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

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SUSsoundsyst64
post Aug 25 2011, 08:56 PM

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at night (our time) is the active time for investor on the other side of the world to deal gold
nick.woocs
post Aug 25 2011, 08:56 PM

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QUOTE(hongchai888 @ Aug 25 2011, 08:49 PM)
The next few hours is crucial
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yup..totally agree..cant wait i wake up 2morrow morning to check on the price.. but overall i think the correction has met it's end but i could be wrong..
hongchai888
post Aug 25 2011, 09:33 PM

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QUOTE(nick.woocs @ Aug 25 2011, 08:56 PM)
yup..totally agree..cant wait i wake up 2morrow morning to check on the price.. but overall i think the correction has met it's end but i could be wrong..
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1709 now, If drop below 1700, everyone will be worry and start to sell it.It will drop further for sure
eehtsitna
post Aug 25 2011, 09:56 PM

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Huh? It is already below 1700 lah. I bought some gold from UOB this evening and the rate was 1685.
cybermaster98
post Aug 25 2011, 09:58 PM

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QUOTE(eehtsitna @ Aug 25 2011, 09:56 PM)
Huh? It is already below 1700 lah. I bought some gold from UOB this evening and the rate was 1685.
Banks pricing is always including margins ,etc. Gold hasnt dropped below 1,700 yet. Its now at US$1,729
khairul@norihan
post Aug 25 2011, 10:09 PM

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bro
advice is the company GENNEVA GOLD is save to me to invest
nick.woocs
post Aug 25 2011, 10:15 PM

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QUOTE(eehtsitna @ Aug 25 2011, 09:56 PM)
Huh? It is already below 1700 lah. I bought some gold from UOB this evening and the rate was 1685.
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1685 is in rm.. We are talking bout usd here bro
eehtsitna
post Aug 25 2011, 10:21 PM

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QUOTE(cybermaster98 @ Aug 25 2011, 10:58 PM)
Banks pricing is always including margins ,etc. Gold hasnt dropped below 1,700 yet. Its now at US$1,729
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If the value didnt go any lower than 1700, then UOB must have sold me the gold at a loss. biggrin.gif


Added on August 25, 2011, 10:24 pm
QUOTE(nick.woocs @ Aug 25 2011, 11:15 PM)
1685 is in rm.. We are talking bout usd here bro
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Ah my bad my bad! rclxub.gif

This post has been edited by eehtsitna: Aug 25 2011, 10:24 PM
Karlos
post Aug 25 2011, 10:31 PM

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Does anyone know how much cost physical gold delivery of 1 kg gold?
keii-kun
post Aug 25 2011, 10:31 PM

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if gold goes usd1700 tomorrow morning, expect uob to be around 163-165ish.
which also will bring the bullion coin to drop a bit.

time to buy on dip , diversify to some physical. keep some cash to dollar average for the price to go down further (if it goes usd1650 - around mid july price)

will wait to see world price tomorrow morning before queueing at uob for more nuggetss
json93
post Aug 25 2011, 10:48 PM

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Hey guys, are there any UOB bank where i can buy physical gold on weekends??... No UOB bank here in cyberjaya... sigh..

Any other place where i can get physical gold with low spread (on weekends)??
monsta2011
post Aug 25 2011, 10:55 PM

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Oops US market is going ..... red....
khun_khun
post Aug 25 2011, 11:02 PM

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QUOTE(arrsoo @ Aug 25 2011, 08:23 PM)
you hv to open an acc with them b4 you buy/sell gold with them.  The usual info la, like name, ic, home add, occupation, off add, contact no. those usual stuffs la....nothing to be sceptical about
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is it ok if im just buy 5gram? tongue.gif
Karlos
post Aug 25 2011, 11:02 PM

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QUOTE(monsta2011 @ Aug 10 2011, 01:34 PM)
Paper gold is more liquid *in my opinion* rolleyes.gif
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Often venders offer some assets gold, which is not extracted, so cheaper, but not the fact that it will produce. Paper is more liquid but is more rosker.
For example gbullion sell physical gold by Gold Spot Price +1,2% and you can sell it back by Gold Spot Price.
BullionVault trades physical gold too.


Added on August 25, 2011, 11:12 pm
QUOTE(json93 @ Aug 25 2011, 10:48 PM)
Hey guys, are there any UOB bank where i can buy physical gold on weekends??...  No UOB bank here in cyberjaya... sigh..

Any other place where i can get physical gold with low spread (on weekends)??
*
Hi! Gbullion.com But I do not recommend the purchase of a hurry now.

This post has been edited by Karlos: Aug 25 2011, 11:12 PM
nick.woocs
post Aug 25 2011, 11:12 PM

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I really doubt the price will go any lower...
Karlos
post Aug 25 2011, 11:14 PM

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QUOTE(nick.woocs @ Aug 25 2011, 11:12 PM)
I really doubt the price will go any lower...
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Do you think the price will grow?
nick.woocs
post Aug 25 2011, 11:16 PM

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Hard to say.. But I think rm160 is the lowest it could go. Price is stabilizing unlike yesterday where it drop 100usd in few hours..


Added on August 25, 2011, 11:23 pmPlus every time it drops, the price rallied higher than b4..now hitting 1740. But there are predictions that the correction will last longer. Wait n c...

This post has been edited by nick.woocs: Aug 25 2011, 11:23 PM
kueyteowlou
post Aug 25 2011, 11:46 PM

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the price is rebound now.. lol
Quinn
post Aug 25 2011, 11:55 PM

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I'm looking at USD1657.50/ounce. wub.gif
kueyteowlou
post Aug 26 2011, 12:06 AM

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QUOTE(Quinn @ Aug 25 2011, 11:55 PM)
I'm looking at USD1657.50/ounce.  wub.gif
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blush.gif u got no chance already...

http://goldprice.org/live-gold-price.html

look at the price now icon_rolleyes.gif

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