Gold going up this year?

Does UOB's "Gold Savings Account" considered as paper gold?

Anyone know if the  "Gold Savings Account" is 100% linked to gold? i.e if Gold goes up 10%, the buying price of the account is also up by 10%?

I'll be buying both Physical and Paper Gold.

My Physical Gold is for long-term keep and my Paper Gold is for Trading.

I'm a collector of Gold Bars, so I prefer to buy Gold Bars more than Gold Coins.

Good luck to you.

fruitty      ( Date: 11-Jul-2010 13:41) Posted: Hi Alex, are you buying physical or paper gold? I'm just thinking if I should get UOB paper gold if I were to buy as the buy/sell difference is not so big. For physical gold, I would lose more to sell back (maybe due to GST). The bank also buys back at a more attractive rate than the jewellery and pawn shops that I've checked. Seems like they don't care what kinda gold bar it is, they gold by purity and weightage. Maybe gold coins will fetch a better premium, but I'll stick to bars as it cost more to buy the coins too. alexchia01      ( Date: 11-Jul-2010 12:24) Posted: Just let you guys know that I'm looking at Gold now. Could Buy some this coming week, if the price starts to go up. Don't take my views too seriously, I'm crazy over Gold. Invest at your own risk.

Hi Alex,

are you buying physical or paper gold? I'm just thinking if I should get UOB paper gold if I were to buy as the buy/sell difference is not so big. For physical gold, I would lose more to sell back (maybe due to GST). The bank also buys back at a more attractive rate than the jewellery and pawn shops that I've checked. Seems like they don't care what kinda gold bar it is, they gold by purity and weightage.

Maybe gold coins will fetch a better premium, but I'll stick to bars as it cost more to buy the coins too.

alexchia01      ( Date: 11-Jul-2010 12:24) Posted: Just let you guys know that I'm looking at Gold now. Could Buy some this coming week, if the price starts to go up. Don't take my views too seriously, I'm crazy over Gold. Invest at your own risk.

Gold Can Provide Protection Against Looming U.S. Debt Hurricane!

• Gold is the ultimate currency. It is an asset that has no liabilities attached to it, unlike fiat currencies. Fiat currencies are essentially debt instruments of governments. You can continue holding USD and risk a sharp devaluation when the sovereign debt crisis hits America or you can flee to gold.
   
  Storms ahead for the stock markets and perhaps it is only gold which may provide some respite against major prospective wealth decline.
    
  Forty-eight U.S. states will be in deficit this year and the combined shortfall will probably exceed $300 billion.  That puts Greece’s expected 2010 budget shortfall of around $28 billion into perspective.  Indeed Greece’s shortfall is put at around 13.6% of GDP, whereas there are a good number of U.S. states anticipating deficits of more than 20% this year – including some, like California, New York, Florida and Illinois, with far bigger economies than Greece.  Indeed there are around a dozen U.S. states with bigger economies than Greece and most of these anticipate 2010 deficits at this kind of level!  And look what news of the Greek deficit, once it was generally publicised, did to the markets!
   
  So far the U.S. press seems to have been remarkably effective in playing down – or just not reporting – the dire situation of the U.S. state-by-state economies.  Indeed there are only two U.S. states – Montana and North Dakota not anticipating deficits this year and they have two of the smallest economies of all the states.  The result is going to have to be massive Federal Government bailouts – or, horror of horrors, defaults.  Indeed the economies of the much reviled European PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) look positively healthy in comparison with those of many U.S. states.
   
  Add to this some of the other financial shocks likely to be highlighted in the second half of the year – bank credit card deficits, commercial property defaults, etc. and it is little wonder that the smart money has been pouring into assets which are perceived to offer protection against a market collapse – like gold and silver.  Maybe we “ain’t seen nothing yet” and there could be worse ahead for us than we saw in the latter part of 2008 – a true debt hurricane may be about to emerge.  If sentiment turns down the fallout could be dramatic.
   
  But even gold and silver may not be immune from a major market fallout – the latter in particular – but their recoveries may also be far quicker.  If the overall economy is not seen as turning better by the time the state-by-state and bank problems come home to roost, then one has to consider that a double dip in the markets is more likely than not – and it could be an even steeper fall than we saw in October 2008.  One doubts that even China, and other emerging growth economies, could come out of such an economic collapse unscathed.  The second Great Depression would be with us – globally.
   
