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  #21  
Old 05-08-2011, 12:12 PM
Phoenix Phoenix is offline
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Quote:
Originally Posted by alor View Post
My believe on the real question, the other side of this picture.
is not gold price going up, but the paper purchasing power is getting less.

If I hold gold as my insurance, when I need cash, I will sell them in the future for some form of exchange and use that to move to another underlying asset/purchase.

This will some what protect my purchasing power of my cash.

timing to start the protection, immediate.
Since ancient times....keeping Gold was insurance. It has since been replaced
by paper insurance. Funny thing is paper insurance seeks other paper assets
for return in investment. Dow close about minus 500 plus point last night so let's us check the current ratio..... Gold: 1655 / Dow 11383.... 1 / 6.9

If it happen 2 X in this century there will be a chance for a 3rd time for parity ratio. That will be the signal to sell gold and move into other assets be it paper than but definetly not now . Unless short of cashflow there isnt any signal to sell Gold now for profits when more profit is on the horizon.

This a repeated link for those havent seen it....for those that already did......reminder.

http://www.youtube.com/watch?v=UE7QcVN5tC8

Scary questions no one should attempt to answer these question.

1) what happen when USD doesnt exist one fine day what would Gold price be on the same day it vanish .

2) When 1) happen the price of Silver would be ???


Cheers
Phoenix
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  #22  
Old 07-08-2011, 12:34 PM
leroyel leroyel is offline
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Quote:
Originally Posted by anlok View Post
I have the same doubts 2 weeks ago but nonetheless I bought in again last week. I sold my last lot around 1490 level, probably about 5 months ago. When I buy in last week, it was at 1615.

My own logic of re-entering the market at such highs is because of a single word, "INFLATION".

Gold price, 10 years ago, was at a low of 200+. Today is at 1649. Similarly, a plate of chicken rice 10 years ago was at $1.50. A plate will set you back between $2.5-$3 today. Will the price go back to $1.50 cos of the "chicken rice bubble"? I seriously don't think so.

So as long as holding power is there, the skys the limit for gold price! http://www.goldalert.com/2011/08/no-...lcker-emerges/

Haha i like the quote on the chicken rice. Funny but true

Anytime is a good time to buy as long as you have the holding power. Price is never too high for gold if keep waiting for it to fall then buy by that time the price might double. History says it all.

And today's financial report is very encourging in term of gold moving North! http://sg.news.yahoo.com/wall-street...214459861.html
Haha i like the Chicken rice quote. Funny but true

In my point of view any time is a good time to buy. I know of many who have been waiting for a GOOD time to buy. They waited until the price keep doubling. History says it all
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  #23  
Old 08-08-2011, 11:13 AM
bsc1280 bsc1280 is offline
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thanks guys

i have just bought paper gold ...1695....
i am hoping there is still an upward potential to gold in near term..given the fact that i might have to sell this in next 1-2 years.......

fingers crossed
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  #24  
Old 08-08-2011, 11:50 AM
Phoenix Phoenix is offline
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Default Paper ?

Quote:
Originally Posted by bsc1280 View Post
thanks guys

i have just bought paper gold ...1695....
i am hoping there is still an upward potential to gold in near term..given the fact that i might have to sell this in next 1-2 years.......

fingers crossed

Always ....always physicals, cant stressed enough of it


cheers
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  #25  
Old 08-08-2011, 12:53 PM
Adonai Adonai is offline
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Quote:
Originally Posted by bsc1280 View Post
thanks guys

i have just bought paper gold ...1695....
i am hoping there is still an upward potential to gold in near term..given the fact that i might have to sell this in next 1-2 years.......

fingers crossed
Physical gold is you can hold in your hand. Paper gold is just paper and cannot be hold in your hand. If things were to happen, physical gold is still yours but not for paper gold.
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  #26  
Old 08-08-2011, 12:59 PM
Seng_84 Seng_84 is offline
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Paper gold is for short term..anyone know if silver miner stocks is good?
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  #27  
Old 08-08-2011, 12:59 PM
ruzmidah ruzmidah is offline
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Also paper gold is subject to admin fees which is recurring.
And u are playing by their rules, something which i cannot accept.

if u are making a quick buck, paper may be easier and better.
If long term, physical is the only way =D
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  #28  
Old 08-08-2011, 01:27 PM
Phoenix Phoenix is offline
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Default Leverage is the game ;)

Quote:
Originally Posted by Seng_84 View Post
Paper gold is for short term..anyone know if silver miner stocks is good?
If you already have physicals in your core holdings than one could consider
mining stock. Bear in mind its still paper and you must know what you own. I do own some mining stocks for the leverage gain I am expecting.

For education pls go to kitco bulletin board.....heaps of info there.


Cheers
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  #29  
Old 08-08-2011, 05:55 PM
Seng_84 Seng_84 is offline
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Thank Phoenix! .. will go there and take a look
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  #30  
Old 08-08-2011, 07:01 PM
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anlok anlok is offline
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Quote:
Originally Posted by bsc1280 View Post
thanks guys

i have just bought paper gold ...1695....
i am hoping there is still an upward potential to gold in near term..given the fact that i might have to sell this in next 1-2 years.......

fingers crossed
Problem with paper is that in the event the financial institute goes into problem like Lehman.... Then..... Uh oh Though many feel that it's near impossible for that to happen in S'pore. But again, who expects that from Lehman?
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