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Gold going up this year?
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this one like 'want to die, but cant die' like that.....hahaha!
Gold price is not tag in anyway to Oil price.
The only common things among them is that:
1. They are both commodities.
2. They are traded in USD.
The rise or fall of Oil Price may or may not affect Gold price. There is not much relationship here.
iF Oil Carter WiLL sEll thEir crUdE at USD40,
GOLD PRiCE WiLL TANG may bE tO USD 400 Or bElOw.
Palm Oil cOmpanies and sOft cOmmOditiEs' cOmpanies'
sharE PRiCE WiLL TANG by 50%
STAY Out Of sOft cOmmOditiEs
iF yOu bEliEvE crUdE Oil PRiCE
WiLL TANG tO USD40.
The game is over by entering second quarter of 2010 as well as crude oil price will drop to about average USD 40 in 2010!
alexchia01 ( Date: 24-Mar-2010 20:04) Posted:
The Gold Standard was terminated after WWII, when the US wants to float their currency. No Government can backup their currency with Gold 100% because Gold has limited supply. Today, most Government backup their currency with a basket of currencies plus some precious metal, like Gold and Silver. Although Gold will not be a major support to all currencies, but it will always be a part of the support system. All major Governments have Gold as part of their reserve.
pharoah88 ( Date: 24-Mar-2010 17:45) Posted:
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tOday, ALL CURRENCIES are NOT BACKED BY GOLD.
GOLD STANDARD WAS TERMINATED YEARS AGO
because ALL the Governments could NOT AFFORD
TO BUY GOLD to BACK UP THEIR CURRENCY PRINTING.
It is EASY just to PRINT MONEY rather than to BUY GOLD to BACK IT UP
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The Gold Standard was terminated after WWII, when the US wants to float their currency.
No Government can backup their currency with Gold 100% because Gold has limited supply.
Today, most Government backup their currency with a basket of currencies plus some precious metal, like Gold and Silver.
Although Gold will not be a major support to all currencies, but it will always be a part of the support system.
All major Governments have Gold as part of their reserve.
pharoah88 ( Date: 24-Mar-2010 17:45) Posted:
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tOday, ALL CURRENCIES are NOT BACKED BY GOLD.
GOLD STANDARD WAS TERMINATED YEARS AGO
because ALL the Governments could NOT AFFORD
TO BUY GOLD to BACK UP THEIR CURRENCY PRINTING.
It is EASY just to PRINT MONEY rather than to BUY GOLD to BACK IT UP
niuyear ( Date: 24-Mar-2010 16:44) Posted:
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Any currency in the world not backed by GOLD? |
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This Malaysia Gold Deposit Scheme is a scam.
True Gold Investment does not give interest.
Gold is purely a capital play investment.
Even if Gold price is to soar, no one can guarantee a 12% growth annually.
Don't be fool by this kind of shallow scam.
pharoah88 ( Date: 24-Mar-2010 17:36) Posted:
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there is a GOLD DEPOSIT SCHEME in MALAYSIA
BUY GOLD BAR or PAPER frOm GOLD DISTRIBUTOR
RETURN SAME GOLD BAR or PAPER to GOLD DISTRIBUTOR
GOLD DISTRIBUTOR PAYS 12% FIXED INTEREST PER YEAR
## THIRD PARTY DEFAULT RISK DURING HOLDING PERIOD ##
niuyear ( Date: 24-Mar-2010 17:16) Posted:
According to the 2 forummers warning of gold crisis that is similar to that of Bernard Madoff's fraud case, that is to say 'someone' has fraud some hugh amt of money on gold investments and it is worst of than Bernard Madoff's Ponzi's scheme? B Madoff fraud US$50 billions.
Ponzi's scheme - the fraud used the New comers (investors) money to pay to Old Investors?
It goes like this : The Cheat (investment company) earn big money in pure 'Paper transactions'?? A buys GLD ETF and A's money goes to pay B who sells the ETF ? |
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The
Nixon Shock was a series of economic measures taken by U.S. President
Richard Nixon in 1971 including unilaterally canceling the direct convertibility of the
United States dollar to
gold that essentially ended the existing
Bretton Woods system of international financial exchange.
Post-war international gold-dollar standard
(1946–1971)
After the
Second World War, a system similar to a Gold Standard was established by the Bretton Woods Agreements. Under this system, many countries fixed their exchange rates relative to the U.S. dollar. The U.S. promised to fix the price of gold at $35 per ounce. Implicitly, then, all currencies pegged to the dollar also had a fixed value in terms of gold. Under the regime of the French President
Charles de Gaulle up to 1970, France reduced its dollar reserves, trading them for gold from the U.S. government, thereby reducing U.S. economic influence abroad.
This, along with the fiscal strain of federal expenditures for the
Vietnam War, led President
Richard Nixon to
end the direct convertibility of the dollar to gold in 1971, resulting in the system's breakdown, commonly known as the
Nixon Shock.
tOday, ALL CURRENCIES are NOT BACKED BY GOLD.
GOLD STANDARD WAS TERMINATED YEARS AGO
because ALL the Governments could NOT AFFORD
TO BUY GOLD to BACK UP THEIR CURRENCY PRINTING.
It is EASY just to PRINT MONEY rather than to BUY GOLD to BACK IT UP
niuyear ( Date: 24-Mar-2010 16:44) Posted:
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Any currency in the world not backed by GOLD?
pharoah88 ( Date: 24-Mar-2010 16:40) Posted:
PURE GOLD
FOOLS' GOLD
IMPURE GOLD (MIXED with BRONZE)
HOW TO DIFFERENTIATE?
