Phyiscal Gold

[jasonhanjk]

The best time to sell is over.

 

[Panerex]

if i buy physical gold from UOB, must i sell it back to UOB when i want to do so?

 

[AhBui168]

The best time to sell is over.

why leh?

 

[Shahmatt]

For those holding gold I say to them that this dip is temporary. When the the rally comes it will be vicious. Gold may soar to $10,000 USD/oz ore more.

For those who don't have any gold now better buy now before it's too late.

 

[peterchan75]

For those holding gold I say to them that this dip is temporary. When the the rally comes it will be vicious. Gold may soar to $10,000 USD/oz ore more.

For those who don't have any gold now better buy now before it's too late.

Not that the Fed is going to print more but slowing down.

 

[blurwulf]

For those holding gold I say to them that this dip is temporary. When the the rally comes it will be vicious. Gold may soar to $10,000 USD/oz ore more.

For those who don't have any gold now better buy now before it's too late.

I second that. It's time now to buy some gold.

 

[AhBui168]

I second that. It's time now to buy some gold.

$1200 liao

 

[Futureskid]

For those holding gold I say to them that this dip is temporary. When the the rally comes it will be vicious. Gold may soar to $10,000 USD/oz ore more.

For those who don't have any gold now better buy now before it's too late.

I second that. It's time now to buy some gold.

Yes I think it might be possible too as upside is unlimited, maybe not in our life time, but we still can pass down to our great grandchildren to wait for it to happen at $10,000/oz...

 

[limster]

Yes I think it might be possible too as upside is unlimited, maybe not in our life time, but we still can pass down to our great grandchildren to wait for it to happen at $10,000/oz...

by our great grandchildren's time, they may have invented a machine that can convert tungsten into gold.

 

[Shahmatt]

Gold has a theoretical bottom of around $1200 because this is production cost. Now at this price miners will stop selling in order to halt the price slide.

 

[Shahmatt]

Yes I think it might be possible too as upside is unlimited, maybe not in our life time, but we still can pass down to our great grandchildren to wait for it to happen at $10,000/oz...

Not likely have to wait for so long. I expect the price to climb to this amount within the next 5 years or so.

 

[michael_thm]

Gold has a theoretical bottom of around $1200 because this is production cost. Now at this price miners will stop selling in order to halt the price slide.

10yrs ago, the price of gold was 400+.

Did they produce below cost then or costs has tripled in a mere 10years?

 

[Shahmatt]

10yrs ago, the price of gold was 400+.

Did they produce below cost then or costs has tripled in a mere 10years?

Cost of production has risen due to inflation.

 

[Dyhalt]

Personally I holds physical gold and silver.

I won't bet on gold price soaring in future, but it is something that has retained value when everything else failed.

Wars were waged for land, silk, women, GOLD, but never paper currencies... having some part of your wealth in real assets will always be a wise choice may it be $10, $100, $1000 or even $10000 now.

 

[AhBui168]

now currently gold start going up...

anybody have bought gold already?

 

[hwmook]

Not likely have to wait for so long. I expect the price to climb to this amount within the next 5 years or so.

Nice one, keep going. Why stop at USD10,000/oz? Put it as USD100,000/oz lor.

 

[Slowdown]

Bought 1oz of Royal Canadian Mint Gold Bar today from GSC. Cost was about 1638sgd.

Rather than buying 1 kilo bar, I decided to start small since we do not know the direction of gold prices. If it drop further, pick up more.

Why this gold bar rather than the more commonly favored PAMP or Credit Suisse? It has the same surface dimension as the 100gms gold bar. Looking at it, it looks more than it's actual weight.

Good for showing off.

now currently gold start going up...

anybody have bought gold already?

 

[chopra]

Bought 1oz of Royal Canadian Mint Gold Bar today from GSC. Cost was about 1638sgd.

Rather than buying 1 kilo bar, I decided to start small since we do not know the direction of gold prices. If it drop further, pick up more.

Why this gold bar rather than the more commonly favored PAMP or Credit Suisse? It has the same surface dimension as the 100gms gold bar. Looking at it, it looks more than it's actual weight.

Good for showing off.

spread big big I guess? no offence.
if buy small amount, u will find it hard to breakeven

 

[Slowdown]

This one not stock, buy liao won't sell. Leave it for my great grand children. I estimate need another 50 to 100 more 1oz bars. I very excited ma......

Was thinking of buying one kilo but that one better buy from UOB. However I work in ulu ulu place. Cannot go to the city to visit the bank during weekdays.

Buying on weekend is my only option. So GSC suits my requirement. Better don't buy so much from them. A little bit enough liao.

My dream now is to buy 1oz each month.

spread big big I guess? no offence.
if buy small amount, u will find it hard to breakeven

 

[chopra]

uob opens on sat too....
I think yr concern is more on the cost of one kg bar.

agree. how many can afford/willing to park so much money in that.