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

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tothebest
post Aug 5 2011, 01:34 AM

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QUOTE(azizulego @ Aug 4 2011, 05:38 PM)
That is why i don't like to hold paper gold...  It's the bank who decide what they want to do with my gold....

Hey it's my gold anyway... it's up to me with what i want to do with it... i can eat it.. i can sleep with it...

p/s:- Lesson learned.. never trust those bankers tongue.gif
p/s2:- For Muslim it's clearly not shariah compliance afterwards..
p/s3:- you can add my psn id azizulego tongue.gif tongue.gif
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thumbup.gif rclxms.gif
whizzkid
post Aug 5 2011, 04:20 AM

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QUOTE(spikyz @ Aug 4 2011, 10:19 PM)
Hahah thanks. Yeah i think d same..but to offer same price for all d grams...is not attractive offer right? hehe. yeah i think ill go for kijang emas instead. =D
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For me, it's interactive because its offer same price & same spread for all weights. It will not burden for those u have low or higher budget. There's no different buying 1g to 100g.. normally, lower weight will have higher price and higher spread. By having same price & spread for all weights, it can attract more people to buy.

Btw, that's just my 2 cents opinion biggrin.gif
lustman
post Aug 5 2011, 05:27 AM

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QUOTE(kueyteowlou @ Aug 5 2011, 12:50 AM)
hmm.gif but malaysian peoples are still holding them..

buy now and wait for year end shoot to 1750usd /oz  rclxm9.gif
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typical malaysian move flex.gif
kuhfayLover
post Aug 5 2011, 09:00 AM

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QUOTE(keii-kun @ Aug 4 2011, 10:41 PM)
my uob gspa +4.70/gm already since last week laugh.gif regret buying the nugget, should have put all in the gspa.

my mbb gia from last year almost +30/gm rclxm9.gif rclxm9.gif

of course buy when you can afford, even 1/20oz cos later you will say regret2 did not buy in august laugh.gif
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thumbup.gif i still holding my mbb gia that bought last year, +rm30 per gm. icon_rolleyes.gif




anechoic
post Aug 5 2011, 09:35 AM

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will gold still drop or should go and buy now? if gold will go up till year end, then have to buy liao..ahaha.

hmm, kinda regret never buy before the US debt annoucment on 2 aug..


lustman
post Aug 5 2011, 09:36 AM

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QUOTE(kuhfayLover @ Aug 5 2011, 09:00 AM)
thumbup.gif  i still holding my mbb gia that bought last year, +rm30 per gm.  icon_rolleyes.gif
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rm30 per gram??? rclxub.gif

i think is rm130, right?
quackpack
post Aug 5 2011, 09:47 AM

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I still have faith for gold to drop further tongue.gif
kuhfayLover
post Aug 5 2011, 10:00 AM

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QUOTE(lustman @ Aug 5 2011, 09:36 AM)
rm30 per gram???  rclxub.gif

i think is rm130, right?
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applied dollar cost average, and there is once in august 2010, it's only rm122. thumbup.gif
i should buy more that time, doh.gif --> typical human being character tongue.gif




lustman
post Aug 5 2011, 10:16 AM

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QUOTE(kuhfayLover @ Aug 5 2011, 10:00 AM)
applied dollar cost average, and there is once in august 2010, it's only rm122.  thumbup.gif
i should buy more that time,  doh.gif  --> typical human being character  tongue.gif
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here's another typical human being character, it was $88 when i first bought in late 2008. managed to grab 10grams only doh.gif

even Jan this year $140 and Feb dropped to $130, just added a few more grams cry.gif

Lord Red
post Aug 5 2011, 10:26 AM

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QUOTE(azizulego @ Aug 4 2011, 04:38 PM)
That is why i don't like to hold paper gold...  It's the bank who decide what they want to do with my gold....

