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

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anechoic
post Jun 16 2011, 11:37 AM

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QUOTE(TruthHurts @ Jun 16 2011, 08:14 AM)
Gold is better since its value hardly drop. Silver however i would never get involved since im into gold only. Maybe there are other people could help you there. 
Gold in shop cost you 170+ pergram some cutthroat go at least 180+ per gram. If you just want to save it, either you open public bank gold account or you buy gold Kijang coin. But RM 400 will not be sufficent. at the moment gold maintain in market at 150+ per gram. Gold account saving need at least minimum 20g to start thats at least RM3k++.   

RM150++ = 1 gram.
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maybank only needs 1gm to start. Just bought 2gm...haha still new. laugh.gif
anechoic
post Jun 16 2011, 05:31 PM

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haha..okok. i just trying out. I got money in the bank. Just wanna open account first ma...

what is the amount to consider a reasonable investment??
anechoic
post Jul 13 2011, 10:48 AM

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wow, the gold price has been jumping this week?

last week was dropping now going up and up..
anechoic
post Aug 5 2011, 09:35 AM

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will gold still drop or should go and buy now? if gold will go up till year end, then have to buy liao..ahaha.

hmm, kinda regret never buy before the US debt annoucment on 2 aug..


anechoic
post Aug 8 2011, 09:53 AM

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QUOTE(quackpack @ Aug 7 2011, 09:14 PM)
blink.gif

There is this thing called spot price where gold are traded internationally in USD and in troy ounce.

Most banks here that offer gold account usually get the spot price from those source and add in some spread for profit.

Spot gold price is very volatile this week, bargain hunter stay focus!  rclxms.gif
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meaning got chance for drop?? i waiting to buy ar.. tongue.gif
anechoic
post Aug 11 2011, 08:29 PM

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QUOTE(megabyte @ Aug 11 2011, 08:18 PM)
Ok thanks for the feedback.

But I thought they will give me a passbook or something, but instead, they gave me an ATM card and an acknowledgement slip only. Is this normal?
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not sure, i am using maybank gold account, and they provide a passbook record my gold purchase..

not sure about UOB though...


i am thinking whether to get UOB gold account too since spread is smaller.
Initially open maybank as it is more flexible in terms of purhase/sale, also i can walk within 5 mins from my office..hehe. but seems the spread ever increasing!!
anechoic
post Aug 14 2011, 11:23 AM

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QUOTE(lustman @ Aug 14 2011, 06:00 AM)
i think not all MBB have gold account.
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QUOTE(hdslr cinematography @ Aug 14 2011, 06:13 AM)
Is it true? I live in bangi.
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just dun go to Maybank islamic branch..u can buy/sell gold there but can't open account. need go to normal maybank branch..
anechoic
post Aug 19 2011, 10:15 AM

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QUOTE(SilentSerpent @ Aug 19 2011, 10:12 AM)
only pb? so uob and maybank dont have online for this? sad.gif
yeah, have to take this into consideration as well. i can easily run to a maybank anytime. just beside my office.
if uob, need to look for it pulak  mad.gif
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same here..open at maybank as well due to convienient.

maybe will open UOB account for long term investment since UOB need buy 20g initial and 5g thereafer...

but gold not drop much liao... sigh
anechoic
post Aug 24 2011, 02:04 PM

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seems like just going up and down every other day..hehe
anechoic
post Aug 25 2011, 11:50 AM

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QUOTE(cybermaster98 @ Aug 25 2011, 11:47 AM)
Read the article carefully. It states that we're looking at the Awareness Stage. That was back in Nov 2010. Meaning they were still at the Stealth Stage at that point in time.

So based on current price increases/drops, i would say that we are probably in the bear trap. But the question is are we at the bottom of the bear trap or just entering? Personally, i dont think we've hit bottom yet. We might hit bottom next week or next month. I think there's still room for more correction to come.
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hope so..then i can go uob open gold account for long term saving..


anechoic
post Aug 25 2011, 08:28 PM

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drop to $1704 liao in London..

http://www.bloomberg.com/news/2011-08-25/g...es-margins.html

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