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 Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype

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smokymcpot
post Jul 21 2011, 09:34 AM

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I have rm 1.3 k to use for short term investment. Can any of you advice me what to use my money on? I thought of getting 8oz of philharmonic silver coin. Any better advice?
kelvyn
post Jul 21 2011, 09:45 AM

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You don't buy gold for short term. You go for long term with gold. biggrin.gif
xcarfieldx
post Jul 21 2011, 09:47 AM

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QUOTE(kelvyn @ Jul 21 2011, 09:45 AM)
You don't buy gold for short term. You go for long term with gold.  biggrin.gif
*
agree, i think gold will yield better eggs in long term. smile.gif
smokymcpot
post Jul 21 2011, 10:02 AM

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Hmmm, so any advice on what to do with my money? Dont wanna let it go to waste
alex_cyw1985
post Jul 21 2011, 11:53 AM

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1.3k + short term, - FD is the only choice.
smokymcpot
post Jul 21 2011, 12:08 PM

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Nah, I wanna invest in commodities
benedict1213
post Jul 21 2011, 12:42 PM

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1.3k range for for Silver or Stock. 1.3k for Gold end up with high Premium only, if you don't mind.
Jutawan
post Jul 21 2011, 01:30 PM

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QUOTE(kelvyn @ Jul 21 2011, 09:45 AM)
You don't buy gold for short term. You go for long term with gold.  biggrin.gif
*
Yup, long term like unit trust right?Or not...
kueyteowlou
post Jul 21 2011, 02:14 PM

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I am just curious why Maybank never provide us the chart of their gold history ?

anyone can give me a suggestion on how to track back the previous price of maybank provide?

thanks
aaronpang
post Jul 21 2011, 03:37 PM

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Its here:-

http://www.bnm.gov.my/index.php?ch=12&pg=1...th=7&EndYr=2011
Irresistible
post Jul 21 2011, 07:02 PM

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Is now the right time to purchase GOLD ?
wysiwyg17
post Jul 21 2011, 07:52 PM

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QUOTE(Irresistible @ Jul 21 2011, 07:02 PM)
Is now the right time to purchase GOLD ?
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it is never tooo late to buy gold... but you'll always regret for not buying early icon_idea.gif yup, buy and smile... biggrin.gif


Added on July 21, 2011, 7:55 pm
QUOTE(aaronpang @ Jul 21 2011, 03:37 PM)
how bout UOB??? always wondering

This post has been edited by wysiwyg17: Jul 21 2011, 07:55 PM
kueyteowlou
post Jul 21 2011, 08:03 PM

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QUOTE(aaronpang @ Jul 21 2011, 03:37 PM)
thumbup.gif thanks for the link.

It's shows the gold bullion coin, how about the gram one? icon_rolleyes.gif

or we divide ourself from the oz to gram? unsure.gif
aaronpang
post Jul 21 2011, 08:47 PM

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QUOTE(Irresistible @ Jul 21 2011, 07:02 PM)
Is now the right time to purchase GOLD ?
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The right time was 10 years ago... second best time is today tongue.gif
kueyteowlou
post Jul 21 2011, 09:21 PM

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QUOTE(aaronpang @ Jul 21 2011, 08:47 PM)
The right time was 10 years ago... second best time is today tongue.gif
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thumbup.gif nice one.

i guess gold for long term, the price will keep hike up.

even drop also minor only. everyday i wish the gold price will drop, but the fact is cry.gif they keep raising only.
wysiwyg17
post Jul 22 2011, 12:28 AM

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QUOTE(kueyteowlou @ Jul 21 2011, 09:21 PM)
thumbup.gif nice one.

i guess gold for long term, the price will keep hike up.

even drop also minor only. everyday i wish the gold price will drop, but the fact is  cry.gif  they keep raising only.
*
more reason to rush 4 ur gold now... bef it stock out rolleyes.gif
altung
post Jul 22 2011, 07:53 AM

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any official office or shop where I can buy investment gold ? I just fell unsure if I buy from the bank because they might charges me higher
whizzkid
post Jul 22 2011, 04:33 PM

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Buy gold now before u regret it =)

Better late than never

This post has been edited by whizzkid: Jul 22 2011, 04:49 PM
kueyteowlou
post Jul 22 2011, 04:41 PM

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QUOTE(altung @ Jul 22 2011, 07:53 AM)
any official office or shop where I can buy investment gold ? I just fell unsure if I buy from the bank because they might charges me higher
*
i guess it should be almost the same ? blink.gif because since you buy from the bank.. you have to sell back to them.. more secure.. biggrin.gif
quackpack
post Jul 22 2011, 06:32 PM

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I still think there will be another train coming soon for the one who was slow to buy before the price hit 1580USD per oz.

August Comex has not ended yet,so eager buyer wishing to score some more cheaper gold could keep your eyes peel for next week gold price for some bargain hunting.

Note : This is just pure speculation. Gold is on upward trend thus it looks good as an investment,but one must not view Gold as an investment which earns you money, it may also turn around and burn you.

If next week price revisit 1600USD and above and maintain then congrats to early adopters biggrin.gif

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