By gold producer, do you mean the miners?

Miners may NOT necessarily think gold is 'better' than fiat paper.....they are there for the biz.
AND they need fiat for the running of the ops.......

guys..do u know where to get gold dinar from kelantan..
need it for my wedding..
thanx

is it dinar kelantan?


This post has been edited by zajun80: Apr 20 2011, 03:57 PM

Please do not post advertising type of post eg. with Hp no for contact etc.
It will be deleted as this section is not for advertising or promoting.

Thank you for the cooperation.

i can help you get dinar kelantan

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Added on April 20, 2011, 3:06 pm tq mod, i change my phrase already

This post has been edited by ahmadtarmizi88: Apr 20 2011, 03:06 PM

tq mod for remind me.. sorry

Gold Prices Hang on to $1,500

URL: http://www.thestreet.com/_yahoo/story/1108...=FREE&cm_ite=NA

Gold’s at a Record, and It’s Going Even Higher: John Roque

URL: http://finance.yahoo.com/blogs/breakout/go...s=7&asset&ccode

i know. should we really start buying gold?or is it not enough gold for all of us?lol

sometimes during a major price correction, you simply run out of cash to buy some gold or silver.
Thus, you can lease your gold to Bank Rakyat for a fee of 14% per annum. (nominal rate).
with the intend to redeem back the gold as quickly as possible when your customer pay you or when your salary is received.
It is not meant for long term usage.

For more info, read this
http://silvermalaysia.blogspot.com/2011/02...-invest-ar.html

already exceed US1500++/ounc yesterday..wow

WoW! Effective Interest Rate 13.8%

Is that over 6 months or p.a? What a silly advert!

and silver almost 150% increment per year!

per annum. that the 2nd best deal.
The best deal is
http://silvermalaysia.blogspot.com/2011/02...-to-invest.html
using one of the credit card. 6 mths deal is the best.
effective rate less than 10%/annum

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Added on April 22, 2011, 10:11 am
Please cash out your Paper Gold/Silver Soon. I never seen something like this before for the past few year. Continuous price rally.
Default may be unavoidable.
I suspect silver will default first.



This post has been edited by GoldChan: Apr 22 2011, 10:11 AM

How to start invest gold? Can somebody recommend me?

"Please cash out your Paper Gold/Silver Soon. I never seen something like this before for the past few year. Continuous price rally.
Default may be unavoidable.
I suspect silver will default first."

I'm quite agree with this statement. Just a matter of time the gold bubble price will burst and return to it's low price.

can help, need to call/sms

How? I only have around 500-1k to invest.Im a student only
Can give ur msn or ym?

This post has been edited by shadowblack: Apr 23 2011, 02:19 PM

If one is investing paper gold with licensed commercial banks, SC approved finance instituition, there is nothing to fear about. Banks won't default your paper gold account/money in it, unless the bank totally goes under.
When banks offering gold account, whenever customers investing in it, banks usually will take up hedging position already, so if gold price goes up, their hedge/option value goes up as well which enable them to pay you whenever you want to redeem/sell your gold in the gold account.
Banks won't be stupid with naked position, without gold hedging position to start with.

Banks interested to make profit through the spread, whether gold price goes up, goes down, doesn't matter nor interest them.
The situation is same with forex, they earn you from the spread between buy or sell. Currency appreciation or depreciation doesn't matter for them, nor affect their profit or not.

Except one is investing with non-licensed third party company, which is different story all together.

This post has been edited by cherroy: Apr 23 2011, 03:53 PM

cherroy is so right. Bank never lose in whatever position.

Even JP Morgan dont accept their own gold ETF(paper gold) product for collateral. Only physical bullion accepted.

I mean, they introduce and sell their product but they don`t approve it.