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Tiagong, many Ah Tiong rushing to hoot Gold despite economic slowdown, why hah?

blackmondy

Alfrescian (Inf)
Asset
I'd like to ask some questions regarding buying gold:

1. How do you know the gold is truly yours?
2. Can you physically see the gold you buy? Can you demand to see them?
3. How do you know the gold is pure gold with no impurities?
4. Who determine the gold that you buy is genuine?
5. Who determines the intrinsic value of the gold?

Any financial guru here care to enlighten this ignorant seamster?
 

ChiKopPow

Alfrescian (Inf)
Asset
Few months back, hearsay Sinkie cheng hu also buying up a lot of kim (paper or physical, I don't know). :whistling::biggrin:
 

k1976

Alfrescian
Loyal
I'd like to ask some questions regarding buying gold:

1. How do you know the gold is truly yours?
2. Can you physically see the gold you buy? Can you demand to see them?
3. How do you know the gold is pure gold with no impurities?
4. Who determine the gold that you buy is genuine?
5. Who determines the intrinsic value of the gold?

Any financial guru here care to enlighten this ignorant seamster?
Why u buy something u cannot see?
 

k1976

Alfrescian
Loyal
I'd like to ask some questions regarding buying gold:

1. How do you know the gold is truly yours?
2. Can you physically see the gold you buy? Can you demand to see them?
3. How do you know the gold is pure gold with no impurities?
4. Who determine the gold that you buy is genuine?
5. Who determines the intrinsic value of the gold?

Any financial guru here care to enlighten this ignorant seamster?
Just like u go bank to deposit your monies...

Who determine the value of your fiat paper?
 

blackmondy

Alfrescian (Inf)
Asset
Few months back, hearsay Sinkie cheng hu also buying up a lot of kim (paper or physical, I don't know). :whistling::biggrin:
We also buy a lot of paper gold during Qing Ming. Does that count as investment or not ? :roflmao::tongue:

O1CN01GxA7Vo1I6aoIJUuTP_!!49960844.jpg
 

ChinaCommunistSG

Alfrescian
Loyal
I'd like to ask some questions regarding buying gold:

1. How do you know the gold is truly yours?
2. Can you physically see the gold you buy? Can you demand to see them?
3. How do you know the gold is pure gold with no impurities?
4. Who determine the gold that you buy is genuine?
5. Who determines the intrinsic value of the gold?

Any financial guru here care to enlighten this ignorant seamster?
You can if u buy physical gold bar or gold nugget
 

superpower

Alfrescian
Loyal
Just like u go bank to deposit your monies...

Who determine the value of your fiat paper?
Buy physical gold from banks like UOB. You can sell it back to the bank if you need to liquidate.
In the long term, gold is still the best hedge against inflation and falling equity markets.
 
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