It has gone down and would continue dropping more. Many are predicting it to be around the 850 to 1000 range.

The gold price drop to another new low today. My gold investment already stuck few months at RM131 buying price.

will it go lower? if not, what is the protection barrier that indicate it will go down/up further ?

Want to get more, buy PUT or GLL ETF.

Unfortunately that is the extend of it. Can't buy gold using their online banking

I'm OK for now to just hold onto my GLD short

I actually hate GLD because of too many daily gaps. Be careful, the gaps can kill you.

Anyone withdraw physical gold from PBB gold account before?

I would like to find out the 50 gram gold bar is what type? Any picture? Swisse pamp?

What are the procedure to withdraw the physical gold and how long it takes?

Yes. Had to do it physically. Gold price keep on dropping this few months.

Gold is not the only investment option available. What to invest is depending on your risk appetite.

Provided ringgit is depreciating faster and more than than gold price.

wah suddenly this thread become so active

i thought sfu had some kind of forecasting ability, it seems sifu also loost with the herd...

It is a waste of time to share any idea here. I post here just because i don't like to see people losing their money.

Not the i have forecasting ability, it is just plain economic. For gold price, you can track back my comment when gold was on bull run. Comments from gold herd at that time were similar to current property herd. At the end, long term equilibrium always prevail.


This post has been edited by icemanfx: Nov 7 2014, 05:18 PM

the down turn cycle is coming, if you still keeping much "property debt", much "paper" money.. my condolences

Crude Oil, RM and Gold has taken a beating. Crude is getting into breakout formation... up or down we dont know BUT to go up would require some very heavy lifting. Gold actually hit a low of 1131 and some fella is working very hard to keep it from falling. the smart thing to do is to follow trend, when against get out or hedge it in some form

This post has been edited by lyralp: Nov 7 2014, 05:54 PM

Down turn cycle in? sector, industry, commodity, country?

or maybe the money has shifted to equities, the clue is that all index are doing well except ours which was up when everybody was down... we are special, Malaysia Boleh

http://www.marketwatch.com/story/gold-head...7?reflink=zacks

ok bro...sorry not really trolling you just want to know your point of view as well. thank you

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..

This post has been edited by Sham903n: Nov 7 2014, 06:16 PM