Europeans could be rushing to buy gold because their bank don't give interest for savings but charged money for savings in the bank. In the midst of rising inflation why put money in the bank? Might as well buy gold to hedge against inflation and a good store of value. There could be even worse inflation in Europe. The impact could be felt even worse in coming months.
I hope Russia brave enough to do a gold backed currency. Don't have to be fully backed, partially backed can do. I think gold backed currency is good for US too. It will make US policy maker more responsible before things become unsustainable and things suddenly collapsed.
My remisier told US want to raise interest rate earlier than expected and Supermax Canada order cancelled. I sold first hoping to catch a cheaper price but if cannot catch cheaper price , it still going up and up, then my luck.
I never made any money before on Top Glove or any other big glove stock. I missed the opportunity in 2020. When I want to buy it was high already and I thought won't go much higher but it went higher and higher. But I manage to make on Hlt. I bought at 95 sen hold for two weeks sold for 2.99. It is one of those stock that I got lucky. I saw on TV reporting if someone bought only one stock of Top Glove for 2 ringgit at forgot which year. With just the one stock bought at 2 ringgit can become a millionaire. I was thinking this is like Public Bank kind of stock. In our stock market very few stock can be like Public Bank kind of stock.
My mum bought this stock about more than ten years ago at 40 sen. Now drop to 20 over sen. This stock is like not a good stock to make money. My remisier told me Berjaya related stocks nobody want. Can people enlighten me about this? What is bad about Berjaya related stock?