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This post has been edited by smokymcpot: Jul 29 2011, 08:50 PM
Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 Jul 29 2011, 08:12 PM
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Senior Member
1,171 posts Joined: Sep 2010  
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Jul 29 2011, 08:19 PM
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Junior Member
451 posts Joined: Apr 2009
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I email UOB SG in mid 2007 to open a SG silver a/c
They told me that the dealing has to be done in person over the counter. No online dealing. No restriction on nationality. So I decided not to open cause it too troublesome. for frequent traveller it may be an option. there are some hiding charges which U can check in UOB SG website. most of the thing is here http://silvermalaysia.blogspot.com/2011/05...goldsilver.html http://silvermalaysia.blogspot.com/2011/04...pm-trading.html QUOTE(keii-kun @ Jul 29 2011, 12:51 PM) » Click to show Spoiler - click again to hide... « dear patricia, i did not say the genneva is fake or anything, but buying gold from a company and its director who were gold beam top people that is currently under investigation by BNM? come on, be realistic. using mahathir to launch the product, the king was not even there! please stop promoting geneva product here. this is a discussion thread. you can create your own sales thread. for others, you can see the step by step to purchase here you can also see on 4/7/2011, the price sold by genneva is rm175/gm for 100gm . and you did not get the official cert for the gold, just a company printed certificate of ownership. you decide for yourself. goldchan, is there any requirement that restricts msian to open uob gold account in spore?  |
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Jul 29 2011, 09:30 PM
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Junior Member
23 posts Joined: Jul 2011
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QUOTE(kelvinyam @ Jul 29 2011, 09:43 AM) During Invest Fair Malaysia 2011, I attended a talk by Al Rajhi Bank personnel. They are selling physical gold for investment purpose. However the minimum amount is RM100k. They even provide limited-time-free-keeping of the gold you purchase. RM100K... I wish I have that much MONEY http://www.alrajhibank.com.my/personal_gold_i.shtml IMHO, keeping physical gold under the bed is still more risky than keeping it in the bank, or buying paper gold.  pheeewwwww  Added on July 29, 2011, 9:38 pm QUOTE(keii-kun @ Jul 29 2011, 12:51 PM) » Click to show Spoiler - click again to hide... « dear patricia, i did not say the genneva is fake or anything, but buying gold from a company and its director who were gold beam top people that is currently under investigation by BNM? come on, be realistic. using mahathir to launch the product, the king was not even there! please stop promoting geneva product here. this is a discussion thread. you can create your own sales thread. for others, you can see the step by step to purchase here you can also see on 4/7/2011, the price sold by genneva is rm175/gm for 100gm . and you did not get the official cert for the gold, just a company printed certificate of ownership. you decide for yourself. goldchan, is there any requirement that restricts msian to open uob gold account in spore?  Added on July 29, 2011, 9:38 pm QUOTE(keii-kun @ Jul 29 2011, 12:51 PM) » Click to show Spoiler - click again to hide... « dear patricia, i did not say the genneva is fake or anything, but buying gold from a company and its director who were gold beam top people that is currently under investigation by BNM? come on, be realistic. using mahathir to launch the product, the king was not even there! please stop promoting geneva product here. this is a discussion thread. you can create your own sales thread. for others, you can see the step by step to purchase here you can also see on 4/7/2011, the price sold by genneva is rm175/gm for 100gm . and you did not get the official cert for the gold, just a company printed certificate of ownership. you decide for yourself. goldchan, is there any requirement that restricts msian to open uob gold account in spore? This post has been edited by wysiwyg17: Jul 29 2011, 09:38 PM |
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Jul 29 2011, 10:34 PM
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Junior Member
96 posts Joined: Aug 2008
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Gold hit another new price tonight .. USD1630/ounce!
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Jul 29 2011, 11:16 PM
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Junior Member
327 posts Joined: Nov 2007
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I am no expert but this whole US debt talk is really making a bubble there.
