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

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Jutawan
post Jul 22 2011, 07:49 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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Better wait for correction, might be happening next week or next 2 weeks. Let us wait and see... if not, just buy lor...
altung
post Jul 22 2011, 08:59 PM

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QUOTE(kueyteowlou @ Jul 22 2011, 05:41 PM)
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
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it's totally different, if u can buy from official Malaysian mine office (not shop), u can buy as much as gold as you want like 1ons, 5, 10 etc but if you buy from the bank at least they give u the minimum weight of gold u must purchase
wysiwyg17
post Jul 22 2011, 09:13 PM

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buy gold quick... the correction has arrived
mushroom boy
post Jul 23 2011, 01:38 PM

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QUOTE(wysiwyg17 @ Jul 22 2011, 09:13 PM)
buy gold quick... the correction has arrived
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When is the correction and buy at what price rclxub.gif
kueyteowlou
post Jul 23 2011, 01:43 PM

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QUOTE(altung @ Jul 22 2011, 08:59 PM)
it's totally different, if u can buy from official Malaysian mine office (not shop), u can buy as much as gold as you want like 1ons, 5, 10 etc but if you buy from the bank at least they give u the minimum weight of gold u must purchase
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drool.gif so you got any ideas malaysia anyone doing it?

if got .. please share at here brows.gif

so i can grab some of it too icon_rolleyes.gif laugh.gif
mousepad87
post Jul 23 2011, 05:33 PM

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for gold bar.. rm170/g is dat cheap ? or normal price??

where to buy n where to know gold bar price ? tq
jutamind
post Jul 23 2011, 08:13 PM

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i have about 5g of gold wires and gold leaf and i want to sell them off. may i know where i can sell them at the best market price?

i've asked the gold jewelry shops and they said i need to buy their gold plates in exchange of my gold wires/leaf and then resell the gold plates to them for cash. i think this is double charges/loss to me.

appreciate some feedback. thanks.
aaronpang
post Jul 24 2011, 12:35 AM

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Try http://www.goldbuyers-international.com/locations/
Debuantu
post Jul 24 2011, 02:12 AM

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Does it matter where the gold is produced from? There seems to have gold bars/coins that are 'branded' and are produced by different companies. Will the branding of gold affect the resale price? I thought the price is only based on the weight and purity of the gold.

Also, should I go for the gold bars or the bullion coins?

This post has been edited by Debuantu: Jul 24 2011, 02:18 AM
lustman
post Jul 24 2011, 10:28 AM

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QUOTE(Debuantu @ Jul 24 2011, 02:12 AM)
Does it matter where the gold is produced from? There seems to have gold bars/coins that are 'branded' and are produced by different companies. Will the branding of gold affect the resale price? I thought the price is only based on the weight and purity of the gold.

Also, should I go for the gold bars or the bullion coins?
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the safest way to decide which gold to buy is to follow the authority figures, e.g. mike maloney and many more. they have been doing analysis and research for years and they know what they are doing.

simply put, get international regconized gold e.g. kijang emas (malaysian govt backed), ASE, maple leaf, nuggets, pamp, etc.

to me, yes it does matter where the gold is produced.

why would you want to buy gold if you're thinking to resell? why would you want to buy gold at the first place?
Debuantu
post Jul 24 2011, 01:56 PM

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QUOTE(lustman @ Jul 24 2011, 11:28 AM)
the safest way to decide which gold to buy is to follow the authority figures, e.g. mike maloney and many more. they have been doing analysis and research for years and they know what they are doing.

simply put, get international regconized gold e.g. kijang emas (malaysian govt backed), ASE, maple leaf, nuggets, pamp, etc.

to me, yes it does matter where the gold is produced.

why would you want to buy gold if you're thinking to resell? why would you want to buy gold at the first place?
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Thanks for the reply. I thought everyone here is buying gold for investment and so am I. If it matters where the gold is produced then it is wise for me to go for the well recognised gold. By the way which one do you recommend, the bars or the bullions?


