All that glitters is not Gold

[Runifyouhaveto]

oh...ok...paiseh...

last night down US$30

 

[krafty]

hope the people out there dun gong CB, go and buy gold at this time, cos' all indicators are pointing to buy. sometimes, there are things that indicators can't tell, that's complex human psychology, i am shorting gold...at least to 1234 level.

last night down US$30

 

[Runifyouhaveto]

hope the people out there dun gong CB, go and buy gold at this time, cos' all indicators are pointing to buy. sometimes, there are things that indicators can't tell, that's complex human psychology, i am shorting gold...at least to 1234 level.

What instrument are u using? Gold options or Gold CFDs?

Here's the difference.
Paper Gold Derivatives - Naked Sellers must buy back to square positions or use some money to maintain positions (time-decay).
Physical Gold - Sellers just offload and walk away.

 

[krafty]

gold spot...:o

What instrument are u using? Gold options or Gold CFDs?

Here's the difference.
Paper Gold Derivatives - Naked Sellers must buy back to square positions or use some money to maintain positions (time-decay).
Physical Gold - Sellers just offload and walk away.

 

[lifeafter41]

What instrument are u using? Gold options or Gold CFDs?

Here's the difference.
Paper Gold Derivatives - Naked Sellers must buy back to square positions or use some money to maintain positions (time-decay).
Physical Gold - Sellers just offload and walk away.

Understand that buying from UOB, there is no GST.
Where if you buy from pawnshop (XXXXmax or others), goldsmiths, GST is payable

7% can be quite a lot, if you buy 100g type or more.
Wonder if you sell back to them, if GST is also chargeable.

 

[Cerebral]

Gold may trade lower on weak physical demand
http://www.moneycontrol.com/news/brokerage-recos-commodities/gold-may-trade-lowerweak-physical-demand-angel_1092542.html
Report from the World Gold Council said last week that consumer gold demand in the world's biggest buyer China fell 18 percent to 263.2 tonnes, with Chinese demand for gold coins and bars down 55 percent in the first quarter, offset only partially by a 10 percent rise in jewellery off take. Indian consumer demand was down by just over a quarter to 190.3 tonnes, although a drop in sales from bullion-backed investment funds kept overall demand steady.

................India used to be the world's largest gold importer. (now China) Indians getting more optimistic about their rupee after the elections. In fact, hot money pouring into India, the brightest star among BRICS now.

Could this be from China's anti-corruption drive?

 

[Runifyouhaveto]

Understand that buying from UOB, there is no GST.
Where if you buy from pawnshop (XXXXmax or others), goldsmiths, GST is payable

7% can be quite a lot, if you buy 100g type or more.
Wonder if you sell back to them, if GST is also chargeable.

Sir, there are many place to buy physical gold
- UOB (bestest in my opinion)
- middlemen - less transparent trading practices
- gold jewellery - higher price

There is no GST so long it is investment grade 999 gold in coin/bars of brands eg. PAMP gold, credit suisse (i think, no longer in production)
there is no GST, EVEN if you buy from jewellers, not applicable for 999 jewellery.

Please read "Definition of investment precious metals (IPM)"
https://www.iras.gov.sg/irashome/gst-exemptsupplies.aspx#budget_2012

UOB is the most reliable and they have been in this business for years. I heard stories of UOB physical gold being snatched up by investors from China and Indonesia on several occasions in the recent years.

Some reminders: always keep the receipts. Now many middlemen or UOB will only buy back from you if you produce past-receipts, some will charge you maximum buy-sell spread when you offload to them if you cannot produce past-receipts. In my earlier example, $100 is $100 to DBS or OCBC but bear in mind physical gold is not valued like money, an ounce from A is not the same as an ounce from B.

Physical gold market is not liquid unless you are dealing with UOB and sometimes the spreads are ridiculous with middlemen.
SPDR ETF and gold saving accounts from UOB or BOC usually incurs some small costs for maintaining the account.
Leveraged Paper gold financial products such as futures, options, CFDs incurs large time-decay costs and not suitable for long-term investors.

 

[Runifyouhaveto]

Could this be from China's anti-corruption drive?

I read that it is just due to investment demand.

Net imports totaled 65.4 metric tons last month, compared with 80.6 tons in March and 75.9 tons a year ago, according to calculations by Bloomberg News based on data from the Hong Kong Census and Statistics Department yesterday.

http://www.bloomberg.com/news/2014-...-imports-drop-on-lower-investment-demand.html
Eg. gold price has been dropping, so there is a little selling pressure.

