Significant fluctuations may occur around the U.S. presidential election, and when Bank Negara Malaysia (BNM) cuts rates at November, the resulting price squeeze could be substantial!

Gold at $2850 per troy OZ
1 USD = 4.45MYR

1 gram of gold is approximately RM407 !!!

SQUEEZE IT BABY! 😂😂😂

wow 999.9 gold bean now 378.61 @ kage

Walao...

Already hit 400/g already

It's getting higher by the day...

Keep longer, might even get 450/g by next end month 😔

And I have to buy jewelries for my incoming daughter in law. 😂

small pcs of 22k/916 jewelry, expect it to be about RM410/g + labor.

it was 390 + labor 6 weeks ago when i bought some.


spot price is now rm384/g.

a year ago, in mid oct 2023, it was 284.

so, a 35% rise in rm price.

if exchange rate had not changed, lagi tinggi.

congrats to all those who bought and kept before oct 2023!

Gift her some of your old stock

My wife said exactly this.
Olf jewelries not used at all. 😄

2754 XAU/USD now

USD against MYR keep rising

Tomorrow gold counter RM385?

Ahhhh..

What the timing ya...

When gold price is high side...

Just buy some basic one enough lorh...

Nowaday ladies don't really into gold jewelry.....

Israel launched its much anticipated attack on Iran.

Good for gold and USD if things continue to escalate.

Important info starts at 2:28
i have experienced the 2004 to 2012 bull. Will it happen again?

This post has been edited by prophetjul: Oct 26 2024, 10:43 AM

Make what you will of this.

herein lies the question of the decade!

i m not sure if this fits the elliot 5 wave theory but i think does more than not.

waves1-2-3-4 have occurred, pretty much satisfied the conditions.

now, wave 5 looks to hv begun in 2022.

wave 3 started in 2015 at $1050/oz, ended around 2020 at $2000/oz, over 5 years.

by elliot's theory, wave 5 cannot be longer than wave 3.

wave 5 started in 2022; it shud be reasonable to predict this bull will not run longer than 5 years.

max 5 years from 2022 implies latest by 2027, the momentum divergence will be seen and the real decline will begin.

so, if i believe in the above, it will make sense to hold or add gold holdings between now and 2026?

of course be ready to sell when the time comes.

how does it sound?

Hey all, what are your thoughts on silver? Where would be the best place to invest or store it? Any recommendations or resources?

Silver prices per kilogram have increased by over 45% YTD.

This post has been edited by killertcb007: Oct 27 2024, 12:39 PM

I think there is no silver etf at bursa.

there is also no e-silver offered by any local bank, unlike gold.

U will need do at foreign bourses. SLV is the largest one at NYSE, I believe.

Or u buy physical silver. May be so bulky u can use as door stoppers, flower pot stands!!

This post has been edited by AVFAN: Oct 27 2024, 01:42 PM

Hmmm, some forumers will become first-generation multi millionaire just from stacking gold.

good morning!

Date $/oz RM/g RM/$

29 oct 2744 385.00 4.362 (new record high in RM)
23 oct 2746 382.51 4.332
22 oct 2735 380.10 4.323
21 oct 2732 378.05 4.304
19 oct 2721 376.62 4.304
18 oct 2700 374.00 4.310
16 oct 2680 370.00 4.293
15 oct 2654 367.90 4.311
11 oct 2652 365.62 4.288
04 oct 2662 362.40 4.234

potus elections in 7 days - to buy, sell or hold?

I think Maybank offers silver account - Maybank Silver Investment Account, spread is around 8% if I remember correctly.

https://www.maybank2u.com.my/maybank2u/mala...er_listing.page


I'm collecting silver coins. Personally i think collecting silver coins is more like a hobby.
The coins are pretty to look at but spread is so high (30-40%) that I don't think it's a good investment.

Silver coins that I've purchased back in 2020 about RM132/piece (Maple Leaf) is almost breaking even now, but for others silver coins I bought around RM14x - RM16x are not even break even yet. Those nice design (limited edition) can go as high up as RM2xx per ounce.

Silver coin has high premium for workmanship. Nevertheless silver coins are pretty despite being a not so good investment (my personal opinion)