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Fed rate cuts and friction in the bond market could drive gold prices to $3,000 in the next 12 to 18 months - Bank of America

The Fund aims to provide investors with investment results that closely track the performance of Gold price. A minimum of 95% of its NAV will be invested in physical Gold Bars purchased from LBMA accredited refineries to meet the Fund's objective. For liquidity purposes, the remaining balance of its NAV will be invested in Islamic money market instruments and/or Islamic deposits. The Fund will be passively managed, leaving the Fund to be highly invested at all times, irrespective of the outlook on the underlying asset.

“Five out of six Powell Jackson Hole speeches saw the S&P 500 drop by 7.5% on average in the next three months.”

With gold’s push to record highs above $2,500 an ounce, the precious metal is up roughly 20% in 2024.

In comparison, Bank of America noted that cryptocurrencies have risen 17.7%, stocks have rallied 15.4%, the overall commodity sector is up only 1.9%, government bonds have increased by 0.6%, and the U.S. dollar has gained 0.2% year-to-date.

Gold prices are even outperforming the tech sector, with the Nasdaq Composite Index up 17%.

With gold’s push to record highs above $2,500 an ounce, the precious metal is up roughly 20% in 2024.

Gold's target price = $2600 ... a veri low hanging fruit onli ?

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Kite will onli fly from the ground and then to the sky ? 😁😁😁

Best buying when the price is low ?

Buy low, sell high ... the basic principle of making moni ? 🙂🙂🙂

Be gridi when others are fearful ! 😄😄😄

A Reuters report indicated that the PBoC has allocated new gold import quotas to several commercial banks, anticipating renewed demand despite high prices of gold.

Gold is often viewed as a safe-haven asset and a hedge against various economic risks. Certain economic conditions can make gold particularly attractive for investment. Here’s a breakdown of the key conditions that are generally favorable for gold investment:

1. Inflation:
Rising Inflation: Gold is traditionally considered a hedge against inflation. When inflation is high or accelerating, the purchasing power of fiat currencies decreases, and gold's value often rises as investors seek to preserve their wealth.
2. Economic Uncertainty:
Recessions and Economic Slowdowns: During periods of economic downturns or uncertainty, investors often flock to gold as a safe-haven asset. Gold can provide stability and preserve value when other investments are underperforming.
Geopolitical Risks: Political instability, conflicts, or geopolitical tensions can drive investors to gold, as it is viewed as a stable asset amid uncertainty.
3. Low Interest Rates:
Reduced Opportunity Cost: When interest rates are low, the opportunity cost of holding non-yielding assets like gold decreases. Investors may prefer gold over interest-bearing assets because it doesn’t yield interest but can appreciate in value.
Monetary Policy: Central banks setting low or negative interest rates can make gold more attractive compared to government bonds and savings accounts, which offer lower returns.
4. Currency Weakness:
Weakening of Major Currencies: If major currencies like the U.S. dollar are weakening, gold often gains value as it is priced in those currencies. A weaker dollar, for instance, generally boosts gold prices because it becomes cheaper for holders of other currencies.
5. High Debt Levels:
Government Debt: Elevated national debt levels can lead to concerns about fiscal stability and potential currency devaluation. Gold can be seen as a safe store of value when there are concerns about the long-term sustainability of government finances.
6. Market Volatility:
Stock Market Fluctuations: In times of significant market volatility or declining equity markets, investors might turn to gold to reduce risk and diversify their portfolios.
7. Long-Term Trends:
Bullish Trends: Long-term economic trends such as persistent low interest rates, high debt levels, or ongoing inflationary pressures can create favorable conditions for gold. Investors often look at these broader trends to make long-term investment decisions.
Considerations for Gold Investment:
Diversification: Even if economic conditions are favorable, gold should typically be part of a diversified investment portfolio to manage risk.
Volatility: While gold can be a stable investment in uncertain times, its price can still be volatile in the short term. Investors should be prepared for potential price swings.
Storage and Liquidity: Consider practical aspects like storage and liquidity. Physical gold requires secure storage, while gold ETFs or mining stocks offer more liquidity but come with different risks.
Overall, gold is generally considered a good investment during times of inflation, economic instability, low interest rates, currency weakness, high debt, and market volatility. As always, it's essential to assess individual financial goals, risk tolerance, and investment horizon before making investment decisions.

