becos the $ is falling like a stone.

DXY 98.21; $1.153 per Euro.

yet bond yields are up.

reserve currency status shaken.

not that it hasn't happened before, can expect it go down further, maybe <90.

gold price 100 years chart:





1929 - wall street crash, smoot-hawley tariff act, leading to the great depression 1930-1939.

1944 - Bretton Woods, $ and other currencies backed by gold.

1971 - nixon freed the $ from gold standard.

2001 - 911 attack

2025 - trump tariff trade war


we're witnessing an event of a lifetime.

how high, how long u think the spike can go this time??

This post has been edited by AVFAN: Apr 21 2025, 03:40 PM

$2,423.30 ATH Ion

1k discount?

fat finger.
$3,424.66 ATH

selamat pagi.

as the experts say... "gold go east".

as trump threatens to fire powell again.

after a mild US session, the asian session is again pushing gold price to new highs.

$3433/oz, RM482/g (RM4.37/$)

next, 3450.

This post has been edited by AVFAN: Apr 22 2025, 06:18 AM

Maybe if Trump pulls the trigger and fires Powell, gold will accelerate to 4k.

Golden morning all,

I'm curious about human psychology and would like to hear your thoughts. Suppose you've become the first millionaire in gold holdings within your family/clan-what comes next on your wishlist?

Would the natural progression be aiming to become the first multi-millionaire in gold holdings, or does the goal evolve into something else?

This post has been edited by Unkerpanjang: Apr 22 2025, 10:13 AM

and also the audit of the Fort Knox stock + gold revaluation...if it happens

Unker would probably cash out everything and place it ALL in the most hated asset currently

Date $/oz RM/g RM/$

20.04.25 3474 489.50 4.380 (trump threatens to fire powell; china warn others not to follow US tariffs; record high $3478/oz, RM490/g)
16.04.25 3258 463.00 4.421 (fallout from tariffs emerging eg boeing, nividia; gold new record price $3260/oz, RM463/g)
12.04.25 3236 460.48 4.423 (china raised US tariff to 125%; $ weakens to 99.78; 10yr yield rose to 4.497%; gold record price $3245/oz)
10.04.25 3088 444.80 4.480 (trump tariffs 90 days pause; china tariff 145%; 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)
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)

goldman sachs said 4000 by mid 2026.

now, maybe sooner?

i wud follow Ray Dalio's advice.

gift a gold coin to yr kid or grandkid on his/her birthday.

tell them not to sell unless it's an emergency.

tell them best to keep and pass it on to their kids.

Whatsvthe most hated asset currently?

1. Junior Gold Miners
2. Eth
3. Long term T Bills
4. Tesla
5. Silver
.
.
.
.
Hmm, except gold miners, ...my response will be out of topic.

This post has been edited by Unkerpanjang: Apr 22 2025, 03:13 PM

Dang. I just walked by a jewelry shop.

Gold selling price is now 520 RM per gram.

Wah.

for 916 lar

If 999, must buy jor

It's the 999 selling price.

But no one inside. I don't want to go in and then the sales person say I wan kat. Haha.

Good luck to all those getting married this year....

Don't expect gold jewelry as marriage gifts 😉

https://www.sinchew.com.my/news/20250422/finance/6476082 Today news. 999 at RM570 and 916 at RM520.

think the increase just happened. it was 550 for 999 and 500 for 916 yesterday.

it is possible this shop is selling a discount to recommended price, quite common.

the smaller shops do that, the bigger ones don't.

if u r looking for jewelry, u also need to pay for workmanship.

if u r looking for coins and bars for inv, better buy from bullion traders, e.g.
https://www.silverbullion.com.my/Shop/Buy/Gold_Coins

maple leaf 1 oz at rm15618/31.1 = 502.19/g.