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

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FrancescoTop8
post May 10 2011, 02:02 PM

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QUOTE(double7 @ May 10 2011, 01:56 PM)
Anyone bought gold bullions (physical gold)? Where do you guys keep them? Do banks offer services to store golds in their safes?
*
KFH did.
They already include the storage fees into the current gold price.
And i`m one of the proud customer of KFH. flex.gif
SilverfoX
post May 10 2011, 04:55 PM

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QUOTE(ahmadtarmizi88 @ May 5 2011, 12:39 PM)
i try help u, wait ya
*
Hehe. Thanks.
I bought an american buffalo bullion gold coin (1oz) directly from US mint for about RM5300.00.
Did I pay too much? Are there any difference between the different gold coins produced by different country?

In terms of resale value, do you think they will be sold at the same price based on the market gold price only regardless where its made?
If thats the case then buying kijang emas would probably be a wiser choice eh.

What do you people think?


happy4ever
post May 10 2011, 06:03 PM

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QUOTE(double7 @ May 10 2011, 01:56 PM)
Anyone bought gold bullions (physical gold)? Where do you guys keep them? Do banks offer services to store golds in their safes?
*
safe deposit boxes. no need banks. some companies offer it

subang empire gallery has one on top floor.
benedict1213
post May 10 2011, 09:08 PM

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ready for another roller-coaster down-wave?
`arthas
post May 11 2011, 09:16 AM

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QUOTE(benedict1213 @ May 10 2011, 09:08 PM)
ready for another roller-coaster down-wave?
*
source? blush.gif

if it goes down, time to get in. drool.gif
GoldChan
post May 11 2011, 09:44 AM

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QUOTE(SilverfoX @ May 10 2011, 04:55 PM)
Hehe. Thanks.
I bought an american buffalo bullion gold coin (1oz) directly from US mint for about RM5300.00.
Did I pay too much? Are there any difference between the different gold coins produced by different country?

In terms of resale value, do you think they will be sold at the same price based on the market gold price only regardless where its made?
If thats the case then buying kijang emas would probably be a wiser choice eh.

What do you people think?
*
generally people are investor thus they will not pay more than UOB or Kijang emas price.
Nevertheless, there will be some collector or big buyer who may 1 2 have other type of gold.
Thus they will buy lah but only 1-2 pcs per coin. for their collection.
maybe 1 each eagle, buffalo, lunar, phil, krug. U just need to find them lah.


Added on May 11, 2011, 9:48 am
QUOTE(SilverfoX @ May 10 2011, 04:55 PM)
Hehe. Thanks.
I bought an american buffalo bullion gold coin (1oz) directly from US mint for about RM5300.00.
Did I pay too much? Are there any difference between the different gold coins produced by different country?

In terms of resale value, do you think they will be sold at the same price based on the market gold price only regardless where its made?
If thats the case then buying kijang emas would probably be a wiser choice eh.

What do you people think?
*
well, is it a slabbed coin or just a BU coin.?

buffalo has the highest premium among all the gold coin. Slabbed one even more.
For me I will prefered just a slabbed MS-69 coin will do. cause there are also some copy gold buffalo coin. U need to weight them properly,
cause it 's easier to sell later on, as slabbed coin must be real.



This post has been edited by GoldChan: May 11 2011, 09:48 AM
prophetjul
post May 11 2011, 11:41 AM

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RM5300 sounds quite pricey. Thats about $1766.
You could easily get a slabbed MS69 for that price

or even a proof coin

http://completed.shop.ebay.com/i.html?_nkw...6.c0.m270.l1313


Added on May 11, 2011, 11:57 amSilverfox:
You mentioned you bought from U.S mint.
Didnt know they ship to malaysia?

https://answers.usmint.gov/app/answers/detail/a_id/109

This post has been edited by prophetjul: May 11 2011, 11:57 AM
aaronpang
post May 11 2011, 01:35 PM

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QUOTE(SilverfoX @ May 10 2011, 04:55 PM)
Hehe. Thanks.
I bought an american buffalo bullion gold coin (1oz) directly from US mint for about RM5300.00.
Did I pay too much? Are there any difference between the different gold coins produced by different country?
*
Gold is selling around RM4800 for maples and kijang tongue.gif

Exactly what did you purchase because the US mint produces proof versions of the Buffalo that are worth more.

Quote my post from silver investment thread:-

QUOTE(aaronpang @ May 9 2011, 05:13 PM)
It's the difference when trading bullion value and numismatic value...

Bullion coins have a value strictly based on their metal content.

Numismatic coins with a gold or silver content have additional dynamics -- value is also based on relative scarcity and demand in the collecting market.

Then there are grey areas where bullion coins have numismatic value:-
Here is an example http://en.wikipedia.org/wiki/Double_Eagle look for the 1933 Double Eagle

Hope it helps educate fellow collectors/investors... your panda could be worth more that its silver content  icon_rolleyes.gif
*
This post has been edited by aaronpang: May 11 2011, 01:36 PM
Jutawan
post May 11 2011, 02:45 PM

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Gold price still low for this week? Time to get in?
ahmadtarmizi88
post May 11 2011, 02:48 PM

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QUOTE(Jutawan @ May 11 2011, 02:45 PM)
Gold price still low for this week? Time to get in?
*
getting higher. start now
`arthas
post May 11 2011, 03:50 PM

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QUOTE(Jutawan @ May 11 2011, 02:45 PM)
Gold price still low for this week? Time to get in?
*
the price is increasing now blush.gif

Sifha238
post May 11 2011, 04:54 PM

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3 days streak gold price going down. Today going up a bit smile.gif
SilverfoX
post May 11 2011, 06:07 PM

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QUOTE(prophetjul @ May 11 2011, 11:41 AM)
RM5300 sounds quite pricey. Thats about $1766.
You could easily get a slabbed MS69 for that price

or even a proof coin

http://completed.shop.ebay.com/i.html?_nkw...6.c0.m270.l1313


Added on May 11, 2011, 11:57 amSilverfox:
You mentioned you bought from U.S mint.
Didnt know they ship to malaysia?

https://answers.usmint.gov/app/answers/detail/a_id/109
*
Oh, I'm currently based in Australia. So got them to ship it all the way to down under.

