| Latest Forum Topics / Others |
 Post Reply
|
|
Buy Gold,..no stock..
|
|
|
cheongwee
Elite |
09-Aug-2007 13:22
|
|
x 0
x 0 Alert Admin |
hjtesting |
| Useful To Me Not Useful To Me | |
|
choohian
Senior |
09-Aug-2007 12:17
|
|
x 0
x 0 Alert Admin |
cheongwee, I buy gold certs or gold accounts through UOB. The physical gold is hard to carry around and there is the assay charges. Though gold accounts do not have interests the hope is in the rise in the price of gold. I may be wrong, but I do invest a little as a hedge against inflation. I don't believe in jewelry as there is a loss in workmanship costs. |
| Useful To Me Not Useful To Me | |
|
|
|
|
cheongwee
Elite |
08-Aug-2007 22:36
|
|
x 0
x 0 Alert Admin |
KiLr0y...did u read my earlier post...u means to say more or less gold function as a hedge against inflation...yes previously and it still does.but from now on since the bull started ard 2000..till now..other than hedging function it is going to be a profitable investment ..look at the return compare to STI 75% and DOW 100%...gold 130%!!!...i believe we will see a US$2000 -3000 gold..there will come a period when px gold will shoot up faster than the dollar depreciating..invester are always kiasu chase up...this is where we profit...same in any bull when px of stock shoot up way above the fundamental value in advance..chase up by greed...of ppl. There was a guy who say gold is expensive...nobody will buy at $3000...currently the px is 670...fr 670 to 3000 is 347%...now Capitaland fr 1.76..go up to $8..that is 354% and ppl are still buying..saying it will go to $20...did u buy...i actually bought at 1,76 and let go 4.5 during the IR ..play....who say at 3000 nobody buy when there are financial upheavel..i believe this when ppl chase up the px...and i believe this will also signal the end of the bull market for gold......this when we sell gold and return to buy stock at cheap px.. |
| Useful To Me Not Useful To Me | |
|
KiLrOy
Master |
08-Aug-2007 22:10
Yells: "I buy only what I can see." |
|
x 0
x 0 Alert Admin |
Gold price tends to have a negative correlation with USD. If USD is deemed to be at its low, would gold price be considered high now? |
| Useful To Me Not Useful To Me | |
|
cheongwee
Elite |
08-Aug-2007 22:03
|
|
x 0
x 0 Alert Admin |
choohian...with a gold standard there is no way for reckless printing of currency by the govt...printing of fiat currency causes a decrease in the value of that currency leading to high inflation..and lower purchasing power of that money. Look at China....what happen...M1..money supply 20%..but actual growth is only 10%...what follow...did u read straits times on 6/8...pork have gone up 74.6%...eggs..up 27.9%...even simple instant noodle..up 20 to 40%..high inflation...if this will to happen in Europe..example France..chaos will happen for sure...the french will burn cars and building...luckily this happen in communist China where the govt is in full control....but there is alway a if.....US worse..they no longer report M3 since 2006.....even if they report...the report itself is questionable.. I think u can see a bubble here also waiting to explode..if there is social unrest arising from this will the STI survive...will all world market not effected??? U can say last time we do not have enough gold to go abt..thus gold standard cannot work,but today with our technology..with credit card and debit card,shouldn't be a problem now...we can easily say deduct 0.002gm of gold fr your account for a loaf of bread.. Ever wonder where that new note for CNY ang pow come fr...yes fresh from printer...u want it u got it...ok fine it there is economic growth fine..i can print more money....no problem....but wat if there is no growth or worse -ve growth...with that hugh amount already in circulation..will it not cause inflation to rise?? Gold is real money...buy gold ...buy physical...not ETF...those are empty shell...just paper value..if for leverage buy gold stock...i dont know but if go thro security here will cause a bomb...i have a cousin in Florida...i trade thro him...can always ask your broker regarding this,,,but fr experience i have with DBS it is expensive u pay commision to DBS and then Smith Barney or other...double commsion...can find out.. When I watch th eshow thw silk road i loan fr library...u know wat they found along the silk road....gold coin...copper coin ...brass piece use as money...they didnt find euro..not they didnt find US$..not Sing$...or swiss fr4ancs..........go for real thing...before next financial storm come to pass. |
| Useful To Me Not Useful To Me | |
|
|
|
|
mediacraze
Member |
08-Aug-2007 20:29
|
|
x 0
x 0 Alert Admin |
hehe.... just asking... here talking about the solid gold itself or gold related share counter? |
| Useful To Me Not Useful To Me | |
|
choohian
Senior |
08-Aug-2007 18:42
|
|
x 0
x 0 Alert Admin |
cheongwee, you are right to talk about gold. Gold has one special quality that other commodities do no have. It can be stored forever without deterioration and because it is rare, a small amount represents a lot of value. The world needs some acceptable medium of exchange . The medium need not be gold. It could be silver or sheepskin or platinum but it must definitely be storable without losing its qualities. Its total world supply must either remain constant or else grow at a pre-determined rate. Silver - too much of it. Platinum - there isn't enough. Sheepskin ? - they'll smell. One of the best way to buy gold is through the medium of a certificate. / |
| Useful To Me Not Useful To Me | |
|
cheongwee
Elite |
08-Aug-2007 18:14
|
|
x 0
x 0 Alert Admin |
Gold is predicted to go to US$2600..by 2012..buy now .. The world stock market is worth $48 trillion...the gold market is just worth US$500 billion...imagine in time of crises or financial upheavel...just 1 % move from stock into gold will see gold px go to stratosphere...and financial upheavel do occur...my dear friend...put a small amount into gold can never be wrong... |
| Useful To Me Not Useful To Me | |
|
|
|
|
cheongwee
Elite |
08-Aug-2007 18:02
|
|
x 0
x 0 Alert Admin |
From 2000 to 2007...sti go fr 2000 to 3500...grow 75%....DOW..fr 7000 to 14000...grow 100%.... But Gold climb fr $290 to $670...130%!!!so..it gold a good investment...gold no longer function as a hedge against inflation fr now on..going to be a very profitable investment... |
| Useful To Me Not Useful To Me | |