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

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GoldChan
post Jul 25 2011, 11:08 AM

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Just curious. Did any of you still see any gold smith selling PAMP Sussie gold.
I didn't see it any more in some of the gold smith.
check it out, and let me know us know. ok.
smile.gif
prophetjul
post Jul 25 2011, 11:27 AM

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QUOTE(GoldChan @ Jul 25 2011, 11:08 AM)
Just curious. Did any of you still see any gold smith selling PAMP Sussie gold.
I didn't see it any more in some of the gold smith.
check it out, and let me know us know. ok.
smile.gif
*
Tomei is selling at high premiums as usual for suckers biggrin.gif
whizzkid
post Jul 25 2011, 02:47 PM

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QUOTE(prophetjul @ Jul 25 2011, 11:27 AM)
Tomei is selling at high premiums as usual for suckers   biggrin.gif
*
Same goes tu Poh Kong biggrin.gif


Added on July 25, 2011, 2:55 pm
QUOTE(prophetjul @ Jul 25 2011, 07:54 AM)
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
*
Still a long journey to go for gold tu bubble..

Remember that, gold price will decrease only if USD is strong.

With today's economic circumstance, its very hard for gold to bubble since US debt's is increasing every second.

This post has been edited by whizzkid: Jul 25 2011, 10:23 PM
seanooi880327
post Jul 25 2011, 03:34 PM

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i bought 10g PAMP gold at OTY 1Utama...

Not for investment but for keep the gold and treat as money saving..
3think
post Jul 25 2011, 04:39 PM

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QUOTE(seanooi880327 @ Jul 25 2011, 03:34 PM)
i bought 10g PAMP gold at OTY 1Utama...

Not for investment but for keep the gold and treat as money saving..
*
you buying something in aspect of getting higher return someday. that's an investment smile.gif
GoldChan
post Jul 25 2011, 05:19 PM

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QUOTE(whizzkid @ Jul 25 2011, 02:47 PM)
Same goes tu Poh Kong  biggrin.gif


Added on July 25, 2011, 2:55 pm

Still a long journey to go for gold tu bubble..

Remember that, gold price will decrease on if USD is strong.

With today's economic circumstance, its very hard for gold to bubble since US debt's is increasing every second.
*
OIC, maybe it 's ex-stock. later on I don;t think they will sell any PAMP product because 1stopgold is selling at very low prices. I saw one of the Habib Jewel branch no longer selling PAMP in one of their branches.


lustman
post Jul 25 2011, 05:49 PM

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based on my research, there are individuals, private companies dan goldsmiths (usually higher) selling pamp gold. so it's quite easy to get. 2 weeks ago i saw a goldsmith at giant shah alam (forgot the shop name) selling 5g pamp. the pretty amoy tried to seduce me to buy bcos they're on sale but it was a few ringgit higher than others.
whizzkid
post Jul 25 2011, 10:42 PM

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QUOTE(GoldChan @ Jul 25 2011, 05:19 PM)
OIC, maybe it 's ex-stock. later on I don;t think they will sell any PAMP product because 1stopgold is selling at very low prices. I saw one of the Habib Jewel branch no longer selling PAMP in one of their branches.
*
Only newcomer will buy gold at gold shop.

Maybe they do not sell goldbar anymore because cannot sell or in other word, "tak laku". People already notice that their price is very high compared to others..

It is not advise to buy PAMP at gold shop since they follow FGJAM price. There are many people selling PAMP with very low price.
khun_khun
post Jul 26 2011, 12:47 AM

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QUOTE(whizzkid @ Jul 25 2011, 11:42 PM)
Only newcomer will buy gold at gold shop.

Maybe they do not sell goldbar anymore because cannot sell or in other word, "tak laku". People already notice that their price is very high compared to others..

It is not advise to buy PAMP at gold shop since they follow FGJAM price. There are many people selling PAMP with very low price.
*
can you give me some references?
seanooi880327
post Jul 26 2011, 08:51 AM

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QUOTE(whizzkid @ Jul 25 2011, 10:42 PM)
Only newcomer will buy gold at gold shop.

Maybe they do not sell goldbar anymore because cannot sell or in other word, "tak laku". People already notice that their price is very high compared to others..

It is not advise to buy PAMP at gold shop since they follow FGJAM price. There are many people selling PAMP with very low price.
*
Can you lesson on me on this? cos i bought PAMP at gold shop and im newbie... biggrin.gif
prophetjul
post Jul 26 2011, 09:20 AM

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QUOTE(seanooi880327 @ Jul 26 2011, 08:51 AM)
Can you lesson on me on this? cos i bought PAMP at gold shop and im newbie... biggrin.gif
*
They use jewellery prices whereas a pamp is a gold bar which should be based on bullion prices.

Jewellery prices are like 20 to 30% higher! Thats what that Genneva use to sucker their agents. nod.gif
lustman
post Jul 26 2011, 10:31 AM

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QUOTE(prophetjul @ Jul 26 2011, 09:20 AM)


Jewellery prices are like 20 to 30% higher!  Thats what that Genneva use to sucker their agents.  nod.gif
*
that's a good one but playing with fire rclxms.gif

seanooi880327
post Jul 26 2011, 10:57 AM

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QUOTE(prophetjul @ Jul 26 2011, 09:20 AM)
They use jewellery prices whereas a pamp is a gold bar which should be based on bullion prices.

