Should you invest a certain portion of your portfolio in gold? My view is "yes". Read my comments in http://easyapps.sg/assn/Org/Information.aspx?id=5
Posting in FISCA.sg
I agree with the recommendation of this analyst to invest 10% to 30% in gold, as a hedge against the possible turmoil in the financial market. As the price of gold is 15% below its recent peak (US$1,900), it is quite a safe entry point
Posting in FISCA.sg
I agree with the recommendation of this analyst to invest 10% to 30% in gold, as a hedge against the possible turmoil in the financial market. As the price of gold is 15% below its recent peak (US$1,900), it is quite a safe entry point
5 comments:
Ever keep watch for SGX listed GLD 10US$,
hovering around US155 for some months.
Seems resistance breakdown at US152 level, it's a very tempting entry level now.
One son's girlfriend is expecting, due to defective condom, great, will hit Poh Heng shop soon to prepare for wedding. What great timing. PM Lee would be smiling, one more local Singaporean added soon. Just hope Sonny won't ask for financial help to set up family with wife and baby.
I followed up on the tip by yuyuan and found that I could invest in the SPDR GLD ETF. Each lot is 10 shares amounting to about US$1,520 or say S$2,000 shares. So, I will be buying a few lots, as my hedge against a financial catastrophe!
But the mining company like any company will collapse too? I pref to buy some physical gold
Kin lian, gold price is about S$2000 per ounce not us$ 1900
@8.22 pm
If you wish to address me by name, do not be anonymous - which is rude!
I refer to the recent peak, which is US 1,900. Now the price has dropped 15% to US $1,600 which is SGD 2,000.
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