The answer is in page 187-188.
If n when free time, just browse thru...all the best in yr gold journey.

Let's hope this gold retest 1780 can be a strong support and hold at this level, if not this isn't looking good, it may fall a bit more and shake out weak holder b4 heading back up

This post has been edited by oOoproz: Feb 18 2021, 01:38 PM

If you have house loan. Pay up your loans if you self staying.

Gold dip a bit i guess some hoarder sell it a bit to buy bitcoin and eth

Gold goes from commodity leader to laggard in shocking reversal

Feb 19): Gold entered 2021 with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.

Bullion for immediate delivery headed for a sixth straight loss on Thursday, the longest run since late 2018, while gold futures touched a seven-month low, deepening a slump and falling through a support level that analysts say could portend further losses.

The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, has declined more than 6% in 2021, the worst performance on the Bloomberg Commodity Index. It’s suddenly facing a host of unexpected stumbling blocks. Chief among those are the surprising resilience in the dollar and a rally in U.S. Treasury yields as economic indicators show recovery from the pandemic is well under way.

https://www.theedgemarkets.com/article/gold...ocking-reversal

Till now, price of gold is relatively stable to all sovereign currency.

The fear is from a severe weakening of a country economic position. Low petroleum, weak commodity price, low FDI, budget deficit, poor transparency, poor corruption index, apartheid, unemployment + mmt.

Suddenly, you find nation's currency devalue much more than others when compared against gold, crypto. So, gold is more a store of value rather than investment.

Hence, unlikely for a normal person to invest high % of his net worth in gold. Its an insurance policy against stagflation, hyperinflation scenario...eg Venezuela.

So, talking to myself. Paper gold, silver (etf, etp) is most manipulated pricing controlled by the JP Morgan, Goldman Sach n other Hedge Funds. Hence, when buying physical gold, you pay a premium% over the spot price. The retail guys don't move the needle.

The MY gold dealer market is Silverbullion, Numex, My Gold, Bulliongold, etc that u can Google. The 100grams is 2-3% over spot price while buy/sell spread is 7-10%. MY pricing is sometimes better than SG dealer due to fluctuating exchange rate.

Similarly, buy/sell spread for Poh Kong, Wah Chan 99.99% gold is 10%, for the 916 gold is 30%.

Example today, Silverbullion sell price 100gm pamp swiss is $23.5k while goldsmith $24.4k. So, my approach to paper gold is purely for my teenage children to appreciate investment. I continue to buy physical >2.5kg gold while paper gold is maybe, 30gram.

For gold beginners, watch YouTube Mike Maloney Hidden Secrets of Money 1-7, follow videos by Rick Rule, Andy Schectman, Kitco David.

This post has been edited by Unkerpanjang: Feb 19 2021, 06:21 PM

Sharing some info, in the past gold was considered a tier3 asset in the banks. Meaning, banks can only consider 50% of gold worth as part of their balance sheet. I think last 4 years, world wide been changed to tier 1 asset. Meaning 100% worth in balance sheet.

You have cash in the bank in Savings Account, Fd, Asnb, etc. Quite liquid.. But not immediately avail if atm down or bank run/ closure. So, keeping physical gold is like your emergency cash, at home. Bottomline, is hide from the Govt tracking system.

Only exception, as in usa, gold jewellery is not subjected to Govt confiscation.

Gold is so dense, 2kg = $500k gold easily hidden in a relative small secret compartment at home. Also, places like G7 safety lockers are very expensive, $3k/year rental (when there's no dividend yield in gold)

Keep physical gold, there's speculation on monetary reset. Meaning price will go up. Our RM will devalue more as compared to Asean currency basket.

There's major risk for those keeping etf, etp, the Funds T&C allows the Fund to NOT honor the agreement and just pay you back your invested cash amount, and not the potential full realized peak price. Cannot sue them, the law n contract is to their favor.

This is latest news, lessons learnt from the silver squeeze incident, same applies to gold.