Good luck guys. |
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Jul 29 2011, 11:26 PM
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Junior Member
44 posts Joined: Aug 2009
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QUOTE(FrancescoTop8 @ Jul 29 2011, 12:49 AM) Better Protection: Investments in MGIA are fully backed by physical gold deposited in PAMP S.A. How large selling commissions here?http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment |
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Jul 30 2011, 12:10 AM
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Junior Member
147 posts Joined: Mar 2009 From: Selangor
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QUOTE(quackpack @ Jul 29 2011, 11:16 PM) I am no expert but this whole US debt talk is really making a bubble there. Wonder what bubble u talking about . Gold bubble ?Good luck guys. |
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Jul 30 2011, 12:21 AM
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Junior Member
23 posts Joined: Jul 2011
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QUOTE(FrancescoTop8 @ Jul 30 2011, 12:10 AM) Wonder what bubble u talking about . Gold bubble ? seniors... why ah... gold raise to USD1600 but BNM & UOB rate does not follow...  like this, when malaysia gold price can go UP hah...  however... I'll stay focus and patience... just bought some gold last May... still does not break even... but I believe as most of u says... buy gold for long term maaaaaa...chaiyok-chaiyok  |
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Jul 30 2011, 12:23 AM
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Junior Member
44 posts Joined: Aug 2009
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QUOTE(wysiwyg17 @ Jul 30 2011, 12:21 AM) seniors... why ah... gold raise to USD1600 but BNM & UOB rate does not follow... With any system you buy gold? like this, when malaysia gold price can go UP hah... however... I'll stay focus and patience... just bought some gold last May... still does not break even... but I believe as most of u says... buy gold for long term maaaaaa...chaiyok-chaiyok |
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Jul 30 2011, 12:41 AM
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Junior Member
147 posts Joined: Mar 2009 From: Selangor
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QUOTE(wysiwyg17 @ Jul 30 2011, 12:21 AM) seniors... why ah... gold raise to USD1600 but BNM & UOB rate does not follow... I dont have any idea how bank calculate the rate for gold price. like this, when malaysia gold price can go UP hah... however... I'll stay focus and patience... just bought some gold last May... still does not break even... but I believe as most of u says... buy gold for long term maaaaaa...chaiyok-chaiyok I find out that if the intraday gold trading price are stable/less volatile, bank will offer better price. Perhaps someone can enlighten about how bank determine the gold rates  |
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Jul 30 2011, 01:14 AM
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Junior Member
8 posts Joined: Jul 2011
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Gold – Short term trading
Spotted an obvious bull flag for gold (XAUUSD). Scalpers should look at 1630 for immediate profit taking level. XAUUSD H1  no matter how you look at it, it is a bull flag Gold lovers rejoice! Your bullion and gold bars are worth more now than ever! |
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Jul 30 2011, 07:35 AM
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All Stars
12,269 posts Joined: Oct 2010
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QUOTE(FrancescoTop8 @ Jul 30 2011, 12:10 AM) Wonder what bubble u talking about . Gold bubble ?  Added on July 30, 2011, 7:38 am QUOTE(FrancescoTop8 @ Jul 30 2011, 12:41 AM) I dont have any idea how bank calculate the rate for gold price. Thing now is the rate of POG rise is less than rate of USD vs RGT dive, thereby even if you see POG in USD rise, it I find out that if the intraday gold trading price are stable/less volatile, bank will offer better price. Perhaps someone can enlighten about how bank determine the gold rates depreciates in RGT. It happens in the short term. Best to take a break from looking at the prices daily...........its healthier!  Added on July 30, 2011, 7:39 am QUOTE(fxgump @ Jul 30 2011, 01:14 AM) no matter how you look at it, it is a bull flag Gold lovers rejoice! Your bullion and gold bars are worth more now than ever!  This post has been edited by prophetjul: Jul 30 2011, 07:39 AM |
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Jul 30 2011, 10:45 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(wysiwyg17 @ Jul 30 2011, 12:21 AM) seniors... why ah... gold raise to USD1600 but BNM & UOB rate does not follow... Because USD value sink. like this, when malaysia gold price can go UP hah... however... I'll stay focus and patience... just bought some gold last May... still does not break even... but I believe as most of u says... buy gold for long term maaaaaa...chaiyok-chaiyok USD 1600, When RM:USD was 3.30 = RM 5280 Now RM:USD is 2.93 = RM 4688 In fact, if using AUD, you could see gold price stagnant or even drop, even though gold price surge from USD1500 to USD1600 |
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Jul 30 2011, 11:03 AM
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Junior Member
74 posts Joined: Jun 2011
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QUOTE(cherroy @ Jul 30 2011, 10:45 AM) Because USD value sink. Great sighting! USD 1600, When RM:USD was 3.30 = RM 5280 Now RM:USD is 2.93 = RM 4688 In fact, if using AUD, you could see gold price stagnant or even drop, even though gold price surge from USD1500 to USD1600  |
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Jul 30 2011, 11:27 AM
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Senior Member
1,205 posts Joined: Jan 2010
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If USD continues to drop, which is likely to be due to it economy, I think gold price (in RM) will hit another high level.
