RedDotGold.com: February 2012

Wednesday, 29 February 2012

Gold Should Be $2100-$2200 RIGHT NOW - Jim Puplava

Credits to:

Spot Gold: Strong resistance @ $1800/oz

Looking at the gold chart. We are see some resistant level at around. Will gold hit over $1800 within this few weeks?

Let's the chart tell us what to do.

Tuesday, 28 February 2012

Is Gold in a bubble?

The question is gold in a bubble? You will never know till this bubble burst. Is just like you never know gold will raise to USD$1700/oz today.

Since I'm base in Singapore. I will touch more on the local context. In 1997, gold price in Singapore is around $15-20/g for a 916 gold. How do I remember this price so clearly? My parents brought me a gold chain then. And kept the receipt till now. So how much is gold now? $87/g for a 999 gold. My gold now have increase in value by 5 fold. Recently I trade in my 916 for 999 investment grade gold bar so that it's much easier to trade in the market in future.

I will have make a fortune if I have know it will increase 5 fold. But the problem is no one will know till it happened. So what my view on gold?

I will continue to accumulate them. And I believe in the real value of gold. Will I be wrong? Yes. But looking at the bigger picture. If the bigger player like china are producing and consuming at big numbers. I think my probability of losing in will be reduced.

Do your research before going into investment. And is a lifelong education. Even though, you are starting small but at least you are starting.

In my next post, I will touch on. How to invest in precious metal like gold and silver? Where to buy? What to buy?

Thanks.

Jason Pang
Red Dot Gold