Twas a reply to this as well...........

maybank only needs 1gm to start. Just bought 2gm...haha still new.

investing in Gold is a good idea however buying such a small amount is just like throwing throwing your money in the trash .

your credit now is - , because you technically bought Gold at a certain price from may bank ,now if you want to withdrawal your money it will be much less than what you invested because of the SPREAD , spread is a difference between buying and selling Gold against USD ,

also you bought at the wrong time because now GOLD is at his highest point <Over Bought > as we call it in the market . it might drop down a big time as .


bottom line , if you want to invest in Gold make sure you have a HUGE amount of money because with your 500MYR , you won't make even 40MYR a year.

if i was you i would've make some business , sell make up , sell food or even sell bra . make some good capital first and then you can invest.


Good luck

haha..okok. i just trying out. I got money in the bank. Just wanna open account first ma...

what is the amount to consider a reasonable investment??

In my opinion, using gold as an investment tool is not really a good idea

Gold currently should be treated as a way to lock in your asset value, the appreciation of gold is a bonus. After all gold price still fluctuate base on supply and demand as well as many things too control gold price, investment bank can also easily manipulate gold price.

Like many others have mention, you need to sell the gold only then you can get the value back.

Physical gold is the best,but try to get the once with less premium. Premium after all has no value when you want to sell it.

Just giving my 2 cents

I feel that gold is a good investment last year. It was around RM110 per gram if I am not mistaken around January. However the price of gold has been quite stable from around June till now. It has been increasing but you wont be earning much as the bank buy rate is always around RM10 lower than bank sell rate.

However, we'll never know how high is the price of gold going to increase to. I bought at 122 and sold at 147. If only I had more capital.

trying maaa trying what ? how can you put your hard earned money into something you don't know ? dato's daughter tak ? signal ?

well in the best best best cases you will get around 30 % profit per year just like last year , Gold price closed at 882 and close 1083 and thats 22.7% ,

so assuming you are veeryyy lucky and you are investing only 1000 , you will make 227 RM mines the sell/bye spread <because your bank sells higher than it buys> you will make around 188 MYR , Happy ? , so with 10,000 you can make 1,880 < no bank can give you this only bank of Gold >lol


now that was good news , but the bad news are , in one year time your 1.88 MYR profit will be like 88 MYR of today lol , think of Nasi lemak and Ladydutch Milk 2 years ago .

another bad news are , Gold price might go down < not really possible > because gold is against USD and USD is being printed everyday but gold is never printed

So with small amount of money you better trade Gold during the year , don't just buy and keep it . follow the news and learn about Forex , sell your Gold when its at good price , it falls , buy it again and so on in this case you can make some good money but its a bit risky .

Buying Silver is a better idea for now

Hi Ahmed

Why do you say gold is overboght?

Not according to my charts, it is not.....

RSI is only 53......just cos its value is high, doesnt mean its over bought

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Added on June 17, 2011, 7:40 amTrading gold is no easy peasy especially for greenhorns. Hows she gonna trade on forex with
such small capital?
Have you traded it yourself?

Buying silver for greenhorns aint such a great idea either! ITs highly volatile....
if this person
is just intersted to keep gold for long term, it will surely be better than the FD rates....

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Added on June 17, 2011, 7:44 amAgeed with your point about value.
But depends how you view value.
How much is Rm1 against gold? Say in 1990 and now 2011?
i view 1 oz of gold as 1 oz, no more no less.
i view Rm1000000 as manipulated PAPER promise by gomens......using countries debt at their will
and decraesing the net worth of countries

Thats my view

This post has been edited by prophetjul: Jun 17 2011, 07:44 AM

Agreed.. One more thing.. by diversifing both in gold and silver, you can not go wrong. Again, if gold or silver goes up that's a plus/bonus. But the main thing is protect your wealth by backing them up with gold.

agreed with the prophet.

well, with RM500/- I think I will do some budget travelling or buy lot of books or attend seminar like Nat Achiever Congress, other seminars,. Just preview seminar (pre=sales seminar) only and not the 4-6K for 2 days seminar.
Get some info and start googling and see what is the prospect of each.

