Agreed there risk in everything that we do. Hence do homework before committing.

Old people hoarding money under the pillows or biscuit tins, are putting all their eggs in one basket.

Spreading risk is important, store in the bank, in stock, in property, in commodities like gold/silver, etc

What I'm looking for is a convenient and reliable of bullion if anyone has experience good and bad please share

Agreed one of my first purchase is property

---

Added on March 11, 2011, 5:55 pmThanks I've checked out KFH brochure at Pavillion.

One thing to note is the bullion is not typical 99.99% (Singa, Kijang, Maples, Nugget) but 99.95% purity.

This post has been edited by aaronpang: Mar 11 2011, 05:55 PM

Yes, it is.
And KFH spread quite high too.
I choose KFH because their gold from Turkey(stabil economy) and i find that KFH is most honest bank(from my research lah ).

1 thing for sure :
- Dont buy gold or silver from SDN.BHD. company.
Risky

This post has been edited by FrancescoTop8: Mar 11 2011, 07:45 PM

Gold prices drop quite a lot. a perfect time to buy

could drop somemore.... just curious.. why gold is dropping ?? shouldn't it be higher since got disaster and all and ppl parking their money in gold ?

sifus i read somewhere gold price will go down in april...is that right ?

if got disaster in other country ( maybe other than USA) , most ppl will buy USD . nowadays especially commodity price ( gold , oil ) is not as simple as a demand and supply to determine the price, it can be manipulated by wall street and so on...

This post has been edited by foofoosasa: Mar 17 2011, 04:12 PM

i just found out this thread over here. nice info. i go for maybank due to no other charges if compare to PB, but didn't knw other banks also got, i though only 2

---

Added on March 17, 2011, 4:44 pmprice drop since early this week.
i think gold investments are for long terms. no point just wait to earn couple of bucks after several mths? i mean just last mth i bought at 137/g but when sell it'll be around 142?+ but only this mth buying already 142 and can sell only at 137.

This post has been edited by DM3: Mar 17 2011, 04:44 PM

Investor have to sell gold to cover up their loss in anything related to Japan.
Insurers also need to liquidity their gold fast to cover the expenses.

Anyhow, the gold price dropping in turbulent times (e.g; tsunami) are quite strange situation.

the price we're seeing is the spot price which is the futures market.

As long as there are more money on 1 side, you can push it up or down....

the recent Japanese problem caused people to liquidate their position in the futures market causing the price to get sudden drop, but it'll slowly climb back.

physical demand and spot price is totally different thing.

That's what I highlighted before.
The price of gold is not dictated by real physical demand, but futures market.

Physical gold price is based or following futures market pricing.

---

Added on March 17, 2011, 11:36 pmNot strange, as it is about risk appetite for futures marker traders and speculators.

Also, the disastrous event has nothing to do with gold nor should affect gold price.

Gold is chased after when inflation looming, or when the cash money can depreciate.
The Tsunami disastrous has nothing to do with gold.
In fact, it should have slight negative effect, as economy is affected could mean inflation can go down, as well as highlighted hoarding physical gold may not a good idea nor can protect your asset during disastrous hit.




This post has been edited by cherroy: Mar 17 2011, 11:36 PM

For those who buy gold via UOB bank's Gold Savings Account ( http://www1.uob.com.my/webpages/b_treasury..._investment.htm ), can you buy or sell your gold online? Or do you need to go to the bank itself to conduct transactions?

Only to a certain extent as i have written before......in silver, backwardation is happening.

Go buy physical silver and see how much you have to pay for premiums......

sorry to ask 999.9 n 99.9 diff? so means tht only 2 banks Maybank n UOB give the purest form?

It helps if you let us know what measurement are you're using is it % or finesse?

To my knowledge purest bullion in % is the Canadian Maple... 99.999% Gold. In practice 99.99% is already consider pure gold.

For finesses below shows which is higher:-

* 24 carat (millesimal fineness 999 or higher)
* 22 carat (millesimal fineness 916)
* 21 carat (millesimal fineness 875)
* 20 carat (millesimal fineness 833)
* 18 carat (millesimal fineness 750)
* 15 carat (millesimal fineness 625)
* 14 carat (millesimal fineness 585)

This post has been edited by aaronpang: Mar 20 2011, 10:36 AM

Thanks.

actually got it frm here as the comparison for the 999.9 & 99.9 between banks :

hi all, anyone heard about this :
www.nubex.com.my

Gold today climbs, fast.
Hope it runs on steady mode :-)

when u guys invest on gold, how long u all plan to keep? and do u sell and buy back again at good pricing?

expecting a GOLD STANDARD.
That is quite ambitious target, but believe in it due to current economic events.
If GOLD STANDARD not materialised, i go for long term(<10 years).

MOST IMPORTANT, all target must obey the present & future macroeconomics.

problem solved

This post has been edited by cristiano7mu: Mar 22 2011, 11:52 PM