In relation to gold yes.. 2009-2012

This post has been edited by Cubalagi: Mar 24 2020, 12:34 AM

Gold dropped in 2012 bcoz Fed signalled that they were ending QE and going to normalization of their balance sheet and interest rates. They did try but from 2019, they gave up. Now we know QE is back bigger than ever.

Wouldnt suprise me if gold to hit USD3k in the next few years. USD:MYR rate then is..

This post has been edited by Cubalagi: Mar 25 2020, 11:51 AM

What circumstances are these?

N how does one qualify to be a gold bug?

Stronger no, steadier yes.

Steadier because MAS will intervene in SGD based a valuation of a basket of currencies. This basket is secret but should consist of the currency of SG major trading partners USD, RMB, MYR etc.

First 10 years, take a look at Chinese Yuan.

I mean USD vs Yuan

Then compare USD vs SGD

From 2002-2012.

At current levels, Im not converting MYR to USD anymore.

In fact doing the opposite, but a little only. Started to change some loose USD notes in my posession to MYR.

Or 4.5 to 1 in nearer term.

Actually will depend on your relationship with the bank. If u have one of those private bank accounts you can get spot rates or very close to spot.

Simple..they lend out at higher rates.

Talking abt the common man

Based on my experience, when the common man starts to FOMO, usually peak is close at hand. 🤔

Im also in the no hike in december camp.

N fed watch futures is currently showing 85% chance of no hike in Dec.

This post has been edited by Cubalagi: Nov 2 2023, 09:46 PM