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

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chengcheng
post Aug 12 2011, 05:32 PM

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Gold prices has been dropping or steady the last 2 days.

Next week how ah? Drop sum more?

cry.gif cry.gif

echoesian
post Aug 12 2011, 05:35 PM

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It'll be going for a correction to $1600~ish /oz for the next couple of weeks
lee90
post Aug 12 2011, 05:49 PM

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QUOTE(echoesian @ Aug 12 2011, 05:35 PM)
It'll be going for a correction to $1600~ish /oz for the next couple of weeks
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Where did you get this news blink.gif
T630
post Aug 12 2011, 06:17 PM

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prices has been humbled to 1,750 regions, but be prepared it will jump again once euro crisis resurgence... sweat.gif
monsta2011
post Aug 12 2011, 06:57 PM

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QUOTE(chengcheng @ Aug 12 2011, 05:32 PM)
Gold prices has been dropping or steady the last 2 days.

Next week how ah? Drop sum more?

cry.gif  cry.gif
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Wait till it climbs back Bro, gold prices fluctuate on a daily basis just like stocks do. Until the US debt crisis is solved, the price of gold will remain high.
benedict1213
post Aug 12 2011, 08:13 PM

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QUOTE(lee90 @ Aug 12 2011, 05:47 PM)
swt, just went to UOB and the guy there told me that it is already 3pm and they 'cut-off' already, need to wait monday just can buy gold..  cry.gif
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no deal, is a good deal.. be happy in your life. icon_rolleyes.gif

Added on August 12, 2011, 8:17 pmon the same times, some investor do sell-off some gold and restock into share market while waiting for QE3..

This post has been edited by benedict1213: Aug 12 2011, 08:17 PM
lamode
post Aug 12 2011, 09:05 PM

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QUOTE(T630 @ Aug 12 2011, 06:17 PM)
prices has been humbled to 1,750 regions, but be prepared it will jump again once euro crisis resurgence...  sweat.gif
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trading at 1745 now.

just loaded up some rclxm9.gif
prophetjul
post Aug 12 2011, 10:11 PM

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QUOTE(lamode @ Aug 12 2011, 09:05 PM)
trading at 1745 now.

just loaded up some  rclxm9.gif
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buy on weakness...........tis now $1735

Hopeful it will see 1600s to re load.........
azizulego
post Aug 12 2011, 10:19 PM

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Hi,

I want to buy physical gold from UOB next monday.

Is it strictly for their customers only ( imean people with UOB bank account)?
lustman
post Aug 12 2011, 10:50 PM

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QUOTE(azizulego @ Aug 12 2011, 10:19 PM)
Hi,

I want to buy physical gold from UOB next monday.

Is it strictly for their customers only ( imean people with UOB bank account)?
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No, as long as you have the dough you're good to go thumbup.gif

FrancescoTop8
post Aug 13 2011, 12:19 AM

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FRIENDLY REMAINDER

To all muslim(gold holder), please pay your gold zakat.

2.5% from total value of your gold.

Melabur bagus tapi jangan abaikan perintah agama. notworthy.gif

http://www.zakat.com.my/
insaint708
post Aug 13 2011, 12:36 AM

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QUOTE(megabyte @ Aug 12 2011, 04:10 PM)
Haha won't lar I did the same yesterday. I collect my money from HSBC then open gold savings account in UOB. Simple and fast. They even gave me an ATM card, I don't know if there's any charges for the ATM service though, didn't bother to ask.

The reason I opened the gold savings account is to start learning investment, so I start from small, but my friend said silver better if you don't have a lot of cash. But oh well, what done is done. No point regretting like sifus here says. I still have a lot to learn from sifus here.
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how many grams u bought and in what price?
lustman
post Aug 13 2011, 05:39 AM

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Finally, I've closed my gold account with Maybank @ 165 rclxm9.gif

This post has been edited by lustman: Aug 13 2011, 05:41 AM
Nidz
post Aug 13 2011, 10:41 AM

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QUOTE(lustman @ Aug 13 2011, 05:39 AM)
Finally, I've closed my gold account with Maybank @ 165  rclxm9.gif
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Why u close la? Cashing out for duit raya or cashing out to buy physical gold?
kuhfayLover
post Aug 13 2011, 11:01 AM

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QUOTE(lustman @ Aug 13 2011, 05:39 AM)
Finally, I've closed my gold account with Maybank @ 165  rclxm9.gif
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What was ur buying price? I also planning to close the maybank gold account which opened last year. wink.gif



lustman
post Aug 13 2011, 11:49 AM

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QUOTE(Nidz @ Aug 13 2011, 10:41 AM)
Why u close la? Cashing out for duit raya or cashing out to buy physical gold?
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i've 2 accounts, maybank and KFH, so close and transfer all to another.

Added on August 13, 2011, 11:52 am
QUOTE(kuhfayLover @ Aug 13 2011, 11:01 AM)
What was ur buying price? I also planning to close the maybank gold account which opened last year.  wink.gif
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i bought staggering from Nov 2008 till Jan 2011. go figure.


This post has been edited by lustman: Aug 13 2011, 11:52 AM
cybermaster98
post Aug 13 2011, 11:53 AM

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QUOTE(lustman @ Aug 13 2011, 05:39 AM)
Finally, I've closed my gold account with Maybank @ 165  rclxm9.gif
SHould have just kept it and opened separate accounts with other banks if u wish.
kevyeoh
post Aug 13 2011, 11:54 AM

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Well... Cannot be greedy and expect price to always increase.... Just hope long term will be on uptrend...
lustman
post Aug 13 2011, 01:09 PM

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QUOTE(cybermaster98 @ Aug 13 2011, 11:53 AM)
SHould have just kept it and opened separate accounts with other banks if u wish.
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KFH = syariah compliance

here's a tot.

example 100g - when you sell bank buy, rate let say 165/g = 16500, then you buy bank sell, rate let say 175/g = 17500.

so to get back the original 100g you need to add 1000.

in this case, profit or loss?
jun16
post Aug 13 2011, 06:23 PM

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hey~i am a newbie~i hope to get some information about this gold investment....well,i'm just 17 year old but going to 18 2 more month rclxm9.gif
since i am a newbie so where can i buy those gold?
minimum need by how much?buy per grams?
must reach 18 year old or older to buy?
got money can buy or need to have steady work salary only allow to buy?
what is the risk? rclxub.gif

hope all sifu can giv some advice...

This post has been edited by jun16: Aug 13 2011, 06:30 PM
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