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Buy Gold,..no stock.. Post Reply Rate topic
ChinChye Member	13-Aug-2007 17:32        ChinChye About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Cheongwee, Hmmm... i agree with snoothie. Might have liquidity problem when one wants to sell off.. just like STI index.. we all know it will go up in the future.. something like gold.. but few pple is interested because of the price and liquidity... Now SGX is going to introduce SUB STI index soon for individual sector, hmm.. wonder if pple will still buy.. I am afraid in the future when u hold a few gold ETF lots, u will have to sell 100 shares each time and incur more brokerage fee.. and reduce ur gains... Just my chinchye opinion.. =) Cheers, Anything. =)
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cheongwee Elite	10-Aug-2007 23:34        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	snnothie...just like good stock initially no body bother...then the stock groew solid...that is  when everybody start to get apiece of the action,,,then there will be a long queue for your gold ETF..the rush will begin soon when the market get worse,,,this is good for gold.
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cheongwee Elite	10-Aug-2007 23:30        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	snnothie...look at gold px...was beaten down together with stock to 660...now back up to 675...i think with all this stock market crises might see a gold px of all time high of 880...by dec... Everyone will rush to gold for safty for sure...to profit buy early...very obvious.buy confidentally a little.
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snoothie Member	10-Aug-2007 23:19        snoothie About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are quite a few options but mostly expensive...as mentioned by Chinchye...the ETF looks a viable option but it got management fee and low liquidity...maybe hard to sell it when we finally want to cash out... Any one has other recommendations? I think got to buy Kim Tiao from the goldsmith liao...
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cheongwee Elite	10-Aug-2007 23:03        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	The US$ if not for it world reserve currency...long time already toasted...oil is in the $...alot of comodity is in $...thus ppl need to buy US$ so they can buy oil...but of late some middle east countries have decided not to except the US$ for their oil..who want a dollar alway depreciate..u got the oil for free.. According to expert ...the $ is still some 30% overvalue..but since the FED do not report M3 ppl do not really know how to value the $...except guess work...that is good for gold...we shall see... U got nothing to lose...and lot to gain..buy some .
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choohian Senior	10-Aug-2007 22:53        choohian About Contact  Quote this Post!
x 0   x 0  Alert Admin	chinchye, buy low and keep forever.
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cheongwee Elite	10-Aug-2007 22:52        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	u can buy stock but for trading..not investing,if u go long i am afraid this time u may have  to go supa long...the next bull will come some several year fr nw..for u to break even.. If u think it is ok alreadi than u are wrong more than right...this housing bubble have been long in the built up...it wont go away so fast....the real show will come in Oct...when they reset the rate...that is when we will know who and who are in deep trouble...believe it is too hugh...whole world are involve..come Dec...we will know whether is will cause the world to go into recession...but i still like to think Bernanke still got some trick up his sleeve..let hope so..let pray for soft landing But in the mean time..we have to be careful..
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ChinChye Member	10-Aug-2007 22:41        ChinChye About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Hi Choohian, Understand that you have invested gold using UOB banks... I went to UOB to check out about the gold saving acc. long time ago... their admin fee for the gold saving using CPF is very high... i am afraid that it might eat into my returns... did u check out? For UT (Unit Trust), the gold general fund... invest in too much commodities other than gold and the expense ratio is very high... might eat into returns for long term... just for info.. for ETF, it is good... but very x!! Although can buy 100shares, but still too x for me... Haha... Cheers, Anything.
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cheongwee Elite	10-Aug-2007 22:38        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	the dollar will crash...look china threaten to dump US$ assest if american impose trade curb...this will cause stock to crash and the dollar will go down..cause a run on the dollar which inturn cause stock to go even lower...this will happen in cycle .. The dollar are toast for sure...american total debt is 50trillion...take them some 10 to 15 yrs to clear according to expert...the dollar crise is just a time bomb worse than the subprime waiting in line to happen.... China economy too small to support the $...Japna have stop buying the $ since 1st quater 2006.. China economy is 1/3 of Japan...and japan is half of US...that is china economy is 1/6 of US...how long can they keep supporting the dollar...this explain the $ decent...check the data yourself... Even with support the $ have been on the decent...where got hope....anyway if a $ need ppl to support...can we ask ourselves what type of $ is this.....JUNK!!!no back by anything other than word printed on the note.. If u do not at least buy a bit of gold...u are making a hugh mistake...there is no way the demise of the $ can escape It is another crises worse than the current subprime....this one will cause the world recession for some 10 yrs according to expert...............buy gold
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cheongwee Elite	10-Aug-2007 22:26        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	snoothie...why gold drop as the rest of stock initially is becos..ppl liquidate to compensate for lose in the market... yes..gold and the US$ can say inverse..the margin have been greater over the past 7 yrs...thus that why gold return the highest compare to stock...u can alway check it out...afterall it is wat u ppl believe data and graph.. I understand your reason here...u ppl compare over a long period of time...of course stock perform better....but i am say ove the past 7 yrs....look at it...it performance during this period is outstanding..compare to stock and as the dollar go down ..sure it will...it is not if but when...ppl will rush to gold for hedging and this will push up the px of gold to stratosphere as the gold market is only 500 b compare to world stock market worth 48 trillion...imagine if there is a rush to safety to gold will cause the px to soar...this is when we profit... I didnt call for all out invest in gold..but a 10 to 15% is peanut for protection...
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snoothie Member	09-Aug-2007 23:11        snoothie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Itvalue, Gold is more of a hedge for USD actually. It's correlation is higher to USD then other factors such as inflation and oil price. That's why cheongwee showed us the graph on USD trend. Found this just now....http://www.theglobeandmail.com/servlet/story/RTGAM.20070809.wcommodities0809/BNStory/Front looks like if things go bad, nothing escapes the drop?
