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 Gold Investment Corner V8, All About Gold

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goldsilverong
post Sep 27 2016, 09:37 AM

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Well I personally think we need to know about the history of Gold or silver before we make any investment in gold or silver. Both the precious metal already 'act' as money since thousand years ago. If we buy gold and silver for profit return, then it really depend whether they appreciate (u earn money) or depreciate (u lose money) against the US dollar. It is simple!! Their value still there and won't go down to zero while our so called Cash can go to zero.
goldsilverong
post Oct 1 2016, 01:08 PM

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QUOTE(prophetjul @ Sep 30 2016, 05:25 PM)
How long did cowry last as currency?

How long did gold last as currency?
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Gold like equity have their Up's and Down's. Gold get smashed since the past 5 years and keep manipulated, very soon the market will correct the situation...Gold may be no more affordable like now! bruce.gif
goldsilverong
post Oct 4 2016, 10:26 PM

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QUOTE(jaguhtongkat @ Oct 4 2016, 05:42 PM)
Better sell it soon...anyway how many kg u have??? Sold mine quite a while ago...
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Why sell all the gold? Their cycle may coming back very soon huhu... bruce.gif
goldsilverong
post Oct 5 2016, 10:23 PM

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QUOTE(jaguhtongkat @ Oct 5 2016, 12:56 AM)
Looks like ure wrong whistling.gif
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Be steady man, 1 day drop won't make any differences if u know the fundamental of Gold and silver.
goldsilverong
post Oct 8 2016, 11:01 PM

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Wana ask you guys, usually where were you buy gold? Physical or electronic gold? haha bruce.gif
goldsilverong
post Oct 9 2016, 10:26 PM

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QUOTE(randm @ Oct 9 2016, 08:32 PM)
economy hot only will increase interest rate, looks like the traders want to create fake sentiment to profit
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I agree with you, the artificial booming economy created by QE won't last long
goldsilverong
post Oct 10 2016, 03:36 PM

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Let them raise the interest rate, those who keep the gold will be eventual winner bruce.gif
goldsilverong
post Oct 10 2016, 10:06 PM

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QUOTE(hey_there @ Oct 10 2016, 09:18 PM)
Any advice on where should I buy physical gold for investment?
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Depend on what type of physical gold u want?
goldsilverong
post Oct 10 2016, 10:14 PM

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QUOTE(shankar_dass93 @ Oct 10 2016, 04:15 PM)
You are aware that gold prices would fall further when the Fed raises rates right ?
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If USD strengthen, suppose gold drop right? For the past year, USD strengthen, gold also rally...the common sense no more right now.
goldsilverong
post Oct 11 2016, 12:42 PM

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QUOTE(icemanfx @ Oct 11 2016, 12:38 PM)
$250 to $980 is 4 times. $3000 is 3 times from current price is unreasonable?
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Funny but the ratio is possible bruce.gif
goldsilverong
post Oct 11 2016, 12:49 PM

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QUOTE(hey_there @ Oct 10 2016, 11:34 PM)
Gold bar?
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U search google, so many website is selling gold bar, even poh kong also selling. 1stopgold also selling gold. http://www.1stopgold.com.my/

I bought my silver n gold there b4. Gold premium is cheaper than the rest. Maybe there are cheaper one out there.
goldsilverong
post Oct 12 2016, 11:53 AM

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Copy and (translate from mandarin) from other group: (Just for sharing) bruce.gif

