You referred, gold price jumped 4 fold when Greenberg increased interest rate. Why gold price can't jump 3 times if jy rise interest rate?

Gold is a commodity and price is speculative. What is the problem with speculation?

If you don't believe gold price can top $3000, don't buy or you can sell at $1800.

At 5% compounded, after 30 years is about 4.3 times. Your very good return over the 30years is in real or nominal number?

i am not into a 3,4,5 fold thing.

My point, which you seemed to be missing, is that gold ROSE during inteerst rate hikes.

Gold may be speculative to some. it is not to others.

i may be buying gold as a hedge. Does that mean i predict prices? No.......i don't.

This post has been edited by prophetjul: Oct 12 2016, 10:49 AM

Copy and (translate from mandarin) from other group: (Just for sharing)

"99% of people do not understand the investment project - silver"
"How to come in the next financial turmoil to be a big" silver "home"
After the Olympic Games, China's athletes for the country to win the most since the silver medal. Although we have to comfort each other that has been very good, but my heart still yearning for gold. From this you can see that everyone (especially Asians) on the value of gold is far more than the mentality of silver.
Not only in the Olympic Games, even in daily life, the status of gold is far more than silver. Five-star hotel decorations are mainly gold-plated, brand-name bags of metal parts are gold-plated, and many jewelry are made of gold (in addition to seemingly silver platinum). Poor silver is because of various cultural factors have been ignored.
Since ancient times, the world's major civilizations of the initial economic activities are mainly by gold and silver as a trading currency. This is because gold and silver are rare metals, and they are refined to the most pure will shine, and not so easy to oxidation. Geographers have confirmed that the Earth's gold and silver ratio is about 1:10, that is to say, digging 1 gram of gold from the ground will have 10 grams of silver. To this ratio, the value of gold should be 10 times the silver. However, you look at today's price of gold turned out to be 70 times the silver! And these two precious metals in the modern economy has not seemed so meaningful. Many investors are ironic to invest in gold or silver is an idiot decision.
Many people will say that now is the electronic financial era, we do not need to rely on gold and silver as a trading currency. Gold and silver in modern life only as jewelry and used in electronic chips as conductive wire. In fact, because now the central bank does not have to deposit money into the gold and silver as a guarantee, it will lead to the current super bubble. The government is not enough money, called the central bank on the keyboard by a few numbers plus a number of zero, and then these "money" to buy government bonds to "legalize" and then into the market.
Is that this model for human history created nearly 50 years of high-speed economic development. However, this basic economic principles of monetary policy can not be used forever. This is like a drug addiction, the more smoking the more High, the more you want to smoke more, the last must die very painful. As long as you use your logic to observe the current situation, you begin to find that the economic model of excessive borrowing is close to destruction. When this "illegal printing money" economic model destroyed, the new financial system will be born, and will go back to the basic principles of thousands of years unchanged - gold and silver.
At that time, the value of gold will be re-value and skyrocket, and silver will follow the rise, and the growth rate will be very alarming. This is because gold and silver price ratio will be 1:70 to 1:10, I hope you can understand this.

For properties investment, you have to add in the rental income. At today's rental, the annual return is 15%-20% pa based on on acquisition cost. So you have 2 type of gains/income

For my stocks, you have to add in the dividend income. But there were so many bonus, rights, splits issue I can hardly track what is my capital gain already. But there are also 2 types of gain/income

Tell me which passive investment you have/had that can give 5 times appreciation with annual returns of rental and dividend like the above...

Just 2 of your passive investment will do...

Many claimed gold was supposed to hedge against fiat money from qe but gold price dropped substantially after qe is tapered.

Since you insist; fb and c stocks, and it didn't take 30 years.

This post has been edited by icemanfx: Oct 12 2016, 03:32 PM

So they are stock too...nothing different. All stock price goes up and down. Nobody can time the market perfectly. Those who say they can are bluffing...or they are God

As I said, there is no "right" or "wrong" in investment. Only "better" or "worse".

