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

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FrancescoTop8
post Aug 19 2011, 10:20 PM

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QUOTE(lustman @ Aug 19 2011, 07:06 PM)
thank you everyone for your reply and i appreciate it very much.

yes i know it's a good deal and yes it's sealed and i intend to keep for long term.

actually i've asked if he has more so that i can make the same offer here but only last piece. maybe he has other lubang. see what i can find out.

thanks again everyone.

now it's already at $1870, go grease lightning....(some of you, youngster may not seen the movie, go check it out) icon_idea.gif
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In precious metals, to buy is easy but to sell are not as easy as buying.

Everyone can be a seller but most of everyone cannot be a buyer.
keii-kun
post Aug 19 2011, 11:18 PM

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QUOTE(jun16 @ Aug 19 2011, 06:21 PM)
what is uob price at 5.00pm?? rclxub.gif
they website only show 1.54pm price
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i think UOB cut off already.
maybe lots of people come to sell of their GIA so they are too busy to update hahaha.

cyber is correct, last week was the retracement for previous high 1814. damn.....

lustman, it is a good deal. just snap it. else ramai buaya here waiting to ngap.
lustman
post Aug 19 2011, 11:37 PM

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QUOTE(FrancescoTop8 @ Aug 19 2011, 10:20 PM)
In precious metals, to buy is easy but to sell are not as easy as buying.

Everyone can be a seller but most of everyone cannot be a buyer.
*
excellent point but no one is selling.

if you sell then what's the point buying. only fools sell bcos short sighted.

so just buy and buy and buy till your pants drop (until pokai). but please don't buy till you sleep on the road-side. rclxm9.gif

tothebest
post Aug 20 2011, 12:45 AM

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1/4 OZ GOLD MAPLE LEAF + 1/10 OZ GOLD MAPLE LEAF- not uob, for sell,pls pm amount that u offer and your tel number.(for KL only)
Nidz
post Aug 20 2011, 12:57 AM

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QUOTE(tothebest @ Aug 20 2011, 12:45 AM)
1/4 OZ GOLD MAPLE LEAF + 1/10 OZ GOLD MAPLE LEAF- not uob, for sell,pls pm amount that u offer and your tel number.(for KL only)
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Got pics/ more details? I'll come up with an offer later. Now on a journey.
mdportrait
post Aug 20 2011, 05:55 AM

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yesterday price 19ogos2011

morning=1gm/RM172
tengah hari=1gm/177
petang=1gm/RM180


OMG!
lustman
post Aug 20 2011, 06:46 AM

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QUOTE(mdportrait @ Aug 20 2011, 05:55 AM)
yesterday price 19ogos2011

morning=1gm/RM172
tengah hari=1gm/177
petang=1gm/RM180
OMG!
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where did you get the pricing?

prophetjul
post Aug 20 2011, 07:13 AM

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QUOTE(lustman @ Aug 19 2011, 11:37 PM)
excellent point but no one is selling.

if you sell then what's the point buying. only fools sell bcos short sighted.

so just buy and buy and buy till your pants drop (until pokai). but please don't buy till you sleep on the road-side. rclxm9.gif
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Why not sell?

i sold my paper gold...which IMO is good for trading.

I have not sold any physical since the first day i bought.

user posted image
Nidz
post Aug 20 2011, 02:01 PM

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it depends la... u buy buy buy, then suddenly need money, can sell abit la.
not necessarily sell all. but if u no need to cash for money, then no need to sell la... its okay what to take profit sometimes... ;D
chengcheng
post Aug 20 2011, 02:26 PM

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Today jeweler increase price.

Anyone knows the price?

Finally opened a GIA account in CIMB yesterday.

Pray it will continue to go up.


icon_rolleyes.gif icon_rolleyes.gif icon_rolleyes.gif

benedict1213
post Aug 20 2011, 02:32 PM

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Never expect the price go in favour of your direction, but affordable price..

keii-kun
post Aug 20 2011, 02:44 PM

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QUOTE(chengcheng @ Aug 20 2011, 02:26 PM)
Today jeweler increase price.

