what if it doesn't.. when do you start to buy??

going to open an acc soon

Well im monitoring the US stock market as well. That should give a rough indication if prices will hold or drop further. But for now, i think prices may hold for now. But read the following article posted today:

http://biz.thestar.com.my/news/story.asp?f...96&sec=business


This post has been edited by cybermaster98: Aug 15 2011, 10:35 AM

wow! great!
try to sell it off, see what price you can get. Then only talk on the premium.
C how long it takes you to dispose it.


This post has been edited by GoldChan: Aug 15 2011, 10:32 AM

I second that. But I think he did keep his gold collection quite nicely so I dont think he will lose extra % due to damages. But physical is good but don't forget bro, the paper gold in 09 and now also have profit margin d. Not only physical gold.

Also read this:

http://biz.thestar.com.my/news/story.asp?f...21&sec=business

http://biz.thestar.com.my/news/story.asp?f...04&sec=business

I think gold prices will rise further before end of the year. I would wait till maybe tomorrow and see how the prices fluctuate before going in. This is to ensure i goin in at the lowest price possible.

wow..

Maybank Gold price is USD 173.60 per ounce.. haha

http://www.maybank2u.com.my/mbbfrx/gold_rate.htm

a typo they didn't notice to fix even after 2 pricing adjustments.



This post has been edited by trumpfnx: Aug 15 2011, 10:51 AM

Its sold on ebay...latest prices.....

Here.......

http://completed.shop.ebay.com/i.html?_nkw...6.c0.m270.l1311

take the price - ebay charges - 4% paypal charges - risk.
USD2500 - USD100 (ebay) - USD100 (paypal) - USD50 (free shipping)
= USD2250/= 10% premium gone.
The one sold is ultra high relief then only got USD2500/-
if normal coin, won;t fetch that price. U try 2 sell locally C what price U can get and how long to dispose?
U said U got a few pcs mah. ebay.com.my FOC, COD no paypal charges.

just hope people don;t get carried away with the prices.

that why i don;t sell gold. difficult to dispose in ebay locally,
for fun, numismatic, collection what so ever, yupe sure need to keep, but 1 pc is more than enough.
most people will compare U with UOB prices. not worth the effort lah.
internationally premium going to kill u.
turn around time very2 slow.

so, better sell silver.

Read following article from CNN Money: More turbulence expected this week. I think its perfect recipe for gold to rise further.

http://money.cnn.com/2011/08/14/markets/st...ex.htm?iid=Lead

You are right about the charges.
After deducting all that, theres still a pretty premium? No?
Normally shipping is NOT free.

i dont intend to sell locally............ a 'few' pieces........
From what you have written, you have no inkling of numistatics.....
i am not in the biz, so turnaround time is no big deal to me.
i have been holding gold since 2001....whats another few years?

Silver? Look at the premiums of silver in Msia! So high premiums!
When you buy you are already holding a big premium spread.
Sell overseas? No way someone will pay for a small value coin for a big shipment cost.
SO in essence, when you buy silver in Msia, you are LIMITED to selling in Msia......very restricted.
UNLESS you hold silver numistatics, IF you understand that!
Thats the reason i trade paper silver and hold silver numis coins and NOT bars or bullions.

Guess what? The recent rally in gold tells us that in a Financial crisis, gold is King. Silver is...... ummmm
a commodity still

where did u get this chart?i go to maybank website but it still show me Last update: 12-Aug-11 at 2.38.18 PM

anyone having public bank GIA?? Want to ask, is the trading price via online is cheaper than non-online? Cause when I check the GIA info account on their website, it state that if trade via online pbe.com, Gold purchases and sales are offered at a discounted price.

let see how our net worth increase few year down the road.
each person has their own view lah. only time will tell who is correct or wrong.
No point convincing other if their have their own strong view.
But for the reader. I give them a difference view. It's up to them to decide.

Gold very little numismatic value only silver got numismatic value.
Gold price will fall, it's gone up too fast.

can one do business with gold? It's questionable. U got 1-3 million capital then can lah, otherwise very2 difficult. How to compete with UOB. Thus, most of you can only invest. things may change in the future hopefully I just need to put more effort into it.

can one do business with silver? Definitely yes!
invest + Business = very good opt for me lor.
even my customer become a seller.

still day 1, I decided only sell in M;sia. I don;t intend to go international lah, cannot compete with all the big guys, some-more courier is a hassle.

hi guys..
anyone of you have experience to convert maybank gspa to physical gold?
how much is the premium fee?

may i know that anyone heard of..., credit suisse Gold before?

on thursday morning 10am you'd get @ 171.xx, i missed the boat and it was RM169 around 230pm.

---

Added on August 15, 2011, 1:40 pmloss. unless you are buying physical or kfh's physical account. physical delivery of your gold is guaranteed

waiting for gold to return to 1600-ish, which i shall take my leave to go KFH in KL for account opening

This post has been edited by keii-kun: Aug 15 2011, 01:40 PM

Yes gold is volotile. It will go up and down. But the general trend for the past 11 years has been UP. The tactic with gold investment is to buy when its low and sell when its high. Like someone said earlier, gold investment is not just about knowing when to go in but its also knowing when to exit.

But for now gold trend is up. I dont see a major downward correction in gold prices in the next few years. So i would recommend a buy now and sell later when the prices go much higher in a few years. The world economy isnt looking good at all. The Wall Street earthquake last week is just the beginning of worse things to come.

yes i think it's a loss.

i know i missed the 171 bcos just couldn't make the time to go there but it's ok since i only have peanuts of grams unless if it's a kilo.

add another 15g at KFH today @ 171.xx , that's all i have

Aiyooo...i dont wanna compete with millionaires...

First of all, i believe the forums are to expess ones views, rightly or wrongly.
i wasnt trying to convince you of anything. You were the one who
interjected into my post, i believe.

Next,you are mixing up yer arguements

What has numis gotta do with price of gold falling? i do hope it will correct soon so i can load up somemore.
i just sold a boatload of GLD.
A gold numis is as good as a silver numis.....

Can i do biz with gold? One can do biz with ANYTHING....lookie at Genneva screwing ppl with gold!
BUT i am not interested in biz as i have mentioned

AND you made my point. You can only do silver biz in Msia. Your purchase price is too high.
i can get those same coins overseas at lower prices.