National debt can indeed pose a risk to the stability and value of a country's currency, though the relationship is complex and influenced by a variety of factors. Here’s how national debt might affect a currency:

1. Inflationary Pressures:
Debt Financing: If a government finances its debt by printing more money, this can lead to inflation. Inflation decreases the purchasing power of a currency, which can weaken it.
Expectations: High levels of debt can raise concerns about potential future inflation, leading to decreased confidence in the currency.
2. Interest Rates:
Higher Rates: Governments with high levels of debt may need to offer higher interest rates to attract investors to buy their bonds. This can make borrowing more expensive for the government and can also affect economic growth.
Monetary Policy: Central banks might need to adjust interest rates in response to high national debt levels, which can impact the currency. For instance, higher interest rates can strengthen a currency by attracting foreign capital, but this can also slow down economic growth.
3. Investor Confidence:
Creditworthiness: High levels of debt can affect a country's credit rating. If investors perceive a higher risk of default, they may demand higher yields on government bonds, which can increase the cost of borrowing and negatively impact the currency.
Market Perception: Persistent high debt levels might lead to a loss of confidence among investors and traders, which can cause the currency to depreciate.
4. Economic Growth:
Crowding Out: High government debt might crowd out private investment if the government borrows heavily from the financial markets, potentially leading to slower economic growth.
Sustainability: If debt levels are deemed unsustainable, it can undermine confidence in the country's economic management and its currency.
5. External Factors:
Global Market Conditions: Global economic conditions and investor sentiment can also play significant roles. A country with high debt might be more vulnerable to global financial crises or shifts in market sentiment.
Exchange Rates: In a globalized economy, currency values are influenced by international trade, capital flows, and economic policies of other countries as well.
Examples and Considerations:
Developed vs. Developing Countries: Developed countries with high debt levels, such as Japan and the United States, often have strong, stable currencies due to their economic size and stability. Conversely, developing countries with high debt levels may experience more volatility and risk of currency depreciation.
Debt Management: Effective debt management and economic policies can mitigate some of the risks associated with high national debt. Countries with transparent fiscal policies and strong economic fundamentals may better manage the impact of high debt levels on their currencies.
Overall, while national debt can influence currency value, it is one of many factors. Economic conditions, monetary policy, investor confidence, and global market dynamics all interact to shape currency stability and value.

National debt as a percentage of GDP varies widely among countries and can change over time due to economic conditions, fiscal policies, and other factors. Here’s a general overview of how national debt as a percentage of GDP looked globally around recent years. For the most current figures, it's best to consult up-to-date sources such as the International Monetary Fund (IMF), World Bank, or national financial authorities.

General Overview of National Debt Percentages
Developed Economies:

United States: Approximately 130% of GDP.
Japan: Around 260% of GDP (one of the highest in the world).
Eurozone Average: Roughly 95% of GDP. Individual countries vary, with Greece and Italy having higher percentages (over 150% for Greece, for example).
Emerging Markets:

China: Around 65-70% of GDP, though this includes both government and total debt, with rapid changes in recent years.
India: About 90% of GDP.
Brazil: Approximately 95% of GDP.
Developing Economies:

Many developing countries have debt-to-GDP ratios in the range of 30-70%, though this can vary widely based on economic conditions and borrowing levels.
Factors Influencing National Debt
Economic Performance: Strong economic growth can help manage or reduce debt-to-GDP ratios.
Fiscal Policy: Government spending and taxation policies directly affect national debt levels.
Global Economic Conditions: Recessions, financial crises, and global economic conditions can influence national debt.
Currency and Interest Rates: The cost of borrowing and currency value can impact debt servicing costs and overall debt levels.
Sources for Up-to-Date Information
International Monetary Fund (IMF): Provides comprehensive data on global debt levels and forecasts.
World Bank: Offers data and analysis on national and global economic indicators.
National Financial Authorities: Each country's finance ministry or central bank typically publishes national debt statistics and economic reports.
For the latest figures, checking these sources or recent financial reports would give you the most accurate and current data on national debt percentages.

