Will the Gold Rush Persist

[yslvlys]

I been holding physical gold since mid 2000s till today. Never sell only add.

I prolly can witness my stash to hit a million in my lifetime

When are u planning to sell? Or intend to pass down all to kids?

 

[DevilPlate]

When are u planning to sell? Or intend to pass down all to kids?

I will only sell If SGD become worthless lol

 

[DevilPlate]

@stanlawj Silver failed its 45years long cup and handle pattern?

Or current 10-15% retreat for a final blow off top?

 

[stanlawj]

@stanlawj Silver failed its 45years long cup and handle pattern?

Or current 10-15% retreat for a final blow off top?

Indian festive buying is over. They're not buying as much anymore.
So sideways for many months.

 

[NintendoSwitch]

why the news say those indian shops nobody buying gold jewellery though during deepavali period ?

Dunno. Ask those talents. I mainly saw Chinese at SB that day. Went to GSC and also mainly saw non talents there. Did anyone go to BS? They extended shopping hours last Saturday purported to cater to Diwali shoppers. Was there a crowd there?

 

[Shahmatt]

A correction such as this is healthy and necessary for the bull market

 

[DevilPlate]

A correction such as this is healthy and necessary for the bull market

I also think so….

RSI cannot stay so daym high for sooo long.

Thinking of taking a small bet on Silver…..risk money stuck for many years doin nothing or massive blow off top to >$100

 

[Shion]

BullionStar said market got shortage of physical gold and silver ??

https://www.bullionstar.com/blogs/bullionstar/market-update-physical-gold-silver-shortages/

 

[bakuten]

Gold and silver peaking liao?

There is still backwardation in Silver though, still signals physical pressure.
Next week US govt will finalize and confirm section 232.
If silver makes the list as one of the critical minerals like in the released draft....it would be quite interesting to see what happens.
if they took it out from the draft though....silver could just continue to crash.

 

[bakuten]

BullionStar said market got shortage of physical gold and silver ??

https://www.bullionstar.com/blogs/bullionstar/market-update-physical-gold-silver-shortages/

the shortage mainly at refiner side.
LBMA/Comex only accepts/delivers bars produced from a list of their approved refineries.
And past decade saw this list shrink by alot....now the refineries cannot catch up with their backlog thus causing a shortage of physical delivery bars.

 

[bakuten]

Indian festive buying is over. They're not buying as much anymore.
So sideways for many months.

after such a huge run.....would be good to just sideways for awhile.

 

[lousylah]

You guys observing wrong data points. You go see mustafa gold section.

why the news say those indian shops nobody buying gold jewellery though during deepavali period ?

Indian festive buying is over. They're not buying as much anymore.
So sideways for many months.

Dunno. Ask those talents. I mainly saw Chinese at SB that day. Went to GSC and also mainly saw non talents there. Did anyone go to BS? They extended shopping hours last Saturday purported to cater to Diwali shoppers. Was there a crowd there?

Anyway mustafa premium/spread for IPM bars are decent, very similar to UOB but only low grammage. Other weights OOS.

but of course, these ah nehs cannot be trusted - so still the same only buy form UOB!

 

[havetheveryfun]

You guys observing wrong data points. You go see mustafa gold section.








Anyway mustafa premium/spread for IPM bars are decent, very similar to UOB but only low grammage. Other weights OOS.

but of course, these ah nehs cannot be trusted - so still the same only buy form UOB!

means gold jewellery useless ?

need gold bars

 

[bakuten]

means gold jewellery useless ?

need gold bars

jewelry and non-LBMA approved products u need to factor in extra costs on top of the metal price.

1. Purity
2. GST
3. Workmanship


for Bullion products....the product must originate from an LBMA approved list of refiners in order to qualify for GST exemption.

info can get from below:

https://www.lbma.org.uk/publications/the-otc-guide/london-good-delivery-gold-and-silver

for GST exemption related law under IRAS:
https://www.iras.gov.sg/media/docs/...etalsae59bd45-3c79-4be3-a0c2-aa90589b901d.pdf


*note that certain designer bars also fall into Jewelry category* to be sure just check with the dealer.

 

[DevilPlate]

Gold jewelry instantly lose 20-30% the moment u buy

 

[lousylah]

Metals (and miners) likely to correct more this week.

Either take profit or buy-the-dip depending on your investment goal(s) and risk appetite - and always DYODD

https://www.straitstimes.com/asia/east-asia/chinese-and-us-officials-reach-framework-of-a-trade-deal

 

[DevilPlate]

Based on some chartist, Gold may correct to 3700-3800 and silver ~42

 

[lousylah]

Retail investors buying the dip…

https://www.straitstimes.com/busine...ne-saw-coming-lures-bargain-hunters-worldwide

 

[Shion]

A gold crash everyone saw coming lures bargain hunters worldwide​

https://www.straitstimes.com/busine...ne-saw-coming-lures-bargain-hunters-worldwide

LONDON – As pictures of queues outside gold stores flooded social media over the past month, professional precious metals traders were getting increasingly nervous.

Gold is “an overcrowded trade that’s overextended by every technical metric”, Mr Nicky Shiels, head of research at precious metals refiner MKS Pamp, wrote to clients on Oct 6.

