have the urge to sell at high and wait for it to go down even you guys know it will goes down eventually to more reasonable price?

Property I know how to re optimize the return if required
Share market also and in some way, crypto currency too

But for gold, the other option is silver only but it very similar movement.
So guys , u hold until give to grandchildren?

at this point my gold holding are insignificant comparing to others
i just don't see any way to increase it if i can't find a way or target to exit or re optimized
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My investment objective is to grow my wealth. If an asset value is going up and up, there is no real reason to sell.

Later in life, say after my retirement, my investment objective could change. From growing wealth to say living a certain lifestyle. I will.probably be selling then.

In between, I do occasionally sell. I believe long term gold will go up, but its not on a straight line. As part of risk management, I set a percentage of my asset allocation into gold and if it goes way beyond that, I could trim my position back close to my original allocation. This could be viewed as "taking profits". There is possible opportunity lost here of course.

But I do this tinkering far less often for gold than say stocks.



Cubalagi
post Aug 2 2024, 08:54 PM

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Other than Ringgit shooting up, another asset is also doing tje same (vs USD).

Gold futures already above USD2500 🥳

Cubalagi
post Aug 2 2024, 10:45 PM

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QUOTE(silentsurfer @ Aug 2 2024, 10:09 PM)
gold futures now at usd2516 but gains are being offset by the rapidly weakening usd to myr.....sigh
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Sometimes not losing money when others are losing is already a win bro..

Cubalagi
post Aug 25 2024, 08:36 AM

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QUOTE(surianti @ Aug 24 2024, 10:25 AM)
Is Maybank Gold Investment account ia a good gold investment platform?
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Its ok, at least its legit.

I prefer ETFs as Im also a stock investor, so easy for me to switch between different asset classes amd also.smaller spreads.

Cubalagi
post Aug 25 2024, 12:42 PM

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QUOTE(AVFAN @ Aug 24 2024, 10:17 AM)
above makes u think... what do u do when gold hits 2700 in dec or earlier? or equities start crumbling?

will u sell everything incl equities, gold... and sit it out?
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Im looking at USD3k by end of next year.

Then I will probably take half of the table.



Cubalagi
post Sep 14 2024, 11:32 AM

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QUOTE(prophetjul @ Sep 13 2024, 10:15 PM)
https://www.kitco.com/news/article/2024-09-...z-metals-prices

(Kitco News) – Precious metals prices are rallying across the board on Friday morning as rate cut optimism breathes new life into risk assets, while also boosting the attractiveness of non-yielding safe havens like gold.

Spot gold hit a new all-time high of $2,581.23 per ounce just minutes before the North American market open and is up 0.84% on the session.
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Unfortunately MYR also so strong ..spoil the party 😟
Cubalagi
post Sep 20 2024, 04:59 PM

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QUOTE(Sitting Duck @ Sep 20 2024, 02:26 PM)
When do you think it may hit $3000 ounce, by end of 2025?

Despite gold at ATH, the price of gold in RM did not gain much, in fact dropped a bit due to stronger RM.

Not sure whether it's a good or bad thing.

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Gold is a hedge against debasememt of fiat currency.

Long run fiat currency will always debase.

But in the short term at times the hedge will lose..like now for MYR.

Cubalagi
post Sep 25 2024, 05:50 PM

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Biggest impact will be Petronas. Petronas sells oil in USD and record its profit and pays dividends in MYR.

Cubalagi
post Oct 4 2024, 10:38 AM

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QUOTE(nanan75 @ Oct 3 2024, 10:09 PM)
Agreed.  Im with Public Gold, much better spread around
6-9% vs jewelry shop which is double digits spread.

6 month gold price already move 15%, so already profited as spread is <10%.
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I prefer Gold ETF, less than a percent spread.

Cubalagi
post Oct 15 2024, 04:26 PM

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QUOTE(AVFAN @ Oct 15 2024, 04:18 PM)
Date    $/oz    RM/g    RM/$

4 oct    2662    362.4    4.234

11 oct  2652    365.62  4.288

15 oct  2654    367.90  4.311

happy or not? tongue.gif
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No feeling.

I want gold to shoot up in both USD and MYR.



Cubalagi
post Oct 26 2024, 08:38 AM

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Israel launched its much anticipated attack on Iran.

Good for gold and USD if things continue to escalate.

Cubalagi
post Nov 8 2024, 10:26 AM

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QUOTE(virulence @ Nov 7 2024, 09:34 PM)
They are going to blame Trump for recession haha
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If we have a global tariff war, we might face high inflation followed by global depression, not just recession.

Cubalagi
post Nov 8 2024, 12:04 PM

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QUOTE(AVFAN @ Nov 8 2024, 11:18 AM)

if trump fulfills his protectionist promises, it will be hard not to expect accelerated global inflation and further RM weakness.
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Hopefully Elon Musk can moderate this plan somewhat.
Cubalagi
post Nov 28 2024, 08:20 AM

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QUOTE(AVFAN @ Nov 26 2024, 09:35 AM)
spread is low, good.

only issue is vol is typically low, can't buy/sell big amounts easily.

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A few hundred K RM can be done easily.

Unless u want to trade millions one shot, then yeah, could be problem with pricing.



Cubalagi
post Dec 11 2024, 11:30 AM

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My target is Gold to hit USD3k by end of next year. Another 11% upside.

No idea what USD MYR rate will be though.

Cubalagi
post Jan 11 2025, 11:19 AM

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DXY up, US interest rate up but Gold also up...quite unusual.


Cubalagi
post Feb 3 2025, 09:36 AM

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Gold strong 💪

Already breach RM400/gm.


Cubalagi
post Feb 10 2025, 09:26 AM

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QUOTE(pepsi89 @ Nov 25 2024, 10:10 PM)
i know, thats why now im thinking if i should buy physical gold, be it jewelry or gold bullion. Buy from wah chan/poh kong and sell to them . but im not sure the gap/spread for physical gold buy and sell. can anyone enlighten me? appreciate the helps u guys can provide to me
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Open a brokerage account and buy gold etf.



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