torquay wrote: »
hi guys. just wondering where can you buy precious metals (i.e. gold and silver) here in the philippines? as far as i know kasi, in switzerland and austria, punta ka lang sa isang major bank, you can buy gold na, sa pinas kaya saan?
metropolitan wrote: »
have you tried Chinatown, Sta. Cruz Manila and/or Meycauayan, Bulacan?
summers2006 wrote: »
To the financial gurus in this forum, please share your opinion regarding my dilemma. Ive made placements in both UITF and Mutual Funds last year. Unfortunately, the NAVs of the products are down to 23% to 28%. I know that the outlook for such products should be long term. However, I am apprehensive because the fundamentals of the dollar/ US economy is getting weaker everyday, not to mention the continuous increase of oil/energy and food prices. Whether we like it or not, the local stock and bonds performance will be affected by these factors, especially by the dollar weakness. In fact, the prognosis of the financial experts is that there will be an eventual crash of the US economy. When it happens, paper-based assets worldwide will follow suit. What do you suggest? Should I pull out my investments now and cut losses, even if the loss is quite big, or should I keep the investments and hope that an eventual economic crash will not happen? If I will pull out my investments, where do you suggest we place it? Other experts advice to make investments in gold or silver, unfortunately, here in the Philippines, we dont have such investment products. Or do you know of any? Will truly appreciate you insight/suggestion. Thank you very much in advance.
crocopie wrote: »
Gold and silver are basically hedges, di ba? Umaakyat ang value nila kapag may inflation?
metropolitan wrote: »
but i really doubt if the world would revert back to any resemblance of a gold standard currency. if it does happen, money supply will become dependent solely on gold mining.
knightrader wrote: »
Ha-ha I was confused for awhile because last Friday, last week was a down day for gold. The article was dated from last month??? The gold move on that particular move last month, November, was a bull trap for many unwary investors. If this was posted a day or so after that breakout move, ALL who bought gold that day in Friday will be underwater in less than 2 weeks.
Trading, like music, requires that the information is current and the timing is well, timely. ha-ha
Gold pierced the daily 200MA last week and pulled back. We have a higher high bar last Wednesday and IFF we get a confirmation, we will pierce that 200MA again forming a cup-handle formation.
Gold and silver are very volatile as investors on the long side are fighting with the unlimited paper money-generating central banks. Right now, they are printing like crazy. The markets are denominated by paper currency and thus susceptible to paper manipulation. Thare is now a disconnect between COMEX prices and actual prices of physical gold and silver. Soon this game that the central banks are playing will be over. How many investors (if they have not lost all their money yet) are even aware that the cash they hold in their wallets are nothing but pieces of paper whose value is derived from perception and blindness of the masses!!!
To survive the coming worldwide financial storm requires preparation. Are you ready??