You mean the returns on investment is higher?


Why a million ringgit worth? What if a million is only 10% of your net worth?

I doubt one can ever find out the % of gold backing for GIA. If one can provide the info + proof, I give away RM100/- straight away. First Come First Served.
GIA maybe just hedge by paper gold held in foreign exchange.

FYI, GIA is not protected under PIDM.

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Added on August 18, 2011, 10:32 amI think CME will raise the gold future contract margin from 4-5% now to about 6-8% at 23-26th August 2011 when the gold contract delivery is about to expiry. Current margin for silver is about 10%. This will cause gold price to go down.
I could be wrong.



This post has been edited by GoldChan: Aug 18 2011, 10:33 AM

erm..this might be a daft question..but what does the term "spread" mean?

EDIT: ok nvm i found out already..lol

This post has been edited by poyol: Aug 18 2011, 10:42 AM

deleted.

This post has been edited by 1host.my: Aug 18 2011, 10:56 AM

Very easy to save bank from collapse... Just print more Ringgit.... and bail out the bank(like the US did).
PIDM... easy... how much much your lost? Just print more Ringgit....

At the end people will suffers the most. With current Malaysian Leader even make me lost faith...

http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment

Better Protection: Investments in MGIA are fully backed by physical gold deposited in PAMP S.A.

Maybank GIA is protected by PAMP deposit as stated. How true is that, I have no idea. However so far only Maybank state this statment in their page, other banks like Public Bank / UOB did not mention at word about physical gold.

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Added on August 18, 2011, 11:38 amYou can print more paper money, however you cannot "create" more gold.. (ok, you can create paper gold). That's why gold has value there. When a day comes where human no longer demands for gold, the gold's value will be like a paper money too..

But, will human ever lost interest in gold ? Gold is treated as luxury item every corner in the world, and by this, we give value to the gold.

This post has been edited by trumpfnx: Aug 18 2011, 11:39 AM

It is good to have protected.. but Maybank's spread is much higher..
Up to you whether you want to be protected or pay high spread

Yes gold doesnt give you interest like other investmen schemes. So unless gold appreciates, your money is stuck. But u must also remember that returns on gold based on the past 10 years, have been significant. Gold prices have appreciated 30% since i bought 1 year ago. No other legitimate investment gives you such high possibility of returns. Of course with these returns there also comes high risk in the volatility of the gold price. So like i said earlier, dont put all your eggs in 1 basket.

Maybank states :-
The maximum amount of gold that can be sold by me/us(Maybank) will be limited to the actual balance of the gold for the time being held in my/our MGIA as recorded in the Bank’s books and records, so that no gold shall be oversold by me/us and my/our MGIA shall never be allowed to show any oversold balance.

Hmm... only Maybank is saying that huh...

Kencana petroleum unit trust yields almost 30% per year.
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It`s all depends on your stomach.
If your stomach cannot churn much risks or volatility, go for diversity or play safe.

For adventurous and Gung-ho player, high risks = high profit.
All eggs in a basket not bad at all, depends on your preference and blood(most important).

Tomorrow FGJAM increases to RM210/gm haha

er I thought Kencana Petroleum is a stock?

The more they print, the more its value drop. Same like the US, bail out cash printed but then the USD value drop.
Not long our RM will be like Rupiah. a Lot and Worthless.

wait till i buy another 100g 1st

what FGJAM price has got to do with buying gold bullion unless you want to buy jewelleries

totally irrelevent



This post has been edited by lustman: Aug 18 2011, 08:36 PM

anyway, an animation about US debt..however it does mention about the worthless fiat paper as well.. and it potray what i say earlier..which is.

u know d danger is coming, public and other investor know as well->many of you rush to bank to change ur gold paper to physical->bank didnt grant ur permission and closed their branch that day. heck i dont think each branch have gold in their vault anyway. and if u go to HQ, is there any guarantee they have enough for all of you?

now is the right time to buy gold? btw where u guys bought it?

Of course la. When the gold sell at rm150/g the sold their gold at rm180/g. Now the gold is about rm172/g the price of rm210/g is set incase the gold rise to rm180/g.. me thinks their spread is rm30.

+1 will u guys loaded up at this price?i planning to open an account 2moro at uob...

I still cant imagine living in a world without the use of paper money. How inconvenience is that? How are we going to buy a 30cen stamp with gold? 1g is already worth RM172. RM0.30 = 2 mili grams, when a small wind comes the next thing u know is..... wala bye bye