If they increase interest rate. GDP will drop 20%.
GDP drop means less business opportunities, it will lead to high unemployment and will cause bad economic downturn.

If it increase the rate, vice versa there got pros and cons but before that look into China. Some information bolster China wanna get their hands into gold price.

Which is true and which is fake? Just wait until September.

On wat basis it drop 20%?

Their interest rate will only increase when the inflation rate is at 2%. Just my 2¢ 😎

you don't know whats the effect of the interest rate hike? there are pros and cons bro

not sure how true was Yellen words, but this is the historical data.

http://www.usinflationcalculator.com/infla...nflation-rates/

Nice sharing, thnx bro

They do really know how to use their mouth well. 😂

Theres no reason i see the interest hike will benefit US. More cons than the pros. The huge daminging on New York economy also lead to high unemployment. Cause ppl dony tent to export instead of keep importing.

Hence, GDP will drop.

How come their 2015 inflation rate so low?? @@??

I don't understand 1 thing also. As I see in the goldprice.org I compare the Gold price for USD and MYR, duration of 1 year. In USD, the price is dropping but in MYR the price is increasing. Is it because of our currency? It's seems yes. Is it that we should sell it before Malaysia economy recovers?

Need some advise here.


This post has been edited by knight: Jul 19 2015, 06:32 PM

USD got stronger and MYR got weaker at the same time, that's why the drop in gold price isn't translated to cheaper gold price here as gold is priced in USD. Sell before economy recovers??Why are you buying gold in the first place?

Example;
Gold is like an item imported from US and valued under USD.

Gold price drop but USD increased, Last time u buy 1usd RM3.30 but now RM3.80.

Hence it drop also u still need to pay more due to currency fluctuations. If 1USD:RM2.50 then u will buy much more cheaper lor. Vice versa.

I see. It's like direct convert the price from USD to MYR. So USD is the measuring stick. Can I say that?

I tot the price may drop if the currency recovers. Which is possible. But if it's not recovering and I sold it, then really facepalm myself. Haha

Yes. Correct. The website never cheat you. Is real.

Last time I bought iPhone all 2k+ now iPhone need almost 3k+ something like that la.

Monthly support broken 😀


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anyone know why sudden surge? I lost alot

USD rumored to raise interest rate, everyone jumping into USD

Sell now b4 it's too late coz Gold stocks slump too

dude, i baru jer beli 10 gram *touch wood*

U bot via Gold passbook or physical?

Where are all the gold bugs? If gold bugs don't continue to stock up, gold price could dip below $1,100/oz.