The world has changed since 1940's and 70's. If you are this concern, you can and should have investment and cash in Australia, u.k, bvi, Panama or u.s.a.

When myr is in crisis, almost all foreign assets would appreciate.


This post has been edited by icemanfx: May 30 2016, 05:01 PM

See?

That's still fiat. The world may have changed. Yes. It's easier to suppress the price of gold with electronic prices and control.
But the financial system has not changed. Neither have men's greed.
Why do you think gold has moved up from $250 in early 2000 to where it is now?

This post has been edited by prophetjul: May 30 2016, 05:36 PM

http://onlygold.com/m/Prices/Prices200Years.asp

In 1980, gold price was close to $600/oz.

Gold is a commodity, price goes up as well as down.

Actually in 1980, gold price went up to $850.

So it overshot.

There is not much use for gold, so how is it a commodity?

If gold price could dropped by over 70% and stayed depressed for over 20 years, how could it use for hedging ?

Gold is almost useless industrially.

This post has been edited by icemanfx: May 31 2016, 05:52 AM

It's hedging for a time. Situational.

In 2002 when Greenspan was easing everything, we bought gold because we saw financial disaster coming with the sub prime practices et al.
It was $230 then. Guess what? It went up to $1900 and the financial system almost broke!

Yanks tell that in 1900 , an ounce of gold bought a very nice suit. In 2016, an ounce still does that. Not too far from the Truth.

If the financial system broke, you would be broke. IF...............

hedge against crisis. And gold has a lot of industrial uses though not as wide as silver and copper.

You bought gold since 2002, what is your take of gold price vs djia index for the next 10 years?

Industrial uses such as?

You have predicted DJIA last year, which I knew how accurate is your prediction already.

What is your prediction for gold in the next 6-12 months ? (Since you ask other people....)

How much gold did you buy when price was over $1400/oz?

If i could tell ya that, i won't be sitting here chatting with you. No ONE can tell you what's going to happen definitely.
One can only look at the events happening and try to build the end result from there.

One thing, China is still the elephant in the room. Too many risks here which will affect the world economy, not to mentioned it's rather questionable banking systems and stock market.

The world markets are at a stretch, straining to make the next step up. However, there is no catalyst for that.


Industrial Uses of Gold

ok, if you haven't know already, one really good example are electronic circuit boards, computer chips, memory chips, etc.... Gold plated audio jacks were once popular..
Don't tell me you've never heard of these.....


Update:
Take a look at this blog..https://powermore.dell.com/tech-culture/how...-and-computers/

I've been monitoring your posts on this thread for a while now. Stop spreading false info to people that gold has no industrial use.

This post has been edited by sinbad2k: Jun 1 2016, 12:29 PM

I didn't buy any gold for investment purpose. I do buy jewelry for present or gold watches.

So, what is your view ? I may invest depending on how you view it

Boss, he did make a few predictions, explicitly on Grexit, DJIA, London property, Oil, RM, and Shanghai stock market. All I can say is his prediction is very consistent

This post has been edited by Showtime747: Jun 1 2016, 12:47 PM

Oops

Just saw ice's quotes at your tags

Just for your consumption and amusement, he made the following predictions :

1. Predicted Greece will exit Euro 1 week before Greece decides
2. Recommended buy DJIA when it was 17xxx late last year. DJIA went down to 15xxx. Luckily recovered back to 17xxx now
3. Recommended London property like Battersea. Early this year it was reported the project was down 20%
4. Predicted oil continue its down trend when it tanked to mid-20s just earlier this year
5. When RM was close to 4.45 in recent months, predicted further depreciation
6. Recommended buy Shanghai stock when it reached 5xxx point mid-last year

I am sure you know what happened to the above predictions.

Let's see what is his recommendation on gold price. And also his predictions in my signature will come true or not

o MY.........

Less than 10% of gold mined is used industrially.
http://www.businessinsider.com/global-supp...?IR=T&r=US&IR=T

showtime747 is my loyal follower, he double his wealth every year and he is going to double again from gold purchase.

This post has been edited by icemanfx: Jun 1 2016, 08:45 PM

Wow, that is a very good reverse indicator!!

Definitely following your prediction. You can see from my signature.

I have made/save a lot of money from your prediction, especially your RM/USD prediction