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 Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype

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`arthas
post May 4 2011, 12:05 PM

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i just curious is that worth to get a gold passbook account from maybank account?
`arthas
post May 4 2011, 04:47 PM

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QUOTE(cherroy @ May 4 2011, 03:20 PM)
Please don't mislead people.
Gold is not a saving account.
Gold is not a investment that can yield any interest or any assured return.

Selling gold at 25% higher then give back 18%, is not a return nor yield.
*
just curious how you think about maybank gold passbook account? hmm.gif

i saw there is an option which can withdraw gold from the bank.

Am I right? icon_rolleyes.gif
`arthas
post May 5 2011, 11:39 AM

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Hi guys i am a newbie on gold..

today i just applied an account from maybank.. it call gold saving passbook.. I just curious.. other than today rate from maybank.. do they provide their previous records ? Just want to see it for reference.
`arthas
post May 5 2011, 03:02 PM

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QUOTE(ahmadtarmizi88 @ May 5 2011, 11:42 AM)
the maybank gold saving account only valid in region of maybank.
u can't sell to others.

maybe they got previous record, but dolt worry, ur money safe.


Added on May 5, 2011, 11:45 amto 'arthas : get into real, get into physical, that better, gold saving account is only virtual gold, no gold at all, only some number grams of gold.

trust me, if u hold real/physical gold, u will feel different. intrinsic value!
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thinking to get physical but feel not safe putting them in home. How much does them cost like having physical one?

But anyone know where to find the previous rate from maybank offer? hmm.gif
`arthas
post May 5 2011, 09:27 PM

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QUOTE(Sifha238 @ May 5 2011, 09:22 PM)
I think the "some loan" you mention is Personal loan, shouldn't be any problem with car or housing loan  biggrin.gif
Btw, I pajak 250 grams, my  debt  gold at Bank Rakyat now is Rm 43k
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means you can get back your gold after you pay back to them?

just curious why don't you sell to others which cost like market price rclxub.gif

Bank rakyat pay you more? hmm.gif
`arthas
post May 7 2011, 05:52 PM

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i saw the spread of maybank quite high but maybank is a firm bank who can provide us better service in terms of choosing outside company.

At least there is a backup there for me (small small investor).

I get the passbook for long term investment which means have to invest for around 4years or plus. It's just that purchasing from now onward, collect it at the future.

So i guess all banks are the same if you want to do a long term investment. Few bucks different if only low quantity like me.
`arthas
post May 7 2011, 10:55 PM

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QUOTE(MNet @ May 7 2011, 10:40 PM)
if u buy gold @ http://fxtrade.oanda.com/trade-forex/fxtrade/gold

gold up u can earn $

gold down u can earn $ also

if u buy gold @ maybank pbank

gold up u earn $

if gold down u loss $
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kinda interesting stuff. i heard about Oanda but I only know it can only use for forex.

Never know can trade gold too. drool.gif maybe they provide silver too? icon_idea.gif

This post has been edited by `arthas: May 7 2011, 10:56 PM
`arthas
post May 9 2011, 01:34 PM

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the price these few days in maybank is around RM146~RM148.

i waiting it goes down more and collect some golds.

hehe..
`arthas
post May 9 2011, 01:41 PM

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QUOTE(ahmadtarmizi88 @ May 9 2011, 01:36 PM)
err, can't guarantee that.
better start now bro.
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blush.gif why? the price now is worth to collect? My few FD is going expired soon. biggrin.gif thinking to collect some golds.

