Interesting, Goldman S n Hedge Funds start looking into Gold.
Wifey booking 1 pcs 100 gram Swiss Pamp @ RM24800.
Holding too much cash idling,....

Forwarded, as received...

Paper gold. Try klse gold etf or bank gold account. I think prudent way to hedge against our potential RM depreciation, (due to deficit) . I use the Kwsp n ASNB dividends to DCA gold.

Physical gold. Try Silverbullion if u in PEN, KL or JHR. I find them best value compared to other MY gold dealers n gold smiths. If u have other recommendations on MY gold dealers, pls share. Also, I find him cheaper than SG Goldsilver n SG Bullionstar, (after conversion).

Gold etf. Right now traders are shorting GLD, GDX etf, so stay away if u cannot stomach the price volatility.

Lastly, gold requires long term savings/ investmentt, unless u r an experience trader. Reminder, never put all eggs in 1 basket. Take all advice, (mine included) with a pinch of salt.

I am wary of the others.

Alarm bells ringing like crazy!
Just stop, don't listen further. Block the call.

In fact still accumulating both physical gold n maybank gold account. Am buying physical this week, as dealers closed during CNY. Our RM is devaluing, just look at food inflation. The asnb n kwsp dividends are barely enuf to offset the real inflation %. I'm capping my RM$ exposure with SG$ hedging.

Apart from gold, I've started allocating 0.2% networth on crypto, strategy to cost avg n build crypto to 2%. (Not for everyone, as I just use asnb n kwsp dividends to buy those assets). I'm just focusing on both extremes of investments in event MY inflation spikes.

Our country situation continues to be dire with mounting household debts, unemployment n mismanagement.

Decided to buy ETH instead.

This post has been edited by Unkerpanjang: Feb 15 2021, 05:38 PM

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

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.

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

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?

Your price prediction very chun le but event happened earlier, ethereum (digital gold) briefly drop below $1600.

Bro,
Apmex fees is in USD.
MY n SG have just as reputable dealers.
If u wish to buy gold coins, try our Tiger Bank, etc.
If u have serious trust issues with MY banks n dealers, then buy from Bullionstar, Goldsilver in SG. Shipping fee is like SGD40, for 100 grams gold.
Surely, you can trust SG governance/regulations.
You gonna redeem yr bitcoin for lots of gold?

Tiger bank is Kijang Emas.
What we want is the gold bullion, 99.99%. I wud say highly recognized n easily transacted locally.
Dont buy coins, the premium % over spot is high. Preferably, 100 gram bars; or 1 oz coins (if its gotta be coins)
SG Bullionstar accepts bitcoin.
But why sell bitcoin now, when likely months away from market cycle top?
I collect boring Swiss Pamp n 24K jewellery with 0% workmanship (old design on sale)

This post has been edited by Unkerpanjang: Mar 6 2021, 06:31 PM

Talking to myself again.
Just caught up with the old gold threads from past week.
Part of me curious how forumers trade gold.
It must take in depth knowlege on TA/FA, geopolitics, supply/demand n understanding how the Big Boys time their call n put options.
I guess its beyond my means.

I also dont understand why gold price moves in sympathy with S&P. If we r selling, someone must be buying. Is it dumb or smart money buying? If we conclude smart money buying, then we must be the dumb seller n vice versa.

One thing i realized, my fav Siam Rd char koay teow prices have steadily increased from $3.50 to pre-mco 7.50? I dunno latest price, stopped for 1 year. The boss doesnt bother if S&P down, GFC, Covid, Gamestop, etc. Cannot negotiate for cheaper koay teow even if Dow Jones drop 3% overnight.

Why? I think he knows the value of his koay teow frying skills n unique value proposition of heavenly tasting koay teow....instead of worrying if the selling price is too high.

Dont we think, we shud stop looking at the immediate price fluctuations, but actually understand the future value of gold?

This post has been edited by Unkerpanjang: Mar 6 2021, 11:24 AM

This forum is beneficial when forumers share diverse opinions n we share amicably (don't attack each other). It's free learning, n be reminded of blind spots/cognitive biases.

I truly encourage such sharing, ultimately I have decided on my direction, and will increase gold to 10% net worth n crypto 1-2% depending how fast I chase ethereum.

Rest of forumers will have to chart your own wealth direction in this gold thread...based on your beliefs, life priorities, affordability, risk level, etc.

This post has been edited by Unkerpanjang: Mar 6 2021, 12:19 PM

Elegantly crafted n frictionless comments.

The buy price (green) vs sell back price (red) is the spread %.

[quote=Unkerpanjang,Mar 7 2021, 09:49 PM]
I just wanted to add on.
Before u proceed into this rabbit hole, pls be very sure of your intent, priorities, investment duration, etc.
Avoid buying fractionals.

This post has been edited by Unkerpanjang: Mar 7 2021, 10:12 PM