Plus they are dealing with solid gold not paper gold. Companies like Poh Kong are considered the 'middle men' in gold trading so of course any gold price would include their profit margins.

what about other gold brands like PAMP Suisse? Do they accept? Will they buy according to their daily set price?

So which type should I buy? the one that follows FGJAM or global price?

they say there will be a correction in coming and the gold price will drop to $1600/$1650 per oz.

Anyone knows what's the correction ?

and found this article
http://www.mineweb.com/mineweb/view/minewe...tail&pid=102055

also saying gold price will be at $1600 level in Q4 2011.

This post has been edited by trumpfnx: Aug 17 2011, 06:18 PM

people can only predict, no one know for sure.
since gold price has gone up very fast these few weeks, people are saying that correction is coming. when and how much, we dont know.

Better goes down to 1600 then i'll stock up more

most of u pick which bank to invest paper gold? is it good with UOB? lowes spread..

Most of us have either Maybank or Public Bank gold investments because until mid last year, those were the only 2 banks with GIA. Then later came UOB. If i invest in gold again now, i will surely got for UOB since their spread is only RM2. Maybank and Public Bank are ripping us off.

Yeah as well as CIMB the spread also keep increasing

Price of gold is $1792.50 at 22.25 which is an increase of $6.80

But Dow Jones is also up 93.6 pts.

Strange... I tot if DJ up Gold will be DOWN???

Why ah?

They still accept PAMP Suisse from other shops if you hv the receipt but how much lower they are willing to buy back is up to their discretion la, usually is 25% below their FGJAM price. For me, i will go for PAMP Suisse which that is close to global price lor, why pay premium for the same thing?

Probably the Euro debt crisis pushes up the gold.

Yes I think so too..

Comex Gold went up 9.80 at 2239.

My my....

So go for UOB then.. thanks.. might i know what is GIA? stand for?

GIA = Gold Investment Account.

There is no definitive trend between stocks and gold. Yes a drop in stocks will mean investors moving to other commodities. What's happening now is that due to the volatility in the stock market, investors are falling back to gold as their primary investment. So even though stocks may rise for a few days but the rise isnt enough for investors to leave gold.

Investors also know that despite the rise in stocks early this week, the general economic conditions in US and Europe is poor with a threat of another recession getting stronger by the day.

Any investment either in stocks, commodities, bonds or currency is risky now. We must strive to choose investments with the lowest exposure to risks. Nobody has a crystal ball so nobody will know for sure which will fall and what will rise in the future. Just spread your investments and dont leave all your eggs in 1 basket.

Gold is trading at US$1,787 now. Quite stable past few days. I think gold needs to clear the 1,800 barrier 1st before we see any drastic changes. If it drops below the 1,725 barrier then it will go further as market sentiments will drop as well. Let see what happens.

This post has been edited by cybermaster98: Aug 18 2011, 07:56 AM

for you to ponder.....

"there is no income from gold; it is all capital gain/loss. History shows that the reinvestment of dividends can add a significant turbo boost to returns in the long run. However gold offers no such addition to capital gain and, unless it goes up in price, you make a loss in real terms."

so, what do you think?

that's why i think that we cannot put all our money into precious metals.
most of my moneys are in ASB, stock market, tabung haji and banks.
only properties have not made it into my protfolio yet... hehe

Interestingly most economist thinks that the financial storm is coming and we are currently looking at an abyss.

Dark days are coming...

Any thoughts or comments on these??

What is Bank Negara policy on GIA? Does the bank need to buy certain % of gold to back the amount of GIA deposit they have?

I still go for paper gold for many reasons. And the main reason for physical gold is when uncertainty happen such as war/govt collapse/bank collapse/etc. Like many already said, if those events happened... we have much BIGGER THINGS to worry about.


I do agree that if our banking system fails, all things will crumble. What is going to happen to Ringgit Msia? What is going to happen to our money in the bank (FD/Current & so so). If Msia govt can't save the bank, how certain PIDM can save us?

This post has been edited by jimmyay: Aug 18 2011, 09:20 AM

did you know.....

yes, there's no income from gold BUT the capital gain itself is much higher than other investment instruments UNLESS if you're talking about a million ringgit worth, then i'd diversify some to properties.

what do you think?