GOLD

[watzisname]

I bought some at rm137.17

[TheGr8One]

Earlier on I saw 7thfort mentioned that the price is RM32 per gram back in year 1981.
I have checked the gold price history chart and it's more or less correct, depending on USD exchange rate then.
Fast forward 32 years to 2013, the price is now RM137.17.
This represents a 4.65% ROI per annum, which is not too far off from our inflation estimate.
Thus, based on this alone, it seems to indicate that gold price increase is in proportion to inflation.
To make $$$, your ROI will need to be higher than that, somewhere in the range of 6 - 8% for a safe investment.

Sifus please critic my logic for flaws, I am trying to convince myself to buy gold too

[davidtth]

how about silver ?

[rnsm1979]

try follow the update here guys, it has daily analysis on the market daily

http://www.dailyforex.com/forex-technical-analysis/2013/04/Gold-Price-Analysis-April-16-2013/19994

[watzisname]

Earlier on I saw 7thfort mentioned that the price is RM32 per gram back in year 1981.
I have checked the gold price history chart and it's more or less correct, depending on USD exchange rate then.
Fast forward 32 years to 2013, the price is now RM137.17.
This represents a 4.65% ROI per annum, which is not too far off from our inflation estimate.
Thus, based on this alone, it seems to indicate that gold price increase is in proportion to inflation.
To make $$$, your ROI will need to be higher than that, somewhere in the range of 6 - 8% for a safe investment.

Sifus please critic my logic for flaws, I am trying to convince myself to buy gold too

Gold is one of the oldest instrument to hedge against inflation. Last time our money was backed by gold bullion; nowadays more and more money is being printed backed by nothing except empty promises and hot air. I would think of buying gold as a way to keep the value of my savings; so instead of gold getting more and more expensive it's our money that is getting cheaper. Of course I would prefer stocks as an investment but I do put some money in gold as a means of diversification. I first bought in 2008 back when it was RM80+ per g.

The reason why gold returns will be better than inflation because everyone will think that gold is the way to go to hedge against money printing; thus driving the price higher. FYI I didn't buy into the gold is going to > USD2k crap because I believe everything thing that goes up will eventually go up. So this current dip in price is a buying opportunity for me (not trying to convince you). Long term, it will still go up because our governments will not stop printing.

Silver imo is not that worth it. For my investments I like to go for the leader; in this case it's gold

[7thfort]

Gold is up to USD1400 per ounce. Good time to buy some. I did.

[watzisname]

lol just went to mid valley yesterday and poh kong was swamped with ppl, looks more like a pasar malam

[7thfort]

lol just went to mid valley yesterday and poh kong was swamped with ppl, looks more like a pasar malam

I read the gold rush also as happen in Singapore, Hong Kong, India, etc.

Traditionally some of us would buy gold as wedding/birthday gifts, etc. and so this is a good opportunity to get it cheap before it shoot up to RM180/gm.

[dpkong]

Saw the same pasar malam type activities at many goldsmiths once the price for 999 dropped from RM205 to RM165. Really funny seeing that bullion was traded at RM137 +/- and gold deposit accounts selling around the RM13x to RM14x mark.

Whoever caused the drop in gold spot price has created the consumer buying frenzy they intended. I sure hope no one dumps another 400 tons on the market anytime soon.. or maybe I do??

[dpkong]

Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?

[watzisname]

Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?

Think it's the lighting, ya says there 999.9 fine gold

[dpkong]

Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?

Think it's the lighting, ya says there 999.9 fine gold

Is there a difference between 999.9 and what's commonly called 999 ?

[watzisname]

Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?

Think it's the lighting, ya says there 999.9 fine gold

Is there a difference between 999.9 and what's commonly called 999 ?

I honestly don't know. But the perks of buying from a bank is they will buy it back anytime at market value less 3%

[TheGr8One]

Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?

Think it's the lighting, ya says there 999.9 fine gold

Is there a difference between 999.9 and what's commonly called 999 ?

I honestly don't know. But the perks of buying from a bank is they will buy it back anytime at market value less 3%

If buying from the bank, do they provide complimentary storage as well?
Generally how do gold purchasers deal with storage?

[dpkong]

Bury it in your backyard...

 

[watzisname]

Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?

Think it's the lighting, ya says there 999.9 fine gold

Is there a difference between 999.9 and what's commonly called 999 ?

I honestly don't know. But the perks of buying from a bank is they will buy it back anytime at market value less 3%

If buying from the bank, do they provide complimentary storage as well?
Generally how do gold purchasers deal with storage?

Keep in safe box at the bank

[Jakes]

Gold price for the last couple of days hovering around the RM137-RM138 mark. This is the lowest since mid April when it went down to RM134.

[hiro]

Its a little cold off topics, but I read in the news the genneva case the courts found all tbe defendants not guilty and all the transaction are valid. Perhaps bank negara will unfreeze their company account? Or maybe all the investors can get back their money/gold or continue enjoying their divident/bonus should they want to keep their gold with the company? Anybody got any updates? Maybe all the investor will stock up more gold with genneva since the price is down now?

[watzisname]

Its a little cold off topics, but I read in the news the genneva case the courts found all tbe defendants not guilty and all the transaction are valid. Perhaps bank negara will unfreeze their company account? Or maybe all the investors can get back their money/gold or continue enjoying their divident/bonus should they want to keep their gold with the company? Anybody got any updates? Maybe all the investor will stock up more gold with genneva since the price is down now?

Genneva's business model is unsustainable . It requires constant influx of new members to keep paying the interests to existing members (which coincidentally similar to a
Ponzi scheme )

But unfortunately this acquittal should placate Geneva fans and would fan interests in would be investors . The danger is what If there is a mass request for withdrawals . I doubt there is enough money or bullion

[ckmcsk]

with gold and silver price going down now and there are also speculation that the price will dive further, what else can we invest?

Unit trust : take too long to materialise
stock       : test your patience
gold        : collapsing price
property  : too much choices

what else?

[chrisyen]

Rolek

[ckmcsk]

Rolek

made in china

[watzisname]

with gold and silver price going down now and there are also speculation that the price will dive further, what else can we invest?

Unit trust : take too long to materialise
stock       : test your patience
gold        : collapsing price
property  : too much choices

what else?

What investments are you in at the moment?

[7thfort]

Today gold is as USD1250/ounce. Real bargain price.

[hitokai1989]

Precious metal = depleting and in basic economic, anything in demand and deplete in supply will increase it total value over time