Where Is Gold Going In This Market

[Naam]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

[Naam]

I beleive what is really putting a squeeze on gold is Germany demanding the return of all of their stored gold sitting in the US and France. Even though it belongs to Germany some are wondering if it is still there.

where exactly do you see a "squeeze"?

[Naam]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

OOPS! even UOB has become quite demanding nowadays.

UOB Private Banking is an exclusive service, available to individuals with over

SGD5 million in investible assets. If you wish to learn more, we invite you to leave your details here.

http://www.uob.com.sg/private/about/why_uob.html

[yoshiwara]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

SPDR trades on the Singapore Stock Exchange (SGX:GLD 10US$)

Edited February 5, 2013 by yoshiwara

[Thailand Bound]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

Yes I am a privileged account holder in UOB and was once a Private banking account holder (1 million SGD) until we made some more investments in Indonesia and I used to be a Premier account holder in HSBC until I actually got tired of their arrogance and inability to serve a customer in a decent timely fashion. Through my search I see ANZ trades gold since the GST was dropped as well as Citibank but then as a US citizen I do not prefer US banks and given the reporting procedures now they do not prefer me.

Edited February 5, 2013 by Thailand Bound

[Thailand Bound]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

SPDR trades on the Singapore Stock Exchange (SGX:GLD 10US$)

Nah I'll pass although what I used to do was my Indonesian wife had a trading account in DBS and traded over the net and not subject to any taxes in the US trading on the NYSE or Nasdaq ect ect ect

[Thailand Bound]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

OOPS! even UOB has become quite demanding nowadays.

UOB Private Banking is an exclusive service, available to individuals with over

SGD5 million in investible assets. If you wish to learn more, we invite you to leave your details here.

http://www.uob.com.s...ut/why_uob.html

Whoa they have raised that minimum for the private banking within the last 4 years

[Thailand Bound]

I beleive what is really putting a squeeze on gold is Germany demanding the return of all of their stored gold sitting in the US and France. Even though it belongs to Germany some are wondering if it is still there.

where exactly do you see a "squeeze"?

Gold was really on th way down a month or so ago until Germany said they wanted to repatriate all of their gold holdings int he US and France. Several articles exist about it.

[yoshiwara]

Ok news to me about the GST for locals on gold and silver purchases but that was always unfair. Since we are not citizens of Singers we had our GST fully refunded direct to our UOB SGD account.

So if either of these two new banks let someone buy paper gold and sell via a phone call care to give some info about this, if you do not want to say here just PM me if you don't mind.

i didn't say anything about "new banks" mate. any bank in SG that let's you establish an account with access to various markets let's you trade anything that is tradeable and that includes gold. i don't know the exact number of different banks in Singapore but estimate them to be several dozens.

caveat: multinational banks have very high entry thresholds some of them demand a minimum of USD 5 million. even UOB has set a minimum of SGD 350k for its "privilege account" and "private banking".

i am not up-to-date but a few years ago Standard Chartered had the lowest entry level for establishing a portfolio account.

SPDR trades on the Singapore Stock Exchange (SGX:GLD 10US$)

Nah I'll pass although what I used to do was my Indonesian wife had a trading account in DBS and traded over the net and not subject to any taxes in the US trading on the NYSE or Nasdaq ect ect ect

Have a look at Try https://baby.boom.co..._stock_trading/ based in HK

[Naam]

I beleive what is really putting a squeeze on gold is Germany demanding the return of all of their stored gold sitting in the US and France. Even though it belongs to Germany some are wondering if it is still there.

where exactly do you see a "squeeze"?

Gold was really on th way down a month or so ago until Germany said they wanted to repatriate all of their gold holdings int he US and France. Several articles exist about it.

gold didn't do anything because of the assumed and invented horror stories

and twisted facts concerning "Germany and its Gold".

take a look at the graph:

[Thailand Bound]

Have a look at Try https://baby.boom.co..._stock_trading/ based in HK

Thanks Yoshi I'll take a look at it later once I can concentrate on it

[Naam]

UOB Private Banking is an exclusive service, available to individuals with over

SGD5 million in investible assets. If you wish to learn more, we invite you to leave your details here.

http://www.uob.com.s...ut/why_uob.html

Whoa they have raised that minimum for the private banking within the last 4 years

there are billions from old Europe pouring into SG every months. that's the reason most SG banks reject "poor" people with only a couple of millions

[Thailand Bound]

I beleive what is really putting a squeeze on gold is Germany demanding the return of all of their stored gold sitting in the US and France. Even though it belongs to Germany some are wondering if it is still there.

where exactly do you see a "squeeze"?