Hey it's my gold anyway... it's up to me with what i want to do with it... i can eat it.. i can sleep with it...

p/s:- Lesson learned.. never trust those bankers tongue.gif
p/s2:- For Muslim it's clearly not shariah compliance afterwards..
p/s3:- you can add my psn id azizulego tongue.gif tongue.gif
*
For your info here is the 30 year historical pricing for Gold. Just click on the link and you will see what the hype is all about. thumbup.gif thumbup.gif

http://www.goldprice.org/30-year-gold-price-history.html 30 year history shocking.gif
http://goldprice.org/gold-price-history.html short term history shocking.gif rclxms.gif

By the way, for Muslims its always advisable to invest in gold. But the key word here is 'INVEST' not "main Gold" Meaning if you buy for long term 5/10/15/20 years its OK. But if your intention is to buy now and then sell it the the near future when price goes up then its not acceptable. however, if your earlier intention is to hold long term but you need to sell it to use the money, then it is OK.

Regarding buying gold thru bank accounts is also explained in Ustaz Zaharuddin's website. He is one of the leading experts in Islamic views on finance, etc. Hukum Syariah in regards to financial matters. icon_rolleyes.gif

Those who dare can read the article here

http://www.zaharuddin.net/senarai-lengkap-...cara-halal.html
and
http://www.zaharuddin.net/pelaburan-&-pern...k-malaysia.html

Bear in mind that Gold is a ribawi item which means that any transaction that involves Gold can lead to riba if the requirements are not met. doh.gif

TQ

kuhfayLover
post Aug 5 2011, 10:29 AM

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QUOTE(lustman @ Aug 5 2011, 10:16 AM)
here's another typical human being character, it was $88 when i first bought in late 2008. managed to grab 10grams only doh.gif

even Jan this year $140 and Feb dropped to $130, just added a few more grams  cry.gif
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Lesson learned, better buy now -> thumbup.gif ;or regret later -> cry.gif







smokymcpot
post Aug 5 2011, 02:53 PM

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If you guys had rm 1k to invest, would you get a 1/10 oz. and 1/20 oz. gold bullion coin or get 6oz of silver bullion coin? Do give your reason also. Thanks
kueyteowlou
post Aug 5 2011, 04:12 PM

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QUOTE(lustman @ Aug 5 2011, 05:27 AM)
typical malaysian move  flex.gif
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nod.gif true.. but it's sad for us.. got no discount on purchasing more sweat.gif
FrancescoTop8
post Aug 6 2011, 03:50 PM

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S&P officially downgrade U.S.
http://online.wsj.com/article/BT-CO-20110805-718118.html.

Expecting huge upward for gold next week flex.gif
clothesforababy
post Aug 6 2011, 04:24 PM

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Attention to all lowyat.net users----> As always, common sense prevails. If the deal is too good to be true. IT IS! You cannot imagine how people will go the extra length just to con a few bucks. For gold, its a common trading commodity since centuries ago Do you think we will have 20 -30% margin difference to trade? Get Real! People are telling you that because they themselves wants to make a quick buck from you
rationality88
post Aug 6 2011, 04:55 PM

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QUOTE(clothesforababy @ Aug 6 2011, 04:24 PM)
Attention to all lowyat.net users----> As always, common sense prevails. If the deal is too good to be true. IT IS! You cannot imagine how people will go the extra length just to con a few bucks. For gold, its a common trading commodity since centuries ago  Do you think we will have 20 -30% margin difference to trade? Get Real! People are telling you that because they themselves wants to make a quick buck from you
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Hi thanks for the warning. Newbie in gold trading. How does one start?
kevyeoh
post Aug 6 2011, 06:12 PM

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don't really understand...can explain a bit?

QUOTE(quackpack @ Aug 5 2011, 12:08 AM)
major selling for profit taking happening now

late comers get your cash ready!
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tothebest
post Aug 6 2011, 11:00 PM

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anyone can tell me which shop give a good price if i wanna sell gold?
whizzkid
post Aug 7 2011, 12:09 AM

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QUOTE(tothebest @ Aug 6 2011, 11:00 PM)
anyone can tell me which shop give a good price if i wanna sell gold?
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what type of gold u wanna sell? weight & purity?



quackpack
post Aug 7 2011, 12:27 AM

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its either investor would sell of their commodities to pay off debts which leads to gold dipping heavily

or

gold make a small dip in correction and say byebye to current level

p/s : pure speculation,good luck guys biggrin.gif

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