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

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lee90
post Aug 3 2011, 01:35 PM

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lolz, is it possible to reach 1800/oz before 2012? or it will drop somewhere to 1600/oz XD
jphlau
post Aug 3 2011, 01:36 PM

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QUOTE(prophetjul @ Aug 3 2011, 12:01 PM)
i am looking for $6,000/oz  whistling.gif
*
i think we will reach $1800/oz by the end of the year... to reach $6000/oz ... might take a few more years.... thumbup.gif thumbup.gif I do not want to be greedy... if reach $3000/oz in 5 years i will be very very happy...
lee90
post Aug 3 2011, 01:44 PM

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any1 know how to calculate oz and gram..
for example, if the price rise to 1800/oz, then how much is it for $/g
kueyteowlou
post Aug 3 2011, 01:49 PM

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QUOTE(lee90 @ Aug 3 2011, 01:44 PM)
any1 know how to calculate oz and gram..
for example, if the price rise to 1800/oz, then how much is it for $/g
*
icon_question.gif

that is my question too.. hope some experts can help..


echoesian
post Aug 3 2011, 01:50 PM

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QUOTE(lee90 @ Aug 3 2011, 01:44 PM)
any1 know how to calculate oz and gram..
for example, if the price rise to 1800/oz, then how much is it for $/g
*
1 troy ounce = 31.1 grams

$1800/oz = $57.88/g (~RM172/g)
kueyteowlou
post Aug 3 2011, 01:55 PM

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QUOTE(echoesian @ Aug 3 2011, 01:50 PM)
1 troy ounce = 31.1 grams

$1800/oz = $57.88/g (~RM172/g)
*
rclxms.gif thanks for your calculation !

nod.gif so it's time to get in more gold prepare for chinese new year angpau... laugh.gif
lee90
post Aug 3 2011, 02:03 PM

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QUOTE(echoesian @ Aug 3 2011, 01:50 PM)
1 troy ounce = 31.1 grams

$1800/oz = $57.88/g (~RM172/g)
*
oic, nowonder..i forgt to convert it to RM ... tongue.gif

Thanks!! rclxms.gif
echoesian
post Aug 3 2011, 03:07 PM

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QUOTE(kueyteowlou @ Aug 3 2011, 01:55 PM)
rclxms.gif thanks for your calculation !

nod.gif so it's time to get in more gold prepare for chinese new year angpau...  laugh.gif
*
wahhh you give gold as angpow fro CNY??
kueyteowlou
post Aug 3 2011, 04:22 PM

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QUOTE(echoesian @ Aug 3 2011, 03:07 PM)
wahhh you give gold as angpow fro CNY??
*
sweat.gif no la.. is sell gold to get money buy shirt.. rclxm9.gif

thinking to buy in more now... hmm.gif dont know should step in now or not.. rclxub.gif
GoldChan
post Aug 3 2011, 04:36 PM

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QUOTE(echoesian @ Aug 3 2011, 03:07 PM)
wahhh you give gold as angpow fro CNY??
*
1/10th oz will be a nice ang pow to get or give.
spikyz
post Aug 3 2011, 04:39 PM

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one question. doess Kuwait Finance House sell physical gold? been browsing through their website. managed to found only gold passbook.

and could someone answer me, why Emirates gold 1gram from nubex is cheaper than other brand of gold like kinebar or pamp?
yacanni
post Aug 3 2011, 05:27 PM

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QE3 Coming?
echoesian
post Aug 3 2011, 05:37 PM

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What is QE3?
lustman
post Aug 3 2011, 05:39 PM

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QUOTE(spikyz @ Aug 3 2011, 04:39 PM)
one question. doess Kuwait Finance House sell physical gold? been browsing through their website. managed to found only gold passbook.

and could someone answer me, why Emirates gold 1gram from nubex is cheaper than other brand of gold like kinebar or pamp?
*
yes KFH sells physical gold.

it's not called gold passbook. when you purchase gold from them, they'll offer you to keep for you. you can take the physical gold if you want to.

lee90
post Aug 3 2011, 05:55 PM

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I'm wondering the price of the gold will drop a little bit in next few days as I havent bought mine yet. OR Should I just put my money in gold investment account even the price is high now? I'm looking for short term benefit around 1year. The amount i put is around 5k to 10k
Any recommend / advices?

Thanks
whizzkid
post Aug 3 2011, 06:17 PM

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Gold went crazy.. haha
spikyz
post Aug 3 2011, 06:18 PM

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QUOTE(lustman @ Aug 3 2011, 05:39 PM)
yes KFH sells physical gold.

it's not called gold passbook. when you purchase gold from them, they'll offer you to keep for you. you can take the physical gold if you want to.
*
aah thanks for your answer. so does this mean below is the KFH price for gold? its physical gold price not the spot price? if this is d spot price, where can i find their physical gold prices?

Gold Price
Updated: Wednesday, 03 Aug 2011
Time Updated: 09:19:02 AM
Currency Buy Sell
MYR /gram 155.3700 162.520

but then

QUOTE
Kuala Lumpur, 30 April 2010 – Kuwait Finance House (Malaysia) Berhad (KFHMB), the first foreign Islamic bank in the country, has launched the KFH Gold Account-i. The Gold Account enables customers to purchase and invest in gold in a convenient and secure way, without having to keep the gold physically. There may even be an opportunity for capital gain if the gold price appreciates. By using gold as the underlying commodity, customers have one of the best possible hedges against inflation.


i still cant find info on physical gold they selling. izzit pamp? izzit kinebar?
lustman
post Aug 3 2011, 10:05 PM

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QUOTE(spikyz @ Aug 3 2011, 06:18 PM)
aah thanks for your answer. so does this mean below is the KFH price for gold? its physical gold price not the spot price? if this is d spot price, where can i find their physical gold prices?

Gold Price
Updated: Wednesday, 03 Aug 2011
Time Updated: 09:19:02 AM
Currency Buy Sell
MYR /gram 155.3700 162.520

but then
i still cant find info on physical gold they selling. izzit pamp? izzit kinebar?
*
i don't know how to put image here.

go to google image and search for kuwait finanace gold bar. their gold is minted in turkey. worldwide KFH uses the same gold.
aaronpang
post Aug 3 2011, 11:06 PM

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This post has been edited by aaronpang: Aug 3 2011, 11:11 PM
whizzkid
post Aug 3 2011, 11:27 PM

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KFH purity 995, a bit lower than other goldbar

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