Do you guys really think Gold price will going down sooner

Lol, I just make arrangement with some seller to buy 200 gram physical gold next week. It's cost more than 20k

Should I proceed ?

200gram = rm32k +++

[quote=Sifha238,Apr 23 2011, 06:09 PM]
Do you guys really think Gold price will going down sooner

Lol, I just make arrangement with some seller to buy 200 gram physical gold next week. It's cost more than 20k

Should I proceed ?

[/quote

I dont think gold price will fall sharply sooner.
May i know from which seller u buy ?
(P.gold, Maybank, KFH or etc)

Something like that, we will go to the bank together to determine the gold price and whether he sell me pure 24k gold or not

not bank, individual. I don't know where he get it

This post has been edited by Sifha238: Apr 23 2011, 07:30 PM

Are u really experience in gold stuff ?

In precious metals biz, it is always easy to buy, but to sell back quite complicated.
Liquidity is one of gold`s disadvantage.

I'll just pawn it at the bank, the bank will lelong if I didn't pay. They'll give me the extra money ( if got any ) after deduct my debt

buy from authorized dealer bro, play safe.

ok, thanks

I only worry gold price start drop after I but it

I'm thinking of investing some money in gold. More of paper account rather than physical gold.

Is UOB bank still offering the best deal? Any advice is appreciated. Thx!

its ok bro,
high price today for cheaper price tomorrow.
dont worry, drop only a bit, increase can say wow!

YES uob's spread is only rm2, vs PB/Maybank of at least rm5.50. so kinda no brainer

Thx. Will find out more at UOB.

Gold rises to USD 1513.40 per oz at Asia Pacific morning trading.

URL: http://www.reuters.com/article/2011/04/25/...E73786N20110425

This post has been edited by David83: Apr 25 2011, 08:25 AM

Thats the problem with investors...the buy high attitude. when gold was retreating, no one wants it.
When its on a tear, so many newbies are attracted....typical buy high players.

Another advice, dont expect to make profits in a year.....meaning if you cant hold, DONT BUY.

Gold expert, all below is 999 gold 24k. But why sell on different price ??

100gram Pamp Suisse RM 15,581.49
100gram Lady Fortuna RM 15,734.52
100gram GCP RM 16,652.91
100gram Public Gold RM16,536.00

I have already make profit in 3 weeks....

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Added on April 25, 2011, 12:04 pmPamp Suisse is casting bar
Lady Fortune is minted bars also from Pamp
No idea about GCP
Public Gold is the most expensive considering it is made locally in malaysia, also have bigger spread

This post has been edited by jphlau: Apr 25 2011, 12:04 PM

Good for you....but...dont be s smart rear......precious metals are volatile.
This advice is for the newbies up there...
For those who expect fast profits, forget it.....

This post has been edited by prophetjul: Apr 25 2011, 12:23 PM

yah, why have diffrent2 price?

PAMP Suisse v PG which is better?

expect more people to buy as in Star paper yesterday had a report/article on recent trend of people buying gold

Because of the recent topics about precious metals mentioned in the media, people are now beginning to pay attention to it and wanting to get in to make a fast buck without knowing the underlying fundamentals for purchasing them.

A lot of the newbies will get burnt. I say let them get burned because they won't even spend time studying the causes and effects and the impending event horizon.