10 years ago, gold was around $1,250.

10 years later, $3,100.

Where's OP?

shirley bassey/bond - goldfinger - 1964

spandau ballet - gold - 1983

diehard3 - fed reserve heist -1995

guess many unkers here, i will not try to be older.

looks correct, younglings won't go for gold, too old fashioned; crypto more sexy.

shud be of interest to you:

“Given the scale of the rout, that’s raising questions about whether the Federal Reserve might need to respond to stabilise market conditions, and we can even see from fed funds futures that markets are pricing a growing probability of an emergency cut, just as we saw during the Covid turmoil and the height of the GFC in 2008.”
https://www.cnbc.com/2025/04/09/us-treasury...l-tariffs-.html

China Just FREEZES All...
https://www.youtube.com/watch?v=Cijfuy4wBZY

Date $/oz RM/g RM/$

10.04.25 3088 444.80 4.480 (trump tariffs 90 days pause; china tariff 125%; 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)
29.03.25 3085 440.22 4.437 (trade tensions mount with apr 2 tariffs approaching; gold price record high $3086/oz, RM440/g)
18.03.25 3015 430.80 4.443 (US airstrikes in yemen; US-Iran tensions; gold new record price $3015/oz, RM430.80/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)

good things come to those who wait.


This post has been edited by AVFAN: Apr 10 2025, 09:45 AM

The rebound after tanking at 3k is so fast.

Here’s a list of 23 plausible excuses, one for each year from 2002 to 2024, to justify why you didn’t buy gold over the past 23 years.

2002: I was too busy trying to figure out if Y2K was still going to happen.

2003: I thought the Iraq War would tank the economy, so I held off on investments.

2004: I spent all my money on a flip phone to look cool.

2005: I was convinced Hurricane Katrina meant we’d all be bartering with canned goods instead.

2006: I got distracted by the hype around the first YouTube videos.

2007: I was saving up for a Wii instead—priorities!

2008: The financial crisis hit, and I thought gold was just jewelry, not an investment.

2009: I was too broke from the recession to even think about gold.

2010: I figured the world would end in 2012, so why bother?

2011: Gold prices peaked, and I didn’t want to buy at the top like a sucker.

2012: I was stockpiling for the Mayan apocalypse instead.

2013: I got caught up in the Bitcoin craze and forgot about gold.

2014: I thought oil prices crashing meant gold was next.

2015: I was too busy binge-watching Netflix’s new shows.

2016: The election chaos made me think cash under the mattress was safer.

2017: I spent my money on overpriced avocado toast instead.

2018: I was waiting for the trade war with China to settle down first.

2019: I thought the economy was too good—gold seemed boring.

2020: I was hoarding toilet paper during the pandemic, not gold.

2021: I got distracted by meme stocks like GameStop.

2022: Inflation scared me, but I spent my cash on gas instead.

2023: I was too busy arguing about AI taking over the world.

2024: I figured I’d wait for gold to hit an even $2,000 per ounce—missed it again!


2025:?

Hi. would like to ask about the Poh Kong Bunga Raya gold bar buy-sell spread. Lets say I buy 10g - RM5,300. how much can get if sell?
Thanks

??? wah... isn't gold price per gram ringgit is like RM4, 400? mark up so keng ar? 20% mark up?

Too expensive, maybe can get 4.4-4.5k

Better buy/sell from Silverbullion.com, about 6-7pc spread for 10g bar.

i see from ms gold the Fortuna Gold Minted Bar-10G only RM 4,777

all these gold shops sell at a common agreed "list" price, currently at RM515/g for 999.9 gold.
https://www.pohkong.com.my/collections/shop...ldbar-and-coins

there may be workmanship cost in the selling price. (e.g. 10g x 515 +150 = 5300)

when u sell back to them it is calc on prevailing price less 10-20% depending on shop.

small bars & coins, jewelry, u can buy at these shops.

bigger bars, larger amounts, u get much better price with the bullion traders.

Unker no longer wonder how you got your name

U need to check their daily buy/sell price, i believe it is different among the company.
The buy price is so high.

not all jewelry shop selling same price
this shop below give competitive price overall

https://chiangheng.com/

this one is indeed cheaper, possibly not part of the assoc or something.

pohkong, sk, tomei, all same now at 515/g.

already check them out... they are part of the association.

the conditions of the association don't mention any fixed price at all.
Those in bold have higher overhead due to setting up in mall and advertisement

at first i was like you, I tot price of gold are fixed amongst jewelry shop but was introduce by friend, can get cheaper there.
after doing research, there is no such thing of fixed price among jewelry shop


https://fgjam.org.my/member-four/



This post has been edited by Iceman74: Apr 10 2025, 03:26 PM

I just check with Poh Kong, the selling price is 10g - RM4,399. so the spread is around 17%
Wonder how can make money with such a high spread rate

Just aware of this company. allow walk in buy/sell?

I stop buying any gold from any of those famous shop as much as possible.

If jewellery, then no choice as some of them unique design. Last year brought 1 for my son 21st key chain from Wah Chan and get super discount tim.
BTW even they from same company, different outlet might have different pricing too.
Found out this went brought the key as my friend brought same item but different locations

This post has been edited by Iceman74: Apr 10 2025, 05:33 PM