Pls be aware gold company is very different from the metal itself.

The companies can be loss making inspite of such increases in the metal.....pls DYODD before you plunge in.
Its much more complicated.

Taking profits on my paper gold GLD.............

Some are talking about gold price passing 2000 point now. Crazy!

Why crazy? $2000 is only $200 from $1800 and only 11% to go.....no big deal.

Gold has climbed from $220 in 2002 to $1800 in 2011

and was $1309 in Feb2011.

People are talking $5,000. $2,000 is olde story

Yes US$ 2,000 per ounce is only the next target barrier but something that's very possible to achieve. But gold is very volotile. 1 hour ago it was trading at RM 5,473 per ounce and now its dropped to RM 5,360. But as long as the trend is upwards, the price will keep going up.

But the question is: Do we still continue to invest or just be contend with current investments? Im thinking of going into UOB now since the spread is only RM2 compared to Maybank with RM 7.20

im confuse here, now UOB better or KFH?

i am contented.

just sold some paper GLD for a 23% profit over 7 months.....will collect again in the volatility

i think my brokerage is cheaper than yer Rm2 spread? Its 0.3% fees.......

Should be 2% vs 7+% spread right?

did those who got the GSPA/maybank letter to buy 150g below the rated pricing frm their website?
how attractive is it?

No its RM 2 vs RM7. UOB seems fixed but Maybank fluctuates as the price increases.

What letter? I didnt get any letter. Do provide more details please.

it says as u knw maybank change the name frm GSPA to MGIA and for limited time to 2/9 can opt to convert it to physical gold as after this no more physical gold only paper account and can have special pricing when buying 150g by showing the letter received.

hi is Maybank Gold investment account acceptable for "frugal" investor?

I understand the initial amount needed is around RM4000.

and monthly, maybe save 1-2gram.

if 1 gram is RM200, how much transaction fee does maybank charge ?

no la after this u buy 1 g or left min 1 g also ok, no need so high amount , min is 1 g for each purchase, no fee involved also

thanks! i think i'll go open an account now

If it's in ringgit then
Eg 1. spot price = RM100/g

UOB sells at RM102 and at buys 98
MayBank sells at RM107 and buys at 93

Eg 2. spot price = RM 10000/g

UOB sells at RM10002 and buys at 9998
MayBank sells at RM10007 and buys at 9993

Doesnt seem right...

JP Morgan are targeting $2500 for this year.

wow

still got many % to go

go to jewellery shop and buys lots and wear them on your body

Guys I'm planning to open a gold investment account, from what I read, the best is UOB is it?