On long term basis, gold price ALWAYS go up on a uptrend, hitting record prices frequently ?

Bank of America has projected gold to rally to as much as $3,000 an ounce by 2025.

For this year, Turkey, India, Kazakhstan, and some Eastern European countries had also ramped up their gold purchases.

The People's Bank of China continued its streak of increasing gold reserves for the 17th consecutive month, bringing its total reserves to 72.75 million troy ounces in March.

Mani people are chickening out from Tomei now ? Why ?

Korrect, go on board now, chip now. Later, we got to pay more to go on board ?

Limit up ... sure go chance lah, no need to ask .

Strategy - buy gold and hold, no sell bcos the gold bull is veri strong and still got a long long way to run. 😋😋😋

😥

🥰

😴

NTA = Rm1.95 which is made up of gold. Poh Kong still got a long, long way to go UP !!! 🤑🤑🤑

Veri safe to masuk ctr ?

Hidup Nice !!!

Nice ... the gold darling of the mkt now !!! 😍😍😍🥰🥰🥰

YXPM ... grossly underowned and underperformed now ! Veri chip now !

😴

🤑🤑🤑

Korrect, just sapu any gold related ctr U like, please. 🤑🤑🤑

😍

Now gold is on a solid bull run.
So, just main main the gold related ctrs is enough lah.

The chippest gold related ctr now ? Sapu kuat kuat ?

Sure got potential. No selling please. Thanks.

The bull run has oredi started. Go on board fast as it is still veri chip now. 😁😁😁

Poh Kong now on a solid uptrend now ?

Please make sure our Bursa also got benefit from it ! 😊😊😊

Yes korrect, sapu all gold related stks now !!! 😁😁😁

Central bank purchases are only one of the three key drivers of the unprecedented rise in gold prices recently. A major concern is a dramatic uptick in geopolitical concern regarding the Middle East conflict as the real concern is that Iran will retaliate against Israel for its suspected bombing of the Embassy in Syria. Lastly, most analysts agree that gold will move higher once central banks, including the Federal Reserve begin the process of cutting their key benchmark interest rates.

Collectively, these three key driving factors taking gold higher will continue to move the precious yellow metal higher into what is now unknown price territory.

The National Bank of Poland was the second largest buyer in 2023. Between April and November, the central bank bought 130t of gold, increasing its gold holdings by 57%, to 359t.

PBoC gold reserves now stand at 2,235t, although this still represents only 4% of China’s vast international reserves.

The People’s Bank of China (PBoC) regained the crown for the largest single gold buyer as it reported a total rise of 225t in its gold reserves over the year.

Gold’s performance during times of crisis and its role as a long-term store of value are key reasons for central banks to hold gold

According to the WGC, “Central banks have been consistent net buyers on an annual basis since 2010, accumulating over 7,800t in that time, of which more than a quarter was bought in the last two years.

In just the last two years central banks have added over 1000 tonnes and have now stockpiled over 15,000 tonnes.

If you fear an imminent market crash or inflation surge, consider putting a small percentage of your net worth in gold simply as a defensive play — and to calm your nerves.

Many investors believe gold shares have a negative correlation with stock markets — that it tends to rise in value during stock market corrections and crashes.

Gold protects against geopolitical uncertainty.

Most investors largely consider gold a defensive investment. It offers some protection against risks like inflation and a weak U.S. dollar.

Wealthy investors even put more money into “investments of passion” such as fine art, wine, and cars than they do in gold.
These investments of passion make up 3% of the average wealthy investors’ portfolio .

The average ultra-high net worth individuals hold about 2% only of their net worth in gold.

The average ultra-high net worth individuals (UHNWI) with a net worth over $30 million own a little gold.

Patience is needed here.

Expected lah. 😄😄😄

😴

Highly possible lah. 😁😁😁

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

The current gold's rally is an important breakout and gold will work its way higher.

Once gold breaks out and moves to new highs, it generally runs for a while.

Gold prices can hold steady and move higher.

Gold price is below production costs now.

Gold stocks have lagged in part because production costs have gone up 35% since early 2020, mainly due to higher labor costs. This is one reason why gold stocks are unlikely to hit their old highs unless gold moves a lot higher. But if the gold price rally simply continues, the miners will join in and rally.