Posted by luckyparit > 2017-12-18 10:03 | Report Abuse

anybody know about GoldETF?

Posted by gforce2 > 2018-01-12 20:55 | Report Abuse

http://www.thesundaily.my/news/2017/12/06/affin-hwang-am-launches-malaysias-first-syariah-compliant-commodity-etf

It's the first commodity ETF to be listed in Malaysia, backed by physical investments in gold bullion/bars. Previously, if you wanted to invest in gold, you would have had to find alternative means: e.g. Banks' Gold Accounts, Gold Bullion/Coins, other Gold ETFs listed in Singapore/USA, Gold/Metals-Focused Unit Trusts. etc. Each of the above have their own pros & cons.

Theoretically, GOLDETF should track the global Gold Price. Remember, this is priced in USD, and given that the ringgit has been strengthening the last few months, it may not perform as well as expected, even with a rising gold price. Gold does not yield any interest/dividends, and there are annual holding costs (in the case of GOLDETF, it's less than 0.77% p.a.)

Some possible reasons to invest in GOLDETF:
1. Political uncertainties with the upcoming GE14.
2. Global turmoil / recession / stock crash
3. Option for physical gold redemption (5kg minimum ~ RM877k at current prices)
4. Diversification

Looking at the stock price data, there's limited volumes, probably created via Affin Hwang's UT funds. Not suitable for day traders, but might be suitable as an alternative investment idea for goldbugs.

Posted by Boost > 2018-01-22 19:08 | Report Abuse

Hi gforce2,

"ringgit has been strengthening the last few months, it may not perform as well as expected"
What do you mean? Ringgit strengthening should be better right?

Posted by gforce2 > 2018-01-27 02:48 | Report Abuse

Boost > what I mean is, in ringgit terms, you might not see as good a return compared to Gold in terms of USD. Here are some figures to back this up:

https://goldprice.org/gold-price-malaysia.html
26 Dec 2017 Gold Price: USD1282.10 per oz (MYR5234.61/oz)
26 Jan 2018 Gold Price: USD1353.82 per oz (MYR5239.96/oz)
Up ~5.5% in USD terms, but only up 0.1% in terms of MYR!

The recent BNM rate hike to 3.25% also makes gold less attractive in the short run.

Posted by Shinnzaii > 2019-08-13 08:56 | Report Abuse

wew...global economic continue struggle and trade war truce...gold not bad...hehe

Posted by TradeplusETF > 2019-08-21 10:24 | Report Abuse

SINGAPORE (20): Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets.

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up,” Mobius, who set up Mobius Capital Partners LLP last year after three decades at Franklin Templeton Investments, told Bloomberg TV. He added: “I think you have to be buying at any level, frankly.”

Gold hit a six-year high this month on prospects for easier monetary policy from the Federal Reserve and other central banks to support growth that’s been impacted by the prolonged trade war between the US and China. With the US Treasury market signaling that a recession may be on the horizon, investors have been swarming into bullion-backed exchange-traded funds.

“With the efforts by the central banks to lower interest rates, they’re going to be printing like crazy,” said Mobius, who recommends allocating about 10% of a portfolio to physical bullion. In the interview on Tuesday, he didn’t spell out a price target for gold in his on-air remarks.

The increasing role of digital currencies such as Bitcoin has spurred a debate in the precious metals market both about their intrinsic worth, and whether their rising popularity will detract from traditional haven gold. For Mobius, their advent will actually boost bullion consumption.

“You have all these currencies, new currencies coming into play,” he said. “I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies. I think with the rise of that, there’s going to be a demand for real, hard assets, and that includes gold.”

Spot gold — which hit US$1,535.11 an ounce on Aug 13, the highest since 2013 — traded at US$1,498.47 on Tuesday, and is up 17% this year. Mobius correctly predicted in early July that prices would top US$1,500.

As signs of a global slowdown emerge, central banks have boosted accommodation. The Fed cut interest rates last month for the first time in more than a decade, while the authorities in China have delivered targeted support.

“I think we are going to see lower rates in China and elsewhere,” Mobius said.

Source: The Edge, Bloomberg

Posted by Shinnzaii > 2020-01-03 10:23 | Report Abuse

Hmm...Gold price chart up trending from July-Dec19...next QR should be good...

Posted by paperplane > 2020-02-22 09:23 | Report Abuse

https://www.zerohedge.com/personal-finance/wake-you-fkin-morons-billionaire-blasts-snowflakes-eye-biggest-mother-fking-storm

Posted by paperplane > 2020-02-22 09:24 | Report Abuse

Gold is confirm going towards 2000.its now or never, wealth transformation time my friend. Once if your lifetime

Posted by BullRUN2021 > 2020-03-24 23:04 | Report Abuse

Time to buy sum gold?

