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Gold 24k drop to 62sg per gram. Going to drop further more i think ... time to invest gold?? 
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Wait long ah, Rolex gold price drop. Hahaha, gold price go up, their cost go up. Gold price go down, they still increase price. No difference.
As to investing in gold, just wait and see.
Sometimes forgotten, but always contactable. Darkangel (2007-2014) -
A drop in gold prices dies not translate to drop in Rolex prices as long as there is demand
It just give Rolex a fatter margin now that cost can lowered"He could not just wear a watch. It had to be a Rolex." �Ian Fleming, Casino Royale (1953)
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hai...how come gold price dropped....my gold account suffer paper lostComment
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Very risky to play w gold now IMHO.Comment
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Buy old gold from prawn shop and keep better, no GST and no workmanship charges. Just in case gold price drop again you won't suffer too much loses.
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na... prawn shop selling very expensive if buy pamp bars... cheapest is max money at 66 per gram.. GSC selling at 58 per gram. This friday go hoot some gold.. hopefully there is physical stocks for me ...Comment
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What's GSC?Comment
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Really drop price in Gold? Thought it went up.Comment
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yesterday, 24k - $68.50, 916 - $62.50
today, 24k - $69.50, 916 - $63.50
per gram
quoted by Poh HengComment
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does this translate to drop in gold jewellery prices? no rightComment
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Perhaps becos they can mintain profit margin, they may drop production lower to limit supply to drive up px and prestigr of their top end models and gold series.?Originally posted by ac_wong75 View PostDaytona 116519 Meteorite, 16528 MK3 dia
Reb Sub 1680 MK2 x 2, mk4, MK6 BP ,116613LB Dia, 16610LV MK1
GMT 1675 Pepsi MK1, GILT BP,GMT 16753 Nipple Mocha x2 bp
GMT II 16760 Coke FAT Lady, 16758 nipple
DD 6611B x 2, 1803 RG, wide boy
DD 18038 Dia, 18039, 18308 dia, 18238 malachite
DJ 6520, 6605, 6581, 1601/1603 x 6, 16220/30/34 cream
AP 15300 Black
Tudor 7016 small rose gilt dial
GP 18k RG
IWC Port 3714 Chrono
Chronoswiss Skeleton
Corum Bubble Lucifer
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The cost 24k gold is arund sgd55 per gram if spot gold is usd1400, at 1.235 exchange rate. Poh heng profit margin is cutthroad at 25% if they sell at 70 buks per gram. Mustafa profit msrgin is 10%, at arund 6k per100 gram bar.Originally posted by bustop View PostDaytona 116519 Meteorite, 16528 MK3 dia
Reb Sub 1680 MK2 x 2, mk4, MK6 BP ,116613LB Dia, 16610LV MK1
GMT 1675 Pepsi MK1, GILT BP,GMT 16753 Nipple Mocha x2 bp
GMT II 16760 Coke FAT Lady, 16758 nipple
DD 6611B x 2, 1803 RG, wide boy
DD 18038 Dia, 18039, 18308 dia, 18238 malachite
DJ 6520, 6605, 6581, 1601/1603 x 6, 16220/30/34 cream
AP 15300 Black
Tudor 7016 small rose gilt dial
GP 18k RG
IWC Port 3714 Chrono
Chronoswiss Skeleton
Corum Bubble LuciferComment
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If anyone wants to invest in gold.. Pls don't buy from those hold jewelry shops.. You pay unreasonable premium there. Get from GSC or those bullion stores. Now is a great time to buy given the huge drop due to paper gold trading. Buy for long termComment
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