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

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chlkaka
post Aug 1 2011, 12:19 PM

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hi, can I know where can I buy the PAMP physical gold in KL?
lustman
post Aug 1 2011, 12:46 PM

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QUOTE(chlkaka @ Aug 1 2011, 12:19 PM)
hi, can I know where can I buy the PAMP physical gold in KL?
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gold shops (usually very expensive), UOB and individual agents/sellers. you need to check out the price yourself to see which suits you best.
chlkaka
post Aug 1 2011, 12:54 PM

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QUOTE(lustman @ Aug 1 2011, 12:46 PM)
gold shops (usually very expensive), UOB and individual agents/sellers. you need to check out the price yourself to see which suits you best.
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thanks for your information.
still wondering whether go for physical or maybank gold investment account...
any suggestion?? rclxms.gif
spikyz
post Aug 1 2011, 12:58 PM

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UOB have a spread of Rm2 for each oz. sounds like a good buy for me
lustman
post Aug 1 2011, 03:23 PM

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QUOTE(chlkaka @ Aug 1 2011, 12:19 PM)
hi, can I know where can I buy the PAMP physical gold in KL?
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This was advertised by a seller this morning. You can use these prices as guideline. I've no idea if it's cheap or expensive.

1gram = RM 200
5 gram = RM 870
10 gram = RM 1,709
20 gram = RM 3,369
31.1 gram = RM 5,190
50 gram = RM 8,318
100 gram = RM 16,516
(Last updated 01/08/11 12:00 PM)
jphlau
post Aug 1 2011, 03:30 PM

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QUOTE(lustman @ Aug 1 2011, 03:23 PM)
This was advertised by a seller this morning. You can use these prices as guideline. I've no idea if it's cheap or expensive.

1gram = RM 200
5 gram = RM 870
10 gram = RM 1,709
20 gram = RM 3,369
31.1 gram = RM 5,190
50 gram = RM 8,318
100 gram = RM 16,516
(Last updated 01/08/11 12:00 PM)
*
http://mysmartgold.gotdns.org/Liverate/Home/Liverate

whizzkid
post Aug 1 2011, 03:38 PM

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QUOTE(lustman @ Aug 1 2011, 03:23 PM)
This was advertised by a seller this morning. You can use these prices as guideline. I've no idea if it's cheap or expensive.

1gram = RM 200
5 gram = RM 870
10 gram = RM 1,709
20 gram = RM 3,369
31.1 gram = RM 5,190
50 gram = RM 8,318
100 gram = RM 16,516
(Last updated 01/08/11 12:00 PM)
*
Still consider expensive for PAMP, especially for the 100g..
lustman
post Aug 1 2011, 03:43 PM

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QUOTE(spikyz @ Aug 1 2011, 12:58 PM)
UOB have a spread of Rm2 for each oz. sounds like a good buy for me
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yes that's true.

so listen up everyone, if you want to buy physical gold for whatever reasons, the best start with UOB, period! rclxm9.gif

This post has been edited by lustman: Aug 1 2011, 03:43 PM
FrancescoTop8
post Aug 1 2011, 06:14 PM

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QUOTE(prophetjul @ Aug 1 2011, 07:27 AM)
US Debt ceiling resolved and ALL they can whack gold is to $1610?
i was hoping they do better!  sad.gif
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Ya man.
I expect gold will be punished at least to $1.5K level.

Perhaps due to probability of US rating downgrade.
anakrantau
post Aug 1 2011, 06:36 PM

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QUOTE(chlkaka @ Aug 1 2011, 12:19 PM)
hi, can I know where can I buy the PAMP physical gold in KL?
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have you try nubex website?
I think its in KL/Sel area..
smokymcpot
post Aug 1 2011, 07:54 PM

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QUOTE(lustman @ Aug 1 2011, 03:43 PM)
yes that's true.

so listen up everyone, if you want to buy physical gold for whatever reasons, the best start with UOB, period!  rclxm9.gif
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What kinda gold they sell? The gold bullion coins?
prophetjul
post Aug 1 2011, 09:29 PM

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QUOTE(FrancescoTop8 @ Aug 1 2011, 06:14 PM)
Ya man.
I expect gold will be punished at least to $1.5K level.

