GLD USD    Last:440.99    +10.1

Gold going up this year?

This is a follow up post to the previous one...why am i posting this? because i know ppl are greedy.. so am i,,,that we forgot to get off...and end up follow it up and down ...getting nothing out of it in the end..

Take profit when it is time...afterall this is what investment are for!...

This post is to tell you to sell when your target is reach, dont be greedy...that is my point of view...

Good luck to all  who got gold and silver.....

cheongwee      ( Date: 05-Feb-2009 17:53) Posted: Actually, Buffet said correctly, we dig up gold from one hole and then bury in another hole and call guard to guard it...an alien in Mars will be puzzle... But it is a bubble where we make money...remember reading about ppl pay high px for tulip and sea shell...what about internet stock..actually all are nothing but bubble...it all depand on the mentality of the ppl...so call market...it they want to say one kilo of cow dung is worth $5000...what are we to say they are stupid.... Year from now, after this gold bubble burst, then we relised that gold is nothing, other than confident ppl put in them...gold because of scarity is use as backing for paper currencies, but that is history, we are no going back to the gold standard anymore...it is very complicated...if u are interested, u can always serach it out in gold relate wedsites...  other than that , it is useless, compare to iron...iron got more uses than gold. Be really, for the gold story ad get off before the bubble burst..set target..nobody can sell at the top and sell at the bottom...take profit and when 2 oz of gold buy one dow..it is time to buy stock again... Good luck.

 

Actually, Buffet said correctly, we dig up gold from one hole and then bury in another hole and call guard to guard it...an alien in Mars will be puzzle...

But it is a bubble where we make money...remember reading about ppl pay high px for tulip and sea shell...what about internet stock..actually all are nothing but bubble...it all depand on the mentality of the ppl...so call market...it they want to say one kilo of cow dung is worth $5000...what are we to say they are stupid....

Year from now, after this gold bubble burst, then we relised that gold is nothing, other than confident ppl put in them...gold because of scarity is use as backing for paper currencies, but that is history, we are no going back to the gold standard anymore...it is very complicated...if u are interested, u can always serach it out in gold relate wedsites...  other than that , it is useless, compare to iron...iron got more uses than gold.

Be really, for the gold story ad get off before the bubble burst..set target..nobody can sell at the top and sell at the bottom...take profit and when 2 oz of gold buy one dow..it is time to buy stock again...

Good luck.

 

http://www.business24-7.ae/articles/...3276fb9b0.aspx

 

Thanks and I would consider the low risk type of investment - Unit Trust.

cheongwee      ( Date: 01-Feb-2009 01:32) Posted: I can give suggestion but you must hold yourself responsible for your action, i am not gold bug, i still do not see doomsday scenario like those gold bugs do...they buy physical...i go for gold stock , but you got to be careful, some are empty shell, so i suggest u buy unit trust....DWS Noor Precious Metal..or United Gold and General( this one include oil), but the first one is in purely precious metal..i.e gold and silver only. Why i like stock ? because historically, stock have a beta of 3 to 1 over physical, that means 1 time increase in physical gold px, stock will go up 3 trimes., but currently this is not so, but i am confident this will come abt soon when gold is in 4 figure number. If u are risk avert like me, i have twist to 80% to silver and silver stock, but this i do not suggest, it is h risky, u just buy DWS Noor Precious metal..and United Gold and General., thses 2 will do well. Why silver?  silver historically outperform gold, and what better time to acc then now since ppl are not chasing it...silver return 18.7% over the last 7 yrs from 2001..currently GTS ratio is 1 to 73...that make silver dirt cheap. I do buy these 2 unit trust...United Gold bought from 0.5x till adding on and DWS Noor..from 0.8x till 0.5x..and last week just bought GDX, and SLW...i think u just buy the unit trust will do well.. U can say i am vest here heavily, i believe the gold story will be play out soon...50%.(metal) 20%(equity)...30% cash....ride on the gold bubble...good luck. ckkang      ( Date: 01-Feb-2009 00:06) Posted: I am interested in diversifying my investment into Gold. Can anyone give me some advises?

 

I can get this for less than S$450k..within 2009.