Jewellery prices are like 20 to 30% higher!  Thats what that Genneva use to sucker their agents.  nod.gif
*
i bought based on market price..

For exp, market price is rm177 per gram, 10 gram will be Rm1770.... thats the price i paid. no extra workmanship or other charges...
lustman
post Jul 26 2011, 11:19 AM

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QUOTE(seanooi880327 @ Jul 26 2011, 10:57 AM)
i bought based on market price..

For exp, market price is rm177 per gram, 10 gram will be Rm1770.... thats the price i paid. no extra workmanship or other charges...
*
the fact is when the smaller the size of the bar, the higher the price per gram. e.g. 5g bar is higher than 50g

so when you're buying a heavier bar it should be cheaper, so don't let anyone tells you otherwise.

This post has been edited by lustman: Jul 26 2011, 11:21 AM
seanooi880327
post Jul 26 2011, 11:41 AM

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QUOTE(lustman @ Jul 26 2011, 11:19 AM)
the fact is when the smaller the size of the bar, the higher the price per gram. e.g. 5g bar is higher than 50g

so when you're buying a heavier bar it should be cheaper, so don't let anyone tells you otherwise.
*
Get it... smile.gif
chengcheng
post Jul 26 2011, 12:21 PM

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I am new... Almost bought something from Poh Kong last weekend.
It was RM 183/gram.It 999 gold.

Where to buy cheaper gold for investment?

Read in a book that we will need to buy and sell at same place.

Is that true?

Please help!!

notworthy.gif notworthy.gif



kelvyn
post Jul 26 2011, 01:20 PM

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QUOTE(chengcheng @ Jul 26 2011, 01:21 PM)
I am new... Almost bought something from Poh Kong last weekend.
It was RM 183/gram.It 999 gold.

Where to buy cheaper gold for investment?

Read in a book that we will need to buy and sell at same place.

Is that true?

Please help!!

notworthy.gif  notworthy.gif
*
Buy from the bank. That the best. Nothing to worry.
You can buy using their Gold Investment or Savings account.
Alternatively, you could get the gold coins smile.gif
lustman
post Jul 26 2011, 01:43 PM

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QUOTE(kelvyn @ Jul 26 2011, 01:20 PM)
Buy from the bank. That the best. Nothing to worry.
You can buy using their Gold Investment or Savings account.
Alternatively, you could get the gold coins  smile.gif
*
yes that's good advice.

there are a few banks you can choose. i go to kuwait finance myself bcos it's just a stone throw away. they also sell gold bars if you want to keep them under your pillow.


Added on July 26, 2011, 1:45 pm
QUOTE(chengcheng @ Jul 26 2011, 12:21 PM)
I am new... Almost bought something from Poh Kong last weekend.
It was RM 183/gram.It 999 gold.

Where to buy cheaper gold for investment?

Read in a book that we will need to buy and sell at same place.

Is that true?

Please help!!

*
the weirdest thing i've ever heard shocking.gif

P.S.

just saw this in facebook. price quote by one of many pamp dealers.

PAMP Pure Gold Bar Ingot - Lady Fortuna

We Sell:
1gram = RM 200
5 gram = RM 870
10 gram = RM 1,710
20 gram = RM 3,387
31.1 gram = RM 5,219
50 gram = RM 8,364
100 gram = RM 16,608
(Last updated 26/07/11 12:00 PM)


This post has been edited by lustman: Jul 26 2011, 02:58 PM
GoldChan
post Jul 26 2011, 05:22 PM

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QUOTE(chengcheng @ Jul 26 2011, 12:21 PM)
I am new... Almost bought something from Poh Kong last weekend.
It was RM 183/gram.It 999 gold.

Where to buy cheaper gold for investment?

Read in a book that we will need to buy and sell at same place.

Is that true?

Please help!!

notworthy.gif  notworthy.gif
*
it always a problem for people in non-Klang Valley area to have access to cheap physical gold.
Best access is still Kijang emas but it's limited in quality.

That prove that the gold rush is still not there yet.
There is nothing U can do about it except call UOB Jln Raja Laut and ask them got stock or not.
Take one day leave and drive down and get it. lah. If just 1-2 oz it may not worth the effort lor.
U decide lah.

or just go to 1stopgold and buy there lah. After a few times, ask them whether they accept telephone order or not. Off course u need to bank in earlier to confirm your order then pick it up 1-2 weeks later.
I'm sure something can be worked out

This post has been edited by GoldChan: Jul 26 2011, 05:23 PM
Debuantu
post Jul 26 2011, 08:01 PM

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QUOTE(chengcheng @ Jul 26 2011, 12:21 PM)
I am new... Almost bought something from Poh Kong last weekend.
It was RM 183/gram.It 999 gold.
*
That's a 20% premium walao~

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