Thr are wild swing this 2 days. Last i check yesterday afternoon it was 1150. No suddenpy exceed 1200. Nope i dont dare yet to touch this commodity unless it drop below 1k usd. If not ill just monitor from the side.

So you dun even read charts.
And you claim to be an "expert".

Seriously. I overestimated your abilities.
You lack even the most basic skills.

http://goldprice.org/

For the rest who is interested.

I am dealing with a moron all this while.

This post has been edited by sylar111: Dec 2 2014, 08:51 PM

Give me a timeframe then. Based on the charts, if gold price close at 31st december 2014 above 1310usd. Then early next year we may see a small rally for gold.

If gold unble to beat this rate...long term bearish run until sept 2015 next yr. Accompanied by some small spike of volatility probably in april 2015

For now, if the price closed above 1217usd, a bit potential to the upside is still possible. Even if it did rally right now, max it will only go up to 1275 area.

Oh and btw. Im not an expert. Even my forecast follow back my economic forecast sifu mr martin armstrong forecast. U can see it on his daily blog.

This post has been edited by max_cavalera: Dec 2 2014, 09:23 PM

A gold bug don't really care if the price is up or down.. they will just collect it.

An investor will then monitor the up and down like a manic...

Gold doing 1200/T.Oz a big recovery from previous low of 1142. Crude Oil is doing 68/barrel recovered from previous low of 63. USD staying high with 1 USD giving RM3.43

hey guys.. is it a good idea to buy around rm5-8k worth of gold this time around? i wanted to save it and maybe sell it back in 2 years when in need (getting married) because i've heard the depreciating ringgit values.

or should i just save the money in asb?

Actually they care.

I mean if I think the price will go down. Why should I collect now?

Remember, most gold bugs are actually logical people who have decent financial discernment.

Who is interested at those more and more offensive remarks ? no one it seems.

cannot be taken seriously la , so what. wrong prediction so what, follow at your own risk. you are a joke, you really are . Seeing no hurt, became more toxic, putting an expert hat on, overestimated own abilities, people lack basic skills to the extent of screaming out a moron ?

Just what abilities you have to justify all that? Can predict gold? you got crystal balls so unbreakable?

I guess another one in this forum.

Cool bros....take this forum as opinions and sharing of information....no one should 'follow' blindly.
of course can ask any question------ and up to the person to read the 'answer' or 'suggestion'.
No one should take comments here as 'sure thing' as who knows what might happen next ?
Up, down, sideways, crash ...all possibilities....what you believe is what is important...and that doesn't mean you are necessarily correct.
chill..

yes, you read prediction here with a brain. at your own risk.
as though people owe him a living when it is wrong.

only people who has inferiority complex would go around belittling others ,
calling people moron, dont even have the most basic skills,etc
just to inflate own ego........sigh...

the most basic skill you need is forum etiquette!

Looks like gold price and gone up significantly. Wonder would it start going down or continue doing well for the 13th consecutive year.

A true gold bug understand the fundamentals of currency...

If they collect, they aren't looking at a 5-10 years time span.. They are really into selling it..

For them.. is a asset collect.. price go up.. buy lesser.. price go down.. but more only...

Yes.. some "gold bugs" buy with trend... but mostly.. they dont.. trust the older generation.. Work hard.. Be kind.. Collect Gold.. not currency.. coz they been through war and depression. They know what currency is... is paper...

hi all sifu, i have about the similar concern .. any advise ? thx.

Beside jewelry, gold has hardly any industrial use. Believe over 80% gold mined is recycled mean quantity of gold available is increasing every year.

Keeping and storing gold is a liability and don't generate any income, beside long term gold price is unpredictable. Money could be better invested elsewhere.

Banks and the feds gonna do all they can to suppress the value of physical asset like gold or silver.

Dont know how long this money printing business backed by nothing tangible will last...

The limitation to collecting it long term is its a static asset. U cant rent it out to people. U wont receive a dividend for keeping it with any financial institution as its not liquid like fiat currency and can be channeled for invesment and given dividend.

There are other assets class like property collecting rental or shares in a companies that is more dynamic and can give u passive return overtime.

However gold still remain the best instrument to hedge against any potential economic collapse

icemanfx.

That is precisely why Gold is viewed as the best form of money. Because it has no industrialusage.
Because it has very little usage.

The amount of available gold that are currently open is very limited actually.

Based on your theory, gold should be near zero if gold is just something which is aesthetic and has no real value. The fact that 1kg of gold right now could probably buy you a Honda says otherwise.
If gold was so unvaluable, why is that so. Why is it that people still put such a premium on something that just looks nice on the outside. But has no usage as all in other things.

Well, the amount of gold that can be mined is very limited. I believe market forces has priced that in.

So where do you think you want to invest your money in? Stock Market? Do you know the stock market has been tanking recently? So are you proposing that you put your money right now into "good" company and when a crash comes, can come anytime based on fundamentals not only of Malaysia but of the whole world in general, that you just tell yourself that hey I am after all "contributing" to the economy.

Oh put in bonds whereby governments around the world has been inflating like nobodies business.

Or in the over inflated property market that we have which will most likely crash together with the stock market.

You seem to have an understanding of booms and bust. But then your understanding of Gold and the history of Gold is very limited.
The fact that central banks around the world accumulates Gold shows that the top people still put a premium on Gold. If gold was so useless, why are central banks accumulating something which is useless? Are they stupid?

As an economics student, why dun you understand terms like gofo rates instead of just being under the cave?

I think you should maybe try to look at the world not based on just what your professor says.

This post has been edited by sylar111: Dec 3 2014, 04:23 PM

Gold can actually be used as collateral.
You can use the Gold that you have to reduce the interest payment as when you give the lender Gold as collateral, interest will be reduced.

Guess you did not know that as well.
Many things you dunno actually.

I think he try to explain in terms of using gold or silver directly in the trading between community. Our current fiancial model is based on fiat paper printing money.

No doubt gold can be purchased either as paper asset or physical side. But its usage in world economy is rather limited towards perceive 'investment', 'hedge', 'store of value'. If we can somehow integrate gold/silver into daily trade between ppl..im sure the value can go much higjer. Right now the current fiat system used in our community is isolating this physical asset with such limited usage.