not familiar with places to sell gold.

ok will check out these places. thanks for the info

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Added on August 9, 2011, 12:01 amhas anyone trade with sri ayu/gcp/oneau before? is it trustworthy dealers?

just wanna sell off some gold for cash.


This post has been edited by jutamind: Aug 9 2011, 12:01 AM

I trust Nubex and Merlimau DuaLogam.

They are trustworthy.

My friends did some transactions with them smoothly.

with current gold price uptrend, should i buy more gold now or wait? please suggest.

if buy from nubex, how to sell the gold back?

They have gold buy back. Need to check with them for the price.

ask yourself this question first. how much are you buying?

if 1000 oz then maybe you can wait and see.

if 100 oz and below then close eyes and buy.

100oz = Rm530,000......close eyes and BUY!

trust me, no one will ever buy 100 oz at one shot unless you're a millionaire and have lots of extra cash under your bed. most people will just go for 1 or 2 oz. that's why close eyes and buy.

btw, i'm talking about gold weight in oz. just do the conversion.

Hey thats what you said



i just did the conversion to ringgit

wow! price is now usd1,740 still rising...

Think you meant no one here. There are a few that i know of are buying in KG's but most of them bought at 1400-1500.

Dont see gold price hike consolidating until sectorial economic reports from europe or US is out in Sept

If the manufactoring side yields are not as good, the price is just going to keep flying up.

Wonder why Moody's didnt give a report on United states Debt.
Is it because the one of the main shareholder sold USD800m worth of gold back in March??



This post has been edited by cRiXaLis: Aug 9 2011, 11:16 AM

1760 now..seriously? 100usd up from 1660 last friday... now its look worrying. i like linear increase, but not spike.

If you look at the graphs, it reverse-mirrors what's happening in the global burses. If you think the markets are still going to keep tanking, and I think it is a good chance they keep doing so, then you can expect the price of gold to keep going up also.

Remember in the past the safe haven was the USD. So when the markets tanked, investors flocked to the USD. Now the USD is in the craphouse, so gold has become the new standard.

JP Morgan have just revised their gold price expectation that THIS YEAR it will hit USD2500/oz. Of course not everyone agrees, but I'm sure all the people who said that gold at USD1000/oz was too high to invest in and was definitely a bubble are a bit upset now...

it will easily hit usd2k in the coming weeks, good gamble in buying spot

just openned public GIA yesterday, today found out UOB have smaller spread, should i switch to it?

Up to you. Sometimes convenience factors (branch near you, less queues, easy parking) overcome minor differences in spread. And if you are buying a lot, around 300g and above, you can nego the rate.

one day it will be revised with a difference of more than RM2/gram

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Added on August 9, 2011, 1:46 pmif U stay near UOB branch then switch lah, no need to think already.

This post has been edited by GoldChan: Aug 9 2011, 01:46 PM

convenient is a factor coz i already had a public bank account as its my payroll account, last year when 4300/oz i said too expensive, wait and see la, wait till now 5300/oz.. i dont want to wait d then go open it, its convenient for me coz got online transaction, does UOB got online transaction, if got then is ok for me too coz i seldom go to the bank?

and i wont buy 300g 1 shot la, i just will buy 20g every 2 to 3 months.

at first my friend told me to buy physical gold; after thinking then i still thinking GIA better lor, but they say holding the gold in habd is more secure and the feeling more syok... what you view in this

as of 9th August 2011, according to technical indicator it is already overbrought, RSI-14 > 70 on daily and weekly basis.
However, the ADX show that it is still an uptrend. DMI+ > DMI - and ADX is 37.
thus, though it is overbrought, it is not sure how long or how far can the price move before it comes down again.

i was planning to open acc with KFH... but the recent spike in price makes me wanna wait for 1-2 weeks for all to calm down abit. ok or not?