Posted by katappa > 2020-07-24 10:07 | Report Abuse

this one green the trend repeating, green light

Posted by ryan_och > 2020-07-28 12:42 | Report Abuse

Normal trading account cant buy. How to buy this?

Posted by TradeplusETF > 2020-07-28 21:08 | Report Abuse

can buy.. just need to contact your broker cos it requires cash upfront. They need to check if your account has sufficient cash before buying.

Posted by Stockiss > 2020-08-09 16:37 | Report Abuse

GOLD RUSH Mission is starting real soon, this could be the last chance to get entry before chasing the bull tail and catching at high price. Targeting return of upto 80% in days and several folds in weeks. Read up the technical analysis on my blog.

Click on my NICK to get the link at my profile.

Posted by masterus > 2020-08-21 16:20 | Report Abuse

Iran shows off new ballistic, cruise missiles as US tensions rise
Tehran routinely unveils technological achievements for its armed forces, space programme, and its nuclear efforts.

Posted by masterus > 2020-08-21 16:21 | Report Abuse

US, China sea tensions hot and getting hotter
US ramps up shows of naval force in China-claimed waters in what increasingly looks like the prelude to an armed conflict
By RICHARD JAVAD HEYDARIAN
AUGUST 20, 2020

Posted by masterus > 2020-08-21 16:23 | Report Abuse

Huawei suffers under US pressure

Posted by masterus > 2020-08-21 16:25 | Report Abuse

China issues stark warning over US destroyer in South China Sea - 'Threat to peace'

Posted by masterus > 2020-08-21 16:27 | Report Abuse

How miscommunication and selfishness hampered America’s COVID-19 response
MICHAEL OLLOVE | PEW/STATELINE | 17 hours ago

Posted by Mars > 2020-08-27 06:07 | Report Abuse

GOLD up... https://goldprice.org/

Posted by masterus > 2020-08-27 07:23 | Report Abuse

August 25 Portland protests
Portland protests continued for the 90th consecutive night as a group of demonstrators marched to City Hall downtown. Some members of the group graffitied the rotunda, smashed a door switch and broke the glass in some interior doors before an unlawful assembly was declared around 10 p.m. on Tuesday, Aug. 25, 2020. The gathering was later declared a riot by police. Dave Killen/Staff

Posted by masterus > 2020-08-27 07:25 | Report Abuse

By Mark Guarino, Mark Berman, Jaclyn Peiser and Griff Witte
August 26, 2020 at 5:28 PM EDT
KENOSHA, Wis. — Authorities on Wednesday said a 17-year-old had been charged with homicide after two people were killed and another seriously wounded by gunfire during overnight protests over the police shooting of Jacob Blake Jr.

Posted by masterus > 2020-08-27 07:30 | Report Abuse

Fox Business
☰
CHINAPublished August 26, 2020
China, US tensions raise Taiwan conflict fears: 'Polishing the gun'
This week China complained a U.S. spy plane had observed Chinese live-fire exercises

Posted by masterus > 2020-08-27 07:32 | Report Abuse

Gold now RM261 per gram above

Posted by masterus > 2020-08-27 13:55 | Report Abuse

U.S. Blasts HSBC for Siding With China Over Hong Kong

Posted by masterus > 2020-08-27 13:57 | Report Abuse

US-China relations
Mike Pompeo renews attack on HSBC as bank walks line between US and China

Posted by masterus > 2020-08-28 07:02 | Report Abuse

https://www.washingtonpost.com/nation/2020/08/26/jacob-blake-kenosha-police-protests/

Posted by masterus > 2020-09-08 08:03 | Report Abuse

BEIJING, Sept 8 — China has put its homegrown coronavirus vaccines on display for the first time, as the country where the contagion was discovered looks to shape the narrative surrounding the pandemic.

A Sinovac representative told AFP his firm has already “completed the construction of a vaccine factory” able to produce 300 million doses a year.

China's nationalistic tabloid Global Times reported last month that “the price of the vaccines will not be high.”

Every two doses should cost below 1,000 yuan (RM606), the report said, citing Sinopharm's chairman, who told media he has already been injected with one of the candidate vaccines.

China's official Xinhua news agency reported yesterday that another vaccine candidate, developed by Chinese military scientists, can deal with mutations in the coronavirus.

Posted by masterus > 2020-09-17 10:57 | Report Abuse

The Nigerian government is now championing gold mining as it seeks to become less dependent on oil exports.

Posted by masterus > 2020-09-22 07:08 | Report Abuse

Gold dropped to RM253 per gram

Posted by masterus > 2020-09-22 19:05 | Report Abuse

Program subsidies upah and bank moratorium will end this month.