May I know what you think gold price could be in Ringgit by end of this year ?

Will give u a long answer.
No single expert can predict the actual price, best is to provide educated guess Up or Down.

Central Bank n Very Rich People
The Central Banks (China, Russia) and the billionaire family funds are secretly collecting gold. During this period, they very happy for price to maintain or even drop so they can buy more. They prepare for long term, beyond the 1-3 years price horizon. Why long term? These rich people think in terms of generational wealth (beyond 1 generation) one generation = 20+ years.

The 2nd investor is traders/hedge funds.
The trader/hedge funds know gold price will eventually go up, but their cari makan is to trade call or put options, watch technical analysis, markets trends, frequency trading to beat you by 1 cent in every trade (they bet in hundreds of millions) ... n they short the market making money.

So, people say China will be world largest economy by 2030, likely USD will lose the world reserve currency status. So what happens to gold price as measured in USD? Gold should go up.
So what happens to RM as compared to USD or gold? By then, how we think of MY economy, etc. If you think MY in trouble, gold shud be up when compared in RM. (Edit, just compare RM to Sgd, Thb, our immediate neighbors)

So, in conclusion, my above mails just share we should hedge our bets. Need RM in kwsp, asnb to generate enuf dividends for retirement needs, foreign stocks for balanced portfolio, multiple properties for rental n later pass on to children, gold n crypto in case of high inflation.

Crypto is the only investment that can provide 100x gains. People say don't be reckless, crypto can lose all money... What's different with playing Genting n weekly 4D. I have lost bets for last 30 years, hahaha. Just invest 1% networth in crypto.

This post has been edited by Unkerpanjang: Feb 20 2021, 08:02 AM

Thank you for taking the time to answer and explain.

Hi, pls explain why Traders short gold, when it's going up? Thx.

With the recent stock market turmoil, now’s the time to talk about incorporating new investments into your portfolio.

Investing in the short term might not produce the form of reliable returns that were produced in the last decade. The Bursa market has been surprisingly strong even though the country faces instability over the second wave of the coronavirus pandemic.

Whether or not investors use risk mitigation solutions, one of the better ways to protect against that outcome is by going outside traditional portfolio allocations.

Unstable financial markets are generating prospects for alternatives that can serve as a valuable counterweight to more conventional investment declines.









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There may be no official definition of alternative investments, but a simple reason could be that, beyond conventional portfolio allocations of stocks, bonds, and cash, they are all investments. That leaves a very wide field of possibilities.

For every investor, not all investment alternatives are acceptable. They are also the most desirable and most appropriate for more mature and financially savvy investors, considering their specific risk-return profile and complex investment features.

In addition to meeting minimum investment and suitability criteria, investors should also assess the time-span of their investments, investment goals and ability to tolerate uncertainty cycles before evaluating alternative allocations.

1. Discretionary Managed Portfolios


Discretionary managed portfolios are not a hedge fund, but rather an actively managed investment platform that, where possible, seeks to outperform the general market using investment strategies.

Commonly, managed portfolios use a combination of FinTech and human analysts. Some people do compare them with robo advisors but they don’t quite fit into digital wealth managers that are fully digitised or based on algorithms alone.

For instance, when the stock market is in a downturn, parts of your portfolio will be hedged against downside risks which may include switching to less risky sectors, holding even more cash or even cutting down equities exposure significantly.

During periods of market disruptions, the strategy is designed to minimise losses.


Gold-mining stocks are more speculative, and when the price of gold increases exponentially, they can have enormous upside potential. (Pexels pic)
2. Precious metals

Gold, silver, platinum, and palladium primarily comprise precious metals. Gold is the simplest to invest in although silver has been rising rapidly.

This includes coins and bars of gold bullion, exchanged gold exchange funds (ETFs), gold mining stocks and gold funds (primarily stocks of gold-mining companies).

