Israel bombed Iran embassy in Syria resulted in killing some Iran senior officers last week. Market expected a escalated war between these 2 countries and bring more disaster. The increasing geopolitical risk in Middle East pushed up the gold price. Until last Friday night, no Iran retaliation and much lower chance in reducing interest rate in US, the gold price dropped from peak of USD2430 to USD2343. It seems geopolitical risk has become better. Yet, it is a calm before the storm. Iran has launched missiles and drone attacks against Israel last Saturday night. Due to this, I believe the gold prices will not drop but instead will going up from USD2343 per ounce on next Monday. Peace is the best for the mankind. Gold can hedge against inflation, geopolitical risk, etc. For your info, Pohkong can make good profit even at USD2000 per ounce.
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Buy gold, veri safe. Long term basis, guaranti to go UP, cannot go down to ziro ? Gold ... guaranti long term winner, 100% certainty !!! also with 100% margin of safety ! 😁😁😁
During uncertainties, precious materials are the safetest bet. No doubt about that. Even oil counters also cannot beat gold. Looking back at covid19 pandemic, precious materials can go up, but not oil. Oil tanked like mad.
looking at the inventories of PohKong & Tomei from the Balance Sheet, it seems PohKong has more inventories which will translate into better profit in the future, not expecting price of gold to subside in the near future.
Within the last 30 days, Gold price went up from RM320/g to RM370/g.
Within the last 60 days, it went up from RM310 to RM370/g.
Check the Balance Sheet of these 2 counters, the inventories are materials related to Gold and which will be a big unrealized profit when translated to current market value.
Take a look at their NTA, both are higher than their CMV of the shares. If the company is truthful/honest, without any perishable items in the inventories, limit up is unavoidable.
Happen to browse through a video clip showing malaysia aunties snap up the physical gold in the one gold shop. And, customer need to get queing number for buying physical gold to this extend
Posted by ks55 > Apr 4, 2024 8:56 AM | Report Abuse X
Q2 compared with Q1, revenue increased by 48%. Q2 gold price is very much higher than Q1. And for Q3 gold price surge much higher than Q2. We expect revenue for Q3 will increase by about 50% as major festival (CNY, Hari Raya and Hindu wedding season) and profit will be around 10 to 15 sen per share.
23 hours ago
THE UPCOMING QR EXPECTED BETTER AND BETTER BESIDE GOLD PRICE INCREASE BUT THE CUSTOMER RUSHING TO BUY PHYSICAL GOLD IN UNCERTAINTY ECONOMY CONTRIBUTE TO THE EARNING TOO
Ukraine war, Iran war, TECH bubble burst, US China trade war, ringgit depressed till 4.80 not sure will cross 5.0... The mother of all scary event pop the market... Auntie rushs to buy gold the wiser choice...
Don't look down auntie conservative old school protective capital. I found the best method.
Average January 2024 gold price was USD2050 per ounce only. At this time Pong Kong make very high profit margin. Now the gold price is USD2300. As long as the gold price above USD2000, Poh Kong profit is promising great.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Income
12,440 posts
Posted by Income > 2024-04-13 12:51 | Report Abuse
AhBah, remember to add gld chain to your dog for safety of your gld. I salute AhBah