News: Gold price to hit US$1,8000 in a year

1 person likes this.

6 comment(s). Last comment by Gabriel Khoo 2012-10-11 18:57

KC Loh

13,701 posts

Posted by KC Loh > 2012-10-10 16:10 | Report Abuse

frenzied push, not worth it weight in ..er.. "gold"! LOL

gold is to hold, but will not generate anything in returns (which Buffett is right here i believe). How it became a tradable commodity and to such crazy price today is beyond me! people hold gold to hedge against deflation, but somehow it has morphed into a hot trading commodity! going on to its 12th-year uninterrupted climb now!

Jonathan Keung

4,285 posts

Posted by Jonathan Keung > 2012-10-10 16:16 | Report Abuse

to much paper money being printed. we have QE1, QE2, QE3 (now) the flat currency minted by the central banks is staggering

passerby

2,877 posts

Posted by passerby > 2012-10-10 16:17 | Report Abuse

gold bug gold bugs spotted here

Hustle

3,615 posts

Posted by Hustle > 2012-10-11 10:00 | Report Abuse

No wonder BNM do the raid,Ali Baba is coming to explore the cave

Raymond Tiruchelvam

544 posts

Posted by Raymond Tiruchelvam > 2012-10-11 18:29 | Report Abuse

...sometimes we forget gold is physical, whereas shares is just paper... so which do u think u want to hold?

Gabriel Khoo

959 posts

Posted by Gabriel Khoo > 2012-10-11 18:57 | Report Abuse

Kc. I agreed with u

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