The price now is RM 179.93. World price at US$1,834. Gold is really skyrocketing. Wall Street and Europe are down.

Just use the www.xe.com historical charts for gold in any currency. You can see prices from the past 10 years on display. But the amount is for gold ounces and not grams.

Yes i think we should spread the word about how Maybank is ripping ppl off and remind them not to invest with them. This is daylight robbery!

Thats why for my subsequent investments, im going for UOB. Never again for Maybank.

Gold keeps rising and rising. Its now trading at US$1,862/ounce and RM 182.85/g. Really crazy jump in prices!

But then again, its clear now that gold isnt performing to any of the preset technical calculations as was the case in the past. Right now, gold has got a life of its own. Its drastic increase in prices is astounding. Many ppl expected a downward correction when prices crossed the US$1,700 barrier last week but now gold is trading at US$ 1,860.

My guess is that gold is gonna keep increasing at least till the end of the year. Economic conditions in US and Europe are getting worse by the day. Today Bank of America (largest bank in US) announced a retrenchment of more than 10,000 employees with many other banks expected to follow suit. This means that the banking sector is already bracing for the worst.

Whats the best place to buy solid gold? Which bank and what price now?

Dont bother bout the closing prices in Malaysia today. Gold has gone parabolic! Unless something 'good' happens on Wall Street today, gold prices will be much higher on Monday. European markets are already down in trading so US is expected to go down further when it opens in 3 hrs.

If market sentiments remain, i expect gold to hit RM 185 on Monday. Its currently trading at US$1,877.

http://www.bloomberg.com/

Where can i buy silver? Or trade in silver just like how gold is being traded? I think we need to look at silver as the next gold.

Go for UOB. Spread only RM2. Maybank spread is RM7+. We should boycott Maybank. Really ripping us off!

Read this article well. This is the same guy who correctly predicted the 2008 slump:

http://www.bloomberg.com/news/2011-08-05/e...in-half-1-.html

Gold today at RM183.25 up from RM 182.85 last Friday.

But the problem with all these physical gold is the certification of purity. In many cases, the cirtificate given is not valid with other jewellers. So even if they accept the gold, the price is much lower.

Its still at US$ 1,887 now.

European stock markets are doing well now. It will have a positive impact on Wall Street but only question would be will it be enough to erase previous losses? Read the following article.

http://money.cnn.com/

Gold dropping further! Now at US$1,850. Maybank rates also dropped to RM 179.72 from a high of RM 184.95 two days ago. Hope it goes down further then ill top up. If the price continues to drop over the next 2 days, more investors will start to get jittery and start dumping gold.

As expected, the gold bubble has burst. I think it will drop further. Its now trading at US$1,755. Maybank price now at RM 171.83

I was refering to the short term bubble which happened for the past 2 weeks. I wasnt refering to the overall long term pricing of gold. Everybody knows that gold has been on an uptrend since the past 11 years so even with this dip, there's still a general uptrend.

Well gold investment was never meant to be short term. U cannot go into gold expecting short term gains. U may be lucky to get it at some point but dont expect the same always.

My advise now would be to wait for the gold to drop further and then load up again. I dont think the price will drop to the prices we saw at end July (RM157 per gram). So its still a rise nevertheless.

Interesting article and associated graphs:
http://www.bullionbaron.com/2011/08/goldoi...it-heading.html

(The following article was written in Nov 2010 when gold prices were at RM 140 per gram)

Reading Dr. Jean Paul Rodrigue's Chart

Stealth Phase - "Smart money" gets in often quietly and cautiously. Prices gradually increase, but often go completely unnoticed by the general population. Larger positions are established as smart money investors start to understand the well-grounded fundamentals and realize that this asset is likely to experience significant future valuations.

Awareness Phase - Realizing the momentum many investors start bringing in additional money in and pushing prices higher. There can be a short lived sell off phase taking place as few investors cash in their first profits (there could also be several sell off phases each beginning at a higher level than the previous one). In the later stages of this phase the media starts to notice.

Mania Phase - Price rise catches everyone's attention and the public jumps in for this "investment opportunity of a lifetime". Floods of money come in creating even greater expectations and pushing prices to stratospheric levels. Fairly unnoticed from the general public caught in this new frenzy the smart money as well as many institutional investors are quietly pulling out and selling their assets to eager future bag holders. The market gradually becomes more exuberant as "paper fortunes" are made and greed sets in. At some point statements are made about entirely new fundamentals implying that a "permanent high plateau" has been reached to justify future price increases the bubble is about to collapse.

Blow-off Phase - A trigger arrives and everyone roughly at the same time realizes that the situation has changed. Confidence and expectations encounter a paradigm shift. Many try to unload their asses to a greater fool but there are few takers; everyone now expects further price declines. Prices plummet at a rate much faster than the one that inflated the bubble. Many over-leveraged bag holders go bankrupt, triggering additional waves of sales. The general public at this point considers this sector as "the worst possible investment one can ever make". This is the time when the smart money starts acquiring assets at bargain bottom prices.

So, in the rarest of rare likelihoods that gold is pursuing the path of turning into a bubble, using Dr.Rodrigue's chart, we could be staring at only the "Awareness Stage" in future.

Earlier, we noticed some smart money enter the gold market, creating big positions and using much of the declines to increase allocations. This current stage we are in looks like the Stealth Stage.

Currently, trends observed reveal a lot of institutional participation coming in - central banks are adding gold to their reserves, while institutional participants like pension funds, wealth funds are considering allocations to gold.

The interest in gold doesn't yet qualify for the mania stage, since public participation hasn't been much to speak about, and nor has the media gone gung-ho about gold being the only asset one should invest in. And contrary to bubble behavior, the increase in price has been a gradual and steady appreciation over a number of years. At the most, we just have seen some smart retail money allocate to gold considering its strong fundamentals.

If at all, this bull market is following course of being a bubble then we still are way off from reaching the new paradigm. Gold investors can continue to sing as strong fundamentals suggest that we are in a bull market which is currently nowhere close to being a bubble.

So based on the above, i would say wait till the price drops more before loading up. This would ensure you stand a chance of a bigger profit later. Gold investment is all about timing.