Not MIA, he is active if you check his profile. Lets not summon him in this thread again or else pointless argument all over again

Anyone buying in at current price? Very good bargain anyway...long time it havent drop this low...

Maybe might increase allocation a bit when it reaches 1100. Last I bought was in dec when it was around 1200 range. Not a hardcore goldbug, just like to add some to the portfolio for the sake of diversification

Edit: Also because our currency is weak, gold isn't as cheap compared to buying end of last year. I remember my purchase price was 126/g & it went as low as 123/g. Now its still at 138/g

This post has been edited by infernoaswen: Mar 7 2015, 11:47 PM

+100

Ringgit is too weak atm imho.

Buying physical gold, Would you buy the Maple leaf or the one with the KLCC logo?

KLCC one more cheaper but as I heard Maple leaf have it's standard price?

What is the pro and cons for both yah? I'm confused.

Summoning Sifus here to help me up.

Planning to buy in Poh Kong. Should I?

1. Yes, canadian maples are one of the most common / recognisable gold bullion in the market with the lowest premium
when compared to the American Eagle. What do you mean by KLCC logo ?


2. Maple leaf doesn't have a standard price. Te price of it depends on the current gold price plus a fixed amount of
premium that would be added to your bill.

3. Cant give you the pros and cons of both as i don't really know what do you mean by the klcc logo.

4. You should avoid getting gold bullions from goldsmith shop as their prices are usually way higher tun compared to
bullion dealers.

This post has been edited by shankar_dass93: Mar 9 2015, 03:42 AM

only consider to long around may/june

U confident can drop deeper? Huhu

But as earlier comment teah current price doesnt make any difference since MYR depreciate a lot against USD

May drop further this week

confident? i dunno. just stick to ur trading plan, dont ever forget the exit door ya

Indeed, i was waiting for it to drop to around 1000-1100 in order to get some gold but gosh, the drop in gold prices is being offset by our ringgits depreciation!

So i guess its not worth to buy gold now using our ringgit right ?

Stay clear, gold selloff could get uglier

"Gold has fallen from grace and its ascent to $1,306 in January now looks to be a false dawn and a distant memory," Howie Lee, investment analyst at Philip Futures wrote in a note on Monday.

"It is now in negative year-to-date territory and the downtrend looks unlikely to stop here. With the Fed moving closer to a rate hike after last Friday's labor report, no amount of buying-on-dips will likely be sufficient to rescue gold from its slide south," Lee said, adding that his 2015 target of $1,100 is now firmly in sight.

With a stronger U.S. dollar and little sign of inflationary pressure on the horizon, Ric Spooner, chief market analyst at CMC Markets, says it's the "worst case of all worlds for gold."

"The rally that took place [earlier this year] has failed. Critical support near $1,180 has been broken. This was long-term support starting June 2013 and tested numerous times so strong break below is very bearish," said Daryl Guppy, CEO at Guppytraders.com

His downside target for gold is $980 – 16 percent lower than current levels.

Once it break below 1k usd its gonna get my head turn

This post has been edited by max_cavalera: Mar 9 2015, 08:57 PM

Huh... Really still can go lower??!

Might hv some show on Wednesday nite

Define 'worth' Thats the nice part about gold I guess, its value doesn't drop together with our currency. Imagine those who hold gold in russia, when their currency drop like crazy those people who hold gold I guess will come out richer

thats the whole point of having gold i suppose

to preserve the value. it will be valuable for as long as ppl still trade to live.

but like all other things in life, its the entry n exit strategy that makes all the different

now really think twice to buy cos cannot enjoy the price drop
but still good buy if got extra money dunno what to do with it