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Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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wu ming
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Mar 3 2011, 10:43 AM
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QUOTE(soundsyst64 @ Mar 2 2011, 01:35 PM) i'm more into long term investment. dinar coins have 1, 5 and 10, and also 50 gram gold coins. I'm planning to take at least 1 dinar x 3 pcs for starters since I have limited budget to get 5 or 10 dinar. I bought a few dinars back then last year on March. When I buy back the I told myself so expensive still buy. I must be stupid. If I remember clearly, it was price at RM500.00 back then but look at the price now. Sweat, I just manage to buy 1 piece of the 1 Dinar Perak yesterday. Very popular and sold out on the spot once it is being open for online booking. This goes into my collection. This post has been edited by wu ming: Mar 3 2011, 10:45 AM
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frankzane
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Mar 5 2011, 12:25 AM
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QUOTE(aeronic @ Mar 1 2011, 12:23 PM) i would recommend public bank and maybank gold savings passbook the price for public bank is slightly higher, but the spread (buying vs selling) is the same so it is roughly the same you can refer to this post below from v1: i just got to know that public bank gold account got hidden charges! the customer service told me that if our acc is not active for more than 6 months, a fees of rm10 will be chraged to us. just wanna double confirm here....
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egyprince
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Mar 5 2011, 03:44 AM
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Hi there...just like to know what is the SPREAD that u all mention above??
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kucingfight
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Mar 5 2011, 12:05 PM
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Look at all my stars!!
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QUOTE(egyprince @ Mar 5 2011, 03:44 AM) Hi there...just like to know what is the SPREAD that u all mention above?? As i replied before 'If u check the spread value PBank and maybank is around RM5.50 Where as, UOB is only Rm2. No brainer, and i went for this'
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sicklad77
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Mar 5 2011, 11:56 PM
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http://www.horlic.com/comparison-between-5...hoose-the-best/I used this as reference to choose which bank I wanted to invest into. Here are listing comparison of 5 banks in Malaysia for the gold accounts. Hope it help others as how it helped me
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jtleon
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Mar 6 2011, 01:14 AM
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Getting Started

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QUOTE(frankzane @ Mar 5 2011, 12:25 AM) i just got to know that public bank gold account got hidden charges! the customer service told me that if our acc is not active for more than 6 months, a fees of rm10 will be chraged to us. just wanna double confirm here.... really? i was not informed about this just that if my gold account has lower than 10g, then RM10 will be charged at the year end.
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wodenus
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Mar 6 2011, 01:37 AM
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QUOTE(skyline34 @ Mar 1 2011, 06:57 PM) wana get advise i got offer frm bank which im allowed to loan out RM10k, shud get the 10k n invest to this gold investment thingy? tq. You are narking futz... what if it drops, then you have to pay back the capital (which you don't have now that the value has dropped) and the interest. Never play with money you can't afford to lose
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sicklad77
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Mar 6 2011, 01:39 AM
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From the link I provide, there's a table of comparisoon between the 5 banks in Malaysia. On the table got a part where it list the "hidden charges" as you all would say. The 4th info on the table
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FrancescoTop8
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Mar 7 2011, 12:36 PM
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Getting Started

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I believe China + Russia will realise "BLACK MARCH" 2011. Cant wait.
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tohzw
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Mar 7 2011, 02:27 PM
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New Member
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is this gold savings acc. by citibank new? Citibank Gold Acc
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ikhwanii
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Mar 7 2011, 05:42 PM
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New Member
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QUOTE(FrancescoTop8 @ Mar 7 2011, 12:36 PM) I believe China + Russia will realise "BLACK MARCH" 2011. Cant wait. What's black March
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FrancescoTop8
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Mar 7 2011, 06:49 PM
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Getting Started

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QUOTE(ikhwanii @ Mar 7 2011, 05:42 PM) China + Russia + few countries officially denounce USD. Guess what will happen to gold if BLACK MARCH really realised as planned ?
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gark
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Mar 7 2011, 06:52 PM
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QUOTE(FrancescoTop8 @ Mar 7 2011, 06:49 PM) China + Russia + few countries officially denounce USD. Guess what will happen to gold if BLACK MARCH really realised as planned ?  Yeah, china have more than 1 Trillion holdings in USD Treasuries, as if they will denounce the USD.
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FrancescoTop8
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Mar 7 2011, 07:17 PM
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Getting Started

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QUOTE(gark @ Mar 7 2011, 06:52 PM) Yeah, china have more than 1 Trillion holdings in USD Treasuries, as if they will denounce the USD.  I really hope China will dump US, so economic power will shift from west to east. And China lately really crazy for Gold standard.
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97th Mobile
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Mar 7 2011, 08:19 PM
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New Member
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Any one knows of ways to short the gold spot price other than thru forex broker?
I try not to play with leverage cause i am not experienced enough...
as far as i understand most of the forex broker give leverage.
Thks
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myasiahobby
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Mar 7 2011, 09:03 PM
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QUOTE(egyprince @ Mar 5 2011, 03:44 AM) Hi there...just like to know what is the SPREAD that u all mention above?? SPREAD is selling value minus the buying value, then u see the different.
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kucingfight
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Mar 7 2011, 10:21 PM
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Look at all my stars!!
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bought couple of silver bars today. Poor man's gold. potential is there to rise
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oumind
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Mar 8 2011, 06:31 AM
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QUOTE(97th Mobile @ Mar 7 2011, 08:19 PM) Any one knows of ways to short the gold spot price other than thru forex broker? I try not to play with leverage cause i am not experienced enough... as far as i understand most of the forex broker give leverage. Thks Buy USD-denominated assets, e.g. funds, shares, FD, bonds
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97th Mobile
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Mar 8 2011, 08:15 AM
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New Member
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QUOTE(oumind @ Mar 8 2011, 06:31 AM) Buy USD-denominated assets, e.g. funds, shares, FD, bonds Thanks  , but sometime the gold spot or silver spot price does not co relate with USD very well (they might drop together)
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ycs
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Mar 8 2011, 09:24 AM
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QUOTE(kucingfight @ Mar 7 2011, 10:21 PM) bought couple of silver bars today. Poor man's gold. potential is there to rise where can buy silver bars in KL?
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