Public gold good ar?

Check the thread before asking questions like this
It has already been discussed extensively
If you are lazy dont post....

My advice : For those who is interested in Gold, sorry to say that gold price will start to decline until the end of the year. It will begin to rise in 2012.

Gold vending machine?

We already have thief try to tow-away (using car or don't know what kind of stuff) the entire ATM machine before.
Gold vending machine?
May be you see crane coming...

Mind to share your opinion on this?

Isn't his advice his opinion?
Or did you mean justification?

One thing we know the gold price is going down down down !!!
Is this the correction of gold price??? bubble have burst???

sounds more like correction for speculation
if bubble burst people will be crying already.

is it really possible for gold price to be burst??

i don't think price will burst. Since only 2% owning golds as investment.

This writer believes that the hard landing that he foresees for China will probably prick the global commodity bubble, which is already showing signs of topping out.

http://www.bloomberg.com/news/2011-07-01/w...y-shilling.html

Haha. Justification is the proper word.

Just as the Mayan predicted that 2012 is the end of the world but this time, this time sapapa forecasted that Gold price will fall in begin of E3 until the end of the year.

Prediction is useless, always remember NO one can predict the future. One can take the opportunity to buy more when the price is down, nobody knows where is the dip.

I am trading gold, so if the price drop, I short it.

Gold ATM:

I have a friend that doing gold investment, minimum buying gold is 100g and you will enjoy 1.8% interest rate monthly...now the price is rm181 per g...is it worth going in?

in the first place, gold investment itself DOES NOT yield any interest unlike FD. in most cases, the 'friend' will turn out otherwise aka con men

As always, buy from reputable dealers/banks, either keep it physical (pamp, etc) or gold savings (UOB, maybank etc) , and not any unknown tom D ick Harry companies

This post has been edited by kucingfight: Jul 4 2011, 10:29 AM

He is selling real gold...you actually get real gold in return, not just paper cert.

This is the co. website http://mygoldgoose.wordpress.com/

Any comment guys?

i'd guess that he's paying you 'interest' from your own money due to the excessive premium in the selling price. you will lose again when you sell depending on how much spread he's asking for.

most such schemes can pay supposedly 'interest' due to very high initial selling prices and the goods can be anything that you can imagine - gold, silver, oil palm, bird nest, fish, etc

Yes. I seconded this. I don't think it's actually legal to get 'interest' from non registered company from Bank Negara. Correct me if I am wrong. If there are 'interest' to be paid, those i-Gold account from Maybank, Public Bank, UOB and so forth would have pay you the interest in the first place.

Do check properly before committing

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Added on July 4, 2011, 12:29 pmAlso, from the website, it wrote "Genneva Malaysia – My Gold Goose
Leading Gold Bullion Dealer based on Syariah Principles".

Interest was never part of the Syariah Principles. Do check in depth on this

This post has been edited by 3think: Jul 4 2011, 12:29 PM