Many central banks around the world buy and hold gold as part of their national reserves. Central banks typically hold gold for several reasons:

Diversification: Gold provides diversification to a central bank's reserve portfolio, which often includes foreign currencies and government bonds. This can help reduce risk if other assets lose value.

Store of Value: Gold is considered a stable store of value, particularly in times of economic or geopolitical uncertainty. It can act as a hedge against inflation and currency devaluation.

Historical Precedent: Historically, gold has been a trusted reserve asset. Even though many countries moved off the gold standard in the 20th century, gold remains a significant component of reserves for many central banks.

Currency Reserves: Some central banks purchase gold as a way to strengthen their reserves and improve their balance of payments. It can also serve as a buffer in case of currency crises or financial instability.

In recent years, central banks, particularly in emerging markets, have been increasing their gold holdings. Countries like China, Russia, and India have been notable buyers. These nations often see gold as a strategic asset that complements their foreign currency reserves.

On the other hand, some developed countries, like the United States and Germany, already hold large quantities of gold and tend to make fewer changes to their gold reserves.

The exact reasons and strategies can vary from country to country, but the trend of holding gold as part of national reserves remains strong.

Some general insights on factors that typically influence gold prices:

Economic Conditions: Gold often acts as a safe haven during economic uncertainty or market volatility. If the economy is facing challenges, gold prices might rise as investors seek stability.

Interest Rates: Lower interest rates can make gold more attractive because it doesn’t yield interest. Conversely, higher rates might lead to lower gold prices as investors might prefer income-generating assets.

Inflation: Gold is traditionally seen as a hedge against inflation. When inflation is high, gold prices often rise as investors seek to protect their purchasing power.

Geopolitical Events: Political instability or geopolitical tensions can drive up gold prices as investors seek a safe asset.

Currency Strength: Gold prices are often inversely related to the strength of the U.S. dollar. A weaker dollar can lead to higher gold prices.

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Korrect, esi profit here lah.

Poh Kong to hit highest price again ? 😍😋😍😋

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All stks throughout our world are for sale now ? The faster, the better lah ? No point holding a fast melting ice now ? 😥😥😥😥😥

WB got no see gold price always goes up, uptrend and uptrend forever, on a long term basis ? 😊🙂😄😁

On a long term basis, gold price ALWAYS go UP n does not need promotion to do so ?
Investment in gold does not need any analysis or knowledge at all and is certain to make easi moni ? 😄😄😄

Gold is real hard solid moni, the true medium of exchange , used for trade to improve our world and to preserve our wealth as proven since human lived on our poor earth ?
Warren Buffet is a great investor on all other investments and is most stupit on gold investment ?

During this current topsy turvy financial world, go for gold to protect and preserve our hard earn moni lah ? 😄😄😄

Real hard commodities are better than fake empti fiat currencies ? 😁😁😁

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U can take your own sweet time to shop as the chip sale may go on for a long long time lah ? 😁

Investment in gold needs no knowledge at all as gold price always goes up on a long term basis !!!

Yes. PXPM is a gold counter. 🤑🤑🤑

The real hard solid currency is still gold, not RM or all other currencies including USD as they are all fake currencies created from nothing and therefore they all got ziro value onli ? 😁😁😁

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ONLI gold can survive in the current stk mkts crashes throughout our world now ! All other stks shall die a painful death ! 😥😥😥😥😥

Goldetf ... a real hard solid counter ?

Protect our hard earn monii first !!! Think and calculate later lah ??? 🙄😶🤨😐😯

Throw all other stks as all stk mktsss are crashing now. Just keep gold or gold related stks onli to protect our hard earn moni. 😏😣😥😥😥🤔

All stk mktssss throughout the world are crashing now !!! Buy and keep gold or gold related stks to protect our hard earn moni now. 😫😏😣😥😥😥

Korrect ! dump all other stks now and keep onli gold or gold related stks to protect our hard earn moni ! 🤔😥😣😪

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Onli gold or gold related counters can protect our hard earn moni.

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Why cut your profit so veri fast ? Poh Kong still got a long long way to go UP lah.

No wori about gold prices lah as it's ALWAYS go UP on a long term basis lah. 😊😊😊