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Jul 30 2011, 01:55 PM
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Junior Member
256 posts Joined: May 2009
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QUOTE(cherroy @ Jul 30 2011, 10:45 AM) Because USD value sink. so what's the conclusion?USD 1600, When RM:USD was 3.30 = RM 5280 Now RM:USD is 2.93 = RM 4688 In fact, if using AUD, you could see gold price stagnant or even drop, even though gold price surge from USD1500 to USD1600 please share as everyone here wants to know too, including me  |
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Jul 30 2011, 11:56 PM
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Senior Member
1,171 posts Joined: Sep 2010
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Hmmm, 916 gold at RM158.7/g or 1/4 oz 999 gold coin at RM173.4/g? Which would you get?
both is brand new |
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Jul 31 2011, 03:05 PM
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Junior Member
23 posts Joined: Jul 2011
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QUOTE(lustman @ Jul 30 2011, 01:55 PM) so what's the conclusion? the CONCLUSION is... KEEP ON BUYING GOLD N ADD YR COLLECTION... please share as everyone here wants to know too, including me by the way, if USA economy defaults after 2nd AUG 2011 ... what will happen to gold price? UUUUUP or DOOOOWWWN, why I asked? if DOWWNNN, I wanna add gold to my collection... what u guys think? This post has been edited by wysiwyg17: Jul 31 2011, 06:07 PM |
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Jul 31 2011, 07:45 PM
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Junior Member
44 posts Joined: Aug 2009
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QUOTE(fxgump @ Jul 30 2011, 01:14 AM) Gold – Short term trading Why short? How much gold I should buy for earn on a short trading? |
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Jul 31 2011, 09:50 PM
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Senior Member
1,120 posts Joined: Jan 2003 From: Malacca! ....now SG
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QUOTE(smokymcpot @ Jul 30 2011, 11:56 PM) Hmmm, 916 gold at RM158.7/g or 1/4 oz 999 gold coin at RM173.4/g? Which would you get? assuming 916 is jewellery, and if you are buying it for an investment or hedge for your saving, i'd go for 1/4 oz, but better get those maple / nugget / kijang rather that those unknown 999 gold coin.both is brand new fxgump, the chart clearly shows the market is awaiting for 2nd Aug decision, which most analyst expect US to raise debt ceiling to manage their deficit while finding better option to 'solve' their debt problem. if this does happen, then gold would continue to rise in USD but not really moving in other currency, i.e AUD, like cherroy mention. for that, the price in msia might not move that much , due to USD being cheaper than ringgit. wysiwyg, i too hope the price to drop, but bear in mind, USA have the biggest gold volume, which in case of default, they could drop the whole stock into the market and plunged the gold price back to pre-2002. then this would kill those who 'invest' in gold , not those who 'save' in gold you bought in may and expecting it to rise soon? at least 6mth, unless you bought your gold super cheap. karlos, i saw your posting on both gold n silver thread. i'd suggest you to read through the thread to understand better on both precious metal investment. |
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