Two weeks later, on Oct 20, as prices soared to new record highs near US$4,400 an ounce, Mr Marc Loeffert, a trader at Heraeus Precious Metals, warned that the metal was “getting even more overbought”.

Gold prices plunged by as much as 6.3 per cent on Oct 21, in the biggest drop since 2013, and held losses through Oct 24 to close at US$4,113.05 an ounce. In US dollar terms, its US$138.77 weekly drop was among the largest ever.

On Oct 27, gold extended its drop as progress on a US-China trade deal sapped safe haven demand. Spot gold fell 1.1 per cent to US$4,070.31 per ounce as at 11.02am in Singapore.

Has gold hit a turning point in a multi-year bull run, or just a dip? In Bangkok’s Chinatown, the nation’s gold trading hub, Ms Sunisa Kodkasorn, a 57-year-old textile factory worker, had no doubt about the answer.

“Gold is the best investment,” she said. “We decided to gather all our money and come today because we knew prices had dropped.”

She is not alone. From Singapore to the United States, dealers say they have seen a rush of interest from people looking to buy gold as prices plunged last week. Ms Kodkasorn’s attempt to buy the dip was stymied because the size of gold bar she could afford was sold out.

Another kind of gold rush is unfolding in Kyoto, where nearly a thousand professional gold traders, brokers and refiners are descending on Japan’s ancient capital for the largest annual precious metal conference, which began on Oct 26. The professionals – notwithstanding their caution in the recent run-up – are similarly enthused by the gold market. Attendance at the conference is at a record high.

“Bull markets always need a healthy correction to weed out froth and ensure the cycle has duration,” said Mr Shiels, whose initial note came a fortnight before prices peaked. “Prices should consolidate and revert to a more measured bullish trajectory.”

The gold price peaked just above US$4,381 an ounce towards the end of trading on Oct 20. What was unusual about what came next was that it was largely confined to the precious metals markets: Other major markets, from equities to Treasuries to oil, were little moved the next day as bullion slid.

There was no obvious catalyst for the move: Some traders pointed to profit-taking by hedge funds, others said there had been selling by Chinese banks.

But it was a reversal that gold specialists had been anticipating for some time, as the precious metal – after already smashing record highs in 2025 – soared a further 30 per cent in just two months.

On New York’s Comex futures market, interest in bearish put options on gold rose to some of the highest levels relative to bullish call options since the global financial crisis of 2008.

The manager of one commodities-focused hedge fund expressed frustration that, despite being a long-term gold bull, he had failed to fully capitalise on the rally because he had started betting on a correction too early.

Still, it remains hard to find a gold bear among precious metals analysts, whose forecasts have been bullish but not bullish enough over the course of the last two years.

When the London Bullion Market Association (LBMA) carried out a survey of analysts at the start of 2025, almost every respondent expected prices to rise, but none thought it could trade above US$3,300 during 2025.

“We expect de-risking and profit-taking by investors to be met by dip buying from other segments of demand including central banks and other physical buyers, ultimately keeping reversals relatively shallow,” Mr Gregory Shearer at JPMorgan Chase said in a note.

Yet, the gold market’s history gives some reasons for caution. In September 2011, when gold hit a high of US$1,921 before falling back, traders and analysts who gathered that month for the annual LBMA conference were almost universally bullish. As it turned out, it would take another nine years before gold reclaimed that high.

The current surge in gold has been driven by a wave of central bank buying, which accelerated dramatically after sanctions on the Russian central bank in 2022, and fears about unsustainable levels of government debt around the world.

JPMorgan’s Mr Shearer highlighted the possibility that central banks will take a step back from the market as the major risk to his bullish forecasts, which see gold averaging more than US$5,000 by the final quarter of 2026.

But the most recent leg of the rally – coming after US President Donald Trump attempted to fire US Federal Reserve governor Lisa Cook – has been turbocharged by a wave of buying from ordinary “retail” investors, with gold shops running out of stock and more money piling into exchange-traded funds than ever before.

In some of the world’s main gold-buying hubs, there was little sign last week that the fall in prices had dented their enthusiasm. Some dealers reported less interest after a hectic two months, but others had record sales.

Mr Pete Walden, deputy chief executive of BullionStar, a dealership in Singapore, said his company had had its busiest day ever on Oct 21. “We had a queue before opening, with many more buyers than sellers,” he said. “I think many are using it as an opportunity to buy the dip.”

In the US, Mr Stefan Gleason of dealer Money Metals Exchange said his company had more interest from “bargain hunting” buyers than it could handle.

In Tokyo’s swanky Ginza district, Vietnamese student Hang Viet, who is in his 20s and has lived in Japan for about a decade, arrived at a branch of Tanaka Precious Metal hoping to buy a small gold bar.

“I believe gold prices will keep rising in the long run. I saw the current dip as an opportunity,” he said. BLOOMBERG

 

[qhong61]

I have both with almost similar invested amount. But the returns from ETF is slightly better.

For OCBC gold account, it's purely on the gold prices. But for gold ETFs there also other factors that can drive the ETF higher. Of course the knife cuts both ways.

Which one less risk