Perhaps due to probability of US rating downgrade.
*
US downgrade and gold move downwards?
smokymcpot
post Aug 1 2011, 10:26 PM

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I have 1.6 k. What or which gold should I get? Where can I find bunga raya gold coin? Any advice on what physical gold should I get with 1.6 k? Thanks in advance
lustman
post Aug 1 2011, 10:26 PM

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QUOTE(smokymcpot @ Aug 1 2011, 07:54 PM)
What kinda gold they sell? The gold bullion coins?
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http://www1.uob.com.my/jsp/finance/fin_gold.jsp?func=gold
FrancescoTop8
post Aug 1 2011, 10:40 PM

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QUOTE(prophetjul @ Aug 1 2011, 09:29 PM)
US downgrade and gold move downwards?
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Nope.
I think gold not beaten hard eventhough US already pass the debt ceiling, because there`s huge probability that US rating will be downgraded in coming months.

smokymcpot
post Aug 2 2011, 12:11 AM

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999 jewellery vs 999 bar. Jewellery is rm163/g and bar is rm162.5/g. Both is sri ayu brand so not internationally known. Which would you choose? I thought of getting the jewellery cause it is more liquidable and can be sold anywhere in the world. Your opinions are welcomed. smile.gif
prophetjul
post Aug 2 2011, 07:52 AM

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QUOTE(FrancescoTop8 @ Aug 1 2011, 10:40 PM)
Nope.
I think gold not beaten hard eventhough US already pass the debt ceiling, because there`s huge probability that US rating will be downgraded in coming months.
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Why should gold be beaten with the debt ceiling raised?
Does that not justify a higher gold price?
Afterall the whole problem of U.S is uncontroled DEBT.
Maybe its NOT going down because the bugs know that with the impending downgrade, gold will rocket?
keii-kun
post Aug 2 2011, 11:05 AM

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QUOTE(GoldChan @ Jul 29 2011, 08:19 PM)
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
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thanks for the info. already check out the uob account sg. small spread but the annual maintenance is already similar to the spread ..

gold spread (buy/sell) in SGD
62.74 62.64
silver spread (buy/sell) in SGD
47.56 47.16
QUOTE
For Gold Savings Account: An annual administrative fee (in grams of gold) as low as 0.12 gram per month or 0.25% per annum. on the highest balance per month, whichever is higher. The fee is subject to GST, which will be deducted from your account in grams of gold.

An administrative charge of S$30 for the closure of the account within six months. The fee is subject to GST.

For Silver Savings Account: An annual administrative fee (in ounces of silver) as low as 0.2 ounce per month or 0.375% per annum on the highest balance per month, whichever is higher. The fee is subject to GST, which will be deducted from your account in ounces of silver also.
gold - 0.12gm x 12 = 1.44gm annual @ RM154.00 + GST 7%
silver - 0.2ounce x 12 = 2.4oz annual @ RM240.00 + GST 7%

unless you are planning for short term , i.e like recent gains from gold USD1480/oz to USD1600/oz, can get some profit la.

This post has been edited by keii-kun: Aug 2 2011, 11:07 AM
soonlee33
post Aug 2 2011, 11:43 AM

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here's a situation
u hv 3k, so far 2 options so far can be taken into consideration

1. maybank
buy 20g and stand a chance to win rm10,000 monthly

2.cimb
buy 10g and remaining goes to 4% fd

pls advise thanks smile.gif
keii-kun
post Aug 2 2011, 11:50 AM

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QUOTE(soonlee33 @ Aug 2 2011, 11:43 AM)
here's a situation
u hv 3k, so far 2 options so far can be taken into consideration

1. maybank
buy 20g and stand a chance to win rm10,000 monthly

2.cimb
buy 10g and remaining goes to 4% fd

pls advise thanks smile.gif
*
another option
3. uob
buy 20gm and get small spread. better chance of profit.

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