Gold was really on th way down a month or so ago until Germany said they wanted to repatriate all of their gold holdings int he US and France. Several articles exist about it.

gold didn't do anything because of the assumed and invented horror stories

and twisted facts concerning "Germany and its Gold".

take a look at the graph:

I look and find that chart where the article I was readind said different.

[Thailand Bound]

UOB Private Banking is an exclusive service, available to individuals with over

SGD5 million in investible assets. If you wish to learn more, we invite you to leave your details here.

http://www.uob.com.s...ut/why_uob.html

Whoa they have raised that minimum for the private banking within the last 4 years

there are billions from old Europe pouring into SG every months. that's the reason most SG banks reject "poor" people with only a couple of millions

LOL At those numbers we could afford the account opening but no house to live in.

[Naam]

I beleive what is really putting a squeeze on gold is Germany demanding the return of all of their stored gold sitting in the US and France. Even though it belongs to Germany some are wondering if it is still there.

What you believe is made up nonsense.

the resident "golden troika" Midas, Churchill and Mccw most probably beg to differ.

[Thailand Bound]

Well either way, I am still going to hold our gold certs besides with a overall buying avg price of 589 USD a troy oz we are still up and with the way things sometimes work out the day after I sold it and flew back to Jakara then the markets would get wind that Yoshi and Naam had turned in to Gold Bulls and I would miss the obvious run that that would spur.

[churchill]

Where Is Gold Going In This Market?

it looks like Gold is going nowhere

Lanna is corrct, the hedge funds and derivative contracts are still unwinding and this means the current trend will continue That means the Dollar continues higher, Oil continues lower, and gold continues lower (it dipped its feet below $700 in early trading in the states), I would imagine that we will see gold below the $670 level that I predicted in late august 2007(OK so I was 2 months off) BTW where are all the gold bugs (and their $1500 gold predictions) like livininLOS and CClub and the others, they seemed to have dissappeared from tv, I hope they are all right? It looks like $1.60 will be tested on the pound today and $1.27 on the Euro.

You meant Aug 2008?

I woke to see the new gold price & glad I couldn't find anything in the sizes I wanted a few days back Not surprising that I now see some krugerrands available but..........+9% over spot I will continue to wait.

Silver is holding nice though

And how about the realative price of Gold stocks in relation to Gold? Massive dumping going on:

Ha Ha from 2008 ....Naam .. typical..... "Gold Going Nowhere" ...

But it can happen again ..

BTW where are Vegas Vic & co ..

'

The gold bull market starts here . . .

Gold bullion jumped nearly USD 60/oz on Friday, spurring wide, and heavy, buying of gold stocks; Barrick, the world’s biggest, rose 31% on the day.'

http://www.mineweb.c...73656&sn=Detail

Edited February 5, 2013 by churchill

[Thailand Bound]

Ha Ha from 2008 ....Naam .. typical..... "Gold Going Nowhere" ...

But it can happen again ..

BTW where are Vegas Vic & co ..

'

The gold bull market starts here . . .

Gold bullion jumped nearly USD 60/oz on Friday, spurring wide, and heavy, buying of gold stocks; Barrick, the world’s biggest, rose 31% on the day.'

http://www.mineweb.c...73656&sn=Detail

You know Churchill the way Naam goes on about gold going nowhere but then gold charts and stories at the ready and keeping up with what banks started selling it after Singapore removed the GST on gold sales Naam may be a Gold Bull himself and is sandbagging all of us. If the word ever got out that the famous Naam is a gold bull instead of a gold bear then we could expect another 60 to 75 USD jump per troy ounce from gold, the sky would be the limit.

Edited February 5, 2013 by Thailand Bound

[churchill]

Ha Ha from 2008 ....Naam .. typical..... "Gold Going Nowhere" ...

But it can happen again ..

BTW where are Vegas Vic & co ..

'

The gold bull market starts here . . .