"99% of people do not understand the investment project - silver"
"How to come in the next financial turmoil to be a big" silver "home"
After the Olympic Games, China's athletes for the country to win the most since the silver medal. Although we have to comfort each other that has been very good, but my heart still yearning for gold. From this you can see that everyone (especially Asians) on the value of gold is far more than the mentality of silver.
Not only in the Olympic Games, even in daily life, the status of gold is far more than silver. Five-star hotel decorations are mainly gold-plated, brand-name bags of metal parts are gold-plated, and many jewelry are made of gold (in addition to seemingly silver platinum). Poor silver is because of various cultural factors have been ignored.
Since ancient times, the world's major civilizations of the initial economic activities are mainly by gold and silver as a trading currency. This is because gold and silver are rare metals, and they are refined to the most pure will shine, and not so easy to oxidation. Geographers have confirmed that the Earth's gold and silver ratio is about 1:10, that is to say, digging 1 gram of gold from the ground will have 10 grams of silver. To this ratio, the value of gold should be 10 times the silver. However, you look at today's price of gold turned out to be 70 times the silver! And these two precious metals in the modern economy has not seemed so meaningful. Many investors are ironic to invest in gold or silver is an idiot decision.
Many people will say that now is the electronic financial era, we do not need to rely on gold and silver as a trading currency. Gold and silver in modern life only as jewelry and used in electronic chips as conductive wire. In fact, because now the central bank does not have to deposit money into the gold and silver as a guarantee, it will lead to the current super bubble. The government is not enough money, called the central bank on the keyboard by a few numbers plus a number of zero, and then these "money" to buy government bonds to "legalize" and then into the market.
Is that this model for human history created nearly 50 years of high-speed economic development. However, this basic economic principles of monetary policy can not be used forever. This is like a drug addiction, the more smoking the more High, the more you want to smoke more, the last must die very painful. As long as you use your logic to observe the current situation, you begin to find that the economic model of excessive borrowing is close to destruction. When this "illegal printing money" economic model destroyed, the new financial system will be born, and will go back to the basic principles of thousands of years unchanged - gold and silver.
At that time, the value of gold will be re-value and skyrocket, and silver will follow the rise, and the growth rate will be very alarming. This is because gold and silver price ratio will be 1:70 to 1:10, I hope you can understand this.
goldsilverong
post Oct 13 2016, 10:10 PM

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QUOTE(zestsc1028 @ Oct 13 2016, 07:50 AM)
Yes. The fact that gold and silver are rare, stable and divisible into equal units makes it the best physical commodity to be used as currency in the ancient society. But if you look around, you can notice that we are entering digital era. Debit and credit cards are replacing cash, and we will eventually enter an era of virtual world. Even now, cash is not the sole medium to purchase and I can just buy anything using my cards.

If you are saying the fiat money model will collapse eventually, perhaps (I did not research it thorough enough yet). But how can you be so sure that the currency will be replaced by gold and silver in the future digital world? We do not necessary need to have physical commodity to exchange stuff anymore.

I read around that "a good investment is to buy assets that generate income". Something like a property that let you earn money when you rent out. And Gold is didnt generate income, unless you buy low and sell high. It is not that its not worth investing, but I rather not put all my energy to keep monitor and speculate when the gold price will rise in price for selling. I prefer something that long term, cost me less energy and can generate passive income.

That are just my point of view on gold. And one should be critical when reading statements by Mike Maloney, founder for goldsilver.com. Obviously he has vested interest in persuading people to buy gold as he run the business to sell gold.
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Yes, gold don't produce dividend. It should not be consider as asset. but each class of real estate, commodity(gold n silver), paper asset have their own wealth cycle. I believe next rising class should be commodity as real estate n paper asset all in bubbles now bruce.gif
goldsilverong
post Oct 17 2016, 01:38 PM

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QUOTE(icemanfx @ Oct 17 2016, 10:35 AM)
What happens to those promoting buy physical gold, collateralize and buy more.
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https://www.buysilvermalaysia.com/gold-silver-price-today/
goldsilverong
post Nov 1 2016, 07:40 AM

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QUOTE(zacknistelrooy @ Oct 27 2016, 02:17 PM)
Right now the probability of rate hike in November is 8.3% and 72.0% in December.

As for 2017 it will be though to gauge since in 2015 some FOMC members were pushing for 4 rate hikes in 2016 but in the end it looks like there will only be one rate hike.
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Very interesting year for 2017 huhu bruce.gif
goldsilverong
post Nov 2 2016, 10:38 PM

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Gold is rallying...
goldsilverong
post Nov 9 2016, 11:35 AM

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Hello guys, Mr Trump is leading comfortably~~ bruce.gif

 

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