  This may seem to be a Doomsday scenario, but it does look increasingly likely as the year progresses.  It’s scary and there is the prospect of people’s wealth – particularly that invested in the stock market – being decimated.  Cash savings are paying negative returns and assuming the same remedies are applied by Western governments as in 2008/9 – i.e. printing money – then inflation – maybe even hyperinflation – would seem to be an inevitable result.  But perhaps for the savers among us, the saving grace could be an initial deflation phase which would enable regrouping and reallocation, as after this initial phase, as inflation starts to come into play, the markets should then offer some protection against wealth erosion providing one selects companies which can survive the then-prevailing economic crisis.
   
  Gold should also survive the deflation phase as an appreciating asset, but whether it would then survive the inflationary phase may run counter to many economic theories that gold is good inflation protector.  Research does not necessarily back this position up, although over a long time period it has proved to be a good wealth store.  It’s probably the safest place to be for the time being though.  Maybe some of the wild price appreciation scenarios may not happen, but in a deflationary environment even a maintenance of current price levels is a major bonus.

lot of people predict Oct

seem like really got 凶星 at that point of time...

Where is the price going to be at the end of the year? 

I don't know and I not going to predict.

All I know is based on TA, Gold Price is going down.

Price falls from above 20MA below 50MA within 1 day.

Parabolic SAR shows the beginning of Bearishness.

MACD and Price Divergence shows that this fall is going to be drastic.

RSI shows its moving to Bear territory.

Stochastic also falling fast.

I'll get out now and Buy Back when it reach the bottom.

Analysts' prediction by end of year shld preach at 1,300 level.

Gold Ready for Parabolic Take Off?

It is obvious what is about to happen! Gold is the least risk invvestment in the world now! Don't let the gold cartel and MSM shills tell you otherwise!

• The Aden sisters (http://www.adenforecast.com/) are correct. Gold is about to go hyperbolic! Gold is a calamity indicator. Although, I am happy gold price will go astronomically higher, it will indicate global economic collapse and possibly world war!
   
  Gold Ready for Parabolic Take Off?
  GOLDEN TIMES – Gold is amazing. It’s been very strong, hitting record highs last week. Its bullish price action means investors and governments know it’s time to be in safe assets. The result is, gold continues to benefit as the world’s #1 safe haven.
    
  GOLD IS MONEY
  We’re also seeing first hand gold’s role in the monetary system. Few people understand gold’s importance over other forms of wealth but if there was ever a doubt, it’s been erased by gold’s reaction to ongoing financial developments. Gold is money. Most governments regard gold as a monetary instrument, and it has been the international currency for thousands of years.
   
  BIG PICTURE: Gold is best
  Considering the big picture, there’s no doubt gold is the best investment. The mega trend changed when the new century began. A clear shift away from paper assets (like stocks) and into tangibles (like gold) took place and a new era began. It wasn’t obvious to the average investor because mega trends take lots of time for investor’s mentality to gradually change.
   
  Even though gold’s current rise is already in its tenth bullish year, the trends are still solidly in gold’s favor. These mega trends say… stay the course… stay with gold and gold related investments. Mega bull markets also take time to run their course and this time will unlikely be an exception. Bull markets tend to end in euphoria, when everyone’s invested and they can’t get enough of it. Gold is far from this.
   
  Comparing the current 10 year gold run to the 12 years leading up to the 2000 tech explosion in the stock market, and gold’s bull market in the 1970s, you can see that gold’s rise is still tame (see Chart above). A bubble is still well into the future.
    
  DEMAND GROWING AROUND THE WORLD
  Demand for gold and silver grew even more last month. Gold sales to Europe from the Perth Mint, for instance, soared as the Greek debt crisis triggered a flight to gold. The U.S. Mint also had a busy month, selling record amounts of gold and silver.
   
  The Chinese and Indians were also buyers. China’s gold bar sales doubled, while India’s gold demand soared almost 700% in the first quarter. According to the World Gold Council, the outlook for gold remains strong for the rest of 2010, both from investment and jewelry demand.