It gives a better return in future.
RM500/- of petrol today may worth RM5000/- in 5 years time. Do all the travelling U can, in the future travel will be expensives oil is rare.
Does not make much differences with buying gold.

Well do not just look at the RSI to trade or to buy, there is no one perfect indicator.

Agreed with you trading gold is not easy, imho due to the current high price of gold, you should have a least above 100k play the game.

Gold have been in the uptrend since 2001 making it a current 10 years uptrend, so you must know how to play a bull market depending on what stages it is. Should we not have different investment pattern for early, mid and mania phase of a bull market?

I see a lot of forum members going for physical gold purchase, i wonder if it is wise at this period of time. Physical Gold is good during which the country you are living in faces hyperinflation or if your country will be seriously affected by what is happening in the US.

If you have RM1000000 you should be concern with money devaluation, but what if you have RM 10000 or RM 20000? Would not the effect of devaluation be minimal?

I actually will be quite worried for the physical silver holder, wonder how many buyers there are locally? would the spread be good? if sell back internationally what would be the transport and insurance cost? after covering the transport, insurance and buying spread, would be worth it to invest in physical silver?

for me the best investment for RM10,000 to RM1,000,000 in terms of ROI is always as follows 1)Business 2)Property 3)Stocks/Commo/Futures/ETF's.

my first business gave me 90 times return in 6 years, way better than any other investment i know.

just my 1 cents...

i went UOB to open an gold investment account two days ago, when i tell my initiate plan with the sales assistant, he said better put in their unit trust than invest in gold as the price now is quite high, he predict it will drop slight in these few months.. so at the end i put in their OSK-UOB KidSaves Trust which he mentioned to me is greater potential of return... (by calculation)... im still wondering am i doing the right choice now

For me, gold is not my choice of investment because the return is TOO slow. Yea, I said TOO SLOW. Even slower than mutual funds. One good thing about gold is that it WILL increase and will NEVER decrease in the long-run. So you will have a 100% assured gain when you invest in gold BUT the return p/a is LOW compared to mutual funds.

Eg:Gold +2 - 12%return(FIX) Mutual Funds -10 - 40% return(Unstable)

ya.. this is what he told me... that why he suggested me to buy the unit trust above.. btw i do have gold investment account with PBB, bout 3 years ago, open together with my mom, now found that the price spread is not as good as UOB that why planning to buy with UOB, that time the gold price is RM117 but only bought the min requirment .. bit regret

If you read my response to Ahmed is why does he think its over bought?
i gave RSI as an example....care to add on to that to qualify yer statement.....on one is sayin theres
a PERFECT indicator



i see 1 cents really

When you invest Rm1e6 orRm1e4.........the devaluation will be the same in terms of RETURNS as you pointed out
at the end! ROI!

Apples with Oranges........gold is not a biz.....cant compare with that

If you wish, you may end up with a BIG ZERO in biz.......cant do that with gold.

Congrats on your multi returns on yer biz but not everyone can do that......so its of no significance in a gold thread!

Unless, unless yer EGO is tinkling...........

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Added on June 17, 2011, 12:57 pmCan you justify yer statement that gold return is slower than mutual funds....facts and figures please.
Another thing- no short term figures, thats casino investment!
i dare say gold beats most Malaysian funds- only maybe 5% of these funds did better than gold in the last 5 years.
Guess what? How do you pick these 5% funds out of the thousands of funds?

This post has been edited by prophetjul: Jun 17 2011, 12:57 PM

Must be my poor old man's EGO ha ha

This post has been edited by 97th Mobile: Jun 17 2011, 01:39 PM

want quick investment go to silver, silver is almost like investing in stock market, dangerous but potential high return if you hit it.

For interested parties, gold is not a good short term investment, gold is only a good investment if you are going to put it >10 years.

btw, gold is in the erratic stage. Good indication of another bottoming.

means buying now is a good choice or not still dilemma

Just remember don't take my word for it, it is still your decision when to buy gold.

Gold is up-trending, enjoy

okie ~ thanks btw