Posted by masterus > 2020-09-24 06:40 | Report Abuse

Gold price dropped to RM246 per gram. Kapal karam

Posted by masterus > 2020-09-24 09:26 | Report Abuse

Gold Price Analysis: Elliott Wave downside targets point to the $1767 area
NEWS | Sep 23, 16:31 GMT | By Rajan Dhall, MSTA

Posted by masterus > 2020-09-24 09:28 | Report Abuse

FX Empire
U.S. Dollar Index (DX) Futures Technical Analysis – Upside Target 94.770; Downside Target Moves Up to 93.530
James Hyerczyk

Posted by masterus > 2020-09-24 13:15 | Report Abuse

TOKYO (Sept 24): The dollar held onto gains against most currencies on Thursday as signs of an economic slowdown in Europe and in the United States revived concerns about the fallout from a second wave of coronavirus infections.

The euro, already hit by worries about a return to severe lockdown restrictions, faces an additional hurdle later on Thursday with the release of data on German business sentiment.

The dollar is likely to continue to rise as another spike in coronavirus cases in Europe boosts its safe-haven appeal, while Federal Reserve policymakers called on the U.S. government to provide more fiscal support.

Posted by masterus > 2020-10-07 15:22 | Report Abuse

2.48 below. Now is very expensive. Last time only 2.00.

Posted by masterus > 2020-10-10 07:26 | Report Abuse

WASHINGTON - US President Donald Trump said on Wednesday that remaining US troops in Afghanistan should return home by Christmas.

"We should have the small remaining number of our BRAVE Men and Women serving in Afghanistan home by Christmas!" he suggested in a tweet.

Earlier in the day, Trump's National Security Adviser Robert O'Brien said that the US troop level in Afghanistan is currently less than 5,000 and would go down to about 2,500 by early 2021.

US invasion of Afghanistan has caused over 100,000 deaths, including civilians, Afghan security forces, Taliban forces and US soldiers. Trump has been seeking a full withdrawal from Afghanistan.

Posted by DreamCustodian > 2020-10-10 07:39 | Report Abuse

Up 0.4%

Posted by DreamCustodian > 2020-10-10 07:39 | Report Abuse

Okay also la

Posted by DreamCustodian > 2020-10-10 07:40 | Report Abuse

Boleh juga la

Posted by DreamCustodian > 2020-10-10 07:40 | Report Abuse

Very good

Posted by masterus > 2020-11-04 08:40 | Report Abuse

Prime minister and vice president of the United Arab Emirates and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has said he received a coronavirus vaccine shot.

Posted by masterus > 2020-11-05 23:00 | Report Abuse

On what grounds is Trump taking legal action in Wisconsin, Michigan, Georgia and Pennsylvania? Republicans challenge as few as 53 ballots in attempt to contest result
By Jack Elsom For Mailonline
10:08 05 Nov 2020, updated 12:18 05 Nov 2020

Posted by masterus > 2020-11-05 23:02 | Report Abuse

The Election’s Troubling Message: Even if Trump Loses, America’s Political Civil War Isn’t Over
The soul of the nation remains in peril.
David Corn
DAVID CORN
Washington, DC, Bureau Chief

Posted by masterus > 2020-11-07 14:41 |

Post removed.Why?

Posted by masterus > 2020-11-09 01:02 | Report Abuse

Brexit
Boris Johnson under pressure to avoid no-deal Brexit after Biden victory
Whitehall fears that failure to strike a deal with the EU would threaten the special relationship

Posted by masterus > 2020-11-10 13:52 | Report Abuse

Hopes are soaring that a Covid vaccine is within reach, following news that an interim analysis has shown Pfizer/BioNTech’s candidate was 90% effective in protecting people from transmission of the virus in global trials.

Posted by masterus > 2020-11-10 16:52 | Report Abuse

Indonesia's Bio Farma says China's Sinovac Covid-19 vaccine trials 'going smoothly'
Stanley Widianto
/
Reuters

November 10, 2020 14:12 pm +08

Posted by masterus > 2020-12-09 12:45 | Report Abuse

The FDA says Pfizer’s Covid vaccine is safe and effective. But trial participants warn of intense symptoms after second shot
PUBLISHED TUE, DEC 8 20203:31 PM ESTUPDATED TUE, DEC 8 20208:40 PM EST

https://www.cnbc.com/2020/12/08/pfizer-moderna-covid-vaccine-side-effects-trials.html

Posted by masterus > 2021-01-04 10:27 | Report Abuse

Bitcoin
Bitcoin tops $34,000 as record-breaking rally resumes
Cryptocurrency picks up year where it left off after rising more than 300% in 2020