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Is Gold considered as investment or insurance?
06-08-2019, 04:34 PM.
Post: #261
RE: Is Gold considered as investment or insurance?
SGEI launches new certified vault in Shenzhen

The Shanghai International Gold Exchange (SGEI) has launched a new certified vault in China's southern boomtown Shenzhen on Wednesday.
The SGEI, a wholly owned subsidiary of the Shanghai Gold Exchange (SGE) and also known as the SGE's international board, established and will operate the vault in cooperation with the Industrial and Commercial Bank of China.

"In order to ensure the smooth operation of SGE's international business, SGE has now decided to launch the new SGEI certified vault to facilitate physical delivery through SGE as well as bullion storage and other transactions by international members and customers," SGE said in an online announcement.

Shenzhen, where nearly 70 percent of China's gold products are designed and processed, has the most advanced manufacturing productivity in the industry and plays an important role in the gold industry in Asia and the world, SGE said.

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24-08-2019, 04:29 PM.
Post: #262
RE: Is Gold considered as investment or insurance?
Sell or buy now, that Gold is in Bullish trend?

Human greed knows no bound.

Intend to sell wife "unwanted gold jewellery" when spot price reaches 68K per KG.


Why there is a wide spread between 24 K gold and 22 K gold when selling as scrap gold?

It is not pro rata in price.
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2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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24-08-2019, 06:33 PM. (This post was last modified: 24-08-2019, 06:56 PM by opmi.)
Post: #263
RE: Is Gold considered as investment or insurance?
Based on technical charts alone, no big resistance to gold price until USD1800 per ounce.

USD1500 seems to be a strong support.

Gold like other commodities tend to be more trending, as compared to equities.
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"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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