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

This post has been edited by jhleo1: Feb 12 2025, 10:13 AM

https://goldprice.org/live-gold-price.html

i like this one, real time:

https://www.livepriceofgold.com/malaysia-gold-price.html

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.

Crazy prices sold at gold shop outlets...

Yet you can see still got people buying up...

Their reason is the price would go to even 600 MYR/g later on 🔥💪

https://youtu.be/M5qhBC1GnOA?si=JdPCTtqIEhPg-160

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.

....



This post has been edited by AVFAN: Feb 12 2025, 01:02 PM

Yeah. I just got back from the mall with gold shops.
999 Rm470 P gram.
Thats a grain of rice. Rm470!
Good thing I have already bought my daughter in law's dowry!
Cannot wait for Rm500!

I will be having a holiday every quarter with $10,000 per oz.

never trust the paper gold market

https://www.youtube.com/watch?v=zdIwXaeo03Q

this is a very impt 26min video to watch esp if u r big on paper gold.

last slide summary:

..smart money moving into gold
..physical > paper
..mining
..bitcoin digital gold
..think long term

enuf said.

Anyone tried Bursa Gold Dinar? Any comments?

Date $/oz RM/g RM/$

15.02.25 2882 411.00 4.435 (profit taking, beginning of the end of ukraine war; gold had new high $2942/oz on 11.02.25)
11.02.25 2919 419.60 4.458 (new trump tariffs on steel, aluminum; gold new high $2921/oz, RM419.8/g)
05.02.25 2842 406.16 4.444 (china retaliates with 15% tariff on select US imports; gold price new record high $2845/oz; DXY slumps)
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)
16.01.25 2699 390.00 4.495 (US lower than expected inflation data spurs rate cut hopes again)
10.01.25 2670 386.00 4.495 ("trump" inflation fears; china central bank continues buying bullion; incr in gold ETFs buying)
03.01.25 2659 383.60 4.487 (trump new tariffs fears; strong $, DXY 109.20)
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)
12.12.24 2724 388.00 4.430 (fed almost sure to cut rate on 18 dec, ECB expected to do same; china loosening monetary policy)
22.11.24 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine)
08.11.24 2700 380.80 4.385 (fed rate cut 25bps)
07.11.24 2662 378.62 4.422 (trump win aftermath)


have a golden weekend!

This post has been edited by AVFAN: Feb 15 2025, 09:00 AM

US bought 12+ mil gold in Nov 2024 last year! That's over 300 TONS! That's right after the Presidential vote.

very interesting n informative video.

i do think he's right about the insiders knowing the playbook, i.e. the central banks.

and if what he thinks the central banks are doing now turns out to be right, don't need $140,000 an oz, $10,000 will be good enough!

of course, this is the tortoise, not the hare, will have to wait closer to 2028.

and this is a good one: "gold is not sexy... need triple digit gains within weeks".

Buy only physical gold.
If you dont hold it, you dont own it.

is MBB i-Miga good?

I stocking up on gold via PAXG. Anyone on the same boat?

https://www.nst.com.my/news/nation/2025/02/...lery-quick-cash

I'm stocking up on 100g PAMP cast bars. They are rather small, fairly easy to liquidate and doesn't take much space in my SDB.