3k to 4k is a fairly small investment, coins are more preferable for small quantities... bars if buying in larger quantities.

Stay away from jewellery shop gold

Buying the right "BRAND" / "MANUFACTURER" helps when it comes to ease of disposal and returns.

Please bear with me but here is an example for silver coins:-

http://cgi.ebay.com/Lot-5-Silver-China-Pan...n-/380343526680

The current bid price as of this post is US $568.88 that's RM1700 for 5oz of silver. Which is more than triple silver's spot price.

The good thing about coins is. If you get a bullion coin there is it's melt value but if you choose carefully a good collectable coin returns are way above melt value

Bullion value is based on weight not the shape.

I wouldn't store in a MBB safe its not worth it because storage cost are going to eat away your returns. Might as well get a gold investment passbook.

This post has been edited by aaronpang: Jun 1 2011, 01:11 PM

Thanks for your reply, I am more interested in buying physical gold rather than opening a gold account. Thanks a lot for your advice

I am just going to try asking a few questions. I hope I don't anger anyone as it is probably repeated countless of times but I need a bit more assurance as gold definitely not my thing.

The situation is, my mom wanted to invest in gold. I am a little bit sceptical as my mom was scammed previously by FOREX.

So, these are the questions.
1-the price of gold is at all time high. Will it still go higher?
2-Will there be a possibility that the drop in 2008 be occuring?
3-Is it a good time to enter the gold market now?

I am advising my mom to invest in the passbook type though, not physical gold type. Thank you in advance.

When you notice carefully, even there was a drop in price in 2008, the decrease is not significant though.

yes, prophetjul is right. thanks for the info bro. Best day!

1st advice- Dont depend on a public forum for reassurance ...

1-the price of gold is at all time high. Will it still go higher? - Maybe
2-Will there be a possibility that the drop in 2008 be occuring? - Maybe
3-Is it a good time to enter the gold market now? - Maybe

If you arent comfy in an investment, dont buy yet. DYODD (Do Your Own Due Deligience)

Theres lots of info on the net about gold investment. Took me 5 years to be convinced
to invest in a relic called GOLD which produces NO INTEREST...... That was 2002.....

sorry to hear it that your mum got scammed, Hurly. Currently i trade Gold and Silver through reliable broker. I trade FOREX too.

Before answer your question, I wanna telling you that, Risk is all around. it's depend how you manage your risk appetite!
1. Yes, Gold will go Higher but depend when and what price you compared. An appreciation of USD1 is considered as appreciated!
That why you need to ask yourself that what is your contingency and trade plan. (your objective and target)

2. Yes, possible that it will drop same scenario on 2008 as i aforementioned above, Risk is all around.., that why we MUST understand the economic and fundamental background before step further. Base on market analysis, USD is struggling for recovery and EURO is seek resolution for debt. Every Country facing inflation, what we need to preserves our money through insurance! It's suggested you to stay-out if you unsure. or invest some..

3. Maybe? ask your risk appetite. Some might say yes, some might answer no.. Its will make you confused!
If you missed the Golden Jet, do not miss the silver train. Best Wishes!

No worries mmnr00 but seriously for a few coins I personally don't feel its worth getting a safe deposit box. Do it only when have a larger sum to make the storage costs worthwhile.

Lots of people store gold at home... esp. coin collectors

This post has been edited by aaronpang: Jun 1 2011, 03:27 PM

hehe with that budget my choice will be 20g bar and 5 g bar

Hurly

There are a lot of camps on this so like prophetjul says, DYODD.

If you want a shortcut for sagely advise, well, sorry. All I can tell you is that there is a cycle to all things - it's a universal law.

Your due diligence on this would be more advantageous to you and your family.

Regards

I'm just looking at the graph, gold price will going really high tomorrow if not mistaken

I thought it might go down so i can buy more !! but i see the price shoot up like rocket.

yea this is the point.. i am looking for downtrend.. but it is difficult to see downtrend for gold

same with me. i looking downward to 1490, 1430.. Do not miss this opportunity again. pray pray!

wish we luck and grab some golddddsss

perhaps your networking is good thus U be able to start off early at 2002. as you may have some friends in investment circle.
I only knew about it in 2006, started in 2008. procastinated for 1.5 year.
I never get the chance to buy at RM2300+ /oz at UOB in 2006. Best I got is RM2800+ in 2008 when the price drop. After that no stock lor.

Well, you can use the technical as a guideline lah. RSI-14 weekly chart < 30 :- buy
but it seldom goes down to 30, thus maybe at RSI-14 around 50 you can buy some, more if it below 50, even more when it 40.
RSI-14 > 70: sell, Stick to it no matter what happen to the price movement.
Just don;t take forever to make your commitment, price won;t wait for U. The days where low prices in gold and silver is long gone, you have to pay existing prices. It just how much lower it can go from now, the way i see it.


You average it out over time U will be fine.

---

Added on June 2, 2011, 10:33 amone should at least get one safe box lah, I do forsee there may be lack of safe box in the future. It's expensive to construct one, in the future oil price goes up, construction cost will be enormous, thus it will never be built at a reasonable price.
Just treat it as an insurance policy.

This post has been edited by GoldChan: Jun 2 2011, 10:39 AM

i read about gold in 1998 after the financial crisis in far east.....

About what REAL currency is........

Read about the shite U.S was in, in 2001 about how Greenspook is gonna have all those easy credit
blow up in the face of the Feds after the dotcom crsis....

how USD was gonna tank and gold will take its place

A gold sage Jim Sinclair guided me from 2002...see his predcition on the pillars falling...last one is cracking



So after 5 long years ........Bought most of my gold at around Rm1,100

Haha no matter how thick and heavy the safe is the thief will still can get it easily either stick the knife to ur neck and ask for password or pull the entire safe away using truck just like Fast 5

That was exactly what my Aunt said yesterday.
Important documents stored in home safe OK but not precious metals and gems in today's environment.

On another note, watch this trailer and full movie
Why Gold & Silver? – Mike Maloney Tells All
It is fascinating to watch the film again and see how things have moved on since it was filmed in June of 2009. Though the prices and ratios have moved on, the film is entirely relevant and still one of the best ways for a newcomer to get up to speed with gold and silver. It is jam packed with information and calm analysis by the top experts in their field, who have been right since the start of the last decade. Watch movie at http://mygoldgoose.wordpress.com/2011/05/2...oney-tells-all/

Cheers!

I was talking to my wife about a possibility for us
getting a safety deposit box for our gold investment

She told me this cute joke:
Buy gold bars, get a safety deposit box,
Buy silver bars, get a door.

Can you guess why?