TRADEPLUS SHARIAH GOLD TRACKER

KLSE (MYR): GOLDETF (0828EA)

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Last Price

3.50

Today's Change

+0.03 (0.86%)

Day's Change

3.47 - 3.50

Trading Volume

2,400


2 people like this.

396 comment(s). Last comment by masterus 1 day ago

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

Gold and silver have unique properties that make them an attractive asset for managing long-term wealth across generations.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

It’s a long-term store of value. You should have at least 10% of your portfolio in gold.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

Gold is one of the best-performing asset classes, if not the best, in the last 50 years.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

Between 1971 and 2022, gold had average annual returns of 7.78%.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300%.”

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

Gold is a good inflation hedge over the long run.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

When it comes to passing down wealth to future generations, physical assets like gold and silver have unique advantages. They are easily transferable stores of value with no account paperwork required.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

Gold’s intrinsic value holds up even when wars, conflicts, and crises are causing fear and uncertainty.

ahbah

6,059 posts

Posted by ahbah > 1 month ago | Report Abuse

😴

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

Gold is not expensive. The truth is that the U.S. dollar is cheap as the government floods the global economy with it.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

Gold smells a massive money-printing program coming at some point. In fact, low-grade money printing has already occurred.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

This is only the start of the gold rally.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

The mining sector, while off its lows is still significantly undervalued compared to gold prices.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

The time to sell is when everyone is talking about gold and the miners are taking off,

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

Central banks' accumulation of gold continues to provide solid support for gold prices.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

World Bank reveals central banks are dumping greenbacks for gold. So, no wori about your gold purchases lah.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

A growing trend among central banks to reduce their holdings of U.S. Treasuries while simultaneously increasing the percentage of their reserves allocated to gold.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

The role of gold as a reserve asset for central banks has been a significant driver of demand for the precious metal.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

Central banks in 2022 were also more optimistic on gold as a reserve asset, with 61 percent of respondents stating that they expect global gold reserves to increase over the next 12 months.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

The largest increases in gold holdings by central banks often occur when the banks anticipate or face financial sanctions.

ahbah

6,059 posts

Posted by ahbah > 4 weeks ago | Report Abuse

Gold is a physical asset that can be stored domestically and cannot be frozen by sanctions, unlike foreign exchange reserves, which can be frozen by sanctions.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold prices extended their rally and scaled to another record high Monday, propelled by U.S. interest rate cut expectations and the metal's appeal as a safe haven asset.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Market watchers are expecting the U.S. Federal Reserve to cut rates in May or June.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold prices tend to share an inverse relationship with interest rates.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

China is the leading driver for both consumer demand and central bank gold purchases.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

FED is expected to cut rates 3 times this year.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

The gold rally so far has been fueled by robust purchases from the world's central banks in a bid to diversify reserve portfolios due to geopolitical risks, domestic inflation and the U.S. dollar's weakness.

speakup

25,079 posts

Posted by speakup > 3 weeks ago | Report Abuse

Ppl don't trust paper money anymore. Ppl trust Gold

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold’s long-term return is comparable to equities and higher than bonds. Gold has also outperformed many other major asset classes over the past 3, 5, 10 and 20 years.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Since 1971 gold has outpaced the US and world consumer price indices (CPI).

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold also protects investors against high inflation.

In years when inflation was between 2%-5%, gold’s price increased 8% per year on average.”

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Over the long term, gold has not just preserved capital but also helped it grow,

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold should do well in periods of deflation. Such periods are characterized by low interest rates, reduced consumption and investment, and financial stress, all of which tend to foster gold demand.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Since the gold standard was removed from backing the U.S. dollar, “gold has significantly outperformed all major currencies and commodities as a means of exchange.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold has clearly continued to outperform most major currencies in the more recent past.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold mine production has grown slowly over time – increasing by approximately 1.7% per year over the past 20 years,

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Fiat money can be printed in UNLIMITED quantities to support monetary policy, as exemplified by the quantitative easing measures in the aftermath of the Global Financial Crisis (GFC) and the COVID-19 pandemic.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

In crises, many investors turned to gold in order to hedge themselves against currency devaluation and preserve their purchasing power over time.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold is a great tool for diversification as its NEGATIVE correlation to equities and other risk assets increases as these assets sell-off.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold held its own and increased in price, rising 21% in US dollars from December 2007 to February 2009 (global financial crisis) while equities, other risk assets, hedge funds, real estate, and most commodities tumbled in value.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Paper money is created from nothing ! As such there is only NOTHING for us to trust ! 😁😁

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

It makes sense to hold up to 20% of your portfolio in gold.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

It's only a matter of time before investors embrace gold as a safe-haven asset as global economic uncertainty drives market volatility higher.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Over time, gold can help to enhance the returns of a properly balanced portfolio. And whether gold is going up, down, or sideways, it will also help reduce the volatility of your portfolio.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold is definitely an important core piece of any properly balanced investment portfolio.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

FED's tightening cycle is over, and even if they don’t cut interest rates three times this year, gold should continue to benefit.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

Gold is well supported as a geopolitical risk hedge.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

If the Fed starts cutting rates, bond yields will fall, which makes gold a more attractive safe-haven.

ahbah

6,059 posts

Posted by ahbah > 3 weeks ago | Report Abuse

The U.S. dollar is losing its grip on the gold market as U.S. government debt continues to spiral higher.

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