Check this out :- https://mybulliontrade.com/

They are in PJ, sell various sizes gold bar too.

Any fortune tellers here can provide the price for 2023 ? Looks like up n down to me.

Bro. I don't understand. Means per ounce or per kilo you're trying to say. How much is that per gram in ringgit. Thanks.

Okay okay right thanks.

Many thanks. Gold is best in times of war & tensions.

Since u said USD increased, GLD is priced in USD and it is slightly positive.(0.78%) for the year. Meaning gold has increased as much as USD.

Not a bad performance considering 2022 is also the year of aggressive nterest rates hikes, which is a negative for gold.

For 2023, if interest rate peaks (or declines) but geopolitical conflict remains or escalates, then I would expect an ever better year for gold.

2nd Jan gold was Rm7,802. Today gold is Rm8,166.
I would say that's an increase of 4.66%.

4+% interest Rate rise is recent. WE don't know what gold will do in 2023. Do you?
The 4.67% is from Jan to Dec 2022. DONE.

Can anyone help to explain to me why Gold is pushing the envelope against many of the major currencies in the world even the AUD (Which is commodity backed) but it is not really rocking against the MYR? Is there a defacto peg or something? Or is it to do with the fact that malaysia is an oil exporter and there may be some link there? Thank you.

There ia no such peg. Its just MYR has performed better in 2022 than the likes of JPY, GBP, EUR vs the USD.  N u r correct, we being a commodity exporter has something to do with it.

Personal outlook is that gold should perform well when the Fed pauses, which is expected to be around the 2Q 2023.

Buying gold for diversification = good,
buying gold in hope to outperform all other assets = not good

You cant win it all, but you can diversify enough to sleep better.

Without rising bank interest rate, RM will devalue further.

Hahaha, most frightening wud be a hockey stick pattern....(once they start launching the hypersonic missiles) 

As us Seniors have repeated till ad nauseum,....where possible, accumulate some physical gold.

thanks for your advice sir, yeah it's just 10% but can save up to RM3k, which maybe can tambah to the chain so that it'll look prettier

Gold is predicted to go up in Y2023!

Any guestimates on how low gold will go for Y2023?

Good to know!

GLD is an excellent alternative with no overnight fees, etc. Will consider going in if GLD touches 150 based on a weekly chart.

As proven last year, gold as a hedge against inflation was less than stellar last year but I suppose it did an okay job as a store of value. For 2022 cash (i.e. the USD) was indeed king but not sure if we will see something similar for 2023 going forward. Might be worthwhile taking some positions in gold/GLD for the medium term.

Agreed GLD at 150 is rather ambitious and greedy. Will definitely take a black swan event to get there. Shall consider GLD at 166.

Indeed will be tough for GLD to break 190. Has only happened two weeks in the past decade or so.

Bro, many thanks for reviving this thread, much respects.

Mari, Mari, Unker mau dengar....whats is Sifu n Senior opinions, on current situation.

Are we facing Inflation or Currency Debasement?

Worldwide oil price drop, char koay teow price maintain, loss of jobs,  vs.  precious metal up, stocks up, crypto up, Fed still expect to raise rates?

Lets see if can break last year's USD March high.

Yes.
Last March high was $1,998.18

Just a few $ more.

But in MYR, it is at historical high
Expect gold ti be approx MYR9,000 on Monday.

It breached 2k last year. Intraday high on 8 March 2022 was USD2070

Back in 2020, 8 August, intraday high was USD2075, which is still.the historical record high.

But yeah in MYR, Gold already at historical high.

Breached USD2k..Tahniah.

Now see if can breach n stay above USD2050!