how come no receipt? did u contra your savings account or paid by cash? they should give you a transaction slip and mention to bring it when you want to sell it back, otherwise rm10 will be charged for stamp duty.

i may not understand all the technical aspects here but i do get the main points.

this guy sounds convincing and if he is right, we're in for a fun ride.

a 46min video.

https://www.fxstreet.com/analysis/gold-and-...eo-202502071713
Gold and Silver flow east (Video)
Structural market imbalances
Silver on the brink of a short squeeze
The looming Gold revaluation

are u holding some gold miner stocks?

what  iread, they haven't gone up much yet, about to spike!

i hv some in AUMAS (previously Bahvest) on bursa - a sabah gold miner, been V good.
as RM weakens, gold price continue going up, it's getting harder n harder to buy anything gold.

spot is now RM413/g, gold jewelry shops... i think should be close to RM500/g for 999.9.

$2935 now, futures 2955.

a bit too fast!

with the trade war heating up, this gold rush may be saying global inflation is going to super accelerate.

RM likely to weaken as well.

so, double whammy. 

Crazy stuff

Approx double.in MYR since 2020

Hi sifus... what do u guys think about buying gold jewellery vs paper gold vs gold bar?

IAt 14% cagr, it has gone beyond MYR hedge.

Bank Negara and Maybank has problem fixing the price of Kijangs this morning! 

nice la... gold run, expose some secrets.

it's also speculated the fed may soon be quietly buying physical gold to top up.

many dun believe it has 8,000 tons, no audit done for decades!

this is an interesting opinion piece:
tmr is last day of CNY season.
let's see if the guy is right!
right now, Shanghai gold futures price is lagging CME.

Where can check the latest gold price eg $2935? Moomoo can? Found out is it "XAU/USD"?

it's good to see a breather.

chance for bulls to buy the dip.

a wider consolidation will likely come after it crosses $3000.

note china gomen has encouraged insurance cos. to buy gold, $26bil.

right now, i say buy!  

gold shops already pushing 999.9 to RM480/g.

sounds like USA starts to prepare to deal with BRICS/de$ moves.

perhaps they will be happy to do a hybrid gold-fiat system.

the gold standard was established at Bretton Woods 1944, only to be torn up by Nixon in 1971.

since then, petro$, fiat currency ruled supreme, until USA has $36 trillion debt today.
i hope they do that, at least monetize the 8133 tons of gold partially somehow.

some currencies will get stronger, others will languish.

Malaysia has only 39 tons; cambodia has 42.

Canada, Norway has zero!

https://tradingeconomics.com/country-list/gold-reserves
And if gold is revalued to $10,000/oz, many here will disappear, retire gracefully.

....

Something extraordinary is taking place in the physical gold market, which is experiencing unprecedented stress with massive outflows form the London Bullion Market Association (LBMA) to US vaults and an increasing number of countries are repatriating their gold reserves.

Since November 2024, more than 12.5 million ounces of gold and 40 million ounces of silver have moved from London into the US COMEX system, emphasizing that the sheer scale of these transfers suggests a deeper shift in global monetary policy.

JP Morgan is set to deliver $4 Billion worth of gold into COMEX for the February contract - questioning which entities are acquiring such vast quantities of gold.
Why the massive increase in demand, and who is buying it, and why are so many countries repatriating their gold?

In China, several major banks have reported selling out of their gold products due to surging demand, while in South Korea, the countries mint has temporarily suspended sales of gold bars, sighting market tightness. Also, 16 tonnes of gold have recently been removed from GLD, the world's largest gold exchange traded fund (ETF). This could indicate large institutional players redeeming their shares for physical metal - a move that could signal growing distrust in the paper market.

We all know that the paper gold market is heavily leveraged - in this environment what are the possibilities of running out of physical metal and what would be the ramifications if this were to happen?

Andy Schectman from Miles Franklin said, "I have a feeling something big is happening and I will tell you in 35 years, I've never since anything like what is happening right now".

The global economy reached a tipping point in 2008, but the effects are only now becoming apparent. Monetary velocity has spiked, indicating the start of hyperinflation. The US is kicking off 2025 with more than $36 trillion in debt, contributing to the stretched economy. The Federal Reserve and other Central Banks are adding to the problem by buying the debt, thereby printing more money. This situation leaves little option other than hyperinflation. Is it inevitable that we are going into a hyperinflationary depression?