Anyway, we were just strolling until my hubby caught sight of 'GREAT SALE' sign at Tomei. Why not just take a look. No intention to buy but just look around.. you'll never know ;p The sale items are around stones and diamond items. But the Gold price is sky high. For 916, the price has risen to RM142!! Crazy! Gone were the good old days when the price of gold then was RM30+ and those days, we were complaining?!! True that those days were like more than 20 years ago, but still! In the span of just 20 years, it has gone 4 to 5 times!! The manager was telling us that the price suddenly shot in the last week. It was still about RM130+ last week but now.. sigh! I read the papers just this week that the price is expected to rise further next year. Darn... if I had lotsa $ (keep dreaming ;p) and if I had thought of investing in gold at the beginning of the crisis (another dream ;p), I would have been laughing to bank now and later. It's out of reach then and its way out of reach now. Not my luck! Well, as us Chinese say ..direct translated, ya... 'if we had known things earlier, there wouldn't be any beggar' or in cantonese 'yau jou chee jau mou hat yee'
2 comments:
According to my mum's friend (who is a jeweller), the price of gold is so high that business is really bad for them. They can't bring the price down coz it just cost them too much already in gold.
As for the thought of storing the value in gold, it doesn't quite work as well. When you try and sell the gold back, the price they would pay you is not that attractive. They need to profit, charge for labour etc.
True.. but I was also talking about investment in gold related stuff if they have such thing. Anyway, just a thought only... Just frus when I couldn't get a little gold chain for my little girl's bday... not worth it
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