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 Gold Investment Corner V8, All About Gold

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AVFAN
post Feb 18 2025, 12:47 PM

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QUOTE(romuluz777 @ Feb 18 2025, 10:25 AM)
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.
*
you re going to be v rich by 2028. thumbup.gif


after 3 days, gold broke thru 2904 stiff resistance.

it's all bullish again now.

3100 by year end, says goldman sachs.
AVFAN
post Feb 19 2025, 04:24 PM

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the idea of elon musk auditing the gold kept at fort knox is heating up; let's see if it will come.

depending on what they find, it can have huge implications worldwide.

so, be informed!

https://www.youtube.com/watch?v=v3CFhigQMs0
the last few minutes are most interesting.

spot gold price in malaysia has just reached a new high - RM420.00 per gram.

Iceman74
post Feb 19 2025, 04:41 PM

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If audit the gold there are more than what other expected, maybe will happen
If audit the gold there less than expected or worse "kosong", USD will have nothing to stand on... Don't think higher up in command will let it happen
killertcb007
post Feb 19 2025, 05:29 PM

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I don't think they said anything that would put them at a disadvantage. Even if it's not there, they wouldn't mention it. My guess is they'll claim it's there, reevaluate it out of nothing, and show paper gains to cover up whatever they want to do.

This post has been edited by killertcb007: Feb 19 2025, 05:30 PM
AVFAN
post Feb 19 2025, 06:25 PM

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can take a script from x-files... announce a new virus found in the area, cordon off, no access to anyone. biggrin.gif

but the world will know if something is amiss, eventually.

leaving russia, china & india alone, i dun think the central banks of turkiye, poland, czech, hungary are stocking up for fun.

"the insiders know the playbook".

let's see...
devilmaycry9
post Feb 19 2025, 09:53 PM

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i'm just curious everyone talking about gold vs inflation and central bank buying gold etc... but i see the silver price is going up high too. any comment on silver demand?
virulence
post Feb 19 2025, 10:04 PM

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QUOTE(devilmaycry9 @ Feb 19 2025, 09:53 PM)
i'm just curious everyone talking about gold vs inflation and central bank buying gold etc... but i see the silver price is going up high too. any comment on silver demand?
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Just my opinion but physical silver premiums are on the high side.
Cubalagi
post Feb 19 2025, 10:09 PM

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QUOTE(devilmaycry9 @ Feb 19 2025, 09:53 PM)
i'm just curious everyone talking about gold vs inflation and central bank buying gold etc... but i see the silver price is going up high too. any comment on silver demand?
*
I bought some silver recently using SLV.


AVFAN
post Feb 20 2025, 09:12 AM

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Date $/oz RM/g RM/$

20.02.25 2941 419.50 4.438 (fed rate cuts dim with tariff concerns; $ strengthen; gold new record $2945/oz, RM420.20/g)
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)
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)
08.11.24 2700 380.80 4.385 (fed rate cut 25bps)
07.11.24 2662 378.62 4.422 (trump win aftermath)

Breakthru required at 2950 to go higher.

This post has been edited by AVFAN: Feb 20 2025, 09:12 AM
Afterburner1.0
post Feb 20 2025, 09:51 AM

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How do u all find bursa gold? promoted by KS ( Keluar Sekejap)
AVFAN
post Feb 20 2025, 07:07 PM

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the asian & european traders have done their job.

broke thru 2950, now at $2952/oz, RM420.60/g.

let's see if the US traders will follow thru tonight.

just for the record:
https://www.kitco.com/news/article/2025-02-...-andy-schectman
Iceman74
post Feb 21 2025, 01:03 AM

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BoE can cincai melt other countries Gold bar without asking like Australia 80ton gold?
If they can't detect fake gold bar, who can?




https://gerardrennick.com.au/is-the-rba-hel...-price-of-gold/

This post has been edited by Iceman74: Feb 21 2025, 01:05 AM
killertcb007
post Feb 21 2025, 11:36 AM

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For those looking to cash in for profit, be mindful of the strengthening ringgit, as it may lead to a drop in gold prices. Just a quick note on this.
fabvader
post Feb 21 2025, 11:38 AM

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I heard it will be go to RM500/g next year..
AVFAN
post Feb 21 2025, 12:55 PM

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QUOTE(killertcb007 @ Feb 21 2025, 11:36 AM)
For those looking to cash in for profit, be mindful of the strengthening ringgit, as it may lead to a drop in gold prices. Just a quick note on this.
*
very impt point.

i think it's more about $ weakening rather than RM strengthening.

$ index DXY has come down from a recent high of 110 to 106.4 and may continue to weaken.

that is partly the reason for gold price running up.

RM... if trump tariffs hit our exports, and foreign funds continue to exit bursa, hard to see RM strengthening much.

QUOTE(fabvader @ Feb 21 2025, 11:38 AM)
I heard it will be go to RM500/g next year..
*
that wud imply gold price at around $3,500 an oz.

not too far fetched since goldman said 3100, UBS 3200.
lopo90
post Feb 21 2025, 10:20 PM

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Why like kena pressed down around 2950.

hmm.gif

50 more only. Come on come on tongue.gif
prophetjul
post Feb 23 2025, 08:17 AM

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QUOTE(prophetjul @ Feb 23 2025, 08:16 AM)

*
QUOTE
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?


This post has been edited by prophetjul: Feb 23 2025, 08:18 AM
AVFAN
post Feb 23 2025, 09:50 AM

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many recent comments from the gurus highlight the increasing risks of paper gold as they r highly leveraged about 20:1.

what wud actually happen if one of the major players collapse?

wud u still get yr money back from Maybank, OUG, Bursa, ETFs??

QUOTE
But this giant Ponzi scheme is coming to an end as more wealthy nations and individuals wake up to the truth – the self-proclaimed LBMA emperor has no clothes. There isn’t enough gold to back up even a fraction of the paper promises and the run on physical gold has begun.
https://www.bullionstar.com/blogs/bullionst...or-bullionstar/


or is all this just another conspiracy theory to create volatility to frighten u?

still, the scenario for hyperinflationary depression" is real.

perhaps one day, we'll wake up to find no common white rice in the stores or sold at RM20 a kg. rolleyes.gif
GalaxyV
post Feb 23 2025, 09:57 AM

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quatuam gold is scam?
AVFAN
post Feb 23 2025, 07:19 PM

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new insights... biggrin.gif

https://www.youtube.com/watch?v=lRP0ahI19Ps

.. "trump/musk fort knox audit by May 2025..."
.. "compliance with basel 3 as tier one asset 1 July 2025..."
.. "non physical trades... need to do full buyback at market price..."
.. "potential revaluation... $3500, 4000, 5000..."

any expert, kindly comment!

This post has been edited by AVFAN: Feb 23 2025, 07:20 PM

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