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

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hariz.zaki2
post Aug 19 2011, 10:59 AM

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QUOTE(joey85 @ Aug 19 2011, 10:55 AM)

for PAMP suisse.. can i know how i can sell it if i buy it? im thinking to buy but not sure where to sell >.< does bank accept it?
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someone please answer this question please. also in what denomination the gold is easier to sell. since 1oz is too much of a gold to buy.
lustman
post Aug 19 2011, 11:00 AM

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QUOTE(C-Note @ Aug 19 2011, 10:51 AM)
hmmm which do u think is better, open an UOB account and withdraw physical gold OR buy PAMP suisse directly from goldsmiths?
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DON'T buy Pamp from goldsmiths, expensive. Alternatively, you can do your own survey to find out.

SilentSerpent
post Aug 19 2011, 11:01 AM

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QUOTE(joey85 @ Aug 19 2011, 10:52 AM)
gold investment is kinda long investment (to me) so maybe u can opt for UOB since selling price is cheapest among other + spread price lowest as well.. (for me) i dont mind to go UOB branch (even it is less branches around) the 1st time or invest in one go... tongue.gif 
not really that mega sales compare to last few weeks when US announce debt crisis  sweat.gif
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ah.. thanks a lot for the suggestion. yeah, i think it could be a medium-term investment as well. while its cheap now, just go open one now, and let it grow for a year or two laugh.gif
anucia
post Aug 19 2011, 11:03 AM

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Should I start it now or shall I wait. From the graph , I see, there is only a sudden hike in the month of August. I'm afraid this hike might neutralize sooner?
monsta2011
post Aug 19 2011, 11:03 AM

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QUOTE(nick.woocs @ Aug 19 2011, 10:48 AM)
any good blue chip stocks to recommend?  brows.gif
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Sifus there in stock exchange forum can advise u biggrin.gif . I only buy based on personal preference. By the way the bottom is not the 2008 crisis bottom but it's low enough to buy on bargain laugh.gif

This post has been edited by monsta2011: Aug 19 2011, 11:04 AM
joey85
post Aug 19 2011, 11:05 AM

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QUOTE(SilentSerpent @ Aug 19 2011, 11:01 AM)
ah.. thanks a lot for the suggestion. yeah, i think it could be a medium-term investment as well. while its cheap now, just go open one now, and let it grow for a year or two laugh.gif
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welcome .. im not too sure it is cheap or not now.. heard that it might drop bit and up slowly.. also heard that it might up to USD1900 (now USD1831.8 per oz)... smile.gif
monsta2011
post Aug 19 2011, 11:06 AM

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QUOTE(anucia @ Aug 19 2011, 11:03 AM)
Should I start it now or shall I wait. From the graph , I see, there is only a sudden hike in the month of August. I'm afraid this hike might neutralize sooner?
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It's deja vu again from last week. I believe we'll see a slight correction on Monday.
nick.woocs
post Aug 19 2011, 11:09 AM

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QUOTE(monsta2011 @ Aug 19 2011, 11:03 AM)
Sifus there in stock exchange forum can advise u biggrin.gif . I only buy based on personal preference. By the way the bottom is not the 2008 crisis bottom but it's low enough to buy on bargain  laugh.gif
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thanks! i shall go there and have a look rclxms.gif rclxms.gif
SilentSerpent
post Aug 19 2011, 11:10 AM

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QUOTE(joey85 @ Aug 19 2011, 11:05 AM)
welcome .. im not too sure it is cheap or not now.. heard that it might drop bit and up slowly.. also heard that it might up to USD1900 (now USD1831.8 per oz)...  smile.gif
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yeah, i think so too. i have a feeling it will go down a bit before it picks back up again. just waiting for the right time to pounce now.
jphlau
post Aug 19 2011, 11:16 AM

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QUOTE(SilentSerpent @ Aug 19 2011, 11:10 AM)
yeah, i think so too. i have a feeling it will go down a bit before it picks back up again. just waiting for the right time to pounce now.
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it was 1730++ a few days ago... now 100++ up in less than 7 days.. You have miss the ride...
nick.woocs
post Aug 19 2011, 11:17 AM

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it is reaching rm5500/oz!!
SilentSerpent
post Aug 19 2011, 11:26 AM

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QUOTE(jphlau @ Aug 19 2011, 11:16 AM)
it was 1730++ a few days ago... now 100++ up in less than 7 days.. You have miss the ride...
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yeah, i know sad.gif
i just started to get interested in this a few weeks ago, but really2 intent on buying a few days ago.
how i wish i had known earlier. sad.gif

im still new to this, so
what are the chances of it going down to that levels again? laugh.gif
monsta2011
post Aug 19 2011, 11:33 AM

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QUOTE(SilentSerpent @ Aug 19 2011, 11:26 AM)
yeah, i know sad.gif
i just started to get interested in this a few weeks ago, but really2 intent on buying a few days ago.
how i wish i had known earlier. sad.gif

im still new to this, so
what are the chances of it going down to that levels again? laugh.gif
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I believe the bargain hunters could push the stock markets up on Monday, but not sure with gold.
spikyz
post Aug 19 2011, 11:34 AM

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hahaha abang ular, pekara lama jangan di kenang.

btw there are 2 stratergy liao.

1. buy now, and dont care much about abit of dip or correction later, just hold to your gold and im pretty sure it will rise forward nevertheless.

2. wait for correction, buy during that time and hold.

usually for no.2, it wont happen very often..and usually..when u wait wait wait for corection, that time already 2000/oz (compared to 1800 now) and then got correction, which slight dip to 1950oz..u still rugi ma.. haha

depends on preference la abang ular, most importantly, depends on ur pocket =D
jun16
post Aug 19 2011, 11:36 AM

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ahh~just brought at rm177.40 uob biggrin.gif

gold price rise rise rise!!!! notworthy.gif
nick.woocs
post Aug 19 2011, 11:39 AM

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QUOTE(jun16 @ Aug 19 2011, 11:36 AM)
ahh~just brought at rm177.40 uob biggrin.gif

gold price rise rise rise!!!! notworthy.gif
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lucky u, if you went early morning the price was RM177.50
jphlau
post Aug 19 2011, 11:40 AM

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QUOTE(SilentSerpent @ Aug 19 2011, 11:26 AM)

what are the chances of it going down to that levels again? laugh.gif
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if i know, warren buffets will kow tow to me...
nick.woocs
post Aug 19 2011, 11:42 AM

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QUOTE(jphlau @ Aug 19 2011, 11:40 AM)
if i know, warren buffets will kow tow to me...
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dont worry, it will continue raising up again. instead of waiting for it to drop, just stock it up now and c it rise drool.gif drool.gif
lee90
post Aug 19 2011, 11:47 AM

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Im going to open an UOB saving account 1st later, waiting for the correction, i believe the price will drop a little bit (mayb $1770 or $1800) before it hikes again to $2000.
Dackson
post Aug 19 2011, 11:47 AM

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can i open the gold saving account 1st without gold ?

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