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Wednesday, 24th March 2010 CLOSING
USD107.61 -USD0.65
there is a GOLD DEPOSIT SCHEME in MALAYSIA
BUY GOLD BAR or PAPER frOm GOLD DISTRIBUTOR
RETURN SAME GOLD BAR or PAPER to GOLD DISTRIBUTOR
GOLD DISTRIBUTOR PAYS 12% FIXED INTEREST PER YEAR
## THIRD PARTY DEFAULT RISK DURING HOLDING PERIOD ##
niuyear ( Date: 24-Mar-2010 17:16) Posted:
According to the 2 forummers warning of gold crisis that is similar to that of Bernard Madoff's fraud case, that is to say 'someone' has fraud some hugh amt of money on gold investments and it is worst of than Bernard Madoff's Ponzi's scheme? B Madoff fraud US$50 billions.
Ponzi's scheme - the fraud used the New comers (investors) money to pay to Old Investors?
It goes like this : The Cheat (investment company) earn big money in pure 'Paper transactions'?? A buys GLD ETF and A's money goes to pay B who sells the ETF ? |
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Bernard Madoff beaten up in prison
The jailed fraudster Bernard Madoff was beaten up in prison by a fellow inmate in a row over money, according to prisoners.
By Tom Leonard in New York
Published: 5:32PM GMT 18 Mar 2010
Madoff, 71, suffered a broken nose, fractured ribs and cuts to his head and face after he was reportedly attacked last December by a prisoner who believed Madoff owed him money.
After pleading guilty last year to running an enormous Ponzi scheme which tricked investors out of billions of dollars, Madoff is serving a 150-year-jail sentence at Butner federal prison in North Carolina.
According to the Wall Street Journal, Madoff's assailant was a "beefy" body builder with a drug conviction and a black belt in judo.
Rumours of an assault were denied at the time by the Bureau of Prisons, which claimed Madoff had been moved to the prison's hospital because he was suffering from dizziness and high blood pressure.
However, the Journal said it had been told by three separate sources, including a former and current inmate, that Madoff was beaten up.
Prison officials said they investigated the incident but found no evidence of an assault.
A former Butner inmate claimed that Madoff, who has been in prison for eight months, gave him investment advice when they met in the prison library, where the fraudster spends much of his free time.
Fellow inmates claimed Madoff had garnered some respect in the prison because of the scale of his fraud.
On Wednesday, two former Madoff employees were charged with helping him programme an old computer to generate false records.
Lawyers for Jerome O'Hara and George Perez said they will plead not guilty to charges of conspiracy, falsifying records of a broker dealer and falsifying records of an investment adviser.
According to the 2 forummers warning of gold crisis that is similar to that of Bernard Madoff's fraud case, that is to say 'someone' has fraud some hugh amt of money on gold investments and it is worst of than Bernard Madoff's Ponzi's scheme? B Madoff fraud US$50 billions.
Ponzi's scheme - the fraud used the New comers (investors) money to pay to Old Investors?
It goes like this : The Cheat (investment company) earn big money in pure 'Paper transactions'?? A buys GLD ETF and A's money goes to pay B who sells the ETF ?
In a climate of Deflation, the price of everything, including Gold, goes down. The only thing that goes up would be interest rates and cash !
pharoah88 ( Date: 24-Mar-2010 14:19) Posted:
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ALL my aunties relatives, neighbours, friends have sOld their GOLD at the PEAK PRiCES.
DiD they ALL knOw sOmething WHiCH we STiLL dO nOt knOw?
In that case, I bEttEr sEll my Physical GOLD.
178investors ( Date: 23-Mar-2010 15:43) Posted:
Being in the gold business for many years, know what "salute" is hinting at. It's better to remain silent and not scare the hell out of those whho already invested plenty else the financial crisis will see no end liao. I think the reverberation would be many times worse off than a madoff.
But not late to do the necessary as the truth will not be revealed by those who already know. So don't ask me too. Dont want to see mass panic. |
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GOLD INVESTMENT is dOne at GOLD RETAIL PRiCE.
bUt GOLD has at Least FOUR TIERS Of PRiCES:
Miner's PRiCE
Manufacturer's PRiCE
Wholesaler's PRiCE
Retailer's PRiCE
Miner's PRiCE could be 70% cheaper than Retailer's PRiCE?
Manufacturer;s PRiCE could be 50% cheaper than Retailer's PRiCE?
Wholesaler's PRiCE could be 30% cheaper than Retailer's PRiCE?
WHiCH is the BEST Level Of GOLD Investment?
Any currency in the world not backed by GOLD?
pharoah88 ( Date: 24-Mar-2010 16:40) Posted:
PURE GOLD
FOOLS' GOLD
IMPURE GOLD (MIXED with BRONZE)
HOW TO DIFFERENTIATE?
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buy gold fr bank with embossed 99.999%
PURE GOLD
FOOLS' GOLD
IMPURE GOLD (MIXED with BRONZE)
HOW TO DIFFERENTIATE?
Ok, buy gold bar, but make sure we buy the REAL one. Recent years, china has been world largest gold producer and this has attracted world wide investors .......but, hahaha! are the gold real one?? They can have their watermelon mixed with red dye so as to make it look red and juicy and so can mix some gold colour to some stone and claimed that they are real GOLD? LOL!
alexchia01 ( Date: 24-Mar-2010 14:45) Posted:
Gold is always better than the Dollar.
So what if Gold is not supported by the Dollar.
Gold can be supported by other currencies like Euro, Yen or Yun.
US is printing so much paper money that the Dollar is becoming pretty weak.
I rather hold Gold than US Dollar.
If the entire Global Economy collapse and all paper money become worthless, Gold will still have value.
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yes when gold dips..just accumulate..
gold is better than paper
