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

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...

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Added on June 17, 2011, 11:10 pm

1. Most businesses will fail in post peak oil environment.
so many of the traditional business like Starbuck, Maddona, franchise - it ;s too late to get in now.
Don;t waste your $capital, just buy a farm land and start planting food.
even that is not guarantee in post peak oil environment, it only going to give U extra opportunity to survive.

2. Most of the property will drop in prices as it cannot sustain itself w/o oil.
will scare U more later part of my life ok. maybe 3-6 mths down the road. got my reason.

3. Stocks etc goes up cause of QE 1 , QE 2. It can go higher but in actual value is lower.
No oil => no business ==> stock jatuh.!
no one can prevent that.!

no oil===> no mining ==> no extra gold and silver.
start with Peak Oil, read Chris Martenson crash course then the rest it pretty easy to understand.

Thus, gold and silver is the only tools to save guard your purchasing power for the time being. The next thing is farm land. and community based sharing.

1. If there is no oil, we humans will find alternatives, we always do. Fortunately we still have horses, camels, cows to pull wagons for us. Business will still be here even though it may have evolved to the world changes. It will still be of value because the business will still generate revenue.

2. The argument can be both ways, if there is no oil for the big machines then we will have to revert back to building wooden house? would a brick house then be of better value? Property price does fluctuate but tell me did gold price drop in the 90's? I think everything of value will fluctuate in price due to demand and supply. What i do know is the human population will keep growing unless there is massive famine or war. So the demand for property will always be there, it's just at what price.

3. i think stocks can jatuh also if there is still oil like 1997, 2008 and 1929 (No QE that time), it is just when to buy that matters.

I am not saying that Gold investment is not the way, in fact i too believe it is the current in trend investment since 2001. I am more worry on how long this trend will last. Will i be able to get out in time.

All investment have it's peak, am i ready for the next bull (whatever it may be)

Since my 1 cents is useless, this is my 1/2 cents (should even be more useless ha ha)

well, maybe the sales assistant can earn commission by selling Unit Trust

I am not saying that Gold investment is not the way, in fact i too believe it is the current in trend investment since 2001. I am more worry on how long this trend will last. Will i be able to get out in time.

1. There is no alternatives other than oil. period. if there is then no IRAQ war, no LIBYA war, no 911.
U name an alternative U 1 I can challenge you.  alternatives are very2 expensive, even if there is alternative, U need to cut down 90% of your energy usage.

2. All forest has been taken away U can find no wood but concrete, brick is energy intensive.

3. All human survive today because of oil. period.
there are 2 camps, one is doom day camp, another one is hopeful camp.

4. gold is the alternatives, until society break down.

1. No need to challenge lah, but you are right petrol price keep on increasing and i will still keep on paying for it until there is no oil or other alternatives then maybe i have to ride donkey or bicycle to work .

2. Our country still have a lot of trees lah, i am just suggesting that brick house would have more value than wooden house.

3. Me not in either camp, i would rate food, water and shelter as the most valuable commodities. if we do not have oil power then we still have steam power, wind power and manual labor power.

4. No comments, anything can happen when society break down.

Just my humble opinion. Now i respect your opinion too, i believe how we think makes us what we are and what we going to be in the future.

faber est quisque fortunae suae

You may not be so much older than me!  

Getting into gold is the same as getting out.............

looking at the signs of the times and not distracted by charts per se.......charts are just charts

The signs of the times are sayin gold's run is far from over   

U don;t understand the scale of the problem we face.  
your responds suggested that you are not a believer in peak oil and belong to hopeful camp. Hopefully it will not be too late by the time you figure it out.

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

In unit trust, you will pay an initial charge (5% - 6%) and an annual management charge (1% - 1.75%)
It means u have to pay ur initial charge. But, the worst of it is annual management charge, before u start the race EVERY YEAR. 
Imagine ur Skyline GTR34 have to wait at pit stop(to clear the ANNUAL management fee) while rival`s Skyline GTR34 already speeding at will. 

In gold investment, u do have Spread, but no annual management charge at all.
It means u only need to clear ur spread and u were right in the race.
Imagine ur Skyline GTR34 allowed to speeding while rival`s Skyline GTR34 still idle in pit stop. 

I know that y bit regret to place that trust, however, nvm la since already place then just wish that it will earn.. And will place another investment in gold account in coming weeks or month thanks for the advice above

Unit trust has a cooling-off period.
Investor can enforce this condition if he/she doesn`t want to continue the investment.

I also encounter the similar situation like yours.
The bank executive AKA unit trust agent try to divert  >30% of my planned gold capital into unit trusts, of her recommendation.
I do realised that i`m noob in financial things, but by promoting unit trust like there`s no tomorrow, it just insult of intelligence.

Greed is my weakness when it comes to getting out.

Agreed that the gold bull run is still on, the challenge to me is to find the next bull because i plan 5-6 years ahead.

That is how i was taught to invest, buy it when it is low and sell it when it is high and never chase the bull.

I wonder, did you double up or triple up your gold in terms of value over the years?

Did you bet all in into gold?

News : This year E3, Gold price will shoot up tremendously! Don't buy paper gold, buy physical.

News : This year E3, Gold price will shoot up tremendously! Don't buy paper gold, buy physical.

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)

News : This year E3, Gold price will shoot up tremendously! Don't buy paper gold, buy physical.