Btw when is this gold re-valuation exercise gonna happen, if at all ? After fort knox audit ?

if it ever happens, it will be post audit.

it isn't entirely clear if a revaluation will need congressional approval or just an exec order from potus.

whatever, from all the stuff i hv watched n read, most say good chance it will be revalued to current market value.

that wud push gold price even higher over time while $ will weaken, inflation goes super.

dropping gold std 1971 and revaluation of gold 1974 saw continuous hefty gold price rise during that period.

what happens to other currencies will be most interesting.

many countries, BRICS in particular, have been buying and repatriating their gold back to their own country.

while many doubt USA actually has the 8133 tons of gold, just as many think China has at least twice the reported of 2280 tons.

we may be witnessing some extraordinary global financial restructuring in the making.

let's hv some fun watching it unfold bit by bit!

Date $/oz RM/g RM/$

25.02.25 2950 419.25 4.420 (trump says mexico-canada tariffs to start next week; gold new record $2956/oz)
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)

gold price broke thru $2950. will it stay elevated and then move higher?

Date $/oz RM/g RM/$

28.02.25 2877 413.50 4.469 (trump tariffs to start Mar 4; massive profit taking; china central bank & consumers halted buying in Jan)
25.02.25 2950 419.25 4.420 (trump says mexico-canada tariffs to start next week; gold new record $2956/oz)
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)
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)

gold price has dropped about 2.5% since record high 3 days ago.

trump tariff concerns & weak US economic data have driven up the $; bond yields falling; equity & crypto markets retreat

what's next? "hyperinflationary depression"?!

Date $/oz RM/g RM/$

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)
25.02.25 2950 419.25 4.420 (trump says mexico-canada tariffs to start next week; gold new record $2956/oz)
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)
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)

Recession fears abound; nasdaq, S&P, crypto, bond yields all falling.

Gold retreated too, albeit mild. where will it go from here?

hi guy, newbie here, do u mind to guide me how to invest gold in malaysia
i saw we can buy those physical/paper gold in bank. doest it come with processing fee? does it worth if we buy gold bar from goldsmith shop

Banks usually no fees but study the spread

I prefer to buy gold etfs via brokerage. Thin spreads but got brokerage fees and management fees, which I consider minimal.

Is the etf the paper gold?
What do they mean by the paper and physical gold?

There a few types of "paper" gold, one can invest in:

The banks ones
Exchange traded funds
Futures contract

if you are new new, and want to get in quick, easiest and lowest risk are those e-gold at the banks.
ask yr bank if it offers. maybank, cimb, UOB have it for sure.
the most impt thing to know is the spread, i.e. buying vs selling price.
1-1.5% is low, 2-4% is high.
normally, there are no other charges.
buying and selling is instant, meaning the money is transferred as cash between yr accounts immediately, no waiting time.

buying gold bars at shops is more costly, bigger spread like 8-12%.
BUT... u get to hold the gold and sleep with it.

This post has been edited by AVFAN: Mar 13 2025, 08:43 AM

Date $/oz RM/g RM/$

13.03.25 2938 418.80 4.433 (US inflation slows; tariff wars intensify with retaliatory measures arising; DXY at 103.59)
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)
25.02.25 2950 419.25 4.420 (trump says mexico-canada tariffs to start next week; gold new record $2956/oz)
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)
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)

gold broke out of 2934 resistance; next stop will be smashing record high of 2956.

good read:
https://www.kitco.com/news/article/2025-03-...nd-rally-likely

Does the bank charge u the safekeeping fee?

the e-gold from the banks are paper gold, not physical, no storage reqd.

Gold testing 2950 again.

Will it breakthrough to 3000? Or it'll get rejected

Soon it will come

$2,989.60 HIGH

This post has been edited by prophetjul: Mar 14 2025, 06:01 AM

Best asset class in last 2 years..beat even nasdaq QQQ.

Date $/oz RM/g RM/$

14.03.25 2987 426.90 4.445 (US inflation slows; trade wars + retaliations intensify; gold price new record high $2989/oz, RM426.90/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)
25.02.25 2950 419.25 4.420 (trump says mexico-canada tariffs to start next week; gold new record $2956/oz)
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)
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)

March 13 saw gold sprint 1.5% towards 3000 mark on the back of slowing US inflation/rate cut hopes.
Trump trade wars + retaliatory measures gave rise to incr confusion & fears as equity markets retreated.
North American session saw a huge jump in gold price - a short squeeze, basel 3 tier 1 asset requirement deadline?
$3000/oz shoud be hit anytime now; 2005 target should be 3100, 3200, 3500 depending who you ask!

This post has been edited by AVFAN: Mar 14 2025, 09:08 AM

Hi Sifu, I'm a newbie here. How do I invest in gold? It seems like the price will keep increasing due to factors like chips, etc. I've been trying to figure out how to invest, but I feel that Touch 'n Go e-MAS seems quite expensive. Should I just buy physical gold instead of e-gold? Thanks in advance