 

HI August,

                thanks for your info and analysis. I will be buying some gold ETFs too in time to come. Hope to see hitting beyond USD100 by this year ;)

cheers,

oinkoink

august      ( Date: 01-Feb-2009 11:46) Posted: Hi, my personal opinion. Gold price tends to move up till March - April and then move down again , only to peak again on the 4Qtr of the year.  I am currently accumulating paper gold thru' UOB Gold saving ; target is to keep accumulating bits by bits irregardless of fluctuation of gold prices - I dont think there is a minimum purchase on that, pls check with the bank.  On a speculative side, I buy / sell gold ETF from Singapore stock market (but at multiple of 10 lots).  I just brought some at $88.55 and will only let go when it hit US$100/- and beyond.. hopefully in March timeframe. Good luck with the yellow metal !

 

latest.....

Revised Structure of Major Wave ONE: London PM Fixings.

Structure of Major Wave TWO: London PM Fixings.

 

How much can a man eat? How many car can we drive? How many house can we live in? How many girl or boyfriends (genious ones) can we have? and last how long can we live???

Life is too short to regret over what have been done and what u did not do...live in the present, dont prison yourself in the past...i believe in hard work and destiny..

Dont believe in luck and buy toto...The Lord Buddha said to his disciple...."to an industrious man, everyday is a lucky day"....."industrious" here means hardworking...

Do research hard and find the best stocks and invest there....good luck and hope we be lucky in silver and gold..look at the bigger picture...it is up for gold.DYODD

 

Do you trust elliot wave...We are current on large wave 3...850 to 1572...then correct down to 1320...these are just a guide..and like any guide ..can never be 100% accurate...DYODD

Hope it help...any useful item pls be generous and post...will not hold u liability..hope u read and understand my lousy English...i am better in Mandarin..

That template forecast a low for Large wave II of $850, so the actual result of $853 is remarkably close to that forecast. The following updated template is not much different from the above one because the low for Large II was very close to the forecast :

Revised Wave Labels

 

I think the best of all investment is still property, but for gold u just keep, for property u can rent it out and keep for capital appreciation...looking to buy in California..Orange County...let the property come down another 10 to 15% first.over there..

 

 

1200 or not?? no one can tell...really no one.....but if you go to this website and see , u can see the bigger picture for gold...from 2000 till current, if u put yout $ here u are much much better off than stock like i did..but as i say everything is a bubble, so do be alert, get out when it is time...this gold bull is also a bubble, but in it middle stage..unfortunately, i was nimble from 2000, only beginning of 2007 that i go big...now more on silver.

For me i prefer stock and unit trust, they run faster as the gold bull gallop on...i am in for profit... i am not gold bug who see doom and gloom...but the gold story are going to be play soon...get on fast.

oinkoink1999      ( Date: 01-Feb-2009 01:50) Posted: Hi cheongwee,                        I read from a report that gold will hit USD1200 this year..in yr personal opinion, do u think it will be realized? When u mention stock, do u mean u have vested in SPDR Gold shares in SGX? I'm interested to buy too but dunno what price should i get in... Cheers, oinkoink cheongwee      ( Date: 01-Feb-2009 01:43) Posted: Actually, the true abt gold is ...it is really a barberic relic...yes it is true...ppl always say with a gold standard than ppl cannot manipulate curreny, but i dont think so, why? If ppl want to manipulate, even with a gold standard they can always manipulate, isnt it? People are afterall people, they will find loophole here and there to "play" the system.,no matter how foolproof a sys is!!! At the end of the day, for a system to work, we must have honest and uprighteous ppl running the show. Otherwise, no matter how good the system is, it is also useless. Just ride the bubble and make $, remember this is a bubble just like any ,it will burst,j ust remember to get off when you ahave enough...DYODD

 

Hi, my personal opinion. Gold price tends to move up till March - April and then move down again , only to peak again on the 4Qtr of the year.  I am currently accumulating paper gold thru' UOB Gold saving ; target is to keep accumulating bits by bits irregardless of fluctuation of gold prices - I dont think there is a minimum purchase on that, pls check with the bank.  On a speculative side, I buy / sell gold ETF from Singapore stock market (but at multiple of 10 lots).  I just brought some at $88.55 and will only let go when it hit US$100/- and beyond.. hopefully in March timeframe.

