Posted by matakuda > 2014-10-04 19:42 | Report Abuse

ai...main mas pulak...

Posted by miapancho > 2014-10-05 00:24 | Report Abuse

stock market is still on uptrend,,for long time..why asking people to buy gold..asking people to deviate their fund into gold,,just because CP TEH already sold all of his shares

Posted by optimuss > 2014-10-05 00:53 |

Post removed.Why?

Posted by calvintaneng > 2014-10-05 12:11 | Report Abuse

There Are 4 Schools of Thought on Gold

1) DR. MARC FABER - Perpetual Gold Bull. Bought at US$250 & still buying.To Marc Gold is A Form of Insurance. Protection of VALUE Against Fed Money Printing Press!
Thanks to Marc Faber. In Year 2005 I think Calvin also bought Gold at US$320

2) JIM ROGERS - Buy Gold As Another Undervalue Commodities. Like rice, sugar or corn. He is a very successful self made tycoon living in Singapore.

3) GEORGE SOROS - A Trader Bought & Sold Gold at US$16,000. After selling Gold shot past US19,000. Then it retraced downward. Calvin Sold All His Gold Position at US1,700 (Ha! Calvin beat George Soros! Nice feeling.)

4) WARREN BUFFET - Doesn't believe in Gold At All. Warren said that all the known Gold in the world could be compacted into the size of a football field. Gold has an industrial application in small quantities. Mostly held as treasures, jewelry or as another form of investment.

Reason Why Warren Doesn't Buy Gold

BECAUSE GOLD ON ITS OWN DOES NOT CREATE VALUE FOR LIFE!
All Companies Create Value For Humanities by Giving Goods or Services.

1) A Company Exists To Produce Goods - Houses, Cars, Food & All things Useful.

2) Another Form Is In Services - Telecommunication, Health Care & Other Services.

They Are All Useful To Lives - Yes In Practical Daily Application. As For Gold - It Is Nice To See, to hold & to have. Nothing more. So it doesn't create or add value to life.

What Is Calvin's View?

A Combination of The 4 Schools of Thoughts

1) Gold is indeed a Form of Insurance. When Saigon fell many Viet boat refugees fled. Calvin visited the Viet Refugees in Spore Refugee Camp. One Vietnamese Guy said he left everything - he left 12 cars in Vietnam while running away. Only thing he managed to get out is Gold. Gold is portable. That gave him some precious capital. So not all is lost. Gold is a form of Insurance against war and losses!

Have to go for lunch now.

To be continued....

Posted by calvintaneng > 2014-10-05 15:02 | Report Abuse

Calvin's View On GOLD Part 2

It is Ok to have a little Gold as a Form of Protection Against Money Printing. However, like anything in this world be it real estate, commodities, works of art, aroawana, japanese koi fish or even Gold we can overpay for a good thing.

Is Gold worth US&250, US$500, US$1,000, US$1,500, US$2,000, US$10,000 or US$1,200, US$800 again?

You see although Gold has an Intrinsic Value the Value itself can be bidded Up or Down by Human Fear or Human Greed!

So at US$250 Market Has Underpriced Gold & Gold Overshot on the downside & at US$1,900 plus (Calvin wanted it to cross US$2,000) it Overshot on the Upside!

So there is A FEAR & GREED INDEX FOR GOLD

You should buy Gold When The World is pessimistic on it & you will surely have to sell it into the Greatest Euphoria when the World goes GaGa over it!

Again - to win you Must Be A Contrarian.

Now Gold has broken US$1,200.

Is it cheap to buy or is it still expensive?

No one can be 100% accurate here.

Get ready some cash.When the "modus operandi" of money printing crashes Gold will skyrocket in price.

The Million Dollar Question is when?

One year? Two Year? 5 Year or 10 Year Later in 2024?

Of Course Crash Will Come Some Day - By & By. But When?

Since we don't have the concrete answers - LIFE MUST GO ON!

Follow Warren Buffet in buying up USEFUL COMPANIES THAT PRODUCE GOODS & SERVICES FOR ALL HUMAN BEINGS - This we KNOW FOR SURE.

People still sleep on beds, brush their teeth, put on clothes, drive their cars, go to school, eat & drink, make phone calls, surf the net, buy, sell shares, post in i3 Forum.

SEE? THE EARTH IS ROUND. AND THE WORLD GOES ON! THE CIRCLE OF LIFE CONTINUES!

AND LIFE MUST GO ON & ON & ON!!!!