darn...public bank gold investment... about RM157/g just early last week and now become RM166/g.... moving too fast.... and furious...

im selling Pamp Suisse 999 bar. pm me if u interested. tq

with uob gia, you'd already +10/gm

USD 1722/oz now

i think better buy physical "gold' instead of do an investment with bank:) price is cheaper actually

Someone has already opened a thread. Read and post at http://forum.lowyat.net/topic/1968264

All the best and cheers!

Gold strikes record high above $1,700
Posted: 08 August 2011 1256 hrs
HONG KONG - The price of gold struck a record high above $1,700 an ounce on Monday with dealers flocking to the safe haven metal as Asian stocks tumbled following Standard & Poor's downgrade of US debt.

The price of gold reached $1,704.30 an ounce in Hong Kong trade.

"People are just taking their money out 1/8of other markets 3/8, especially from the dollar and euro and investing in gold and the Japanese yen," a Tokyo-based trader told Dow Jones Newswires.

Asian markets were sent spinning on Monday after S&P late Friday cut the United States' AAA rating by one notch, citing deep divisions in Washington over its long-term fiscal standing.

The turmoil has led investors to seek out less-risky gold at a time of economic uncertainty.

S&P's downgrade compounded already weak sentiment amid fears that the eurozone debt crisis will spread to other nations, while the United States has posted a series of poor data indicating an economic slowdown.

It has led some analysts to warn of another global financial crisis that could even be worse than that of 2008-09.

- AFP /ls

Hi do you have the newspaper article for this online? e.g. analyst warning of another globale financial crisis?

Thanks

now the price of gold has exceeded $1700 and yet many people say it's expensive. when it was $1600 still people say expensive. at the end of the day, you have nothing bcos you're waiting for the goose the lay the golden egg.

When i bought at $330, $450, $550 and $800, many many said expensive...........

i just bought another 100 grams @ 167.5/gm... expensive? maybe... might not be in 1 month time..

http://www.channelnewsasia.com/stories/afp...1145747/1/.html

No one here interested with your AWESOME & PASTI KAYA scheme.
Leave us alone.

i'm trying to sell my 999 gold wires & leaf. asked Gold Buyer International kiosk (as recommended by someone in the thread) yesterday, and they're only buying at RM112.2/g, which i think is way too low for current gold price.

any other place to sell off the gold?

it is very difficult to find buyers if you want to sell high. most buyers are resellers so they need to buy as low as possible from you so that they can resell back for a profit. just like 2nd hand car dealers.

"weired" gold always fetch low price unless it's popular like kijang emas, maples, pamp, nuggets, etc. i'd say it's malaysian culture. don't know why like this.

i'd suggest you go to a few FB groups and place your ad there

it seems maybank already 'adjusted' their price.
spreads
maybank rm6.90 / gm
cimb rm5.00/gm
UOB still RM2.00/gm and revised the price today 3 times if not mistaken

---

Added on August 8, 2011, 7:00 pmjutamind,
have you tried asking the following
- gcp.com.my
- oneau.com.my

This post has been edited by keii-kun: Aug 8 2011, 07:00 PM

PBB selling @169.24/gm; buying @ 162.51/gm
UOB selling @ 168.2/gm ; buying @ 166.2/gm

UOB offer better rates

UOB revised 7 times since 0922.
165.10 163.10
165.60 163.60
166.10 164.10
166.70 164.70
167.00 165.00
167.20 165.20
168.20 166.20

wah like tat, u buy 922am then sell evening already untung rm1.10/gm hahahahah

you can also try http://www.sriayu.com

i think this is one of the cheapest compared to gcp or public gold

after all gold is gold is gold by any other name - and it glitters bright like gold

just branding and commissions for the distributors affect the pricing

for list of distributors in Selangor - pls contact anyone from - http://www.sriayu.com/v2/selangor

This post has been edited by zaizu: Aug 8 2011, 11:40 PM