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View Poll Results: Are you giving up?
No. Never! 27 90.00%
Yes. Going to sell all now & might buy back again when one fine day, PM restarts a bull run. 1 3.33%
Yes. Selling & never going to touch PM again! It's a scam! 2 6.67%
Voters: 30. You may not vote on this poll

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  #41  
Old 22-12-2013, 11:13 PM
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daniel.yrh daniel.yrh is offline
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because after i started buying PM, i spent less money on other unnecessary item, thus my saving grew in that sense.
well your "savings" are converted from fiat to physical metals, but to-date they worth less than what you have paid for. In other words if you have not spent on PM and keep your fiat in the bank you will end up with more fiat by now after factoring in that minute percentage of bank interest.

that is if you put aside unnecessary spending
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  #42  
Old 22-12-2013, 11:52 PM
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Originally Posted by daniel6886 View Post
because after i started buying PM, i spent less money on other unnecessary item, thus my saving grew in that sense.
Quote:
Originally Posted by daniel.yrh View Post
well your "savings" are converted from fiat to physical metals, but to-date they worth less than what you have paid for. In other words if you have not spent on PM and keep your fiat in the bank you will end up with more fiat by now after factoring in that minute percentage of bank interest.

that is if you put aside unnecessary spending
Well, I very much agree with Daniel6886

Assuming spend $10k to buy, but due to spot, now worth $8k. But if never buy, now the $10k is 100% gone

Buy = -20%
Never buy = -100%
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  #43  
Old 23-12-2013, 12:33 AM
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Wah can't say like that... If one spent $10k shorting metals since April he/she would have end up with $15k.

If never buy $10k now worth $10,001 due to bank interest hahaha!
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  #44  
Old 23-12-2013, 12:38 AM
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Originally Posted by daniel6886 View Post
because after i started buying PM, i spent less money on other unnecessary item, thus my saving grew in that sense.
Quote:
Originally Posted by daniel.yrh View Post
Wah can't say like that... If one spent $10k shorting metals since April he/she would have end up with $15k.

If never buy $10k now worth $10,001 due to bank interest hahaha!
Of course if the money is invested in other products, outcome is different. But his scenario is if he doesn't buy PM, money is spent in unnecessary items.
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  #45  
Old 23-12-2013, 01:57 AM
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Daniel.yrh and anlok both are correct. Value is objective measure and PM has fallen in value since e.g. April measured in fiat currency. Worth is subjective and like beauty, is in the eyes of the beholder who recognised it within his own context. Value and worth are different, but we tend to use them interchangeably.
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  #46  
Old 23-12-2013, 07:16 AM
moyyewhon moyyewhon is offline
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I find this useful, and donovan ang says share if i find it useful.. so here it is...and by the way, donovan ang is not a gold bug.. so no bias

http://donovan-ang.blogspot.sg/2013/...ay-1150pm.html

With a weekly low of $1186.00 and a close of $1202.60, Gold is at a critical long term support (RED TREND LINES ABOVE).

Such a support is not to be easily broken in a mere 1-2 recent attempts. Furthermore, as explained earlier this year, Fair Price of Gold is $1300 for year 2013.

At the current price of $1202, Gold is under-valued based on current existing market conditions. Under-priced value remains $1200-$1300 for year 2014.

From current support, due to all the conditions as highlighted above, Gold is expected to rebound with a high upside to $1550 as first target and $1750 as an overshot second target.

Downside is low (low stop-loss) just below the RED TRENDLINE SUPPORTS and upside is high, making the reward-risk ratio excellent as a trading opportunity as well as an investment opportunity.

Above in the chart are the THREE RED CIRCLES where I called for Shorts on Gold in year 2012.
Above in the chart are also the TWO GREEN CIRCLES where I call for Longs/Buy on Gold in 2013.

Note in addition that there is also the likelihood that international hot money may rotate from Equities (Stocks) and Bonds back into the precious metals (Gold, Silver) and metals (Copper etc) market as a rotational strategy. With the majority of market participants outright bearish on Gold and worse bearish with convictions, there hence exists good entry points for Gold currently.

Additional Note:
This means US Dollar has a potential downside for the entire duration when Gold goes up to $1550.

All Previous Gold Analyses:
http://donovan-ang.blogspot.sg/search/label/Gold

Mark the targets down in your memory.
Share, if you found it useful or if you found the analysis very arrogant as it goes against public views out there.

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  #47  
Old 23-12-2013, 10:42 AM
kenkelvin kenkelvin is offline
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Quote:
Originally Posted by anlok View Post
Well, I very much agree with Daniel6886

Assuming spend $10k to buy, but due to spot, now worth $8k. But if never buy, now the $10k is 100% gone

Buy = -20%
Never buy = -100%
Correct, unless u don't spend money lah. But for some ppl if got money sure buy this buy that, end up with nothing. At least with some pm, next time got emergency still can cash out a bit
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  #48  
Old 23-12-2013, 10:45 AM
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Correct, unless u don't spend money lah. But for some ppl if got money sure buy this buy that, end up with nothing. At least with some pm, next time got emergency still can cash out a bit
Bingo! My exact sentiments. This is human nature. Who would leave money sitting without using it to pamper ourselves one way or another? Imagine I spent almost $5k to bring my whole family to HK last week. That equals to total loss in a financial sense

$5k = 100g = MAYBE 10% loss
$5k = Trip = CONFIRM 100% loss
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  #49  
Old 23-12-2013, 10:49 AM
stektan stektan is offline
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Default Not worried at all...

The last time I checked, my 1oz still weighs 1oz! I personally think this drop is creating a great opportunity for those long term stackers who missed the earlier boat. All markets go through cycles and gold is not an exception. My horizon is looking at 10-20 years and I'm sure gold will still be gold then. Saying that, gold will still drop more..to $1050 perhaps and so might be worthwhile to buy conservatively. When it rise, it will be as spectacular as it's fall, perhaps more. By that time,it will be too late to buy and some may not be even willing to sell. Gold is kept as a hedge...when prices rises dramatically, that means something is really wrong with the financial system. I hope that day never comes but if it does, I'm glad to have my gold and silver.
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  #50  
Old 23-12-2013, 11:13 AM
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Originally Posted by anlok View Post
Bingo! My exact sentiments. This is human nature. Who would leave money sitting without using it to pamper ourselves one way or another? Imagine I spent almost $5k to bring my whole family to HK last week. That equals to total loss in a financial sense

$5k = 100g = MAYBE 10% loss
$5k = Trip = CONFIRM 100% loss
But it was worth it isn't it?
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