if i know, warren buffets will kow tow to me...

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

update from public bank
Gold Investment Account as at 19/08/11 11:15 AM

  Selling Price Buying Price
1 gram RM 180.4700 RM 173.4100
i brought 20g last week at RM170.20

if i sell... i earn that 3.2.... but why sell it?

i planned buy 20g in 2-3 months, even at that time the price is rm 190, 200, or 210 whatsoever...

just go to UOB website to check GIA Selling & buying rate
So now bank is selling 177.80 & Bank buying at 175.80?
What is the different of Premier Gold Account of UOB?

Read this article well. This is the same guy who correctly predicted the 2008 slump:

http://www.bloomberg.com/news/2011-08-05/e...in-half-1-.html

now dropping  the global price

i purchased this morning... 182... before lunch...
now i check the price is already 185... crazy...

i purchased this morning... 182... before lunch...
now i check the price is already 185... crazy...

I notice the buying-selling spread is increased compared to what I've observe last week It gives me a thought of should I top up or buy physical gold instead.

Its still at US$ 1,887 now.

lol.. it reaches 1894 just now at 2pm, but come back to 188X range..lol..

Thanks

btw, can you answer this question?
if jewellery shop sell at rm212/g and it is 6% spread.
then you sell rm190/g and i buy from you, then sell to the jewellery shop,
i will definitely make money already.
i will earn about rm9+ for a gram.
correct me if im wrong. im still new.

if i'm right,
let say for instance i buy 20g of gold at rm190/g price.
then i go sell to the jewellery shop at 6% spread at that time selling price which the price is rm212/g
i earn rm9 for a gram. then i do the same thing 5 times per day and i earn rm900 per day.
then, i repeat the same process for let say a month/30 days. then i will earn rm27k for a month(if the spread still can earn you rm9)

yeap .. "buy the dips"    like wat they say ..

i tried the IBFX demo account. Been trading / playing on the XAUUSD since last Friday. I started up with $5mil, now with $5.5mil.
Too bad this is not real account.

i am looking at a kg after selling my paper gold............paper Kg............   

Since i am targetting another kg, i am averging in........it has hit my target of 1760...........
so i will buy some today at the open..........in SPDR  SGX "GLD 10US$"  shares.   
Buy at correction dont chase. Sell on the up.................

This is my paper investmnet.

My physical's already completely bought in 2003.......never sold a single oz.
Was VERY VERY tempted to sell some at $1890........................ 

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Added on August 25, 2011, 9:02 am
No where near a bubble yet..........a teeny correction.........a bubble burst will not build up again into the trend again
The longterm bull trend is still very alive   

Guess where Gold is in the Boom/Bust phases.....................