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2 days ago | Report Abuse
π΄ still sleeping in super deep coma !
2 days ago | Report Abuse
According to the World Gold Councilβs 2023 survey, 24% of central banks intend to increase their gold reserves in the next 12 months. This reflects a favorable view of gold as an important component of central bank reserves due to its safety, liquidity, and return characteristics1. Additionally, central banks globally have been accumulating gold reserves at a pace not seen since 1967, indicating a renewed interest in this precious metal.
2 days ago | Report Abuse
As of March 2024, Chinaβs gold reserves stand at approximately 2,257 metric tons1. While this makes China one of the largest holders of gold among central banks, its 4% allocation of gold relative to its total reserves is still below the threshold maintained by central banks in developed countries2.
For context, letβs explore the gold reserves of a few other nations:
United States: The U.S. holds the largest gold reserves globally, with 8,133 metric tons. This constitutes approximately 76% of its foreign reserves3.
Germany: Germany has the second-largest gold reserves, totaling 3,362 metric tons. Gold accounts for about 73% of its foreign reserves.
Italy: Italy holds 2,451 metric tons of gold, representing around 71% of its foreign reserves.
India: Indiaβs gold reserves amount to 846 metric tons, making up approximately 7% of its foreign reserves.
Netherlands: The Netherlands holds 801 metric tons of gold, constituting about 62% of its foreign reserves.
In summary, while Chinaβs gold reserves are substantial, it remains prudent to consider the allocation strategies of other nations when assessing its position in the global gold market.
5 days ago | Report Abuse
Bull run oredi got started about 10 months ago lah, U still no got see meh ?
1 week ago | Report Abuse
Got casinos in the Middle East ?
1 week ago | Report Abuse
Be gridi when others are fearful ?
1 week ago | Report Abuse
How to go to US to boycott them ?
Please no boycott our own Malaysian companies to destroy our national economy. Thanks.
1 week ago | Report Abuse
I also takut lah.
2 weeks ago | Report Abuse
The trend is UP ! πππ
3 weeks ago | Report Abuse
Just buy some gold as insurance against political uncertainties, please. Thanks. πππ
3 weeks ago | Report Abuse
Be gridi when others are fearful ! πππ
3 weeks ago | Report Abuse
Mat Salleh cabut, why ?
3 weeks ago | Report Abuse
Please ignore all unknown calls however sweet they may be. Thanks. π₯π₯π₯
3 weeks ago | Report Abuse
The only suitable action is to protect our wealth in financial assets with a meaningful allocation to gold.
3 weeks ago | Report Abuse
We have a global financial system that is pretty much broken beyond repair. It's staggering along right now but it's only a matter of time before something crashes, somewhere.
3 weeks ago | Report Abuse
As various Western economies β including the USA, UK, Eurozone and Japan β have been printing more money to cope with one financial crisis after another, there has been a growing concern among investors that fiat currencies are literally not worth the paper they're printed on. This has pushed more and more individuals and institutions towards gold, silver and other money metals.
3 weeks ago | Report Abuse
Many gold investors are expecting exponential increases in value in the medium to long-term as individuals, institutions and countries look for assets that give them security in an insecure world.
3 weeks ago | Report Abuse
This is the most popular quarter for gold since Q4 2020.
3 weeks ago | Report Abuse
If Β Google searches are to be believed, weβre in a new gold rush β and itβs a global one. According to investment platform Hargreaves Lansdown, There were 271,500 Google searches for βgoldβ in the first three months of the year.
3 weeks ago | Report Abuse
The Peopleβs Bank of China has been on a buying spree for 17 straight months, its longest-ever run of purchases, as it looks to diversify its reserves away from the dollar and hedge against currency depreciation.
3 weeks ago | Report Abuse
Chinaβs gold jewellery demand rose 10 per cent while Indiaβs fell 6 per cent. Chinese bar and coin investments, meanwhile, surged 28 per cent.
3 weeks ago | Report Abuse
The premium paid by Chinese importers jumped to US$89 an ounce at the start of April, compared with US$35 over the past year and the historical average of US$7.
3 weeks ago | Report Abuse
The surge in price hasnβt deterred the demand in Vietnam, driving local premium over the international rate to as much as 15 million dong ($590) per tael earlier this year.
3 weeks ago | Report Abuse
Poh Kong is now on a SOLID UPTREND ! Just buy some and ride on the solid uptrend$$$ ! π€π
3 weeks ago | Report Abuse
Investors should make gold a core component of their portfolio because gold has historically offered improved risk-adjusted returns.
3 weeks ago | Report Abuse
Western investors are still on the sidelines. When these investors come back, thatβs when the gold rally is going to accelerate.
3 weeks ago | Report Abuse
Gold historically does well during inflationary periods.
3 weeks ago | Report Abuse
Heightened geopolitical risk has always been and continues to be supportive of gold.
3 weeks ago | Report Abuse
The price of gold is up 15% this year to a recent $2,409, and has gained 22% since the Federal Reserve began raising interest rates in March 2022.
3 weeks ago | Report Abuse
Poh Kong ... BUY some if U could. π€π€π€
3 weeks ago | Report Abuse
Since [the] 2000s, the average return [on] gold in any currency is somewhere between 8% and 10% a year.
3 weeks ago | Report Abuse
Gold is the only asset which every central bank owns.
3 weeks ago | Report Abuse
Moni n food veri much needed during wartime lah. πππ
3 weeks ago | Report Abuse
U got add water or minyak to your moni and eat them after gorenging them ?
3 weeks ago | Report Abuse
Gold is real moni. Nobody eat moni lah !
3 weeks ago | Report Abuse
Holding cash also no use bcos its purchasing power can be melted away when holding it. Cash is buying lesser or smaller amount of foods or goods as time goes by lah bcos of inflation. π₯π₯π₯
3 weeks ago | Report Abuse
Physical gold is a sure winner on a long term basis, 100% safe and sound !!! π€π€π€
3 weeks ago | Report Abuse
Korrect, must hold some gold as insurance now in our current crazy world !!!
Just buy any gold stk U like now. πππ
3 weeks ago | Report Abuse
Buy gold, veri safe. Long term basis, guaranti to go UP, cannot go down to ziro ?
Gold ... guaranti long term winner, 100% certainty !!! also with 100% margin of safety ! πππ
3 weeks ago | Report Abuse
Even our Bursa also got hit with more than 900 cts in the RED now !!! π₯π₯π₯
3 weeks ago | Report Abuse
Not just the retailer panic but the WHOLE WORLD also got panic now !!! π₯π₯π₯
3 weeks ago | Report Abuse
Crude oil ... up more than 2% now !!! πΆπΆπΆ
3 weeks ago | Report Abuse
Just buy some gold stks to protect our portfolio, please. Thanks. π€π€π€
3 weeks ago | Report Abuse
Just buy any gold ctr U like to protect our hard earn moni now against the political problem in Middle East ? πππ
3 weeks ago | Report Abuse
Many people bought gold, as it is the best hedge against inflation.
Blog: Impending huge public sector pay hike gets economists thinking about where the money is coming from
2 days ago | Report Abuse
Printing moni ... now almost obsolete ? Now mainly paperless moni ?
Now is keyboard entry moni into the computer system ?