gold has been around for 5,000 years.

$ has been around for 100 years.

cryptos were born in 2009.
watching some of the videos of the informed gold bugs, here's the quote i like best:

"once or twice in a lifetime, some ordinary people get to become millionaires."

i think we have a few here. 

last time oso they said high... and then it keep going higher 

3315!

any gold shortie must be shitting bad now.

and watch gold miners!
someone recently asked about silver.

it's going up but need to break $36 for a new leg up.

gold to silver price ratio or GSR now is very high at 100.

record high was $3357.

u got 245% tariff slapped on some china products.

u got new US sanctions on china buying iranian oil.

u got freighters reeling from order cancellations.

u got the chinese buying - central bank, insurance cos, instututional funds, retail investors, retail jewelry.

u got incr ETF inflows in EU and North America.

u got the $ declining, DXY at 99.22.

it's hard not for gold price to keep rising for a while or at least stay elevated sideways.

now hovering at $3350/oz or RM475/g.

we're witnessing an extraordinary event, a privilege.

I currently hold a considerable amount of gold as part of my asset allocation. While many view a scenario of gold prices skyrocketing as a positive outcome, I see it differently. In many cases, such a sharp rise reflects economic stress-marked by high inflation, social divergence and increased unemployment. It's a scenario that while potentially rewarding for some large bags gold holders, it would likely coincide with a bleak and stressful environment for the country at large.

That said, my exposure in crypto is significantly higher than my gold holdings. This reflects my preference for an alternative future-one where geopolitical tensions, such as tariffs wars, begin to subside, and global markets shift to a more constructive, risk-on environment resulting in gold QUIETLY rising as well.

In such a scenario, driven by innovation, optimism and FOMO, offer a more hopeful path forward than one implied by runaway gold price by itself.

We can only hope & pray common sense prevails. At the mean time "Boss, Char Koay Teow. Just duck egg,...No Caviar!"

can post again when it gets to 3380. very soon, i think.

at this rate, the gold shops will raise list price of 999.9 gold to RM575/g this week.

it was raised from 535 to 550 just 3 days ago.

very very expensive to buy gold gifts now.

1k discount?

selamat pagi.

as the experts say... "gold go east".

as trump threatens to fire powell again.

after a mild US session, the asian session is again pushing gold price to new highs.

$3433/oz, RM482/g (RM4.37/$)

next, 3450.

Date $/oz RM/g RM/$

03.05.25 3241 444.12 4.261 (USA 1Q GDP -0.3%, speculation china is considering trade talks; big incr in NF payroll; DXY 100)
23.04.25 3342 474.00 4.410 (trump says no intention to fire powell; china tariffs to be reduced; bessent says china tensions to de-escalate soon)
20.04.25 3474 489.50 4.380 (trump threatens to fire powell; china warn others not to follow US tariffs; record high $3478/oz, RM490/g)
10.04.25 3088 444.80 4.480 (trump tariffs 90 days pause; china tariff 145%; US 10 yr yield dropped to 4.27% from 4.50% after pause)
03.04.25 3151 454.30 4.480 (trump hefty reciprocal tariffs announced; equities sink, gold price record $3169/oz, RM455/g)
11.03.25 2887 411.20 4.430 (retreat of US-EU equity markets; fed adopts "wait & see" for rate cuts; trump tariffs on china commence)
11.02.25 2919 419.60 4.458 (new trump tariffs on steel, aluminum; gold new high $2921/oz, RM419.8/g)
04.02.25 2817 403.70 4.456 (gold price hit new record high $2830/oz, RM407/g; tariffs on mexico, canada paused 1mth)
21.01.25 2722 392.00 4.477 (Trump2.0 inauguration, markets bracing for tariffs, bond yields falling, $ weakens)
10.01.25 2670 386.00 4.495 ("trump" inflation fears; china central bank continues buying bullion; incr in gold ETFs buying)
19.12.24 2603 376.90 4.503 (fed rate cut 25bps, signals slow down in 2025 cuts; DXY 108.1; carnage in disappointed equity markets)
08.11.24 2700 380.80 4.385 (fed rate cut 25bps)
07.11.24 2662 378.62 4.422 (trump win aftermath)

been a busy week... if u hv been following the main events.

.gold price briefly hit record high $3500 on apr 22.
.retreated to 3205 or -8.5% on may 1, closed at 3241 or -7.5% on may 3.
.china labor week holiday may 1-5.

watch these videos if u hv the time & interest: china gold ambitions? trump tariffs development; $ prospects, etc.)
https://www.youtube.com/watch?v=CNNNmKydlQU&t=1536s
https://www.youtube.com/watch?v=N7o_2Zy3cnE&t=499s

Any recommendations for outlets with better buy-ins ?

want to ask ,
for UOB gold coins,

now can only SELL on KL ?

https://www.uob.com.my/corporate/gmim/gmim-...rce=chatgpt.com

asking for those non-KL folks .
thank you