26 November 2013 - It’s time to go for gold

26 November 2013 - It’s time to go for gold
26 November 2013 - 全球经济在2014年疲软金价或上涨40%
26 November 2013 - Raja Permaisuri Agong Joins Public Gold Golf Tournament

Posted: 26 Nov 2013 02:44 AM PST

From:http://www.thestar.com.my/News/Nation/2013/11/26/time-for-gold.aspx

GEORGE TOWN: Plunging gold prices make it a good time for buyers and investors to stock up on the precious metal as the price has dipped by 25% since January.

Public Gold Marketing executive chairman Datuk Louis Ng Chun Hau said the price of gold yesterday was about US$1,240 (RM4,000) per ounce, compared to US$1,670 (RM5,050) per ounce in January.

He said price of gold soared from about US$280 per ounce to over US$1,900 per ounce between 2001 and September 2011, but since 2012, the price started to fall, with this year recording a serious decline.

Chun Hau, however, said he does not expect the price of the precious metal to fall any lower than US$1,050 (RM3,379) per ounce.

He said Public Gold's sales of gold this year increased by 15% in terms of weight, driven by the low gold prices.

He suggested that people use 5% to 10% of their personal finances to invest in gold, as it is considered a stable investment.

Federation of Goldsmiths and Jewellers Association of Malaysia's president Ng Yih Pyng said it is a good time to buy gold, whether it is for investment purposes or as keepsake.

He said the price of gold is seeing a decline due to the strengthening of the US dollar.

Yih Pyng added that even if the price did not dip, gold merchants usually recorded good sales between November and February due to the festive season and weddings.

He said the past two weeks saw an increase in the number of customers checking out prices and buying gold jewellery.

"Merchants have also noted that year-to-date sales had increased by 15%," he said.

Tamilarasii's Tangge Maligai Jewellers outlet employee, known only as Muthukumar, said the number of customers to the shop in Market Street, has been increasing since last week.

"Usually business is slow after Deepavali, but many people are taking opportunity of the low gold prices to buy it as it is a sound investment.

"The price has dropped to RM123.50 per gramme compared to RM127 per gramme last week and many people are taking advantage of this," he said.

Devan Jewellers Sdn Bhd manager M. Krisnan said many of his customers were however, adopting the "wait-and-see" approach as they believe the price could plunge further.

"My advice is that they should buy now as the price is already low.

"Nobody can predict what will happen next," he said.

"Before this, the price difference was only between RM1 and RM2 per gramme, but now it is lower by more than RM10 per gramme," Krisnan added.

Source:http://www.thestar.com.my/News/Nation/2013/11/26/time-for-gold.aspx

26 November 2013 - 全球经济在2014年疲软金价或上涨40%

Posted: 26 Nov 2013 02:27 AM PST

From:http://gold.jrj.com.cn/2013/11/26160916220242.shtml

ECU首席执行官Antony John认为一旦人们意识到股票价格上涨速度已经超越了基本面因素，金价将很快回升。他认为金价在2014年将有恢复，甚至可能上涨40％。

　　Antony John认为市场已经达到增长末端，全球宏观经济疲软将会在2014年再次浮现，因此金价会有大的上涨。

　　"黄金是对抗全球问题的对冲品，长期来看我们认为是上涨趋势，"Antony John说，"在接下去12个月里，金价可能会上涨到1800美元/盎司。"

　　Antony John认为短期会因为对风险资产恐惧而带来的黄金需求。他认为长期来看，中国将是黄金的关键因素。"随着中国经济的增长，他们对黄金的需求也会增加。"

　　此外Antony John认为："中国政府一直在持续大量购买黄金，可能是为其货币创造一个黄金标准。"

　　今年金价的大跌使得一些大量持有黄金的经理人损失惨重。但仍有一些对黄金依然保有信心，他们的一大理由就是对全球经济复苏的怀疑。

　　首先就是欧元区危机，Antony John认为在未来几年危机将再度爆发，并且会对市场有缓冲效果。

　　Antony John说："基本面上看，欧元区结构是在统一税收和更自由的劳动力移动的基础上建立的。但现实是这不会发生，也不能发生。"

　　Antony John认为对欧元区只有两种可能，首先是德国决定离开欧元区；其次是欧元区分裂成两个部分，德国、奥地利和比荷卢经济联盟国际建立一个货币区，而南欧国家建立另一个法国主导的货币区，贬值大约20％。Antony John认为后一种状况更可能发生。

　　自从德拉基关于"采取任何措施来支持欧元"的讲话后，市场关于欧元区分裂的讨论较前几年已经减少了很多。但Antony John认为觉得欧元区安全是个幻想。"市场会在某个时间做出决定，"他说，"决定做出后，欧元会改变或者会走向终点。"

Source:http://gold.jrj.com.cn/2013/11/26160916220242.shtml

26 November 2013 - Raja Permaisuri Agong Joins Public Gold Golf Tournament

Posted: 26 Nov 2013 02:12 AM PST

From:http://www.bernama.com/bernama/v7/newsindex.php?id=995691

GEORGE TOWN, Nov 24 (Bernama) -- Raja Permaisuri Agong Tuanku Hajah Haminah was among 110 golfers who teed off in the Public Gold annual golf competition at the Penang Golf Club in Bukit Jambul, near here, Sunday.

The arrival of Raja Permaisuri Agong at 1.45pm was met by Public Gold Group chairman Datuk Louis Ng Chun Hau.

The Queen later attended a photography session with tournament participants before the tee-off at 2pm.

The competition, organised by Public Gold Group, a company which provides various gold trading, was held for the second time with 110 participants comprising Public Gold distributors and Penang Golf Club members.

The competition was aimed at promoting a healthy living lifestyle among Public Gold distributors and management.

The Raja Permaisuri Agong would also give away prizes to the winners.

Public Gold has 18 branches throughout the country and one branch in Singapore.

In effort to hoist the name of its brand and gain global exposure and recognition, the company is exploring markets in Vietnam and the Middle East.

-- BERNAMA

Source:http://www.bernama.com/bernama/v7/newsindex.php?id=995691