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Gold going up this year?
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niuyear
Supreme |
11-Mar-2011 11:20
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Property Price falling, is the 1st sign .
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warrenbegger
Elite |
11-Mar-2011 11:07
Yells: "Anyhow Buy Anyhow Die ^_^" |
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x 0
x 0 Alert Admin |
This still apply to me, more and more bad news. Danger, so be careful. Wish u all take care and good luck:)
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warrenbegger
Elite |
01-Mar-2011 23:35
Yells: "Anyhow Buy Anyhow Die ^_^" |
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x 0
x 0 Alert Admin |
I already know all this, that why i withdraw all of my investment last 2 week and only play 1 low px S-chick(already so low how low can it dive?) for fun. Those stock which bot at above average high px will dive all the way to commit suicide if really bad news happen. But i dont know when that will happen so i just keep my sexy leg cross. Wish all of u who see this know what to do, dont be too greedy when lots of major problem in this world havent solve yet.
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ozone2002
Supreme |
01-Mar-2011 23:22
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Financial Armageddon from worthless Paper MoneyFebruary 28th, 2011Maybe you think it sounds extreme but daily we move closer to the real possibility that a major fiat currency such as the US Dollar or the Euro could collapse in the blink of an eye. The mounting economic pressures mean that eventually something will have to give. Inflation is rising. Oil prices are rising. Debt is unresolved. Property prices are falling. Unemployment is rising. The cost of living is rising. Wages are stagnating. Raw material costs are almost out of control. Energy costs are rising. Growth is negligible (and most estimates are over-egged by floundering politicians) North Africa and the Middle East are unstable. The knock on effects are pure guess work at best. What will happen next? What will be the net effect of all these things stirred up with a huge dose of uncertainty? It’s like a tinderbox to start a Finacial Armageddon. Just one single event could trigger an unstoppable domino effect that would lead to financial meltdown. Don’t believe me? What if Greece cannot keep to the rescue plan imposed on it? What if it defaults? Will a whole country go broke? And then what? What if the Eurozone feels the knock on effect or what if another bigger Eurozone country requires a bailout? Any of the major currencies could be put under extra pressure resulting in a run and a collapse and at any time. The US dollar is a benchmark for the world, for oil prices, trade, banking etc. Is it conceivable that this , the most important currency on the planet as we know it , could collapse. This is a timely reminder to the fragility of wealth stored in currency or as a paper promise reliant on the success and existence of a large institution. Wealth needs protection for survival and the acquisition of valuable physical assets that can survive a crisis is the only way. No wonder Central banks and the biggest fortunes on the planet are stocking up on Gold! |
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ozone2002
Supreme |
21-Feb-2011 19:56
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gold just gained US$80/oz.. well done.. now US$1400
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ozone2002
Supreme |
08-Feb-2011 09:22
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x 0 Alert Admin |
gold is oversold technically.. time to load up | ||||||||
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ozone2002
Supreme |
29-Jan-2011 19:04
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buy gold on dip........................ January 29, 2011, 1.21 pm (Singapore time)  Gold rally biggest in 8 weeks as Egypt army rolls
NEW YORK - Gold posted its biggest gains in eight weeks on Friday, gaining nearly 2 per cent as the prospect of unrest in Egypt spreading across the Middle East fuelled a rush of safe-haven buying in the financial markets. The nearly US$40-an-ounce jump in active trading revived investor interest in bullion, which is still set for its first monthly decline in half a year after investors fled the market on signs that the eurozone debt crisis was receding and the US economy was on a firmer recovery footing. After several days of unprecedented protests, the sight of armoured cars in the streets of Cairo on Friday finally got the attention of global markets. Oil spiked by more than 4 per cent, the US dollar rose sharply and Treasuries gained as investors feared the political instability could spread. 'Confusion breeds contempt for all investments other than gold. Clearly, money is flowing to gold as the ultimate safe haven ... because nobody knows how this situation is going to resolve itself,' said Dennis Gartman, publisher of the Gartman Letter, a daily investment commentary. Mr Gartman, a long-time gold bull who liquidated some of his position this month, said that he did not expect Egypt's unrest to be over anytime soon and that gold could further benefit from the possibility of chaos spreading to other countries in the region. Spot gold rose 2 per cent to US$1,338.39 an ounce by 2.43pm EST (1943 GMT), the largest one-day gain since early December. That reversed Thursday's 2.6 per cent slump as a run of better-than-expected economic data fueled concern over higher interest rates that could end gold's long bull run. Earlier in the session, gold touched a four-month low of US$1,308.00 an ounce. US gold futures for February delivery GCG1 settled up US$22.3 at US$1,340.70 an ounce, with total volume topping 300,000 lots for a second day running, the highest since November. Spot silver rose 3.5 per cent to US$27.82 an ounce. Despite Friday's rally, gold notched a four-week losing streak, its longest consecutive weekly decline in a year. After the toppling of Tunisia's president earlier this month, financial markets are even more on edge over growing instability in the Middle East as Egyptian President Hosni Mubarak attempts to quell street fighting and mass protests demanding an end to his 30-year rule. 'The market is a little sensitive when people take to the streets as it reminds them of the riots in Greece a year ago, and that did lead to a flight into the safety of US Treasuries,' said Chris Rupkey, chief financial economist at Bank of Tokyo/Mitsubishi UFJ in New York. The US dollar index rose 0.5 per cent and US Treasuries climbed. Mr Gartman said that liquidation pressure in gold had run its course after spot prices bounced off key support near their 150-day average in overnight trade. Platinum climbed 0.7 per cent to US$1,793.50 an ounce and palladium gained 1.1 per cent to US$810.72. -- REUTERS |
