I'm not a gold trading expert nor TA person. Personally, I feel gold is a hedge against inflation. Just allocate 3-5%, accordingly once you have develop strong bedrock investments in kwsp, asnb, medical insurance, etc.

Once your passive income >100% salary, then change the allocation btw Stocks, Properties, Precious Metals, Art, Donations, etc.

Start with buying some physical gold, then paper gold n finally speculate with Goldetf, Vaneck, Sprott, Metalla ETFs. Just hold on to your Gold, don't sell,.... unless last resort.

Again just sharing, putting the money where my mouth is....my Y2020 vs Y2019 hobby collection. It was a choice btw Gold vs a GLC300.....all these from passive income/dividends.

It all depends on your own financial situation.
As you said, uncertainty... Global or Local or Both?
I from the old school... Maybe, not ngam your approach.

Ensure you have sufficient 6-12 months emergency fund.
Max KWSP, ASM, ASB, etc.
Allocate x% on stocks, reits, property.

Paydown your debts.

Got excess then you play lah... Gold, Art, Wine, Rolex, crypto, etc.

Cannot watch gold price hourly/daily... U go crazy.
It's just a hedge against inflation.
If no spare cash, don't trade... Lose money on the spread.

As hilited in the news portal, we are going thru 2nd darkest time in MAL history.

Our MYR$ will just drop n savers become losers.

Go buy some Gold or SGD$ for wealth preservation.

Confusion wins when the righteous do nothing.
As such, I stand on the side of Cubalagi.

But my advice to Krv is to avoid SPR (GLD), the counterpart risk is HXXc Bank (with umbrella logo) . This bank has long history of trouble & continue to be in trouble due to HKG. This bank might just go insolvent.

There are many gold etf, major ones GDX, Sprott. Enjoy the weekend.

Good call.....another issue, GLD is a derivative, not backed by physical gold. Possible to short GLD (rehypothecation).

So, the price fluctuation is higher. Counter intuitive as if a person wants higher risk/returns, shud continue invest in stocks.

Investment in gold shud act as safe haven, when compared against riskier investments.

Buy some physical as insurance, then speculate what a person can afford and/or willing to lose all n yet sleep soundly at night.

Morning CLC,
How's the liquidity of this fund?

Wud appreciate some sharing as I think it's another good hedge against our RM weakness due to political / crude oil price /palm oil drop.

Will invest big time if suddenly all financial asset drop happens as like 28 Feb.

Many possible scenarios, but I subscribe to the angmoh sifus thinking that gold n other safe haven investments will drop for a while, before the next phase of superinflation pushing it beyond the new highs.

Thanks again.

CLC, Does this etf allow shorting?

Thanks again.

It's so interesting, as mentioned in my earlier mail. The significant dichotomy between gold price vs gold stock price.
Gold stocks is losing 5-6% this morning, a repeat of 28/2.

Will be interesting to look at our goldetf tomorrow.

This post has been edited by Unkerpanjang: Mar 9 2020, 09:52 PM

Cool! Many thanks... Watching the price. Safe vehicle.

Good sharing, Prophetjul.
Well placed comments....am waiting for the pullback first before entering.

Most gold stocks just hit 6 months low, approx 10% away from 1 year low.

Still at sidelines, It'll be quite deflationary on overall stocks until after the QE starts again by nationalising some critical Sectors / Chinese Intl travel resumes.

For now, Cash is still King, while patiently waiting for OCBC, Wilmar, Ascott Reit, Ireit, Sats.... Great Singapore Buffet.

This post has been edited by Unkerpanjang: Mar 12 2020, 06:09 AM

Got withdrawal syndrome after last week gold pullback...
Today bought swiss pamp 100 gram with CC, @ $23700.

Anticipating 4.5-5.0% ASM1 dividend due in Apr 1. Can buy few pcs. Need some instant gratification/hard asset.....as, RM is trash.

Good buy considering 0% CC charge n lower than other gold shops selling price, likely $260-247 per gram.

Still waiting to buy some good Sg stocks, more new choices now.... Ocbc, Wilmar, Aims Reit, Fraser C/I reit, Sats.

This post has been edited by Unkerpanjang: Mar 14 2020, 05:11 PM

Hello, Sunday.. I'm talking to myself in the mirror.

Just don't jump into gold Trade fast n furious. I think its gonna be a period of deflationary prices. How long? For now, dunno, need more data points.

Also, a dichotomy between physical vs paper gold, similarly for Silver, esp., those leveraged etfs,... unless i an experienced option trader.

Can buy some physical gold/silver as hobby.

All the helicopter currency pumping/short term low oil price, will not entice people to travel, socialise, hotel stay, casino, etc. Financial counters cud face some sector NPL. Stocks EPS will suffer at least during this period. Don't FOMO.

Those Uncles with more than few millions in Kwsp, Asnb, FD, SSB, are just sleeping soundly n coolly just sitting on their hands, waiting for trend reversals.

Be it weeks, months or quarters. It will eventually come...

This post has been edited by Unkerpanjang: Mar 16 2020, 04:38 PM

If n when u free....

Just go YouTube n watch Mike Maloney, Hidden Secret of Money... Chap #1-7. Very informative n entertaining!

All your questions will be answered, n despite the time of recording, it's still relevant till today.

For the like-minded, save ourselves, bro.
Some beyond saving while others don't wish to be saved.

We have gold trading Co in KL, jhr n Singapore... They sell in multiple currency. Why buy from overseas? Its quoted as % over spot price. Investigate, compare before act.

See post# 3225.

Must understand your own motivation.
Personally, need to hold physical gold to be a hobby. Just like having a real girl fren, rather than watch video. 😜

Mine is collecting solid gold Thai amulet. I was paying $180-200/gram even early 2019...but its hobby mah n hope numesmatic value. Still got couple more by LP Koon, already encased, n not in post.

Paper gold/silver can be subjected to IDSS... But different topic/thread.

For a starting collector, buy items closest to spot price. Google n u see some shops in KL, jb n sg.... Silver bullion, bullionstar, etc. If u cannot travel during this time n yet don't trust mail delivery, then pay higher by buying from your local goldsmith. Doesn't have to be coins, bars... I also love gold jewellery....just negotiate down workmanship fees.

I like gold videos by Mike Maloney. Now MY lock down mah, good way to pass time n learn something.

I see u working in Sg... Simple, take mrt to the gold trader display shop. You sure get hooked.

This post has been edited by Unkerpanjang: Mar 23 2020, 06:27 AM

Sitting on, > $5mil cash.
Worst case scenario, recession... kwsp, Sgp bonds n asnb fp dividend go down drain. Passive income greatly reduced.

All Properties paid up, but is a liquidity swamp due bad times.

Sgp n My stocks, $0.5mil @ 30 down. Can go down further. Likely, discontinue dividend.

Still employed, but can go bad with massive pay cut or let go.

Ringgit can get massively devalued with debts n low commodity prices.

The best diversification and hedge...just sharing, as photo paints a 1000 words.



This post has been edited by Unkerpanjang: Mar 25 2020, 08:28 AM