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Chat Is it worth to invest e-gold 1g at rm370?
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prophetjul
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 Apr 16 2024, 02:44 PM
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QUOTE(knwong @ Apr 16 2024, 02:42 PM) Remember this. the more expensive the gold become in the future, the less demand it will become. Same goes to property... We all aim for everything to BBB UUU but the demand may not be there in the future Someone told me this 21 years ago when gold was RM1050 per oz.  BUT i invested anyway. AND gold is not property that you can create. This post has been edited by prophetjul: Apr 16 2024, 02:44 PM |
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prophetjul
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Apr 16 2024, 02:51 PM
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QUOTE(hteekay @ Apr 16 2024, 02:47 PM) Actual gold? yes, it's a property that you can't create. E-Gold? that's a whole different story kek.. Indeed. Why has gold gone up these past year? Look at China buying to increase their gold reserves. Their gold reserves compared with other assets is still very small. |
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prophetjul
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Apr 16 2024, 02:51 PM
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QUOTE(pobox @ Apr 16 2024, 02:49 PM) Yes. Your Grandsons will thank you Nope. I will use it myself. |
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prophetjul
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Apr 16 2024, 02:52 PM
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QUOTE(DM3 @ Apr 16 2024, 02:51 PM) Gt mbb egold since 2014, naik almost 3x + Mine has increased 11,660/1050 = 11.1 times  |
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prophetjul
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Apr 16 2024, 02:57 PM
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QUOTE(CoffeeDude @ Apr 16 2024, 02:56 PM) Are they available at the counter? |
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prophetjul
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Apr 16 2024, 03:04 PM
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QUOTE(CoffeeDude @ Apr 16 2024, 03:01 PM) Oh yah forgot. Sometimes no stock. Better call the bank to check before going. There you go. Anyway, Menara MB is like 2000km too far for me. I have too much anyway. Not time for me to buy, but to sell in the near future. |
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prophetjul
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Apr 16 2024, 03:09 PM
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QUOTE(CoffeeDude @ Apr 16 2024, 03:07 PM) Ah... so you bought so many until Menara MB also no stock  When i started in 2002, there was lots of coins. No problem. Even 10oz Kangaroos were available at UOB. Cost about RM11,000 the. Now they are worth RM115,000 each.  Nowadays, not so. I have not bought for many years now. |
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prophetjul
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Apr 16 2024, 03:11 PM
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QUOTE(Freshmeat21 @ Apr 16 2024, 03:10 PM) Is relative, gold become expensive because cash become toilet paper, you can print money but you can't create gold. Same goes to land.You want to keep toilet paper or you want to keep physical gold and land? VERY TRUE.  |
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