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

Is it possible to get margin for gold?

Tiger brokers, call options for GLD GLDM maybe

Invest from as little as 1 gram of gold and stand to win up to 10 grams!



Campaign period: 15 December 2020 - 15 April 2021.



T&C link: https://www.cimb.com.my/content/dam/cimb/pe...win-tnc-eng.pdf
Campaign link: https://www.cimb.com.my/en/personal/promoti...7:home_a8:popup

Gold hitting usd 1600 in 2 weeks. Run

Cry....

How do you know? Teach me sifu.

I bought at 1820. I thought that will be the lowest for today.
It gone down more.
😭

it will go down more, cut your losses

hey just checking you up
did you sell  
now 1700

Ady loss. Now try to come back.

I did learn something now. Haha

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.

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.

Gold price dropping because of bonds yield  is time to buy more gold

hey just checking you up
did you sell  
now 1700

Ady loss. Now try to come back.

I did learn something now. Haha

Dca!
U guys trade daily?

Dca!
U guys trade daily?

Anyone here bought Gold or Silver coin from Apmex dot com before?

Lately I have been reading about it and it seems like it is the most reputable site out of all.

I noticed that there is $49.99 shipping fee. Just wonder about the kastam. Any issue if any sifu have bought from Apmex before?

Anyone here bought Gold or Silver coin from Apmex dot com before?

Lately I have been reading about it and it seems like it is the most reputable site out of all.

I noticed that there is $49.99 shipping fee. Just wonder about the kastam. Any issue if any sifu have bought from Apmex before?

I have bought from them and a few others like JM Bullion, be ready to pay tax of about 16% for silver coins. Sometimes even bars also kena tax because they declare the wrong HS code or the custom officer will just tax because he is not sure.

I had to go the office in KLIA to settle the issue 

Out of 5 times, I normally kena 1 or 2 times. The other times which I do actually order silver coins, the courier (either UPS/DHL/Fedex) will call and ask you to settle the tax payment with them.

So long story short, I rather just get locally to save all the hassle because at the end it feels a little like 'penny wise, pound foolish'. This is a long term investment and your long terms gains would easily cover the extra premium you are paying now for the convenience.