Gold-mining stocks are more speculative, and when the price of gold increases exponentially, they can have enormous upside potential while also declaring dividends.

On the other hand, gold mining-stocks may be slightly riskier than the metal itself.

For the average investor, you can look to invest in a gold ETF, like the iShares Gold Trust, invest via a gold app like HelloGold, or invest in a gold portfolio through an investment company.

3. Trading

If you’re familiar with day trading, its longer-term cousin is swing trading. Instead of trading on the same day, you use technical analysis to earn profits over multiple days or weeks.

The basic idea is to become acquainted with the market movements of widely traded stocks, to buy when they are on the low end of their range and to sell when you can book a profit.

When buy-and-hold methods appear to be breaking down, it has the potential to deliver returns.

In recent years, options trading has become much more common among ordinary investors.

Instead of focusing solely on buy-and-hold strategies, it provides an opportunity to make substantial returns with relatively short-term investments.

One of the main benefits of options is that it provides an opportunity to profit from both stock price increases and losses. Before going live with real cash, you can practice trading options with paper money.



Luxury watches like a Rolex for instance, command enormous prices but choose wisely which you want to invest in. (Pexels pic)
4. Watches

Luxury watches command enormous prices. Consider these factors if you’re looking for a watch that could grow in value over time:

Brand: Rolex, Patek Philippe and Omega are more likely to be sought after.
Exclusivity: Look for a watch with limited production. The lower the supply, the higher the demand – and the more valuable the watch will likely be.
Association: Watches associated with a celebrity (like Paul Newman) or a story (like the Omega Speedmaster Moonwatch, which has been worn on all six moon landings) are more likely to be of interest to buyers.
Design: Watches with complicated movements tend to be more sought after. Those with unique designs or shapes are also more likely to be valuable
You’ll find several dealers selling luxury watches in Malaysia, so make sure to compare prices before you make the purchase. You can check out online sites, visit a pawn shop or antique shop but you’ll need a good eye to spot a fake.


Ground rents are an alternative investment worth looking at if you want to produce an income.
5. Ground rents

Investors trying to produce property income also look at the landlord route and incorporate a rental property portfolio to try to generate income from monthly rental payments.

Ground rents are an alternative investment worth looking at if you want to produce an income.

Request for properties capable of producing a decent yield has helped drive up valuations and consequently compressed yields, which is why some value may be provided by the lesser-known route of ground rent investments.

Ground rentals should not be confused with fees for service charges, which are based on land maintenance.

Ground rentals are fees owed to the freeholder of a property sold on a leasehold basis and the default rate on these payments is understandably low because the leaseholder fears losing his property.

This is an additional attraction and a possible win/win situation since you would produce a daily income, but you may take ownership of the property and even benefit from seeking a new leaseholder if the leaseholder fails to pay.

Explaining in simplest form. It's about who's controlling n influencing the narrative. They have 1st hand knowledge n uses it to front-run retail players into a trade.

Scenario 1
If Pfizer vaccine news were to be aligned to Trump n announce before election.
Long stock Index. Short Gold. Advantage Trump.

Scenario 2
Pfizer vaccine announced after election.
Long stock Index. Short Gold. Neutral Trump.

Scenario 3 (hypothetical situation)
If China n US warships engaged in SCS.
Assuming u r like the Traders, that have access to Bloomberg Professional Services. How wud u front-run the markets before the retail players know of the news?
U might short stock index. Long Gold. Long VIX, correct?

Thx. Easy to understand! Appreciate all your msg.

Gold hitting usd 1600 in 2 weeks. Run

Scenario 4
Stimulus check bill pass, fed printer goes brrr, M2 money supply increases again, gold rocket?

Gold to 2000
Bitcoin to the moon.

Is it worth to buy physical gold as long term investment purposes if comparison to paper gold?

This post has been edited by keluarpattern: Feb 22 2021, 05:30 AM

What's your opinion in current gold price?

Will it worth to in for now?