Sorry for being a noob. But whats a slabbed coin?
The one I bought is a 1 oz gold proof coin, came with a beautifully carved maple box etc.
I think I've probably paid too much for this. Hmm.....


Added on May 11, 2011, 6:11 pm
QUOTE(GoldChan @ May 11 2011, 09:44 AM)
generally people are investor thus they will not pay more than UOB or Kijang emas price.
Nevertheless, there will be some collector or big buyer who may 1 2 have other type of gold.
Thus they will buy lah but only 1-2 pcs per coin. for their collection.
maybe 1 each eagle, buffalo, lunar, phil, krug. U just need to find them lah.


Added on May 11, 2011, 9:48 am

well, is it a slabbed coin or just a BU coin.?

buffalo has the highest premium among all the gold coin. Slabbed one even more.
For me I will prefered just a slabbed MS-69 coin will do. cause there are also some copy gold buffalo coin.  U need to weight them properly,
cause it 's easier to sell later on, as slabbed coin must be real.
*
Yeap points noted. I'm not a collector, just thought buying some gold to diversify my portfolio.
Perhaps one day they can be used as hedge against crisis.

I should probably buy some kijang emas then, since they are cheaper and seems like the value is not much of a difference.
They are all gold. smile.gif

This post has been edited by SilverfoX: May 11 2011, 06:11 PM
benedict1213
post May 11 2011, 06:11 PM

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may i know that either Maybank, public bank, or UOB gold investment account is better? anyone survey or knw the different?
pubmut
post May 11 2011, 10:03 PM

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QUOTE(caerulln @ May 8 2011, 07:16 AM)
To be honest, i didn't own a single gram of gold.
I don't like to invest in things i have no control of.
Just interested in this thread due to the skyrocketing spot price smile.gif

I just think for non muslim, paper gold in reputable banks is just a whole lot easier
Of course there is always risk of banks going bankrupt
With physical, risk of getting robbed.
Up to you to weigh the risk smile.gif
*
I have "weighed" (in ounces, tongue.gif ) the risk and physical is good. It's not just the banks and can go bad, govts too (re Zimbabwe).

Storage is no problem.

Preparation from getting robbed - check. Actually, we are already being robbed as we speak, by the banksters, and that is tougher to prevent.

ksc_3688
post May 12 2011, 12:55 AM

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Guys,
Those who buy gold from public gold, what's the procedure?
I called them and they said need to bank in 1st before I can go and collect at their office.

Can't pay on the spot in their office for transaction more than 3k.


Sifha238
post May 12 2011, 01:25 AM

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QUOTE(ksc_3688 @ May 12 2011, 01:55 AM)
Guys,
Those who buy gold from public gold, what's the procedure?
I called them and they said need to bank in 1st before I can go and collect at their office.

Can't pay on the spot in their office for transaction more than 3k.
*
Got a lot of dealer sell Public Gold at their FB account laugh.gif Some more with lower price because they are dealer smile.gif
GoldChan
post May 12 2011, 08:43 AM

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QUOTE(caerulln @ May 8 2011, 07:16 AM)
To be honest, i didn't own a single gram of gold.
I don't like to invest in things i have no control of.
Just interested in this thread due to the skyrocketing spot price smile.gif

I just think for non muslim, paper gold in reputable banks is just a whole lot easier
Of course there is always risk of banks going bankrupt
With physical, risk of getting robbed.
Up to you to weigh the risk smile.gif
[/quote]

there are 2 camp lor, those who believe in precious metal and those who don;t. There is no in between.
either way U get robbed lah.
However if U do physical, after some time it is important for U to do stock check every month or half yearly. depending on the volume.
things may get lost.



eugenecctan
post May 12 2011, 08:57 AM

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QUOTE(benedict1213 @ May 11 2011, 06:11 PM)
may i know that either Maybank, public bank, or UOB gold investment account is better?  anyone survey or knw the different?
*
And also CIMB, which is better?

prophetjul
post May 12 2011, 09:01 AM

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QUOTE
QUOTE(GoldChan @ May 12 2011, 08:43 AM)

QUOTE(caerulln @ May 8 2011, 07:16 AM)
To be honest, i didn't own a single gram of gold.
I don't like to invest in things i have no control of.
Just interested in this thread due to the skyrocketing spot price smile.gif

I just think for non muslim, paper gold in reputable banks is just a whole lot easier
Of course there is always risk of banks going bankrupt
With physical, risk of getting robbed.
Up to you to weigh the risk smile.gif
there are 2 camp lor, those who believe in precious metal and those who don;t. There is no in between.
either way U get robbed lah.
However if U do physical, after some time it is important for U to do stock check every month or half yearly. depending on the volume.
things may get lost.
Sometimes i looked at this statement 'getting robbed', i smile to myself sand say

'whatdoyathinkthegomenisdoing?'

printing $$$$$$$ is also a way of being robbed nod.gif . Its just'legalised' robbery

QUOTE
Silverfox: Sorry for being a noob. But whats a slabbed coin?



Its ok to be a noob. i was once as well. biggrin.gif
A slabbed coin is a professionallygraded coin
slabbed in atight secured encasement as shown below.
MS70 is the highest grade.

user posted image

This post has been edited by prophetjul: May 12 2011, 09:04 AM

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