interesting:

During the first two days of Diwali, Indians purchased more than 40 tons of gold.
https://www.cnbc.com/2025/10/27/indians-spe...his-diwali.html


india gold lovers bought 40 tons in 2 days. Bank Negara has only 38.9 tones as reserves.

BNM is poorfaq. Most developed nations bot so much gold last 2 years.
But we are not developed nation.

we know central banks buying gold in last few years is the main driver for gold price rise.

mainly BRICS countries + turkiye, poland, czech...

so much so that total global central bank gold reserves value is now higher than $ treasuries.

what is not obvious is what BRICS central banks plan to do with it specifically as the end game.

in the event an alternative or new monetary system emerges, "those who hold the gold make the rules"!

Good point bro.
My guess is a new currency backed by gold standard so that no country can behave like USA did in the last 50 years.

china has said that it doesn't seek to replace the $ as the world's reserve currency.
because it carries a heavy burden as per triffin's dliemma - u will need to incr currency supply becos every country will need it.
and that has been the downfall for all previous world reserve currencies, incl the british pound sterling.

current info indicates more likely BRICS will offer an alternative system bypassing the $. an alternative, not a replacement.
member countries can trade in their own currencies; if trade with digital yuan, deficit or surplus can be exchanged for gold.
that is already working; gold vaults already in place in shanghai & hong kong; more planned for singapore, UAE, maybe saudi.

at the same time, USA appears to want to move to a stablecoin system backed by fiat $.
private issuers take deposits, buy short term treasury bills, profit from the yield, issue stablecoins.
this, conspiracy theorist say have the ultimate goal to devalue the stablecoin and so devalue-inflate away the $38 tril debt!
another possibility is to have a stable coin backed by gold.

whatever, next few years will see a lot of turbulence. becos we now see declining trust in the $, and all fiats for that matter.
holding some physical gold may well turn out to be the wisest thing one can do at this time.

Unker free today, boss on biz travel.

Assuming a balanced portfolio (investable cash - excluding properties)....kwsp, FD n ansb (30%), growth n dividend stocks (30%), crypto (20%) n gold (20%).

Noted, risk ON scenario gold drop.... a 20% gold price drop on a 20% portfolio is just 4% drop. But your stocks n crypto (even kwsp as some exposure to usa equities) should outperform.

So, why all the emotions abt buying at bottom n end of the world propehcy? The gold vs Crypto/stocks serve as a balance.

With additional cash, just allocate accordingly....i suspect some people treat investment like Genting,....whack all in. If miss, koyak. Hahaha!

agreed with you. All countries especially BRICS and certain countries in G7 find US are not only not playing fair but misused the trust on USD and SWIFT for personal gain.

Imaging all countries going into casino with US to play and US act as banker too.
During those older days,
All countries need to exchange to USD in order to join in.... that is fine as long the exchange fees are minimum

Now, the banker casino can stop you from taking the wins out

when all countries like China & Japan wins big and gathering enough winning fiat money, thinking can open a new casino nearby.
Each time the casino banker/US up the stake and printing a lot of new fiat money for members to fight for win again.
Indirectly making those winning money a miniature amount of money comparing with US casino have now.

A lot of countries are fed up bailing out out of control free spending US plus slap on their face like they own him for that.


If BRICS leads to some sort of fiat currency backup arrangement
example Gold back currency, everyone will think twice to print new money as it will affect their exchange currency hard.
It also create a balance check of gov not overspending as everyone know how much gold the country holding.

It also will create a situation where US need to "show hand" how much Fort Knox are holding the US gold reserve.
It might crash China, Japan and the rest of the countries if indeed there are that much gold inside.
If there is significant less than that or "kosong" vault, can say bye2 USD
(I think US will start wars around the globe than dare to declare this news to cover up)



This post has been edited by Iceman74: Oct 28 2025, 01:59 PM

Well... Still don't like to see negative amount or losses even though the rest of income in portfolio should show overall positive...

well, logically....

everyone should be happy if gold suddenly crashed by 30% tomorrow right? that gives everyone a chance to load up on the sweet sweet metal... especially to those who believed in the value of gold.

Like you said, what will most probably happen is that even the stoutest believer in gold may suddenly find his/her mood super sour.

Bro,

Imagine a see-saw n the 80/20 rule.

Gold is risk off, others are risk on.

Situations where both gold n others rise at the same time is not impossible...but typically it's sequence of events as the bros state earlier.

That's where traders dumps winnings into the next trade (even in different asset type). But I'm no trader, just some Unker with balance investing.

Hmm, net-net not lose,...preferably win less. Enuf to cover life
style.

I have no value to gold.
An oz is still an oz.
200 Ozs is still 200 Ozs.
The Fiats are valuing gold, not me.

I already feel sour seeing the losses eating into my profits...
Will probably do what I was doing for the past many many years... Just buy and forget it... I think last time when I bought... Price probably went down too but since I intend to keep for life, I did not bother to check price frequently. Just that this time the bull run too parabolic, made me greedy to add on to my gold and now kena burn back.. ish....

gold price continues to fall today, now at $3916/oz.

fibonacci... next support levels... 3900, 3800, 3750...?

don't forget thu early morning, fed decision - what rate cut, what powell has to say.

“Brace yourself — major turbulence ahead!”

“Intense turbulence incoming!”

This is panic selling

Zone out.
Don't stress.
The trend is still UP.
Buy the dip....where else to park excess liquidity?

Gold is for the long haul, if one is of the chneh kong type then better stay away from emas.

gold price $:

28 oct yesterday 6.00am 3980
28 oct yesterday afternoon european session 3887
29 oct 8.00am 3965
the paper casino operators may have played much of their game to beat price down, scare off weak players, short cover.

gary wagner's take:
https://www.youtube.com/watch?v=tAsRBFgXQeA
gold price has entered the 2 elliot wave, can reverse from low or go lower to 3874, 3750.
the coming wave 3 will possibly take it to new record highs.

fed will be announcing rate decision tmr early morning.
the derivative paper players will continue to battle the central banks physical trades.
certain powerful parties need to keep gold price in check as high gold price undermines the $ hegemony.
but can they?

next few days will be most interesting. buy, sell, hold... gudluk!
one thing... local bullion traders still hv no or little gold coin and bar stocks.
silver bars, still absolute zero.

gold $3968/oz; RM535/g
RM4.1925/$; DXY 98.67

Lucky that I sold my silver when it hit 52. But now with the excess cash, I plan to start DCA into gold again next week after Trump meeting with Xi.

Im not a gold bug, but considers commodities a must have in my investment portfolio.

Many seen this before.
Today is a timely reminder.
Choose your side of the fence..