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Old 20-07-2015, 11:38 AM
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Default Gold heading to 1000 & below!

Gold "used to be" a safe haven during turbulence times & supposedly a good hedge against inflation as many claims.

Is this still the case now? People who bought at a high of 19xx couple of years ago are now staring at more than 40% losses. To break even the 40% - 50% loss, we need a almost 100% gain

Many are screaming "hoot when spot goes down" & "just do averaging down, no problem. Long run will be ok" when spot goes gradually down. And the end result of the gradual drop is what we see now... 1106

Are these people still having the same mentality or having cold feet?
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Old 20-07-2015, 11:44 AM
Altima Altima is offline
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Aiyah, just pass it down as family heirloom. I'm sure prices will go back to those levels some day.
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Old 20-07-2015, 12:05 PM
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cold feet for me haha! stop buying bullion for now
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Old 20-07-2015, 12:31 PM
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Imagine your executive apartment becomes a 3 room flat when you wake up
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Old 20-07-2015, 12:41 PM
Andrewlee10 Andrewlee10 is offline
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I buy more. Go in batch by batch
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Old 20-07-2015, 12:49 PM
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I only convert what I plan to passed down (I.e. leftovers) into metals. Nothing changes for now, perhaps until the day I have no more leftovers…What to do? I am not good at other investment even after paying a lot of 'fees' .…

That's the problem with the current system, don't bet also cannot

Metal vs fiant, which one is likely worth more when you hit retirement… lai lai lai place your bet
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Old 20-07-2015, 01:20 PM
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Quote:
Originally Posted by Phantom View Post
Metal vs fiant, which one is likely worth more when you hit retirement… lai lai lai place your bet
That depends on the individual's age group now. Maybe for someone in their 20s, this dream of gold hitting 3000 MIGHT come true when they retire. But for someone who is already in their 40s...
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Old 20-07-2015, 01:33 PM
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Long queue at uob bank gold counter now
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Old 20-07-2015, 05:12 PM
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Quote:
Originally Posted by anlok View Post
That depends on the individual's age group now. Maybe for someone in their 20s, this dream of gold hitting 3000 MIGHT come true when they retire. But for someone who is already in their 40s...
Exactly. Investment differs base on individual needs
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Long queue at uob bank gold counter now
Gold will be money as long as people willingly accepts it as payment for goods and services.

http://www.zerohedge.com/news/2015-0...-notional-dump

I hooted some gold after reading this,. I don’t think this kind of flash crash is the norm. Anyway if tomorrow someone dump 2.7-billion worth again then I LPPL lo
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Last edited by Phantom; 20-07-2015 at 05:20 PM.
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Old 20-07-2015, 05:52 PM
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So base on age group, think I have no chance to enter the game again
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