Huat Arh!!! Gold prices collapse!!

[xpo2015]

Who is still holding Gold?

 

[virus]

me... if it fall further i will buy.

chirp chirp bye... chow cheesepie. song boh?

 

[Sinkie]

me... if it fall further i will buy.

Averaging down?

 

[Rogue Trader]

My shirt on discount now naa ....

 

[virus]

there's no need to average. on the long term, the US$ will fall. just need the trigger to rock the boat. like the old fart demise it will not be long.

 

[Asylum]

I am hoarding gold.

 

[Devil Within]

No big deal. It's just a correction. Will buy some more if it gets to below 900.

 

[zhihau]

I only buy silver

 

[takashi]

Who is still holding Gold?

Me, but it's physical gold.

 

[takashi]

I only buy silver

Me too, but it's unallocated silver, e.g.:
UOB Gold & Silver

 

[komoD]

Not enough money to buy such stuff.

 

[takashi]

on the long term, the US$ will fall.

Yes, and some experts even say that the USD might fall against gold and silver, while rising against other currencies!

 

[takashi]

me... if it fall further i will buy.

No big deal. It's just a correction. Will buy some more if it gets to below 900.

Below 900?
Unlikely it will even drop below 1,000.
So 1,100+ is a good chance to at least nibble, if you can afford it.
The super-rich certainly have gold holdings, and not only do they want their gold to stay above 1k, they would also want it to eventually break above 2k!

 

[Reddog]

Who is still holding Gold?

No harm holding gold lah. Especially when you bought them at around USD300 per ounce. Hee Hee

 

[shctaw]

You talking about paper gold.

I am holding physical gold. Both inside and outside Singapore.

I bought Gold at $450/ounce...... what is your worry?

 

[Cerebral]

Me, but it's physical gold.

Selling the physical gold will be a problem. You can't really walk into a bank and say you want to sell because banks will not sell gold not sold by them

 

[takashi]

Selling the physical gold will be a problem. You can't really walk into a bank and say you want to sell because banks will not sell gold not sold by them

During the run-up towards 5k, or even 10k, after breaking above 2k, there will be buyers DESPERATE to buy from precious metals dealers, and even pawnshops.
So I simply have to sell to those shops, who would want to buy from me in order to sell to other customers at a profit.

 

[eatshitndie]

During the run-up towards 5k, or even 10k, after breaking above 2k, there will be buyers DESPERATE to buy from precious metals dealers, and even pawnshops.
So I simply have to sell to those shops, who would want to buy from me in order to sell to other customers.

just hold them in a safe. when sg is sinking, or when you need to jump in a boat or plane trying to get out after the oppo has taken over and the cuntry has gone to the dogs, you need real gold pieces to buy a seat.

 

[takashi]

just hold them in a safe. when sg is sinking, or when you need to jump in a boat or plane trying to get out after the oppo has taken over and the cuntry has gone to the dogs, you need real gold pieces to buy a seat.

To be honest, I have no intention of ever selling.
I was just trying to explain how I would sell or who to sell to, IF I wanted to sell.

 

[Thick Face Black Heart]

I only buy silver

Speech is silver; silence golden :-) :-)