`arthas
post May 9 2011, 01:47 PM

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QUOTE(ahmadtarmizi88 @ May 9 2011, 01:43 PM)
i really dont have any info about gold investment account's price.
maybe someone can help
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kinda interest about. what does Dinar Kelantan means? rclxms.gif

Sorry that i am new in gold. can you kindly explain to me? tongue.gif
`arthas
post May 10 2011, 12:12 PM

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QUOTE(Sifha238 @ May 10 2011, 12:07 PM)
Gold pirce keep on decreasing, I die liao  sweat.gif
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the price consist at around RM140 hmm.gif

will get some later on.. rclxm9.gif
`arthas
post May 11 2011, 09:16 AM

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QUOTE(benedict1213 @ May 10 2011, 09:08 PM)
ready for another roller-coaster down-wave?
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source? blush.gif

if it goes down, time to get in. drool.gif
`arthas
post May 11 2011, 03:50 PM

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QUOTE(Jutawan @ May 11 2011, 02:45 PM)
Gold price still low for this week? Time to get in?
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the price is increasing now blush.gif

`arthas
post May 12 2011, 12:26 PM

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QUOTE(double7 @ May 12 2011, 12:00 PM)
Not sure yet.. It's either my house lawn or my dad's orchard land.. If my dad's orchard there's a higher risk of soil movement due to being near foothill as well as there's a river nearby.. Heavy rain might raise the water table causing soil movement..

My house lawn has concrete around the land due to the drainage structure so I think soil movement is minimal.. The biggest concern is me actually forgetting about burying it.. Then it really will end up as buried treasure  biggrin.gif
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doh.gif can I be the treasure hunter? drool.gif

LET ME KNOW YOUR LOCATION! cool2.gif
`arthas
post May 12 2011, 02:01 PM

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QUOTE(ssilverr82 @ May 12 2011, 01:48 PM)
This thread is just awesome!!! Starting off small real soon... Thanks guys!!!
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hehe for your first time, i would suggest you go for the bank and collect more information for their service provide. blush.gif
When you get know more knowledge, you can try to get some other companies to get physical gold drool.gif

just my 2 cents icon_rolleyes.gif
`arthas
post May 18 2011, 10:50 AM

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QUOTE(97th Mobile @ May 18 2011, 12:24 AM)
Just keep your gold, it will go much much higher by 2012.

As far as i know most investor buy physical for the long term (i.e. 1-2 years at least), Medium term players (3-6 Months) go for gold ETF's, futures or options.

Short term players (daily trading) go for forex or bank's spot gold price trading.

In my opinion the spreads available locally is too high for trading.
*
The spread is very high for bank, so i guess bank is for long-middle term investment. hmm.gif


`arthas
post May 19 2011, 08:22 AM

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QUOTE(97th Mobile @ May 18 2011, 10:47 PM)
There is banks overseas with normal accounts that allows online trading gold spot at RM1-RM2 spread and silver spot at RM.041-RM0.50 spread per gram.

for even better spread perhaps forex?
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hmm.gif what bank does offer that kind of spread? mind to intro? blush.gif
`arthas
post May 19 2011, 04:01 PM

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QUOTE(GoldChan @ May 19 2011, 09:03 AM)
UOB SG got gold and silver account. Spread is about SGD 10 cent /gram
HOng Kong banks also got paper gold. But all of them U must physically present to do the buy and sell.

below is the full details lah
http://silvermalaysia.blogspot.com/2011/04...pm-trading.html

If you got other bank contact which allow  online trading, I ;'m interested to know lah.
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so i guess only for Singaporean to apply for it? hmm.gif

I am living in malaysia. cry.gif
`arthas
post Jun 2 2011, 09:35 AM

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QUOTE(ShoppingBag @ Jun 2 2011, 12:29 AM)
I thought it might go down so i can buy more !! but i see the price shoot up like rocket. blink.gif
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yea this is the point.. i am looking for downtrend.. but it is difficult to see downtrend for gold hmm.gif
`arthas
post Jun 2 2011, 10:07 AM

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QUOTE(benedict1213 @ Jun 2 2011, 10:06 AM)
same with me.  i looking downward to 1490,  1430..  Do not miss this opportunity again.  pray pray!
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rclxms.gif rclxms.gif wish we luck and grab some golddddsss drool.gif

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