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GOLDETF (0828EA), Buy Gold like u buy shares
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moosset
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 Jul 20 2019, 12:42 PM
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QUOTE(Jordy @ Jul 20 2019, 11:04 AM) Wow, 10% of total portfolio? That is a bit too much, isn't it?  Then I would have many sleepless nights afterwards. Haha. I think 5% to 10% is the recommended amount, although I only have less than 1% gold due to StashAway. QUOTE(Cubalagi @ Jul 20 2019, 12:00 PM) But what's more cool is that if u own 500000 units, then u can actually exchange your units to get a physical 5kg gold bar 9999. how's much is the transaction cost to exchange it to physical gold? and what type of gold? Swiss? Kijang Emas? |
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moosset
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Jul 20 2019, 01:45 PM
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QUOTE(Jordy @ Jul 20 2019, 12:54 PM) I still cannot take that kind of risk to have such a high exposure to gold. Maybe small amount like RM10k, probably is still ok, but to put 10% of my portfolio in gold holdings, not a good idea at this current condition. That would mean sacrificing my stable dividends in exchange for something uncertain. so that means you don't think a financial crisis or a recession is coming? Most ppl say it's coming ....because it has been almost 10 years.  on the other hand, gold has already appreciated a lot this year.... not sure if I'd acquire more. |
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moosset
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Jul 20 2019, 11:48 PM
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QUOTE(Jordy @ Jul 20 2019, 06:27 PM) Well, I would not speculate if a crisis or recession is coming or not as I am not an economist. So my views of the economical health are not important. But what I am saying is that my defensive portfolio is able to withstand a recession/crisis in the US. Well IF a recession/crisis was to happen, I could still buy gold then and ride with it. But right now with no clearer sign of it, I would not risk my cash earning nothing. eh, care to explain your defensive portfolio? can withstand a recession / crisis even without gold?  If you buy it then, wouldn't it be too late? I think buying during recession/crisis may be too late. The price would have gone up by then, no? I think we should buy before others join the bandwagon. (should buy if you're expecting a crisis, if not, then no need) |
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