I would short gold if I had the opportunity.

so you think will go down ?

may i know when is the next QE coming? since the economy is going down..

iinm read somewhere its eoy... then spot price wl go down n stagnant summore
not very pleasing read i hv came across

Pattern recognition and maths.

WHta i meant was that was this graph created by you based on your own judgements or was it taken from a website ?

Just realised the name of the website on the graph

I believe price will go up by 22nd oct (well it recovered a little bit from the crash & now its at USD1223). Price is now low & deepavali is near so I think indians in india will be buying gold soon.

Will be selling mine by end of oct before it crashes further

1. Physical Gold, need to get place to store. Storage in Bank need to pay yearly services also. Put at home = Risk. <--- similarly my concern. but i dont have that much to store at banks also.. need to gamble on this
2. Paper Gold, Buy/Sell spread is high. <---- its not PIDM protected, should u want to liquidate, might have to sell at loss within this 2 yrs. the world has more and more suprises for us. na ah for me. my only saving in banks is in form of investment. need to diversify.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell. <--- refer above.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.

plus for the papergolds, u might want to check hows the procedure to get the pysical form of ur gold. CIMB for example can only allow minimum 100g with a certain fee. some only allowed to be collected at main branch in KL. if thats not an issue for u, then go for it.
but always remember the old wisdom, its not urs until u can hold it.

for me, its always crucial to determine the enter and exit strategy. not just applicable for share market, i dont do stocks. but just anything.
i get the tips from a very old timer Comando. before u get in, must plan the easiest way out.
if i want to buy gold using my spare cash, i must hv a way to get the cash back.

and i go anywhere, i reverse parking the car
(until my straight parking skill so bad because lack of practice lol)

alert me if u are selling

Nice advise. So, in the end your mean is physical Gold is the best of all. But I was wondering, in times when something happen, I can still convert my paper gold and withdraw cash. Ops, I maybe wrong, shouldn't be withdrawing cash already.

Wah..Still very confuse which to go for.

me too....

for me, yes, i hv come to that conclusion.
some sifus in here might not agree on that though.

im a hands on person. i need to do stuff prior to write up a manual on how to do stuff. im not a creative person.
so i started small.

any loss made in the process, i take it as a learning curve and the fee to gain knowledge.
coming from a then buyer fr pohkong tomei etc. my dollar cost averaging sheet also doesnt look as good.

If u notice Dow jones, europe n many major equity market suffer a significant pullback the past week...whenever this happen in a major global equity market, the price of gold spike up...

It is commonly recognized the price of gold movement react inversely to the behavoiur of leading world equity market...its no use if u can detect a short term trend and speculate... U would liely lose ur shirt n money if the downward longterm trend is the bigger picture...

Yah...All have own pro and cons. I also think of that too. That would be the benefit in the case when Malaysia facing some difficulties and many flee from the country.

Haiz. I think I better just start with Paper then physical. Spread it la better. Only buy physical when I think getting a safebox in bank is necessary. You know, just open a safebox in bank just for gold (100Gm?? 500Gm??) is a waste. That's what I think lor.

Gold rises on lower dollar, Fed rate hike uncertainty
http://www.reuters.com/article/2014/10/13/...N0S82LC20141013

If sell I will sell paper gold but see on the price first, if not that much of a difference since they day I bought then no point in selling, better keep & minimize lost

ah ic.. i tot physical

anyone see www.mysmartgold.com.my da tgk lum website nih...harga dorg agk rendah dan spread cuma 1% utk buyback...ada sesapa pernah beli kat sini?

Part 4 of the GST (Exempt Supply) Order 2014, gazetted yesterday.

so anyone can confirm if Gold kena GST?