Gold bullion jumped nearly USD 60/oz on Friday, spurring wide, and heavy, buying of gold stocks; Barrick, the world’s biggest, rose 31% on the day.'

http://www.mineweb.c...73656&sn=Detail

You know Churchill the way Naam goes on about gold going nowhere but then gold charts and stories at the ready and keeping up with what banks started selling it after Singapore removed the GST on gold sales Naam may be a Gold Bull himself and is sandbagging all of us. If the word ever got out that the famous Naam is a gold bull instead of a gold bear then we could expect another 60 to 75 USD jump per troy ounce from gold, the sky would be the limit.

Naam is a closet Bull

[BEENTHEREDONETHAT]

Ha Ha from 2008 ....Naam .. typical..... "Gold Going Nowhere" ...

But it can happen again ..

BTW where are Vegas Vic & co ..

'

The gold bull market starts here . . .

Gold bullion jumped nearly USD 60/oz on Friday, spurring wide, and heavy, buying of gold stocks; Barrick, the world’s biggest, rose 31% on the day.'

http://www.mineweb.c...73656&sn=Detail

You know Churchill the way Naam goes on about gold going nowhere but then gold charts and stories at the ready and keeping up with what banks started selling it after Singapore removed the GST on gold sales Naam may be a Gold Bull himself and is sandbagging all of us. If the word ever got out that the famous Naam is a gold bull instead of a gold bear then we could expect another 60 to 75 USD jump per troy ounce from gold, the sky would be the limit.

Naam is a closet Bull

I believe it is Namm's wife who is the gold bull, err bullett. Ok what do you call a female bull, and don't be insulting.

[Jayman]

Ha Ha from 2008 ....Naam .. typical..... "Gold Going Nowhere" ...

But it can happen again ..

BTW where are Vegas Vic & co ..

'

The gold bull market starts here . . .

Gold bullion jumped nearly USD 60/oz on Friday, spurring wide, and heavy, buying of gold stocks; Barrick, the world’s biggest, rose 31% on the day.'

http://www.mineweb.c...73656&sn=Detail

You know Churchill the way Naam goes on about gold going nowhere but then gold charts and stories at the ready and keeping up with what banks started selling it after Singapore removed the GST on gold sales Naam may be a Gold Bull himself and is sandbagging all of us. If the word ever got out that the famous Naam is a gold bull instead of a gold bear then we could expect another 60 to 75 USD jump per troy ounce from gold, the sky would be the limit.

Naam is a closet Bull

I believe it is Namm's wife who is the gold bull, err bullett. Ok what do you call a female bull, and don't be insulting.

Gold cow?

[cheeryble]

D'you remember me telling you if you want to own gold own a gold miner........at LEAST there's some energy and enterprise being converted into added value.....UNLIKE gold which is a totally passive asset.

If you're so keen on gold why aren't you willing to use a bit of leverage and own some miners?

Having said that Barrick's nice little jump has been pre-buggared by years of very nasty spills.

Better look elsewhere?

Holy shxit......GDXJ looks worse than Barrick.

Edited February 5, 2013 by cheeryble

[Thailand Bound]

D'you remember me telling you if you want to own gold own a gold miner........at LEAST there's some energy and enterprise being converted into added value.....UNLIKE gold which is a totally passive asset.

If you're so keen on gold why aren't you willing to use a bit of leverage and own some miners?

Having said that Barrick's nice little jump has been pre-buggared by years of very nasty spills.

Better look elsewhere?

Holy shxit......GDXJ looks worse than Barrick.

Owning Gold is not nearly as risky as owning gold mining stocks. The price of gold going up depends on the masses buying due to idiots in the govt's around the world and how they handle their individual economies. The price of gold mining stocks going up depends on a few idiots making idiotic decisions based on their thoughts how they should run their mining operations and their businesses. With some gold mining company management you could swap them out with the idiots in Washington DC and you would never know it. Gold mining stocks? Some times you win, sometimes you lose and sometimes it rains. Now you just think about that for a little while. LOL sorry the sometimes it rains onwards is a direct quote from the movie on right now, Bull Durham.

[muchogra]

People who put stops are probably gettng hammered these days! They get stopped out for entry and exit and lose out every which way.

Playing the Thai market adds another bummer cos the currency plays a big role in its price. They can always "manipulate" it to make you lose.

During certain times, it's just not wise to play narrow stop for you bound to lose more often than not.

