In order to open the saving account, you need RM500.
You cannot buy the Gold via online, everything have to be done in bank [UOB]. Unless you plan to invest in PBB.

Reading so many posting, can i say the lower the SPREAD value the better?

correction I totally agree, but 1700..... cum on

when i bought in january this year, i think around 138/g,  everyone says too expensive, correction will be soon, so i waited. believe it or not i've been waiting till today. go figure.

off course, anything can happen at anytime anyday

when is the right time to buy gold, is depends on how long u wanna hold on the gold.

for long term, you have less to worry as gold price will definitely increase after few years.. maybe the % not as much as now, but it is still increase in value after years..

why gold increase ? because our inflation % is getting higher and higher.. take a look at our salary in our country..

A normal fresh grad with a degree can easily get RM2.8k-3.k+ in some MNC. Do fresh grads get even RM2.8k in 5 years back ? Back in that time there is even lesser degree holder in our country.

Our RM value is dropping, and our purchasing power toward golds is decreasing, and thus gold price will always increase.

If you bought physical gold, nothing to worry, as the gold bars sure looks great no matter how you look at it, that's the humans' obsession and desire on gold.

This is my opinion and views though..

If bank around the world are buying gold.... is there a bubble??

Down to $1700?? wow!

Then it will be BBB mode??

   

Maybe $2,000,  $3,000, $5,000 OR $10,000?
Price is not the guiding light. Otherwise i would have sold long time ago since entering in 2002.

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Added on August 23, 2011, 2:11 pm

depends what you mean by 'drop'.

Evry upleg is always accompanied by corrective waves. Otherwsie the price of gold will be $50,000 now!

If you refering to a major correction, look now further.

In 2008 it went from $1033 to $681. Down 35%Can you stomach this?

kitco.com

yup, UOB now at 178.50, i sold part of my gold yesterday when it reached highest point at 182.60 to save my capital for the drops.

the price is quite stable now at 184x-185x

yes at counter, the UOB spread is quite small and i did profit a very small amount from it. Yes you should keep yours.

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Added on August 24, 2011, 12:52 pm

yes, if you have extra money, cash in now and also cash in later..

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

PG Dealer... you are really funny.

Gold price is making correction today.. make your buy now. Gone to Maybank to top up my GIA account.

Read the article carefully. It states that we're looking at the Awareness Stage. That was back in Nov 2010. Meaning they were still at the Stealth Stage at that point in time.

So based on current price increases/drops, i would say that we are probably in the bear trap. But the question is are we at the bottom of the bear trap or just entering? Personally, i dont think we've hit bottom yet. We might hit bottom next week or next month. I think there's still room for more correction to come.

hmmm, do you guys buy for example at RM1750, then wait to reach RM1800 and sell?

or do you guys keep for long time then sell at higher price?

Gold price is very unpredictable, bro.