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

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monsta2011
post Aug 17 2011, 06:46 PM

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Better goes down to 1600 then i'll stock up more tongue.gif
monsta2011
post Aug 17 2011, 10:47 PM

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QUOTE(chengcheng @ Aug 17 2011, 10:38 PM)
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?
unsure.gif  unsure.gif  unsure.gif
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Probably the Euro debt crisis pushes up the gold.
monsta2011
post Aug 18 2011, 06:35 PM

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QUOTE(FrancescoTop8 @ Aug 18 2011, 06:15 PM)
Kencana petroleum unit trust yields almost 30% per year.
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er I thought Kencana Petroleum is a stock?
monsta2011
post Aug 18 2011, 09:30 PM

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I still cant imagine living in a world without the use of paper money. How inconvenience is that? blush.gif 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 biggrin.gif
monsta2011
post Aug 18 2011, 11:48 PM

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QUOTE(cybermaster98 @ Aug 18 2011, 11:06 PM)
Gold has broken through the US$ 1,800 barrier. Its now trading at US$1,821. Just wait and see tomorrow's prices in Malaysia. It will be close to RM 180 per gram unless gold drops tonite.

I think nothing will stop gold now. I should have opened up my UOB account on Monday. Damn!  vmad.gif
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Wah Bro, I thought you have a gold account already.
monsta2011
post Aug 18 2011, 11:52 PM

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QUOTE(cybermaster98 @ Aug 18 2011, 11:50 PM)
Yes i have about 400g in Maybank since May 2010. But Maybank spread is too high so i dont wanna invest there anymore. I think with the current rise in prices, the spread is now more than RM8 per gram which is CRAZY!  shocking.gif
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400 x 8 = RM 3200
Omg....
monsta2011
post Aug 19 2011, 12:09 AM

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QUOTE(SilentSerpent @ Aug 18 2011, 11:54 PM)
400g? wahh im jelly! super richfag thumbup.gif


Added on August 18, 2011, 11:59 pmsince maybank's spread is very high, is it better to go public gold or uob? sorry for the noob question sweat.gif
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UOB, Sir smile.gif .
monsta2011
post Aug 19 2011, 12:53 AM

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QUOTE(Dackson @ Aug 19 2011, 12:44 AM)
I want to ask, how M'sia bank calculate the gold price ?
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Gold spot price in USD per oz x exchange rate (USD to RM) divided by 31 (oz to gram) = RM x /g
monsta2011
post Aug 19 2011, 10:43 AM

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Now it's a good time to buy blue chip stocks too since the prices are close to bottom biggrin.gif .
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
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.
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.
monsta2011
post Aug 19 2011, 01:05 PM

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QUOTE(kelvinftg @ Aug 19 2011, 12:45 PM)
I have a forex account with IBFX Australia and they just recently added Gold/USD and Silver/USD to the pairs we can trade. Gold/USD is now at 1840 and is probably seeing 2000 very soon. Waiting for probably bad US news or a good retracement before longing again.
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So u trade on ASX?

QUOTE(monsta2011 @ Aug 19 2011, 01:05 PM)
So u trade on ASX?
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*Update: sorry u mean forex.*


Added on August 19, 2011, 1:07 pm
QUOTE(keii-kun @ Aug 19 2011, 11:52 AM)
last time i said to uob cashier, what la u slow, now already lari 10cent, it was rm154.50 but when she lock in gia it was already rm154.60.

she said ' 10cent maaa itu pun mau kira kaaa.....come come i give u 10cent hahahaha'

monsta2011,
yes, dejavu dejavu... it was like just happened yesterday.

1620 - 1820
1820 - 1720
1720 - 1840

those who bought when it was 170.20 last week (lowest i think) is smiling now hahaha
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If it goes back to 1720 I will stock up more. biggrin.gif

This post has been edited by monsta2011: Aug 19 2011, 01:09 PM
monsta2011
post Aug 19 2011, 05:35 PM

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QUOTE(jeanhl @ Aug 19 2011, 05:29 PM)
Very true, I expect for a small correction after record price surge last week but this week it went higher  sweat.gif
For sure it can go as high as US$2000 with current bleak outlook of the world economic conditions
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Hmm it did corrected at around 1750 though. Just that the increase of price is always greater than the decrease, that's why we see the upward trend.
monsta2011
post Aug 19 2011, 05:46 PM

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QUOTE(SilentSerpent @ Aug 19 2011, 04:59 PM)
i was thinking of buying next week. or should i wait for correction?
aaaaaa
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Please make sure u buy some first so that you don't miss the ride again for waiting. Reserve some money for correction later (if there is any).


Added on August 19, 2011, 5:51 pmI hope Wall St can pump out some good news to ease the panic. The Morgan Stanley report published yesterday killed the market. gosh.

This post has been edited by monsta2011: Aug 19 2011, 05:51 PM
monsta2011
post Aug 22 2011, 01:40 AM

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QUOTE(EvOKIdZ @ Aug 22 2011, 01:31 AM)
UOB is the lowest spread  thumbup.gif but too bad minimum of opening account hv to purchase 20gm  sweat.gif
gonna open next month hope gonna earn in long term investment
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You're waiting for another month?
monsta2011
post Aug 22 2011, 10:17 PM

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Good to see greens in US market biggrin.gif .
monsta2011
post Aug 23 2011, 11:37 AM

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Gold tops $1,900, looking 'a bit bubbly'

http://money.cnn.com/2011/08/22/markets/go...rices/index.htm
monsta2011
post Aug 23 2011, 01:51 PM

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Inflation adjusted gold price.
Attached Image
Lets hope the bubble (maybe it is) dont burst tongue.gif

This post has been edited by monsta2011: Aug 23 2011, 01:52 PM
monsta2011
post Aug 23 2011, 02:15 PM

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QUOTE(prophetjul @ Aug 23 2011, 02:04 PM)
In 2008 it went from $1033 to $681. Down 35%Can you stomach this?
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I cannot tongue.gif . Nah if I see a sign of economic growing I'll sell smile.gif but that aint happening anytime soon.

This post has been edited by monsta2011: Aug 23 2011, 02:16 PM

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