Good luck with the yellow metal !

 

Hi cheongwee,

                       I read from a report that gold will hit USD1200 this year..in yr personal opinion, do u think it will be realized? When u mention stock, do u mean u have vested in SPDR Gold shares in SGX? I'm interested to buy too but dunno what price should i get in...

Cheers,

oinkoink

cheongwee      ( Date: 01-Feb-2009 01:43) Posted: Actually, the true abt gold is ...it is really a barberic relic...yes it is true...ppl always say with a gold standard than ppl cannot manipulate curreny, but i dont think so, why? If ppl want to manipulate, even with a gold standard they can always manipulate, isnt it? People are afterall people, they will find loophole here and there to "play" the system.,no matter how foolproof a sys is!!! At the end of the day, for a system to work, we must have honest and uprighteous ppl running the show. Otherwise, no matter how good the system is, it is also useless. Just ride the bubble and make $, remember this is a bubble just like any ,it will burst,j ust remember to get off when you ahave enough...DYODD

 

Actually, the true abt gold is ...it is really a barberic relic...yes it is true...ppl always say with a gold standard than ppl cannot manipulate curreny, but i dont think so, why?

If ppl want to manipulate, even with a gold standard they can always manipulate, isnt it? People are afterall people, they will find loophole here and there to "play" the system.,no matter how foolproof a sys is!!!

At the end of the day, for a system to work, we must have honest and uprighteous ppl running the show. Otherwise, no matter how good the system is, it is also useless.

Just ride the bubble and make $, remember this is a bubble just like any ,it will burst,j ust remember to get off when you ahave enough...DYODD

 

I can give suggestion but you must hold yourself responsible for your action, i am not gold bug, i still do not see doomsday scenario like those gold bugs do...they buy physical...i go for gold stock , but you got to be careful, some are empty shell, so i suggest u buy unit trust....DWS Noor Precious Metal..or United Gold and General( this one include oil), but the first one is in purely precious metal..i.e gold and silver only.

Why i like stock ? because historically, stock have a beta of 3 to 1 over physical, that means 1 time increase in physical gold px, stock will go up 3 trimes., but currently this is not so, but i am confident this will come abt soon when gold is in 4 figure number.

If u are risk avert like me, i have twist to 80% to silver and silver stock, but this i do not suggest, it is h risky, u just buy DWS Noor Precious metal..and United Gold and General., thses 2 will do well.

Why silver?  silver historically outperform gold, and what better time to acc then now since ppl are not chasing it...silver return 18.7% over the last 7 yrs from 2001..currently GTS ratio is 1 to 73...that make silver dirt cheap.

I do buy these 2 unit trust...United Gold bought from 0.5x till adding on and DWS Noor..from 0.8x till 0.5x..and last week just bought GDX, and SLW...i think u just buy the unit trust will do well..

U can say i am vest here heavily, i believe the gold story will be play out soon...50%.(metal) 20%(equity)...30% cash....ride on the gold bubble...good luck.

ckkang      ( Date: 01-Feb-2009 00:06) Posted: I am interested in diversifying my investment into Gold. Can anyone give me some advises?

 

I am interested in diversifying my investment into Gold. Can anyone give me some advises?

 

 

From 1971 to 1980 gold increase 24times and silver 39 times..

If you have 10% in gold and silver, even with the other 90% in equity totally gone, you still end up 2.4 times richer. Taken from this video....

 

http://www.silverfatcat.com/

So the 10% can perform wonder...10% is within everybody means..vested since 2000.

yes,,,a call to buy..dont need DYODD...record speak for itself...last year only one asset gain..GOLD.

 

this also

http://www.silverfatcat.com/

scroll down and watch the video..

 

This one for you.... http://www.youtube.com/watch?v=FOKn7tiUMyc

 

Thanks for your reply.:)

candle      ( Date: 23-Jan-2009 14:16) Posted: all have been answered by yrself. YES 10 shares and in US$