As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 29 December 2011

Buy Gold/Silver as insurance or hedge against inflation? (4)

Read? Buy Gold/Silver as insurance or hedge against inflation? (3)

Gold fell near $1,560 an ounce, hitting a three-month low.




2 comments:

  1. So wrong there uncle. Doesn't mean you make money on keppel means all the others will. Had people bought keppel at 14 bucks will you get the dame situation.

    Gold is money. So keppel corrects and its OK gold corrects and its a bad thing haha. Not many will get your chance to buy at 1 dollar again.

    Like nick say it is dangerous to always look at the rear view mirror We should look at gold in future climate

    ReplyDelete
  2. Hi CW,
    To me, Gold is a product when you buy, you don't intend to sell for life. Unless you have nothing to live on anymore. i mean you have no other means to eat to live. Or you are on the run because of one reason or another(touch wood). Ha! Ha!
    i had some experience buying/selling with UOB's Gold trading account. If only i have Buys and no Sells in the 1980s, WoW!

    ReplyDelete

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