Echoasian

What matters most now is not cry over what could have been, but I can pretty much guarantee you that if you're looking for quick gains then you deserve to be crying - that's because of the greed factor that everyone is buying precious metals for.

Like I've said in a previous post - one needs to understand the fundamentals of precious metals. They are not stocks/shares nor are they commodities like oil palm, rubber, corn etc.

A good place to start is a Mike Maloney's Why Gold and Silver DVD video, now on Youtube in full.

Are u saying that all parties such as China, Russia, India and central banks buying gold for greed factors ?
Not a hedge of inflation or other factors ?

Central banks are buying gold because they have too much money, don't know where to park.
China, Japan, HK foreign currency reserves primary in USD are worth >3-4 trillion.

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Added on May 23, 2011, 2:48 pmCentral banks do not need to hedge inflation, they do not need to chase for return, their primary goal is provide stability to its economy and maintain health of its economy, its foreign currency reserves.

This post has been edited by cherroy: May 23 2011, 02:48 PM

Where is the best place to sell 999/24k jewellery ?

i love geneva gold, without any miss paying the 1.5% every month..and the gold is in my hand, so no worry!

Francesco

Have you read this thread in its entirety?

Have you also read "How to invest in silver" thread in its entirety?

What are your observations about these two threads?


Inflation hedge, wealth preservation, risk diversification - all these are just another word for greed.

"The one(s) who owns the gold, owns the world"

"Greed is good" and so is self-preservation.

I'm into it (self-preservation and greed). Aren't you?

Why would you be interested in this thread if not for some measure of greed by the word "Gold" or to a lesser extent, "Silver"?

i can sell U my kijang emas at geneva selling price and give U 12% discount immediately with the gold in your hand. what do U think ler?

do u buy back at exact selling price like geneva

Hi all, just wondering if anyone have experience with DeGems?

http://degembullion.com/

It's just minutes away from Maybank Bangsar... Thinking of getting a kijang from maybank and a bullion from degems....

Thanks chunf for the tip, I'll give GoldChan first shot

Are you saying Kijang is not bullion...??

Just my gut instinct, better buy Kijang from Maybank and save yourself the potential future heartache.

Learn from others experience

This post has been edited by aaronpang: May 24 2011, 09:55 AM

why do you wanna sell back the gold to Genneva (which you bought at 25% above mkt price)
if you are investing in gold, after only 6 months?
The idea of investing is to wait for the rise in price and reap your rewards.

Gold is not a short term investment

This post has been edited by prophetjul: May 24 2011, 11:38 AM

I doubt geneva does that as well. Read the contract!

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Added on May 24, 2011, 11:53 amHi Aaron,

1stopgold.com.my is selling gold eagle and gold buffalo with buy back. RM5019/= just RM200+ above UOB rate.
Great prices, last time when I get it from USA, the courier already USD200/-
U 1 2 buy that one 1st or the panda 1st. Let me know ok.

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Added on May 24, 2011, 11:56 amwow! 1stopgold.com.my already switch gear to full speed.
I think PG is going to get a direct hit.!
wow! let see how the battle goes.



This post has been edited by GoldChan: May 24 2011, 11:56 AM

any one buy gold/silver bar from Nubex?

Just because i want to protect my wealth from being devalued by fiat currency, suddenly i`m a greedy person.
I don`t think being cautious and protective of my ball-busting & hard-earned money is a greedy thing.

The reason why i interested in this thread because i own >6** Gram of physical gold and i care of my physical gold.
As for the price today(24/5/2011), my physical gold already appreciated RM4470.28(5.1%) after the break even capital.
And i bought all my physical gold on (../1/2011).

Self preservation is one thing, and greed is another thing.

Gainsville selling gold buffs at $1587 or Rm4,840

http://www.gainesvillecoins.com/category/279/1+oz.aspx

Last time ibought, they charged me a basic $70 for courier and additional $1 per piece for
2nd piece onwards

If you buy in bulk, U.S is still cheaper than the local ones

Guys CIMB launch Gold account recently .. The give 4% intrest on the gold value u buy .. Anyone bought frm them before ????

I still want that Panda first You give me better price

Do you guys think its worth it to join NGC?
http://coins.www.collectors-society.com/Benefits.aspx

Sure?

see nothing about intrerest?

http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank

Infact it says

Bro - i think the 4% if for your FD with CIMB, if U start a Gold a/c with them. FD must be <= Gold a/c amount and it's only 4%pa for 3 months

BTW, CIMB's gold a/c spread is 2.801%. Wah - lower than PBank's gold a/c but dunno if as "weird" as UOB's (need to check each individual branch)

This post has been edited by wongmunkeong: May 24 2011, 02:07 PM

Low spread porbably means the acoount amounts are not fully backed by the physical.
Its just numbers............