Guys, just to clarify. That video of gold & silver (well mostly pushing silver) by Mike Maloney. It seems to be year 2009 when he made that "movie" - he mentioned "...gold is now about USD1,000 per ounce" and based on historical monthly average prices, that was in Oct/Nov 2009 (http://www.gold.org/investment/statistics/prices/).

2009 till now gold & silver, especially silver had a huge spike and dropped recently last month (see the 34 yrs silver chart http://silverprice.org/silver-price-history.html), have ALREADY risen spectacularly.


personal view only - not agreeing / disagreeing with anyone:
How much more can / will it go before... kablooey? rhetorical Q.
Just that based on the 34 yrs silver chart, look at the 1981+/-, spike and then free fall - scary to put like $30K to $50K into metals leh.

If looking at it as "catastrophe hedge" to use as $ when paper goes valueless, i think i'd rather spend $30K to $50K stocking up on food, water, medical and weapons - perhaps only like $10K in several small gold / silver bars just in case people start bartering for metals instead of necessities. Perhaps i'm not a multi-millionaire, thus, no use to "lock in monetary value" yet

i always get my stock from nubex,reliable seller ,check out their new web layout

Quite pricey......take the 1/20 oz rabbit selling at Rm352.14

Gainsville sells at $99.1 approx Rm304 . Thats a 13.6% difference!

http://www.gainesvillecoins.com/category/3...ld+Bullion.aspx

100g Pamp selling Rm15,247

Gainsville selling Rm15,173

http://www.gainesvillecoins.com/category/292/Gold.aspx

Almost the same.......

Francesco

You're compartmentalising and justifying your world view. It would help to study the human psyche.

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Added on May 25, 2011, 9:40 amMun Keong

There are many speculations about the future price of gold/silver. As a start, subscribe to Mike Maloney's channel on Youtube to get an idea and get his book on the topic to see the charts. Search for other websites on the topic of gold and silver.

On the calamity hedge - the most basic level would be stocking on food, but you need to be careful about doing so simply because there are laws on hoarding in this country.

Do what you see fit to prepare yourself with whatever you've got on hand. There is no hard and fast rule about the proportions of your funds to allocate. Only time will tell how well you've prepared yourself.



This post has been edited by pubmut: May 25 2011, 09:51 AM

Whoa - anti hoarding laws? Hhehe - i'm "hoarding" oats, milk powder, brown rice, packed sardines & meat, dry noodles & bihun, etc. Well, in reality not hoarding per se - just bulk purchase and eat/draw down per month or two and refill . No "controlled price items" in my hoard leh - should be ok with Govt right?

On a serious note though, what are M'sia's anti-hoarding laws? Also have anti-profiteering right? My apologies to all if this is getting too off-tangent.

1. gold business we cannot do one. Need big capital with lot of cash.
How to compete with UOB? My recent last visit I was told they got about 500 oz mix maple, nugget etc.
500 x 4.6k = 2.3 million already

2. One can bring in for others but the profit margin is small.
It is more like a service than profit making. There are not many buyer and holding time is very long. not worth the effort lor.

3. Whether you take my advice or not up to you? I can;t explain more than that.!
For gold, if you can buy a similar product locally preferably COD with inspection even if is it slightly more expensive.
it worth the effort. Unless you cannot buy it locally then no choice lah.
or U R super rich .

wassup doc?

Why are you refering to gold biz?

i am just replying the poster recommending Nubex .

.....Comparing the prices of Ganisville coins in U.S and Nubex.......

can we go over to their office to purchase or online transaction only?

Not as easy as you think! Most people lack of skill in food storage. Ask the shop keeper or supermarket owner they can tell U more.
I think it is still too early to hoard these. maybe 1-2 year from now we can start.
You don;t hoard brown rice ok. You only hoard white rice or dried paddy seed.

Sh.. told U i'm not hoarding lor. Just buying in advance bulk and using down every month or two lor . Anyways, googled anti-hoarding laws in M'sia - mostly deals with price controlled items + aimed at retailer-sized hoarding. Mine's for "family's survival"-sized only, i hope ok gua

BTW, no farm lar - keep paddy seeds or whatever seeds also useless + them brown rice are vacuumed packed, no issue with weevils and stuff popping up 6 months+ down the road

This post has been edited by wongmunkeong: May 25 2011, 10:35 AM

i wanted to ask what is the minimum amount of money to buy gold? Isit the gold price dropping now and so far the best strategy of buying is to buy physical gold from UOB?

Better go for cheap price as long the silver is true and fair view. That's why we have this discussion thread.

Gold price is stable in my opinion...

UOB have those 1/4 oz coins give them a call. Cost roughly RM1.3k

icic, so now the gold just maintain price without up or down at the moment? coz i plan to buy when it is down

http://www.cimbbank.com.my/gda/

cimb having promotion for their gold deposit account.. hehe.. i still havent get an account yet cause still havent decide to open which account..

very confuse.. I thought i want to go for paper gold, but it seems like most of the people here support physical gold.

and if i want to buy physical gold, i need to know where can i buy and sell for certain type of gold. so complicated.. >.<

Buyers have their reasons for purchasing physical gold. Read the older posts and you'll understand the pros and cons

If you value trust and sellers reputation make your life easy go for either UOB or Maybank.

Buying and selling is not a hassle, call to check if they have stock, then come with money and NRIC to buy. Both banks respective spread is reasonably low... around the 4% range for 1oz.

This post has been edited by aaronpang: May 25 2011, 04:18 PM

it is safer if u lock first from their website and then only go over to their office to collect as im afraid by the time you are heading to the office to buy, the item sold already,by locking ur order is confirmed and ready to collect

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Added on May 25, 2011, 6:35 pmwell can consider the 1/20oz is for collector item and not for investment

This post has been edited by farisaiman: May 25 2011, 06:35 PM

CIMB vs. KFH vs. MBB vs. PBB vs. UOB

which one?

Can anyone suggest me the best price to buy physical gold and which company/banks etc. I already have gold account but im also looking in to HARD gold.

Its my right to view world based on my preference.
If u agreed with Charles Darwin that u were descended from ape, it`s ur right either.

& If u study human psyche to manipulate & spin human mindset by introducing new theory (e.g; self-preservation is greed), go ahead.


In Islamic world, we believe gold & silver is God given currency. It was mentioned heavily in holy Koran.
A lot of average Joe & Jane buy gold for many factors such as tradition(marriage & newborn), religious & heritage.
Thus, by saying everyone who bought gold are greedy, u are wrong, i mean very wrong.

Greed is a bad behaviour.
Self-preservation is a noble behaviour.
Please don`t insult or spin word to the lowest extent or for ur own product`s sake.

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Added on May 25, 2011, 10:51 pmKFH offer physical gold from Turkey with storage option.

This post has been edited by FrancescoTop8: May 26 2011, 12:44 AM