economic aka All
BNM is already executing preemptive measures since few years ago.. thats why we dont feel(much) the pinch on the last cycle..

max cavalera, u mean usd going to fall soon ? dj...
and bear bear coming soon?

What is the minimum amount of precious metals I can bring accross malaysia from Singapore.
Can someone give me an answer?

broken the 1200 mark..

Are you even sure about this.
Because it seems that you never do your damn research.

Precious Metals is definitely cheaper in singapore.

Have you even taken the time to do an actual compare? No.
All you have is assumptions.

Obviously you never research about this.
Nope they dun have. But then government regulation over there supports bullion dealership.
There is no similar gov support over here.

Confirm, ppl like you cannot be taken seriously.

And we expect to take you seriously.

Do you even google?

I never ever said that you should buy in singapore and carry over here before.

You said gold is priced the same internationally.
Do you know that in Britain, you have to pay 20% tax when u buy gold?

Think before you talk lah.

https://www.buysilvermalaysia.com/shop/prod...-Mint-RCM-100-/]https://www.buysilvermalaysia.com/shop/prod...-Mint-RCM-100
https://www.bullionstar.com/buy/silver-bars
I hope you know how to use a calculator to do the conversion.

I am learning this trade myself & If I am not mistaken, there are only six banks in Malaysia where you can trade/invest in "paper gold" with most allowing withdrawal in physical gold. The banks are UOB, Public Bank, Maybank, CIMB, Kuwait Finance House and HSBC. You can check their website for full details on their Gold Account.

For me, the order of importance 1) Purity - is it 999.9, 99.9 or 99.5? this to ensure we can make an apple-apple comparison between the banks offering this product 2) The buy/sell spread i.e. how much I pay when I buy & how much I get when I sell it back and is measured as a percentage. The lowest is UOB at 1.61%, the highest is KFH at 6.1%, HSBC is ????, is in Oz whereas all the others are in grams and still ???? 3) Whether can trade on-line so as to avoid the hassle of traveling to/from the bank, an important factor I think 4) The mark-up compared with the spot price (e.g. London Fix). I believe the rest of the matters are +/- and it includes a) how many grams initial purchase b) how many grams subsequent purchase/sale c) minimum balance in account d) Do I need an associate saving/current account e) Whether our "paper gold" is backed up with physical gold f) passbook or monthly statement, etc etc.

o You can track the banks selling & buying price on their website but HSBC ???
o How much to start is dictated by the bank based on specified "Initial Investment". How much you want to invest is up to you but if you are new better to start with the minimum... get knowledge, tools, skills and experience before building on it.
o There are many factors which affect the price of Gold... USD is just one of it
o  Which banks? I am still checking it out

Welcome to "paper gold" trading, lets make money here then talk about physical gold and then on to Bursa's gold futures (FGLD) which is moving quite slow

After swiss referendum on gold, bet gold price will drop tomorrow.

Swiss voted strongly against the referendum. Wonder will gold fall back to pre 2008 ? 900 ?

Thx for your blessing today.

Trolled?
You said gold will go down. It broke 1200 and even went 1220.

It has form a new support at the 1200 level.

Seriously, you are a joke. You really are.

Cannot be taken seriously at all.

You think that the only factor in Gold is the current paper price. But then, even traders are aware of the demand for the physical right now and they know that if price goes down too much, supply will eventually run out and then real market forces take control.

Supplies are very limited based on gofo rates.

Looking at the charts, you seriously think that Gold price is really based on supply and demand or is it a game of poker. To me, it's more of a game of poker rather then supply and demand but seeing your sophisication, you probably actually think that the gold price is actually based on supply and demand.

I mean what can we expect from someone who cannot even do a price comparison even when the links are provided.

So how much did you lose by shorting.

I know it will not go up forever.
I bought some mining stocks recently.
Because as I said. This market is fixed. It's more of a poker game rather then the real market. Traders playing gold are not interested in gold. They are only interested in "outwitting" each other. Also there will be those large obvious naked shorts on option expiry day. Last Friday was option expiry day and that is why you see precious metals getting whacked.

If you look at the chart last Friday or Thursday and never suspect anything, then really nothing to say.

The thing is, you could probably make some money predicting what would likely be the next move then just holding long. Because it will take some time.

As I said. There are many signs that actual physical gold in the open market is running out. when that happens. Say good bye to the current price mechanism that you are currently using.

So you dun even read charts.
And you claim to be an "expert".

Seriously. I overestimated your abilities.
You lack even the most basic skills.

http://goldprice.org/

For the rest who is interested.

I am dealing with a moron all this while.

Beside jewelry, gold has hardly any industrial use. Believe over 80% gold mined is recycled mean quantity of gold available is increasing every year.
Keeping and storing gold is a liability and don't generate any income, beside long term gold price is unpredictable. Money could be better invested elsewhere.

A true gold bug understand the fundamentals of currency...

If they collect, they aren't looking at a 5-10 years time span.. They are really into selling it..

For them.. is a asset collect.. price go up.. buy lesser.. price go down.. but more only...

Yes.. some "gold bugs" buy with trend... but mostly.. they dont.. trust the older generation.. Work hard.. Be kind.. Collect Gold.. not currency.. coz they been through war and depression. They know what currency is... is paper...

icemanfx.

That is precisely why Gold is viewed as the best form of money. Because it has no industrialusage.
Because it has very little usage.

The amount of available gold that are currently open is very limited actually.

Based on your theory, gold should be near zero if gold is just something which is aesthetic and has no real value. The fact that 1kg of gold right now could probably buy you a Honda says otherwise.
If gold was so unvaluable, why is that so. Why is it that people still put such a premium on something that just looks nice on the outside. But has no usage as all in other things.

Well, the amount of gold that can be mined is very limited. I believe market forces has priced that in.

So where do you think you want to invest your money in? Stock Market? Do you know the stock market has been tanking recently? So are you proposing that you put your money right now into "good" company and when a crash comes, can come anytime based on fundamentals not only of Malaysia but of the whole world in general, that you just tell yourself that hey I am after all "contributing" to the economy.

Oh put in bonds whereby governments around the world has been inflating like nobodies business.

Or in the over inflated property market that we have which will most likely crash together with the stock market.

You seem to have an understanding of booms and bust. But then your understanding of Gold and the history of Gold is very limited.
The fact that central banks around the world accumulates Gold shows that the top people still put a premium on Gold. If gold was so useless, why are central banks accumulating something which is useless? Are they stupid?

As an economics student, why dun you understand terms like gofo rates instead of just being under the cave?

I think you should maybe try to look at the world not based on just what your professor says.

Those who bought gold in the last few years are mostly under water. Given gold is on the downward trend, buying gold in the near future is likely to loss value for a number of years.

Those who "invested" in Gold and still holding it because they are expecting the price to recover would be suffering losses (maybe just paper loss for now) BUT professional Traders never suffer such losses, they would have shifted to the SHORT position and would be making money on the downside. They make money whether the market is Up or Down and usually breakeven, make small losses or small profits when the market moves sideways.

I am pro gold.

How you know that I do not consider other investments.

The thing is. You do not know what you are talking about so your only defense is to attack others.

I doubt you made that much in your investments as well.

Just because the fed does not value gold, does not mean others dun.

You are obviously myopic. Just looking at 1 side of the coin.

Many central banks every where are starting to accumulate gold silently or openly.

Obviously it shows that gold is in demand right now.