Gold in Ringgit (Malaysia)
Few months ago, I was monitoring Gold price action versus several fiat currencies including Ringgit.
I can see a bullish pattern emerging.
I decided to dump most of my savings into Gold.
It has been paying off.
Ringgit is just an example of trouble in emerging market.
Gold is better than cash.
Continuation pattern after a long bull market from 2002 to 2013.
However, majority of people will still holding cash, believing that their government will rescue them and help them.
They don't understand that the problems worldwide are with the governments and central banks.
All of them are same, corrupt and don't understand how financial market works.
Big revolutions will happen. Unfortunately, Malaysia is not in good position.
I already have a plan B and will move to another country if things get super ugly and bad.
I can see a bullish pattern emerging.
I decided to dump most of my savings into Gold.
It has been paying off.
Ringgit is just an example of trouble in emerging market.
Gold is better than cash.
Continuation pattern after a long bull market from 2002 to 2013.
However, majority of people will still holding cash, believing that their government will rescue them and help them.
They don't understand that the problems worldwide are with the governments and central banks.
All of them are same, corrupt and don't understand how financial market works.
Big revolutions will happen. Unfortunately, Malaysia is not in good position.
I already have a plan B and will move to another country if things get super ugly and bad.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.