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

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SUSbuysell
post Aug 25 2011, 01:24 PM

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QUOTE(lee90 @ Aug 25 2011, 01:15 PM)
lolz, i just opened a Gold Saving account at UOB this morning, quote me RM170.10/g
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doh.gif You should let it decrease more. Wait for another day or two, see first hmm.gif
DeaDLocK
post Aug 25 2011, 01:24 PM

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It's only natural, given the bull run recently. Long-term uptrend is still very positive.
Alexdino
post Aug 25 2011, 01:25 PM

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QUOTE(kevyeoh @ Aug 25 2011, 01:24 PM)
wah...heart attack ....
after i pump in so much money only drop... @%@#$^#^
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dont worry, you will get your money back at end of the year. tongue.gif
kevyeoh
post Aug 25 2011, 01:26 PM

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within less than 2 weeks i already lost RM300+ .. kwa kwa kwa....

ok la...put there and see long term how...
Alexdino
post Aug 25 2011, 01:28 PM

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QUOTE(kevyeoh @ Aug 25 2011, 01:26 PM)
within less than 2 weeks i already lost RM300+ .. kwa kwa kwa....

ok la...put there and see long term how...
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lol.. i lost rm100 only since i withdraw two days ago when it hit highest point, but still your money is not lose if you havent sell your gold, btw go for like a year or so you will get your return.
SUSbuysell
post Aug 25 2011, 01:28 PM

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QUOTE(DeaDLocK @ Aug 25 2011, 01:24 PM)
It's only natural, given the bull run recently. Long-term uptrend is still very positive.
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How positive is it in % percentage by year end I wonder? hmm.gif
Alexdino
post Aug 25 2011, 01:30 PM

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QUOTE(buysell @ Aug 25 2011, 01:24 PM)
doh.gif You should let it decrease more. Wait for another day or two, see first hmm.gif
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always better to wait till 2pm see how the trend

i might wan to go in 5g or wait tomorrow? hmm.gif
prody
post Aug 25 2011, 01:32 PM

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Looking at the long term chart for gold it's good to have a stop loss price.
SUSbuysell
post Aug 25 2011, 01:33 PM

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QUOTE(Alexdino @ Aug 25 2011, 01:30 PM)
always better to wait till 2pm see how the trend

i might wan to go in 5g or wait tomorrow?  hmm.gif
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Hmm... Let wait and see hmm.gif 50g here waiting for the right time brows.gif
kuhfayLover
post Aug 25 2011, 01:34 PM

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QUOTE(Alexdino @ Aug 25 2011, 01:30 PM)
always better to wait till 2pm see how the trend

i might wan to go in 5g or wait tomorrow?  hmm.gif
*
I also thinking of top up 10g or wait tomorrow. hmm.gif
But one thing no good in cimb gia is that they only update the gold rate once a day in the morning, unlike maybank or uob update few times a day which the buying/selling rate is more updated. sweat.gif




Alexdino
post Aug 25 2011, 01:47 PM

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QUOTE(buysell @ Aug 25 2011, 01:33 PM)
Hmm... Let wait and see hmm.gif 50g here waiting for the right time brows.gif
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drool.gif 50g...haha you must think 10x more than me since your capital is 10x more than me tongue.gif

btw will US shift into buying gold? since job is stepping down as CEO will cause more havoc in the share market?

This post has been edited by Alexdino: Aug 25 2011, 01:51 PM
monsta2011
post Aug 25 2011, 01:59 PM

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QUOTE(cybermaster98 @ Aug 25 2011, 01:09 PM)
Now at US$1,735. Maybank trading at RM170. It will be interesting to see what happens when US stock markets open in 8 hrs as they are now hit by the resignation of the Apple CEO, Steve Jobs
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Haha he's still there overlooking the company as Chairman.
hidzwan
post Aug 25 2011, 02:04 PM

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i don't think the resignation really will bring much impact to the market. shareholder will hold the faith in the company & the brand it self and Steve Job will still be there even without CEO title.
leoltc
post Aug 25 2011, 02:47 PM

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nick.woocs
post Aug 25 2011, 03:07 PM

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steadily on the rise again...$1743.30
trencher10
post Aug 25 2011, 03:57 PM