Anyone knows the price?

Finally opened a GIA account in CIMB yesterday.

Pray it will continue to go up.
  icon_rolleyes.gif  icon_rolleyes.gif  icon_rolleyes.gif
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congrats.
FGJAM already revised 999 to RM212.00/gm sweat.gif

if current price stays throughout the week, next monday uob buying should be at least 178.xx, i guess. and nugget should be hitting 6k already.
trencher10
post Aug 20 2011, 02:52 PM

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Should've just plonked my RM10000 that I had along with that RM16000 that I put into my GIA a few weeks ago. Is not happy. sad.gif


Added on August 20, 2011, 3:04 pmAnyone else think there'll be a correction in the short-, very-short term?

This post has been edited by trencher10: Aug 20 2011, 03:04 PM
benedict1213
post Aug 20 2011, 03:11 PM

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QUOTE(trencher10 @ Aug 20 2011, 03:52 PM)
Should've just plonked my RM10000 that I had along with that RM16000 that I put into my GIA a few weeks ago. Is not happy. sad.gif


Added on August 20, 2011, 3:04 pmAnyone else think there'll be a correction in the short-, very-short term?
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i'm looking at USD1750-1805...
keii-kun
post Aug 20 2011, 03:17 PM

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QUOTE(trencher10 @ Aug 20 2011, 02:52 PM)
Should've just plonked my RM10000 that I had along with that RM16000 that I put into my GIA a few weeks ago. Is not happy. sad.gif


Added on August 20, 2011, 3:04 pmAnyone else think there'll be a correction in the short-, very-short term?
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ya ya i should've plonked 400gm last year tongue.gif
correction happened last week, but i may happen next week or the other week? tongue.gif
whizzkid
post Aug 20 2011, 03:17 PM

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Read all this news before you deciding 'when' is the right time to buy gold...


http://www.bloomberg.com/news/2011-08-19/u...ic-concern.html

http://www.bloomberg.com/news/2011-08-20/c...mic-growth.html

http://www.bloomberg.com/news/2011-08-20/g...ent-demand.html

http://www.bloomberg.com/news/2011-08-20/t...-prospects.html

trencher10
post Aug 20 2011, 03:24 PM

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QUOTE(whizzkid @ Aug 20 2011, 03:17 PM)
Aiyo, ini news is for medium- to long-term gold saving. I just wanna find a nice gold spot rate where some people might want to cash in some gold for cash use (like the first correction seen when gold reached 1800 USD).


Added on August 20, 2011, 3:25 pmThat's the time for maximising gold holdings! When people want to take advantage of gold highs for profit gains!

This post has been edited by trencher10: Aug 20 2011, 03:25 PM
Alexdino
post Aug 20 2011, 03:48 PM

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QUOTE(whizzkid @ Aug 20 2011, 03:17 PM)
QUOTE
metal prices may be headed for a drop to $1,725 an ounce


will it? hmm.gif
lustman
post Aug 20 2011, 05:07 PM

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i was strolling at a shopping mall today and suddenly i saw Habib displaying a few pieces of PAMP ingots. i asked the pretty lady the price of per gram. i was shocked when she said $212/g. i said that's FGJAM price. yes she replied. then i walked away happily.

i believe you know the moral of the story.


TruthHurts
post Aug 20 2011, 06:35 PM

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QUOTE(trencher10 @ Aug 20 2011, 02:52 PM)
Should've just plonked my RM10000 that I had along with that RM16000 that I put into my GIA a few weeks ago. Is not happy. sad.gif


Added on August 20, 2011, 3:04 pmAnyone else think there'll be a correction in the short-, very-short term?
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How much did you bought your gold at price ? rm170/g ?


Added on August 20, 2011, 6:53 pmI notice GIA Public bank spread is up to Rm7.. last time its Rm6. Look like Gold hysteria is a good time to rake up some profits for these bankers.
I think im going for UOB gold account for the low spread.

This post has been edited by TruthHurts: Aug 20 2011, 06:53 PM

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