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krisluke
Supreme |
19-Dec-2010 11:52
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Buy Gold... ... Real Gold |
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ozone2002
Supreme |
06-Dec-2010 14:15
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x 0 Alert Admin |
SMILES :) |
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ozone2002
Supreme |
17-Nov-2010 13:27
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China, QE2 and GOLD China is set to buy and continue to buy Gold in the coming years as its excess of Forex reserves spiral upwards. At present 1.7% of this is invested in Gold but as they are due to run a further surplus of $2.7 Trillion over the next five years they will have to buy between 1,000 and 1,500 tonnes just to match the current ratio. There is a strong possibility that they will buy even more to avoid exposure to further dollar devaluations. Introducing QE2! How strange that Bernanke’s QE2 will inevitably continue this cycle of dollar devaluation. The only reason he introduced QE2 is because he has no other ideas or measures in his locker. He did it for something to do as doing nothing looks bad. Well time will be the judge but the short term effects won’t last long and ultimately will solve nothing. His hopes are that he survives office before the “Bubble” bursts but the legacy of QE2 will not be good. Hyperinflation may just be around the corner followed by a total devaluation of the Dollar, leading to it losing its role as a reference currency. No gold left in India! All of these factors are contributing to the increasing world demand for gold. The Indian market ran dry of gold coins recently as the “season of lights” demand outstripped supply. The Chinese private investment market has all but doubled demand in the last year to 143 tonnes (from 73 tonnes 2009 and 17 tonnes 2008). Predictions are that this will rise but at what rate? One can guess that it will be significant. So what will happen to gold prices? Well today spot prices have broken another record by passing the $1400 an ounce ($1404.90). A weak dollar, increasing demand from central banks and expanding private markets will push the price through record levels to $1500 an ounce by spring break at the latest and even $2000 by Q4 next year. Whenever the credit, currency or debt “Bubbles” burst the sky will be the limit for gold – literally! If you believe this is fiction check the facts on gold prices for yourself on the links below and remember that since 2008 the rules have changed ……….. and any so called correction for Gold is likely to be up! |
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ozone2002
Supreme |
06-Nov-2010 11:25
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ozone2002
Supreme |
25-Oct-2010 09:51
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kyjnjn
Member |
17-Oct-2010 14:53
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Thank you very much for sharing. All the best to your investments too. | ||||||||
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alexchia01
Elite |
17-Oct-2010 14:18
Yells: "Catch The Stars And Ride With Them" |
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Actually, we have answer this question many times. But, I know that there are many newies who may have missed our old postings, so for the benefit of the newies, I'll answer this question again. To invest in Gold you can Buy, 1. Physical Gold, 2. Gold ETF, 3. Gold Savings Account. 4. Gold Forex. 1. Physical Gold. You can Buy Gold Bars or Gold Coins. This is for long-term investors. You can Buy from UOB head branch or from any Gold Jewelery store. UOB Gold and Sliver Price 2. Gold ETF. Look for GLD 10US$ in Singapore Stock Market. This is for short-term to long-term investors. You Buy it like a share in the stock market. SPDR Gold Shares 3. Gold Savings Account. You can open a Gold Savings Account with UOB and Buy/Sell Gold through UOB. This is for short-term to long-term investors. 4. Gold Forex. You can trade Gold via the Forex Market. This is for short-term traders. Open a Forex or CFD account and trade Gold through their platform. Since you are new to Gold Investment, I don't suggest you do Gold Forex. You can try Gold ETF and Gold Savings Account first because they easy to Buy and Sell. Physical Gold is difficult to sell, so you Buy only when you want to keep long-term. Good luck with your investing.
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kyjnjn
Member |
17-Oct-2010 12:54
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No. Do not know how and where to buy? Physical gold or gold shares? Everything also do not know, heehe.... so dumb; that is why I need to ask u but u have not shared your advice. | ||||||||
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ozone2002
Supreme |
17-Oct-2010 12:10
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x 0 Alert Admin |
Gold is rising..have u got ur gold? |
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ozone2002
Supreme |
06-Oct-2010 11:28
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kyjnjn
Member |
02-Oct-2010 10:23
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Hi ozone2002, I have never invested in gold and would like to get started. Is it better to buy physical gold or open a gold account? I do feel more incline to buy physical gold though. How and where to buy? I have absolutely no idea. Thank you.
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ozone2002
Supreme |
02-Oct-2010 09:37
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niuyear
Supreme |
27-Sep-2010 16:55
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x 0 Alert Admin |
got bubble coming or not - if it comes, we then blow the bubbles. |
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