 

[Runifyouhaveto]

Today is an interesting case-study. There's a saying, when the chinese are closed for holidays, gold/silver prices are usually weaker.

Today is the Dragon Boat Festival, so chinese markets are closed. Gold n Silver are trading appx down 0.4-0.8% in morning.


http://uk.reuters.com/article/2014/06/02/markets-precious-idUKL3N0OJ02Z20140602
* Hedge funds and money managers cut their bullish bets in gold futures and options in the latest week to their lowest
level in nearly four months, according to data from the Commodity Futures Trading Commission on Friday.
* U.S. gold coin sales in May fell slightly from a month earlier amid lacklustre retail buying interest, U.S. Mint data
showed, although dealers expect this week's drop in spot prices to spur some bargain hunting by collectors.
* The U.S. Mint said it will cease rationing its popular American Eagle silver bullion investment coins, as retail investment demand has waned.
* Gold premiums in India almost halved last week on hopes the new government would ease restrictions on imports of the precious metal, while demand in the rest of Asia failed to pick up despite a drop in prices.
* Key physical markets of Hong Kong and China are shut on Monday for a public holiday.

 

[escher]

This poor loser is here trying to comfort himself with his fake financial expertise..... Poor loser. Winners are too busy to brag and give free money advice here. Just let blow ...

He is much better than that fuckturd hk14k with his chanting of his Rolek numbers and his proclamations that chanting those numbers got himself invited into yacht clubs by people
impressed by his chanting of Rolek numbers like some kind of fucking mantra.

I wear my Rolex, my friends wear their Rolex, and we never talk of that or any numbers unless thats the year the wine got bottled.

I belong to enough clubs that I no hui about clubs anymore.

 

[Runifyouhaveto]

Air intelligence officials on Monday detained a male passenger who arrived by a Tiger Airways flight from Singapore last night after he was found carrying gold bars by hiding them in a drilling machine.

http://timesofindia.indiatimes.com/...-smuggling-gold-bars/articleshow/36330953.cms

 

[lifeafter41]

Air intelligence officials on Monday detained a male passenger who arrived by a Tiger Airways flight from Singapore last night after he was found carrying gold bars by hiding them in a drilling machine.

http://timesofindia.indiatimes.com/...-smuggling-gold-bars/articleshow/36330953.cms

Hi Run,

Just saw this article below, sounds like "pao chiak". What do you think?

Sunday, June 8, 2014
QUEST PORTFOLIO

I'm going to restart the quest portfolio as I think the bear market (and probably the manipulation) in the precious metals has now come to an end. I'm going to extend a one time offer with a money back guarantee. If on the first trade we don't double our money I'll refund the purchase price of the subscription.

That's right your risk is only the amount of capital you place on the initial trade. Now here are the conditions for participation. The quest portfolio is going to start with an initial investment of $1000 with an investment goal of turning that $1000 into $100,000 over the course of the next 1-2 years. If you don't wish to risk $1000 you can always start smaller, but no one can use more than $1000 on the initial trade. With the performance guarantee your risk is only the amount you place on the first trade. If you risk the full $1000 that is your total risk as your subscription fee is guaranteed and will be refunded if the first trade doesn't at least double.

A strict limit of no more than $1000 for the initial trade is mandatory for several reasons. First, depending on how many people decide to partake in the quest portfolio I don't want to spike the options market. So we have to limit the initial trade to no more than $1000 for each trader.

Second there is serious risk that the quest portfolio will not make it to $100,000 (although there's nothing stopping anyone from exiting at anytime you feel like you've made "enough") During the last Quest when the portfolio was up 1000% I advised everyone that it might not be a bad idea to take their profits at that point and walk away as I had a feeling the manipulation was going to return in the metals, and if it did it would be very hard to continue the winning streak. Needless to say that was a prophetic call, and those that took the money and ran turned a $300 initial investment into $3000.

If the first trade is a winner and we at least double the portfolio to $2000 then you can take your original investment and profits and exit at that point at break even if you desire. If you decide to continue and see if we can reach the goal you should still remove your first $1000 and put it back in your pocket so that the purchase price of the subscription is paid for.