Same as gold. On hindsight, we can always time it perfectly. But at current moment, buying or not buying now is all about one's judgement. No "right" or "wrong" decision.



p/s just for records, I mentioned I started investing 30 years ago. I am not saying all my investments were made 30 years ago. In fact, most of my investment were made in the recent 10+ years

As if you are the only person with 30 years investment experience and people with shorter experience couldn't outperform you.

This post has been edited by icemanfx: Oct 12 2016, 06:26 PM

Since when I claim that my experience is superior than any other person ? That would be down-right arrogant and naive

I am just sharing my experience that timing the market is not my way of investing. And it is not the only way to make money. I have had success without timing the market. I hold a very long term view in investment though.

If timing the market works for you, continue to implement it. And share how you do it. But all I can see you is negativity in all the FBI threads. Including this gold discussion. If you think gold is bad, then what is the alternative ?

Only now you realize you are a arrogant....

Understand economic and how economic function is not timing the market.

I am only negative when the herd are following blindly against fundamental economic. Most if not all herd will end up worse than the beginning.

There are many investment opportunity available but none is guaranteed or can get rich quick, and is hard for the herd to comprehend.

This post has been edited by icemanfx: Oct 13 2016, 03:19 AM

You know what is arrogant ?

When a person believed he is absolutely right, so right to the extent that he is worried about other people invest in the "wrong" investment and lose money, that is called arrogant.

You don't need to be negative about people here invest in gold. It's their money not yours.

And by the way, they could be "right"


P/s it would somewhat help to reduce your negativity if you could provide some specific alternative investment to gold. But all you can say is "there are many investment opportunity available...."

Yes. The fact that gold and silver are rare, stable and divisible into equal units makes it the best physical commodity to be used as currency in the ancient society. But if you look around, you can notice that we are entering digital era. Debit and credit cards are replacing cash, and we will eventually enter an era of virtual world. Even now, cash is not the sole medium to purchase and I can just buy anything using my cards.

If you are saying the fiat money model will collapse eventually, perhaps (I did not research it thorough enough yet). But how can you be so sure that the currency will be replaced by gold and silver in the future digital world? We do not necessary need to have physical commodity to exchange stuff anymore.

I read around that "a good investment is to buy assets that generate income". Something like a property that let you earn money when you rent out. And Gold is didnt generate income, unless you buy low and sell high. It is not that its not worth investing, but I rather not put all my energy to keep monitor and speculate when the gold price will rise in price for selling. I prefer something that long term, cost me less energy and can generate passive income.

That are just my point of view on gold. And one should be critical when reading statements by Mike Maloney, founder for goldsilver.com. Obviously he has vested interest in persuading people to buy gold as he run the business to sell gold.

Many people claim many things. Noise. Someone place gold vs google when they were about 450 at the time. Guess WHO WON?

How many FBs and how many dead tech startups?

Pot calling the kettle BLACK!

Boss, at least I am not talking down gold

Although I don't invest in gold and personally feel it is not attractive, but it is people's choice and their money....

BTW, looks like A$ is climbing...thought oil price increase RM will be better. But RM turns out to be hopeless.

Sorry. i may have made you misunderstanding.

i meant him calling you black.

Yeah. Everyone has their inesting philosphy. Wrong or Right? Time will tell.

MYR going to the dumps........

Suggest you look into mirror or signature, You will find you are not only arrogant and also a hypocrite to the 3rd degree.

You are not talking down gold but persons. Believe in real life you have few friends if any.

What about those talk about gold while at over $1600 and will exceed $2000?

Ya everybody has his own preference in investing.

MYR is hopeless in long term. Now short term also hopeless

Actually come to think about it, gold is a hedge against RM too...

This post has been edited by Showtime747: Oct 13 2016, 11:29 AM

You have OT into /k talks