Ahem....you just said gold cannot be valued- that i kinda agree....

so although physical gold is traded BASED on paper gold, paper gold is Not a reflection of the value.
Thus you see physical commanding higher premium to paper.

then..... what is procedure how to buy in UOB?

only the jln raja laut branch sells physical but gold savings account you can open at any branches.

call them @ Kuala Lumpur 03-26128 121

Global Markets Sales Dealers at 03-26910376 during office hours.

any1 buying palm swiss gold bar?

GET SOME MONEY... AND BUY OVER THE COUNTER... MAKE SURE CASH AAAAHHHH

just simple like that?
dont need fill any form?

NO ROCKET SCIENCE... AS EASY AS ABC...

CASH is the important part. No CASH, no gold

"(Reuters) - Gold prices could correct in the hundreds of dollars, even as bullion's long-term rally would extend for years on actions by global policymakers to solve entrenched economic problems, said a portfolio manager of major gold investment firm Allan Gray Ltd.

Sky-high valuation poses the biggest downside risk for the price of gold, said Sandy McGregor, a portfolio manager of Allan Gray, the third-largest shareholder of the world's top gold-backed exchange-traded fund SPDR Gold Trust. (GLD.P)

"If the Europeans get together with a plausible scheme to defuse worries about the euro system, if the U.S. comes up with a plausible financial budget resolution, and if the Fed does not involve in QE3, all these things can come together to cause gold to retreat by hundreds of dollars," McGregor said.

McGregor said that the South African investment firm has stayed put with its huge stake in the gold ETF, as efforts by central banks in Europe and the United States to fix their economic issues should allow bullion to continue its bull run.

Gold has increased over sixfold from just $250 in 2001 to a record of $1,609.51 an ounce on Tuesday. Bullion was later down 1 percent to below $1,590 an ounce on signs that progress was made by U.S. lawmakers to avert a catastrophic default. <GOL>

McGregor cited gold's sharp decline to below $700 an ounce from over $1,000 in just six months during 2008 at the height of the global economic crisis, as jittery investors opted for cash at gold's expense at that time.

Allan Gray held nearly 15 million shares of GLD at the end of the first quarter, which ranks the firm only behind billionaire financier John Paulson's Paulson & Co with 31.5 million shares and Northern Trust with 15.7 million shares.

Allan, which oversees 300 billion rand ($43.4 billion) in assets, is also a major shareholder in South African gold producer AngloGold Ashanti (ANGJ.J). "

How true is it?

IF you think those can be resolved very easily and fast................

Gold price shoot to highest.
This thread also hot to highest.
USD 1600.00, nice price.

Anyone sell at the moment?

yea not so soon i guess.
US just announced on the debt reducing plans.
so probably on the way workin towards recovery. as for Euro side ,still unsure

Not gonna sell for profit-taking, yet.

There`s still long road to go :-)

Only at Jalan Raja Laut UOB branch only got physical gold? Wht about Shah Alam branch?

What if I buy now ?

Is it possible to buy 916 gold jewelry for investment?

Provided you can get them under spot prices with a real discount cos

a) its only 916
b) jewelllery if you sell will cost you big time
c) jewellery contains workmanship costs

So all in all, jewellery is a bad way to invest on gold

I notice it is cheaper than buying gold bars. Plus it is extremely liquidable. So I should get 999 jewelry then?

Maybe cos its 916? 999 jewellery is very soft...........but if you can get it below spot....than maybe its worth it