noobcarbuyer 5th Gear August 6, 2020 Share August 6, 2020 Those who bought gold in 2011 just broke even. ↡ Advertisement 1 1 Link to post Share on other sites More sharing options...
Yewheng Twincharged August 6, 2020 Share August 6, 2020 (edited) 31 minutes ago, noobcarbuyer said: Those who bought gold in 2011 just broke even. Why don't you say let's compare to those bought gold at 2013? 2016? 2018? In fact if you look at what's happening now, America now very unstable, fed will continue to print money, plus this recession is still at the beginning.. So gold still have long way to go up. Maybe by next week gold could hit 2.1k with no problem, it already hit 2060.. It just rise crazy fast where last week is 1.9k, this week is 2k. Edited August 6, 2020 by Yewheng Link to post Share on other sites More sharing options...
Yewheng Twincharged August 6, 2020 Share August 6, 2020 https://www.straitstimes.com/world/united-states/us-moves-to-cut-china-out-of-its-telecom-internet-landscape?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook#Echobox=1596727323 Also by reading this news.. How gold price not continue to go up? Saw many comments on Facebook praising good job America. Say America until so good get rid of China copying and security concern. These people just do not understand that now America is accelerating themselves towards currency crisis. Expect gold to continue to climb way much higher. Link to post Share on other sites More sharing options...
Albeniz Turbocharged August 7, 2020 Share August 7, 2020 What I observed. My very over-simplistic view: 1. US jobless rate, economy data, poor handling of pandemic, unlimited QE -> US dollar drops 2. When USD drop, money flocks to safer havens->Swiss CHF rises despite of negative interests. 3. Gold prices also increases-> AUD (gold producing country) also strengthens. NZD also strengthens as AUD and NZD are twin brothers. 4. Alternative currencies to USD (euros and GBP) also rise whenever USD drops. Euros and GBP are ridiculously high now, despite the pandemic and Brexit. Not that Europe is performing well, but more because USA is performing much much worse. 5. Now, SG Dollar sibei chum. Anyone wants to add on? 1 1 Link to post Share on other sites More sharing options...
Yewheng Twincharged August 7, 2020 Share August 7, 2020 37 minutes ago, Albeniz said: What I observed. My very over-simplistic view: 1. US jobless rate, economy data, poor handling of pandemic, unlimited QE -> US dollar drops 2. When USD drop, money flocks to safer havens->Swiss CHF rises despite of negative interests. 3. Gold prices also increases-> AUD (gold producing country) also strengthens. NZD also strengthens as AUD and NZD are twin brothers. 4. Alternative currencies to USD (euros and GBP) also rise whenever USD drops. Euros and GBP are ridiculously high now, despite the pandemic and Brexit. Not that Europe is performing well, but more because USA is performing much much worse. 5. Now, SG Dollar sibei chum. Anyone wants to add on? You forget to add silver.. Silver also rise very fast.. Got hit $30 dollars lao hor.. Now dropped below 30.. But will very fast rise back up and even higher.. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 9, 2020 Share August 9, 2020 (edited) On 8/6/2020 at 8:53 PM, noobcarbuyer said: Those who bought gold in 2011 just broke even. Wahahahaha And those who bought solid gold Rolex, doubled their money Edited August 9, 2020 by Throttle2 Link to post Share on other sites More sharing options...
Yewheng Twincharged August 9, 2020 Share August 9, 2020 This is worth of watch.. He predict that China will be taking over the reserve currency. Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 9, 2020 Share August 9, 2020 33 minutes ago, Yewheng said: This is worth of watch.. He predict that China will be taking over the reserve currency. Well its not unimaginable in the decades to come Link to post Share on other sites More sharing options...
Yewheng Twincharged August 9, 2020 Share August 9, 2020 (edited) 17 minutes ago, Throttle2 said: Well its not unimaginable in the decades to come Interestingly I Google searched China gold reserve and singapore gold reserve.. The top result.. https://tradingeconomics.com/china/gold-reserves#:~:text=Gold Reserves in China averaged,the second quarter of 2000. https://tradingeconomics.com/singapore/gold-reserves China had been actively buying gold.. Where in Singapore it seems like we had neglected buying gold and hold the same amount of gold for past 10 yrs. Look at China gold reserve.. Now at record high.. And also in that YouTube video.. He mentioned.. China gold exchange.. A quick Google search.. http://www.marketswiki.com/wiki/Shanghai_Gold_Exchange#:~:text=Shanghai Gold Exchange (SGE) is,platinum and other precious metals. So yeah.. China had been preparing for the usd currency crisis to be coming as it is unavoidable.. Edited August 9, 2020 by Yewheng 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 13, 2020 Share August 13, 2020 Tiagong gold start to thng kor liao 1 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator August 13, 2020 Author Share August 13, 2020 50 minutes ago, Mustank said: Tiagong gold start to thng kor liao what is thng kor? hahah. Link to post Share on other sites More sharing options...
Yewheng Twincharged August 13, 2020 Share August 13, 2020 1 hour ago, Mustank said: Tiagong gold start to thng kor liao No la.. The drop is due to news of Russia say they developed covid-19 vaccine.. So it is temporarily.. The fundementals is still money printing the cause. So expect gold to go back up to 2k and more again.. 2 Link to post Share on other sites More sharing options...
t0y0ta Supercharged August 13, 2020 Share August 13, 2020 On 8/6/2020 at 8:53 PM, noobcarbuyer said: Those who bought gold in 2011 just broke even. I bought gold during the 1st fall in 2012. Took 8 years to break even also. For those we think gold will go up forever.... there is no forever for anything 2 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 13, 2020 Share August 13, 2020 1 hour ago, kobayashiGT said: what is thng kor? hahah. Thng kor means take off trousers Means bad news 2 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator August 13, 2020 Author Share August 13, 2020 2 hours ago, Mustank said: Thng kor means take off trousers Means bad news Oh. pull down your pants! hahhaha. In the past, i cannot afford gold. now also cannot afford gold. so nothing changes for me. 😂 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 13, 2020 Share August 13, 2020 12 minutes ago, kobayashiGT said: Oh. pull down your pants! hahhaha. In the past, i cannot afford gold. now also cannot afford gold. so nothing changes for me. 😂 Don’t anyhow anyhow pull pants down ah 3 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator August 13, 2020 Author Share August 13, 2020 2 hours ago, Mustank said: Don’t anyhow anyhow pull pants down ah My fav activity leh. hahahha. 1 Link to post Share on other sites More sharing options...
Yewheng Twincharged August 15, 2020 Share August 15, 2020 https://www.bloomberg.com/news/articles/2020-08-14/berkshire-adds-barrick-gold-exits-delta-air-lines-13f?utm_medium=social&utm_source=facebook&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_content=business Warren buffet now also go into gold lao.. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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