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QUOTE(Alexdino @ Aug 25 2011, 01:47 PM)
drool.gif 50g...haha you must think 10x more than me since your capital is 10x more than me  tongue.gif

btw will US shift into buying gold? since job is stepping down as CEO will cause more havoc in the share market?
*
Gold is not affected by such small scale news. Even if Apple bankrupt suddenly, no way gold can be affected... unless it takes the whole stock market with it! [banks are more powerful, you see, in this regard smile.gif )
Taka_0
post Aug 25 2011, 04:01 PM

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http://presscore.ca/2011/?p=3598

QUOTE
In March of 2011 the British Prime Minister David Cameron ordered British police to execute Operation Rize -  raid and seize the entire contents (art, gold ingots, gold dust, jewelery and cash) of nearly 7,000 safety deposit boxes from three vaults in London.  The British government simply told Scotland Yard that the safety deposit boxes were used by criminals to store cash, guns and drugs.



Added on August 25, 2011, 4:02 pmphysical (own storage) or let the bank store for you? point to ponder


Added on August 25, 2011, 4:03 pm
QUOTE
It happened before and it is starting again.  Government confiscating (stealing) the people’s life savings.  Just like in 1929 the British government began its theft of the people’s life savings just before the Great Depression.  After an inflationary run-up in prices and asset values, the stock market crashed in 1929, and the economy soon went with the crash.  This time the British government is disguising its outright theft by claiming the entire contents of safety deposit banks are owned by criminals and the contents are the proceeds of crimes.
In March of 2011 the British Prime Minister David Cameron ordered British police to execute Operation Rize -  raid and seize the entire contents (art, gold ingots, gold dust, jewelery and cash) of nearly 7,000 safety deposit boxes from three vaults in London.  The British government simply told Scotland Yard that the safety deposit boxes were used by criminals to store cash, guns and drugs.
The British government instructed the police to arrest anyone who went to the vaults to try and recover the contents of their safety deposit boxes.  Those who protested the seizure of the contents of their safety deposit boxes were  to be charged with various offenses including pedophilia, money-laundering, drug-dealing and firearms possession.
When word spread about the government raid and theft of the contents of their safety deposit boxes people rushed to the bank vaults.  The police arrested 146 and charged 30 (those with the most cash and gold in their safety deposit boxes) with trumped up pedophilia, money-laundering, drug-dealing and firearms charges.

Armed robbery of bank safety deposit boxes by London Police
This isn’t the first time the British government ordered the seizure of its people’s deposits. Back in June 2008, 1 year after the global economic crisis began, police armed with automatic weapons (shown in above image) were ordered by Gordon Brown to seize (to take by force) thousands of deposit boxes, ranging from small book-sized boxes to large walk-in safes in a string of west London raids.  Armed robbery is defined as a crime ” involving the use of a weapon in the taking of money or goods in the possession of another, from his or her person or immediate presence“.
The contents of safety deposit boxes were stolen by the British government from Park Lane Safe Depository in Park Street, Hampstead Safe Depository in Finchley Road, and Edgware Safe Depository in High Street, Edgware.
The British government came up with the idea back in 2006.  The British government needed new money and the only new and real money was being held by the people in safety deposit boxes.  The government can’t tax what is sitting for years in thousands of safety deposit boxes so they decided to confiscate it all.  The confiscation of the people’s money was codenamed Operation Rize.  Operation Rize being code for Ruse. The ruse is the British government labeling all safety deposit box owners as criminals in order to steal the valuable contents of their safety deposit boxes.  Every safety deposit box in the largest vaults in London were ordered raided based entirely on the British government’s assertion


This post has been edited by Taka_0: Aug 25 2011, 04:03 PM
trencher10
post Aug 25 2011, 04:22 PM

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Heh. Too bad it comes from what seems like a "crazy" conspiracy theory site. But the lessons are clear even up to the 1930s when FDR mandated it was illegal for personal ownership of gold. So while there's truth to the actions of the British government confiscating people's properties for its own ends, how it all plays out is a different matter.
monsta2011
post Aug 25 2011, 04:44 PM

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1724 biggrin.gif
EvOKIdZ
post Aug 25 2011, 05:03 PM

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looks like keep dropping this few days... gonna rise again soon.. laugh.gif

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