buying gold from goldsmith will need to be higher as there will be additional charges for workmanship.
When you sell, will also lose again. All in all, will lose

As others mentioned, their price follow FGJAM price (http://www.fgjam.org.my/) which is very high if u compared to others who selling online. U can google it for the comparison.

Why pay more for same purity, weight & brand

If the purpose of buying gold is investment rather than collection, paper gold (gold saving passbook) is still the cheapest and safest.

What IF USA go bankrupt, what will happen to the USD and affect on gold. Seems that sooner or later they're going to loose their AAA rating. DO you think that we're going to peg our GOLD to other currency or remain as is. Last night RM is 2.95 to 1USD... What the GOLD price going to be then... UP or DOWNNNNN

The cheaper USD against MYR, the cheaper we would be able to buy with our RM. So when USD and Gold price drops at the same time, that would be a nice timing for an entry. However IMHO, I wouldn't make any entry until a correction occurs. Gold is way too hot now...

It may get hotter before it cools.

a) USA Treasuries may be down graded.
b) Greece still unsure
c) Euro still unsure

This may be true also. Gold just hit 1622.98 USD/oz. A new high... I regret making a 50% entry at 1500 USD/oz. I should go "all-in". LOL

new record!

Should have, must have, would have..........i should have put everything in at $250...........

Hi guys, i interested to invest gold in forex. But wonder which blocker should i go for ??


thanks

Whats a blocker?

Dear D3vilsim, gold is gold. Forex is forex. If you want to invest in gold, I'd suggest either Maybank or PB bank gold saving account. If you are interested in forex, you will need to check out other topics.

Oh sorry. probably i got it wrong. I tried a forex demo account and saw there is a place for us to trade metals (gold & silver). i thought this is how we invest gold.

This post has been edited by D3vilsim: Jul 27 2011, 11:33 AM

Nope. You didn't get it wrong. What you saw there could be Gold / Silver ETF. Those are very popular in the State. One of the example is SPDR Gold Trust.

hmm.. So if i want to invest . should i get a forex account or ?? I currently do reading about Forex at http://www.babypips.com and start the learning but i only want to invest gold.. not currency exchange.

hope to find a right way to invest gold from this thread. Bank gold saver is under my consideration also but that one have to keep for long term i presume.

Gold is for long term. I'm saving gold for my retirement. Do consider gold saving account from Maybank and PB Bank.

Hehe I guess those tricky skills do not work on gold because you will only need to press a "Buy" button and wait for harvest when you feel you need the money.

Gold for long term

Those are trading platform, you are not investing in anything, but merely a trade with the brokers.
You don't own physical gold, nor paper gold (like gold account), just between you and broker only.
This is not a right way, if one interested merely in owning gold as investment.

But be sure those trading platform is legal in the first place.

FYI,
Forex trading other than with authorised dealer in Malaysia is illegal.

http://www.theedgemalaysia.com/business-ne...ex-schemes.html

This post has been edited by cherroy: Jul 27 2011, 01:47 PM

The only thing I dislike about Maybank Gold Saving Account is that their buying price is way too low than the selling/COMEX price. RM5~RM6 difference which equals to about 3%~4% commission (@ RM150/g).

welcome to malaysia malaysia (tak) boleh , if you know what i mean