think a bit, u know one...

rm is at 6 yr low today. 3.65x per usd.
worst performing asian currency in the last 1 week, 1 month, 1 year - undisputed champion... but seriously, what does it take to be a champion like that and what happened?!

just write down on a piece of paper what are the 5 prime things that make a currency strong or weak and see how many will point to a stronger or weaker rm in the next 3, 6, 12 months - that's yr answer.

This post has been edited by AVFAN: Mar 6 2015, 08:35 PM

must be very painful for gold bugs...

price in usd falling.

rm intervened at 3.80, no "extra" rm.

double jeopardy.

this thread is too quiet!!

if not mistaken, all time high gold price was $2089/troy oz in 2020.

now, it is $2027. or about RM288 per gram.

with all that's happening with US fed, inflation, de$, BRICS new currency, RM forever decline... cant see how gold price will go down...

well done to all gold bugs stashing away that glitters!

gold ring, gold chain, gold bullions, gold etf, paper gold, digital gold...

the best has yet to come, my take.

gold bugs enjoying ride, congrats!

well, that's true - for everything, isn't it?

your stocks, deposits, even cash in the bank or EPF aren't yours until u withdraw and spend it!



anyway, nicely done for the taikors who have been accumulating physical, paper or ETF gold.

and some hv very correctly said so - gold isn't a fast trading commodity; it is to keep for years, if not decades.

the way the jittery global dynamics are going, better things should be coming for the metal.

since u like this song, can estimate yr age... shud be same as mine.


tonight, US inflation figures shud give new gold price direction, let's see...

Yep.. SG's MAS was biggest buyer, bought 69 tons last QTR.

china, turkey, india... these BRICS/SCO kakis must be up to something.

https://www.gold.org/goldhub/research/gold-...3/Central-banks

becos we are big big fan of subsidies, free money, hutang... no time for gold.

headline is still correct - UPTREND!

comparatively, it is pathetic.

then again, our policy has always been dun save, spend, free money, (+ culi culi), hutang, lagi hutang...

so, no surprise.

all gold bugs can smile now. nice!

i think so.

the best has yet to come.

RM keeps breaking new lows everyday.

gold bugs patiently waiting for rate cuts.

when that happens, the effect will be tremendous.

even now, 1gm is rm313, nice!

great weekend for gold bugs!

reading around... the gold bull is said to have just started its run.

usa lowered inflation, weak mfg... fed expected to cut interest rates in june or earlier.

+ germany, UK, Japan in recession or near recession.

+ central banks still accumulating gold, keep in own country after russian gold frozen outside russia.

+ BRICS might launch a couple of gold backed non-$ vehicles this year... $ might fall even faster.

remaining question is how well will the RM cope.

will be a fun year, 2024!

if u have not dabbled in gold before, i give u my 3 sens....

.. gold is not for short term, impatient, fickled people... u need to hold 5, 10, 15, 20 years.

.. if a few K, buy gold jewelry.. wear it or give away as present.

.. if tens of k, buy gold coins, small bar... can hold every night, feel good... or paper gold, etfs... but u wont get to touch them.

.. if hundreds of k, consider ingots, etfs, safe deposit box or find a place in yr house to bury them secretly.


gotta understand these data:
https://tradingeconomics.com/commodity/gold
https://goldprice.org/gold-price-malaysia.html

last closing, gold price is $2083 per troy oz or rm317.74 per gram at 4.744 ex rate.

1 troy oz = 31.1grams... numbers will work out... 2083/31.1x4.744=317.74.

of course, there is a spread in buying n selling prices of anything... can be 2-4%.

rm290 per gram? are u sure it is 24k or 999 gold?

This post has been edited by AVFAN: Mar 3 2024, 01:54 PM

did it? i didn't see it.

RM improved a bit today.

now, its showing RM317.06 per gram - that's already a new record high, i think.

ah.. kijang coins...

means not yet 10k la!

the coins fetch a premium... will hit rm11,000 anytime.

not sure, shud be higher.

i just looked at this:
https://goldprice.org/gold-price-malaysia.html

i like this... 1g = RM318.