Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 Jul 27 2011, 04:45 PM
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#41
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25,802 posts Joined: Jan 2003 From: Penang  
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QUOTE(kelvinyam @ Jul 27 2011, 02:50 PM) The only thing I dislike about Maybank Gold Saving Account is that their buying price is way too low than the selling/COMEX price. RM5~RM6 difference which equals to about 3%~4% commission (@ RM150/g). UOB gold account has the lowest spread, as far as I knew. |
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Jul 30 2011, 10:45 AM
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#42
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25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(wysiwyg17 @ Jul 30 2011, 12:21 AM) seniors... why ah... gold raise to USD1600 but BNM & UOB rate does not follow... Because USD value sink. like this, when malaysia gold price can go UP hah...  however... I'll stay focus and patience... just bought some gold last May... still does not break even... but I believe as most of u says... buy gold for long term maaaaaa...chaiyok-chaiyok  USD 1600, When RM:USD was 3.30 = RM 5280 Now RM:USD is 2.93 = RM 4688 In fact, if using AUD, you could see gold price stagnant or even drop, even though gold price surge from USD1500 to USD1600 |
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Jul 31 2011, 11:31 PM
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#43
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25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(lustman @ Jul 30 2011, 01:55 PM) so what's the conclusion? No conclusion.please share as everyone here wants to know too, including me  Just when seeing gold valuation, you need to work through the currency translation as well. Keep on focusing on gold value surge from USD1500 to USD1600, but without looking at currency exchange rate, is not a good way to judge. The real gain is how much gold gain in RM, not USD. Unless your native currency is USD. |
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