Added on July 24, 2011, 4:32 pmFellow investors,
Check out the inflated gold price chart.
user posted image

If history repeats itself then we will soon see the tanking of gold price.

http://www.rapidtrends.com/2009/09/21/the-...ation-adjusted/

This post has been edited by Debuantu: Jul 24 2011, 04:32 PM
lamode
post Jul 24 2011, 05:02 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
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if you are trading and looking for tight spreads, broker like fxtrade, fxdd etc etc is the way to go.
quackpack
post Jul 24 2011, 05:19 PM

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Remember, commodities are also manipulated.

Gold are not meant to be an investment but a hedging against inflation.

Invest your money wisely, understand what you are investing and not just follow blindly, as it may turn bearish and burn you back.
lustman
post Jul 24 2011, 07:22 PM

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QUOTE(Debuantu @ Jul 24 2011, 01:56 PM)
Thanks for the reply. I thought everyone here is buying gold for investment and so am I. If it matters where the gold is produced then it is wise for me to go for the well recognised gold. By the way which one do you recommend, the bars or the bullions?
as mentioned by quackpack :

"Gold is not meant to be an investment but hedging against inflation."

my opinion this is what it should be, period.

the word "investment" is coined by unscrupulous so-called gold agents where they put you into "make-believe" state-of-mind so that you'll be sold on the idea of making money. the equation investment = make money. this is sales old trick. moreover without sales there's no commission, right?

if you really want to invest then go for precious metal ETF, futures, junior mining stocks. simple as that.

i don't know much about physical gold bullion bcos i bought them all at Kuwait Finance. if i have the extra money i'll go to UOB jalan raja laut and get myself a few of 1oz autralian nugget gold coin that cost you around 5K each. i think maples is out of stock. you can also get pamp suisse gold bar.

now i'm focusing on silver which is much cheaper and have the same "buying purpose" as gold.

just my 2 cents.


Debuantu
post Jul 24 2011, 08:20 PM

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Thanks again.

I might go into 'hoarding' gold. LOL gona get myself a few ounces of aussie nugget from perth mint tomorrow.
______________________________________________________________________________________________

Just another graph I would like to share... the bubble... may.... burst sometime in the near future.
user posted image

This post has been edited by Debuantu: Jul 25 2011, 12:02 AM
whizzkid
post Jul 24 2011, 09:17 PM

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Buy gold now before u regret it in future for not buy them.. =)
akira de aimbuster
post Jul 24 2011, 09:28 PM

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if the bubble/correction is coming soon, why are we still keep buying? hmm.gif
FrancescoTop8
post Jul 24 2011, 11:13 PM

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QUOTE(akira de aimbuster @ Jul 24 2011, 09:28 PM)
if the bubble/correction is coming soon, why are we still keep buying? hmm.gif
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Because nobody can correctly predict the future gold movement.
The good thing about gold is it is hard to manipulate, since many party own it(Central bank, country,investor & citizen).

When George Soros dump almost 99% of his gold holdings in May 2011, gold just decrease about 2%.
That`s George Soros(a huge investor& speculator), but still gold not heavily affected.
whizzkid
post Jul 25 2011, 01:54 AM

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QUOTE(akira de aimbuster @ Jul 24 2011, 09:28 PM)
if the bubble/correction is coming soon, why are we still keep buying? hmm.gif
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Because US Dollar is going to collapse very2 soon... Just around the corner..


This post has been edited by whizzkid: Jul 25 2011, 02:08 AM
prophetjul
post Jul 25 2011, 07:54 AM

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QUOTE(Debuantu @ Jul 24 2011, 08:20 PM)
Thanks again.

I might go into 'hoarding' gold. LOL gona get myself a few ounces of aussie nugget from perth mint tomorrow.
______________________________________________________________________________________________

Just another graph I would like to share... the bubble... may.... burst sometime in the near future.
user posted image
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Any Bull WILL burst 'sometime' in the future............

If you look at the chart of the bubble of Nasdaq and Homebuilders,
both had a hyperbolic rise before the burst.
Gold has not had that yet and i am glad................. smile.gif

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