I play small and never put stops, both in the COMEX and TFEX. I'm doing quite good!

Hope you have the same luck. Chok Dee khrap!

[muchogra]

Reading this thread tells me that people like to read and then quote articles that favor their line of thinking that's already been made up. Is that smart investing except for showing off your knowledge and wanting be considered well-read? Everybody can read what anyybody writes particularly from the so-called experts! Before the internet came along, I used to subscribe to many newspapers and magazines including the Asian Wall Street Journal which was delivered 2 days (?) after its publication. It had gained me nothing from reading all those. In fact, in the contrary, it had cost me! You go figure what I mean!

To date, I get a laugh reading the so-called experts saying such terms as "chart consolidation", "outside factors", etc, whenever something halts or going the other way.

I don't know about you guys but I don't reading as much like I used to!

My gut feeling reading here and my advice is to go opposite what you believe from reading too much!

[Thailand Bound]

Reading this thread tells me that people like to read and then quote articles that favor their line of thinking that's already been made up. Is that smart investing except for showing off your knowledge and wanting be considered well-read? Everybody can read what anyybody writes particularly from the so-called experts! Before the internet came along, I used to subscribe to many newspapers and magazines including the Asian Wall Street Journal which was delivered 2 days (?) after its publication. It had gained me nothing from reading all those. In fact, in the contrary, it had cost me! You go figure what I mean!

To date, I get a laugh reading the so-called experts saying such terms as "chart consolidation", "outside factors", etc, whenever something halts or going the other way.

I don't know about you guys but I don't reading as much like I used to!

My gut feeling reading here and my advice is to go opposite what you believe from reading too much!

So I should go short on gold and Naam should go long? We should listen to Jayman, his avatar demands it.

Edited February 5, 2013 by Thailand Bound

[muchogra]

Before I hit the deck when the market finishes, I want to ask what paper gold is. Does paper gold has a leverage? Or, do you pay the full amount carrying a paper but no physical possession?

For me, it's embarrassing to buy and sell gold at a gold shop or at a bank having had paid the full amount!

Paper gold to me is buying/selling in contracts!

I would be darn embarassed to carry all my gold to sell them to a gold shop thinking I'm one heck of a good investor! Perhaps, you are diferent?

[Thailand Bound]

Before I hit the deck when the market finishes, I want to ask what paper gold is. Does paper gold has a leverage? Or, do you pay the full amount carrying a paper but no physical possession?

For me, it's embarrassing to buy and sell gold at a gold shop or at a bank having had paid the full amount!

Paper gold to me is buying/selling in contracts!

I would be darn embarassed to carry all my gold to sell them to a gold shop thinking I'm one heck of a good investor! Perhaps, you are diferent?

If you want to see the actual certificate for paper gold go to page 362 and look at post 9042 or 48 I forgot. Yes you pay full price but at any time of your choosing you can present that certificate at UOB Singapore and either take cash back at the price they are buying it back or demand 1 kg of physical gold for it. There is nothing physical about this unless you want it too be.

I bought all of our gold for investment like this, only gold we hold that will not be sold it of course the wife's many pieces of gold and diamond this and that.

Edited February 5, 2013 by Thailand Bound

[mccw]

What % capital does UOB Singers operate at?

Thai banks are about 16%, US and UK barely 1% apparently. You think in SHTF event little old you or me would keep access this "allocated" accounts? Really your paper certificate sounds 95% insane from my perspective, because you don't own any gold, just a piece of paper promising it to you. Do they not have gold shops in Indonesia?

[Naam]

Reading this thread tells me that people like to read and then quote articles that favor their line of thinking that's already been made up. Is that smart investing except for showing off your knowledge and wanting be considered well-read? Everybody can read what anyybody writes particularly from the so-called experts! Before the internet came along, I used to subscribe to many newspapers and magazines including the Asian Wall Street Journal which was delivered 2 days (?) after its publication. It had gained me nothing from reading all those. In fact, in the contrary, it had cost me! You go figure what I mean!

To date, I get a laugh reading the so-called experts saying such terms as "chart consolidation", "outside factors", etc, whenever something halts or going the other way.

I don't know about you guys but I don't reading as much like I used to!

My gut feeling reading here and my advice is to go opposite what you believe from reading too much!