Recently I happen to mingle along some guys dealing with shares in Malacca. Got the chance to join the free seminars and courses which leads me to some good info like the followings.
(If you notice there are a lot of advertisment in newspaper on gold investment nowadays, just have to think to shoot for one )
So folks, gold is on the radar and there are at least 6 ways of investing.
Some snapshots of the conference:
- A recent Bloomberg chart has shown a gradual exodus by central banks from the US Dollar- something that has not happened for over 50 years. It was shown that a chart of centralbank holdings of physical gold. China is dramaticlly increasing their physical gold holdings and cutting back on US T bonds. These are real numbers and real charts: Charts are the truth and the truth is that world investors are losing confidence in Obama and his socialist agenda.
- Director of Deutsch Bank Asset Management in Singapore presented the case for gold equities. His fund,Am Precious metals deals only in high quality blue chip gold mining companies. His is the only precious metals fund available in Malaysia. He made the case that gold mining shares are undervalued by 30 % to the gold price a have been recovering due to the world equity rally. If you hold a gold mining share unit trust you participate in the rise of the gold price as well as the sales and earnings of gold mining companies. as well as dividends. Leverage to gold is at least 2 to 1.
- Third Speaker from CIMB shared the technical outlook for gold. He spotted the inverse head and shoulders pattern projecting a rally to USD 1200 per ounce should the USD 1000 level break. He also shared his powerful backtested system for timing which works for physical gold, Am Precious Metal Fund and Futures Gold. It is a moving average crossover system- on the weekly chart using the 10 and 50 SMA. Buy and sell the golden cross.Call him for info on this as well as CPO/ CI Futures.
- Fourth Speaker from Phillip Mutual-shown investment for AM precious Metal unit trust minimum is only RM 1000. Less than the cost of a good camera or suit of cloths and guess what you have a growing asset as well as a hedge against inflation ( Just think, 10 years ago when I get married, gold price was RM30/g and now is RM114/g . 10 years ago, new engineers salary was around 2k but now hmmm 2.5k ? See how inflation bite us ??? The rm12 k you keep now in currency may cater for your Hajj expenses today but I do not think it is enough to fund you for the same trip in the next coming years . But if the same 12k you keep in the form of gold , the value will be less likely to depreciate). This is proof that gold is a store of value and should continue to be. Paper currencies are doomed to lose value. He also shared info on the gold scams going around Malaysia. If it is offshore, over the internet, and looks too good to be trueavoid at all costs. You will be fleeced like the lamb. Only deal with licensed brokers or banks. or established gold dealers. Also avoid individual gold mining companies especially the smaller ones. Many are run by crooks, scam artists. Only deal with a well established gold unit trust such as Am Precious metals or Etika Emas estet .
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