Next let me stress that this is not a strategy where one can go all in. There is going to be no risk control with the quest portfolio. We are either going to turn $1000 into $100,000 or the portfolio is going to go bust. It's up to you to remove your original investment once we are into profits and then decide how far you want to go. It's entirely possible that we could make it to $10,000 or even $50,000 and then go to 0 on the next trade. As long as you pulled your original investment out then you would have lost nothing (although it will be incredibly frustrating to get that close and then have to start all over. I can envision a lot of hair being pulled out if that where to occur.)

The price of admission to the quest portfolio is $1000. All AP subscribers will automatically get quest updates.

All subscriptions have to be bought and paid for before the market opens on Monday as once the first trade is placed no more subscriptions will be sold.

Trade alerts will be emailed and a text alert will be sent. If you aren’t going to be able to respond to a trade alert immediately during the day then you might not want to participate as it will be impossible to track the portfolio if you can’t place a trade immediately when it is signaled.

Again let me reiterate that your total risk is the amount you place on the first trade which can not exceed $1000. Your $1000 subscription price is guaranteed and will be refunded if the first trade doesn't at least profit 100%. If you can not afford to risk $1000 on the first trade then either risk a smaller amount or don't participate in the quest. Let me stress again there will be no risk control with the quest. It is going to be an all or nothing strategy. This is not an acceptable strategy to risk your life savings on as the risk of loosing everything is too high. It is an acceptable strategy to risk $1000 or less on but that is the maximum.

 

[krafty]

i think i should do the same, collect 1k from each from a crowd and use it to gamble at the roulette in the casino. sounds similar, right...?

 

[Runifyouhaveto]

i think i should do the same, collect 1k from each from a crowd and use it to gamble at the roulette in the casino. sounds similar, right...?

Well said Dear Leader.

Thank you lifeafter41 for sharing but if you like such speculation concepts, i would like to share with you another of those sure-bust HYIP schemes:

- You can chip $$$ into a HYIP fund, any amount, as low as $1.
- The fundmanager explicitly assures you the fund will go bust one day. You are safe as long as you cash-out before that day.
- The fundmanager uses your money to invest in stock market futures n options or other forms of speculation, including gambling. Such speculation bets give high returns for small capital but risks losing it all (funds go bust).
- The fundmanager makes payout, as often as a few % daily so long they are profitable.
- In a way, u let people bet for you. No crybabies allowed, you are already warned that the fund will go bust eventually. In fact there are some sites that monitors the lifespan of such HYIP funds.
eg. http://www.goldpoll.com/

Effectively they are not scamming you because they told you it is an outright gambling fund or ponzi scheme. This is a terrible example of investing or speculation. PLEASE DO NOT TRY.

But like wat Dear Leader said, we should aim to be the fundmanager, not investor.

 

[da dick]

commodities is never investment grade. never have been in hundreds of years. overall, ALL commodities have been losing their value when taking into account inflation.

there really is no way any commodity can increase in value over time UNLESS , for example, all the crude oil got mined until there's confirmed no more oil, and they NEVER create a technology that can produce oil or oil-like substance to replace it. supply and demand will always balance the value of a commodity(eventually), and most commodities now can be reproduced or at least find new sources to mine. and because they are commodities, things that are usually necessary or important for any economy, forces outside the market will always make the prices to be as low as possible to facilitate the constant flow of commodities/resources. commodities are like water, nobody can speculate or regularly increase their value until they 're eventually worth as much as apple stocks or whatever. it's just fundamentally impossible!!

they're only good for shorting and gambling.

 

[krafty]

wanna buy gold from UOB?

https://uniservices1.uobgroup.com/s...r_prices.jsp?s_pid=HOME201205_eg_quicklnk_ql8

dun be a gong cb, wait...

 

[SgGoneWrong]

wanna buy gold from UOB?

https://uniservices1.uobgroup.com/s...r_prices.jsp?s_pid=HOME201205_eg_quicklnk_ql8

dun be a gong cb, wait...

Why buy gold and not blue chips when market tanks?

 

[krafty]

gold is a better hedge if there is a meltdown.

Why buy gold and not blue chips when market tanks?

 

[Runifyouhaveto]

gold is a better hedge if there is a meltdown.

Dear Leader, u still shorting gold until 1234 is breached?

 

[krafty]

yes, what is your opinion?:o

i know a lot of people are hedging gold since mario draghi cut interest rate.

Dear Leader, u still shorting gold until 1234 is breached?