There r 2. I chose the normal gold acc. With silver dropping below $24 recently, n gold/silver ratio, all time low....getting wife, to open silver too.
Me theenks, good to park some money there. Problem wt Maybank, need to schedule appt...Oct calander already all taken up.

We Retail players cannot pin point the reason. Possibly combinations of....my usual disclosure. Its all - imo & prioritize ones' financial cashflow first.

1. DXY index. Gold n Crypto r directly correlated. DXY has been trending up. Boths assets going south. (USA FED) and their tapering lies.
2. Theres some programmed dumping of gold price. Dunno whos playing the game, China, India, USA, commercial banks. But prices within some range n u get heavy buying back. This is a major story for Conspiracy sleuths.
3. I really doubt the retail players buy n sell ever move the price.
4. Finally, dont be confused by the prices. Set a goal. Everytime it goes down in prices (under valed) buy DCA.... in gold n crypto.

This post has been edited by Unkerpanjang: Sep 25 2021, 10:01 AM

1. Whats yr motivation to buy gold?
2. Never approach a decision making based on intention to sell? (When u havent even bought)...its just like criteria buying a new car. (Vs. just a bike or vs. take bus)
Eco friendly, Safety, Reliability, Prestige, Maintenance, Flashy, Affordability...less of resale value. (Kijang vs Pamp vs Public Gold) & knowing right outlets for selling yr gold.

This post has been edited by Unkerpanjang: Sep 30 2021, 06:15 AM

Hmmm, imo you r a rational investor, noticed u from asnb forum.
Just buy within your means, wanted to understand yr underlying intentions.
1. A Mad Max scenario with Malaysia.
2. Family heirloom, to pass on to next gen. If so, buy equally for each child.
3. Silver/Gold squeeze kaki
4. Just dabble 5% networth
5. Gold stacker hobby

This post has been edited by Unkerpanjang: Sep 30 2021, 08:26 PM

Sharing purposes.
Got this Liberty Head Five Dollar gold coin as a gift decades ago. This is abt quarter oz.
Now eyeing opportunity to purchase 20 more as the owner looking to dispose asset. Wish me luck.

Added to catalogue 120 grams forgotten asset. Nice!

Hope Unker not perceived as kay-poh. Normally safe, but the powers that be will use every crisis to their max benefit.
This Russia crisis cud be it.



This post has been edited by Unkerpanjang: Feb 24 2022, 08:32 PM

I dont think gold price will go much higher. Russia sold off US Treasuries, bought Gold they amassed 2.3K tons, gravitated towards accepting crypto.

These are signs of Russia playing long game in preparation for war. Western world might shut SWIFT, Proof of Work coins n short gold prices.

If gold prices go way, way higher..Russia will benefit, the sanctions only painful to business n layman.

However, different dynamics with Oil.

We think similar, but slightly different reasoning.

Real inflation is like > 10%, my single person bak kut teh just went up from $10 to, $11. In usa, EU inflation is already double digits. For Fed to increase 0.25-0.50% x 7 hikes doesn't even tickle inflation.

So, ordinary layman will suffer.

If gold price goes parabolic, I won't complain, I will trade to buy my dream property for my 2 cats. Need not have my neighbor shooing them, when they stray over.

Wah Unker never go mall for over 9 months.
Today, bought some gold jewellery, instant gratification.
Wasting good currency chasing some metal element in periodic table.

Just imagine how much our RM has devalued.

Hahaha, cannot compare me dinosaur vs new generation n much improved investors.
You r correct, Unker cannot wear lah, > 3kg how to walk.

Unless staying in Murica, gold price is as below, pls make own conclusion.
If we zone out, at 38k feet above sea levels....all assets are up.
Inflation is real, million dollar question....do you keep ringgit or invest in something?






This post has been edited by Unkerpanjang: Sep 22 2022, 07:24 AM

There's a difference btw paper vs physical gold price.

Paper gold are being shorted n manipulated by the likes of JP, etc. Million $ question, how long will it last when BRICs are formulating a commodity backed currency. When you buy physical gold, there's adder over spot price.

Price is relative....question, where is MYR$ n Economy heading...stronger or weaker? I dunno the answer.
However, if your emergency savings/passive income still significantly below your monthly expenses, i suggest skip this forum.







This post has been edited by Unkerpanjang: Oct 2 2022, 06:54 AM

This thread has unceremoniously slipped to page#4. Taking opportunity to wish the Unker's n Aunties who hold true to the yellow metal.
Pretty muted year-end buying for myself, just added 160 grams pamp, 24k jewellery + a entry level Omega Constellation (costs 100 gram pamp) for daughter.
Wishing all a Merry Christmas n Happy New Year. Onwards to Y23 gold stacking.



This post has been edited by Unkerpanjang: Dec 25 2022, 11:59 AM

Looks like I'm the only forumer earning salary in RM.
Rest are paid in USD.

Hmmm, no offence...but i tend to believe Jim n Luke Gromen. Few of those super intelligent ang mohs.

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This post has been edited by Unkerpanjang: Jan 17 2023, 10:34 AM