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ltvalue Senior	09-Aug-2007 20:42        ltvalue About Contact  Quote this Post!
x 0   x 0  Alert Admin	I find with great interest about the view on gold as an inflation hedge, i was just wondering based on historical return, how valid is this view. Research done by Professor Jeremy Siegel of Wharton School of Business concludes that most of the time, gold is a poor hedge against inflation.   Stocks Bonds Bills Gold Inflation 1802-1998 7 3.5 2.9 -0.1 1.3 1802-1870 7 4.8 5.1 0.2 0.1 1871-1925 6.6 3.7 3.2 -0.8 0.6 1926-1998 7.4 2.2 0.7 0.2 3.1 1946-1998 7.8 1.3 0.6 -0.7 4.2 Source: Siegel (1999). Research done by Ken Fisher of Fisher Investments yielded similar results. If data does not lie, (most of the time it don't), then wouldn't it be dangerous to base our investment decision on faulty assumptions?
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choohian Senior	09-Aug-2007 17:37        choohian About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks tiandi, appreciate any kind of info. I am sort of old fashioned, and am afraid to delve into unknown grounds. With all these advice maybe I should venture further to invest gold EFT. Will do more research before I hit it.
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cheongwee Elite	09-Aug-2007 13:56        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	snoothie...it is more diverstify..ther are into energy..and other metal...now thses are in the bull trend...as far as we can see...they are not all mining stock...tok abt gold stock..i make a bomb thr my copusin in Florida..good luck.. look at the dollar it is scaring with china dumping them..1.2 trillion it will get worse.. http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax
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cheongwee Elite	09-Aug-2007 13:51        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Take a look at the us$...it is virtually one way down ..China today threaten to dump the dollar if american impose trade dcurb on them...this will cause the dollar to crash and stock market ard the world like last wk will be back in not time.. Trade curb on China is like cutting their throat...they already have high unemployment some 5million yearly..if curb i mpose..there will be more jobless in China.. But the american will not back off...because that will lose face and now with democrat in control it look urgly...we better be careful...trade with care!!!
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snoothie Member	09-Aug-2007 13:47        snoothie About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Cheongwee, The UOB fund's underlying is still stocks..predominantly mining Co. like BHP & etc...wouldn't bad sentiment in stocks still affect it?
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timewatch Senior	09-Aug-2007 13:45        timewatch About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi  cheongee, is buying swiss bar gold good also at today's rate. what is your view.
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cheongwee Elite	09-Aug-2007 13:43        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	choohian...as time go on...economic factor cause gold px to move up...u can then slowly move into gold fr stock..to profit more u must get on the bubble early..remember. I believe we will see a gold px of $3000 in our life time.. Invester will chase up the gold  px ,,faster then the US$ depreciation.in timne oof economic calamity.....that is when we profit...just like greed chase up a stock till it is way abv the fundamental value....like rowsley...jade..........cheers!!!
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cheongwee Elite	09-Aug-2007 13:35        cheongwee About Contact  Quote this Post!
x 0   x 0  Alert Admin	choohian..u are right...but i think there is a better choice of investment in unit trust...the performance is outstanding...i bought this one in 2001 at 0.6..nw it is 1.83..200%...33% annualise return...not bad....it is known as The United Gold and General.. http://www.uobam.com.sg/uobam/fundfocus/1Q2007/sectorialequity_1q2007.pdf go there and read...since 2001 for every gold px double the trust move up 300%..GOLD PX 290...nw it is 670....the trust i bought at 0.6 per unit now is 1.83..that is a ratio of 1:3!!! http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx That does not mean we shld ignore stock completely...stock current look good...we shld not miss out $ making in stock...can join the rally..and profit.. But as for me i make big move,cause i am confident with the fact before me...for u ..10 to 15% of invest fund in gold will do.. Gold can never go to zero like stock..0.005C min as good as zero,,,gold will alway have value...so even if i am wrong we are safe..good luck
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tiandi Senior	09-Aug-2007 13:33        tiandi About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi choohian, insteads of Gold certs, perhaps you can consider also GOLD ETF ( O87)  Below is details:    GLD 10US$   66.200 - - 1 6 66.200 66.300 - 66.400 66.200 STREETTRACKS GOLD SHARES Full Company Name: StreetTracks Gold Shares Incorporated in : UNITED STATES Incorporated on : 12 Nov 2004 ISIN Code : US8633071043 Registered Office : 44 Madison Avenue 3rd Floor, New York New York 10022 USA Telephone: 212 3173800 Link to Internet Website http://www.streettracksgoldshares.com - LISTINGS Listed on 11 October 2006 on SGX Mainboard OTHER STOCK EXCHANGE LISTINGS New York Stock Exchange AUDITORS Deloitte & Touche LLP Deloitte Anjin LLC BACKGROUND The Trust is an investment trust, formed on 12 November 2004 under New York law pursuant to a trust indenture, or the Trust Indenture. streetTRACKS® Gold Shares is the first gold-backed exchange-traded fund to be listed in Asia. Sponsored by the World Gold Trust Services LLC, the streetTRACKS® Gold Shares are designed to track the price of gold and trade like any stock on the exchange. The Gold Shares are backed by physical allocated gold bullion and denominated in US dollars. streetTRACKS® Gold Shares are designed to offer investors an opportunity to participate in the gold market through an investment in shares. The investment objective of the Trust is for the shares to reflect the performance of the price of gold bullion, less the Trust's expenses.
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