My God, I just updated my silver portfolio.

Buy 27/12/10 - RM950
If sell (Buying Price) today - RM1,111
Increase 16.95% in 4 months.

The trend this worrying.
Is the silver is going for correction?

Aiyo, if incerase slow, worry. Increase high also the same...... huhu...




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I am considering my self as a long term investor, soo conservertive. You can call me chicken if you want.
Wanted to hold, but scare it will crach like the oil price before this.

Maybe I can consider to take some profit. Thanks

If we are saying that paper money are being manipulated, how can we be sure that gold and silver price are not the same?

http://www.bnm.gov.my/index.php?ch=12&pg=141

http://www.bnm.gov.my/index.php?ch=12

A very sad day for me. Maybe i need to let go 4 oz of my kijang to buy a piece of land...

I had bought kijang since 2008 and never sell a piece....

It had give me a tremendous appreciate value and give me some feeling that maybe someone who own gold can understand it.....

I will try to pujuk my wife to withdrawn her ASB to avoid me selling kijang...


Anyway, thanks for your offer, will consider it....

haha...YOU THE MAN......!!! I AM SO JELOSSS......!!!!

You are right, both is an investment. It is more of personal feeling....

Anyway, the gold price seem unstoppable. Greece crisis is worsening and silver price had idle for quite sometime. Another bull maybe?

Just a small agri land, about 1.25 acre, at a corner of a jungle at Malacca. No money to buy land at Selangor or KL....

The price about RM30k and market price should be around RM45k and above. ( even though my friend said he can get buyer to buy at RM60k).

Plan to build a small house to raise our children. Stay at kampung, save a lot. Somemore can grow cili padi and use motorcycle without helmet.....hehehe......

Where is your land, how much? Wow.... goldchan now expanding his portfolio, congrat...!

If sell 4 oz, only left a "few" only....

Ya la bro. But if try harder, like house, maybe you can get freehold at a good bargain..

I think no body can guarantee since we are doing free trade. I remember few years back, UOB spread was only about 1.8% to 2% but now had increased to almost 4%. The best thing is sell direct to individual and both of you can negotiate the spread.

Etika Emas 2.0 ?

My friend, if you got physical (coin or bar), the shiny reflection will go deep into your heart.......
Don't believe me? Buy some at GoldChan and try it by yourself.

For someone that believe if when bank and economy is collapsing in our county, the most important thing to do is find water and grow food, maybe should relook back this classic video.

http://www.youtube.com/watch?v=7ubJp6rmUYM


Bank will collapse only when the economy as a whole is collapsing?

Not necessary. In 2008, Lehman brothers and Merrill lynch gone with the investor money, but US as a whole still surviving. Remember Barings Bank? too young to know it?

So, Maybank may collapse but Malaysia as a country still survive. While the person with physical gold can still sell their gold, people with paper gold can only knock their head.

Moral of the story, history repeat.
Story is the same, the different is the actor.

http://goldprice.org/gold-price-history.html

http://www.bnm.gov.my/index.php?ch=12&pg=141

Wise will bring us prosper

Greed will bring us disaster

Bank can provide paper gold and be shariah compliant provided that it is actually been back by physical gold.

Which mean, you buy paper, at the same time Bank must have/own the same amount of physical gold.

For KFH, there are actually keeping your gold and give some sort of certificate of ownership and you can take the physical at ANYTIME.

Maybe you can buy gold company stock?

That is what Robert does. When someone complained to him about fuel price had increased, he bought oil company stock.

Why KFH so high?
Because, to comply with shariah, they must give an option to convert to gold at any time.

So, lets compare apple to apple.
Public Gold, 10grm, 1877-1722=150=15 pergram

Kijang emas, 5551oz-5336oz=215/31.1 = 6.91 pergram.

So, for security not to hold it physically and the convenient of paper gold transaction, you decide whether RM10 pergrm is high or not.

We start investing since 2008, 15 May 2008 to be exact. It took me 2 years of research to convince my self and 2 month to convince my wife.

To date, total investment in precious metal is 1/3 of our net wealth (99% is in gold). Others are in cash, unit trust, 1 piece of land and 1 property.

Agreed not to put all egg in one basket but so far gold had beaten all our others investment in term of return.

The problem always is, we buy high and sell low aka following the crowd.

I can guaranteed based on my own experience, most of the time when greed scream at my ear, she always become mediator to calm me down to think further