Hi Goldsmiths!

I traded Gold/ Silver Spot since years plus and coming two year already. Indeed, I'm interested to keep physical pure gold/silver as collection. anyone selling here or good recommended here?

well, i agreed with arthas,
The differents between Maybank and public bank Gold passbook account are:-

Public Bank gold passbook account.
- cheaper spread (buy/sell) compare to Maybank. (different RM5.xx per gram)
- Min 20Gram deposit to open an account.
- RM10 stamp duty.
- RM10 anual fee.

Maybank gold passbook account.
- high rate of spread compare to public bank. (different RM6 per gram)
- Min 5Gram deposit.

well, both bank offers different plan, and there are pros & cons.
Before we make the final stage, let me explain to you the spread of RM6 per gram.

DO you know that a little different of RM6 spread per gram could mean a lot?

1oz of gold= USD 1500 (RM4500)
if we get through bank gold passport account,
which mean we pay premium for 1oz. of gold = RM6 * 31.108 = RM186.65 = USD 62.16

question, when we will get back our model?
the answer is which while gold hit USD 1560..!

invest wisely!

yes, Oanda is a reliable and license broker in SG. good recommended broker. on the another hand, i using IGMARKETS while also license in SG too. Both support with IPHONE user.

hi caerulln,

Your question need years of self's experience & knowledge and its depend how you apply Fibonacci on the chart. basically, a healthy correction for Gold/Silver is 50%-61.8%. 23.8%-33% is a sign of continuously trend.
But remember, THIS IS A HUGE TOPIC. Beside Fibonacci, you must understand the market momentum too!

BEST WISHES!

Stock is preferable in-term of investment. Margin issue same as you use 100% to get a physical Gold. To clarify your question, margin requirement from broker need 20-40% only! instead of you paying 100% to own that physical gold. hope this help..

This post has been edited by benedict1213: May 9 2011, 10:28 AM

ready for another roller-coaster down-wave?

may i know that either Maybank, public bank, or UOB gold investment account is better? anyone survey or knw the different?

I foresee Gold will retest to USD 1440-1450 region! Abandon this target if Gold couldn't reach before 21st of May!

aiya... Gold keep swing my entry at 1523 today..
It's bad if you Buy Gold, and Buy USD. both swing you!

This post has been edited by benedict1213: May 27 2011, 07:56 PM

hi ikram.adi,

In certain part, you are correct. Indeed, don't be surprise that some currency appreciate greater than Gold sometimes. You can compare Gold chart with different currencies. That the reason that i don't prefer use RM to invest in Gold or Silver.
beside that, Investment needs fundamentals and economic knowledge background.

BEST WISHES!

yes ikram.adi,

I use USD to buy/ trade Gold & Silver. Yes, i do invest in physicals gold, Silver bars, and i concentrate study chart and fundamental backup everyday. Stock sometimes.

Hi Jutawan,
there are a few good recommended website.
http://www.forexfactory.com/
http://www.actionforex.com/
http://www.cnbc.com/
http://www.netdania.com

There are a lot more website that i couldn't remember now.
Well, I keep track and update myself on this two; forexfactory and CNBC world news everyday.
On the same time, I study and invest in currencies too.
The most important things is, I have the software and program which provide me the chart/market movement so that for me to analysis because investment is a business. Do not form a "Play" habit in business or invest blindly. Hope this help.

This post has been edited by benedict1213: May 28 2011, 10:02 AM

hi xcarfieldx,

ikram.adi means:

GOLD is an Insurance against Inflation Aka. asset safe-haven.
GOLD quoted on USD.
USD vs a basket of currencies. EURO, POUND, AUSSIE, MALAYSIA RIGGIT and so on..


Let start into market analysis...

Normal market characteristic, if USD depreciated, mean USD face value drop!
means:-
GOLD price appreciated!
a basket of currencies appreciated,
same as Malaysia RINGGIT appreciated too!


so let compare between GOLD and RINGGIT

GOLD up, RIGGIT up.
basically, there will be a consolidate for malaysian Gold investor, why?
Don't forget that we (malaysian) use RINGGIT buy GOLD. Gold appreciated, our RINGGIT appreciated too!

calculation:
investment portfolio.
1gram of Gold : USD50
USD/MYR : 3.00
Our Capital (cost per gram of gold) : USD50* 3.00 = RM150

scenario 1
USD drop = MYR appreciate.
USD/MYR: 2.90

If we buy 1 gram of Gold = USD 50 x RM 2.90 = RM145! (RM5 depreciation if we buy Gold in USD50)


scenario 2
USD drop = Gold appreciate, MYR appreciate.
1gram of Gold : USD52
USD/MYR : 2.90

If we buy 1 gram of Gold = USD 52 x RM 2.90 = RM150.8! (could you see there are no much different if Gold and Ringgit appreciated?)

Hope this help.

This post has been edited by benedict1213: May 28 2011, 12:27 PM

Its alright, xcarfieldx. God doesn't create Stupid Men. Proud of yourself that you willing to learn.
I remembered few month back that a kid aged 5yrs old told me, 'to be a 5minutes stupid and be dare to ask, rather than forever stupid in your life!'

to answer your question,
Scenario 1 is the comparison of USD and RINGGIT, GOLD price stable at USD50. (Example)

Remember this;
(normal market reaction, if USD depreciated, Gold will up. Because Gold quoted in USD)


for scenario 2,
Depend how you compare with the Gold value.

If you compare with USD..
Yes, Gold value is appreciate while USD depreciated,
but DOESN'T mean that Gold value appreciate quoted in MALAYSIA.
why?
Because...., USD vs a basket of currencies...include MALAYSIA.

If USD value drop means, GOLD value will Surge same as RINGGIT face value will up!
GOLD and RINGGIT hold hand fly sky together.. that why you could see scenario 2, we get rm150.80 (same as our capital modal) even though Gold appreciated.

hope this help.

That why Analysis chart and market economic and fundamental news background is important. The necessary tools is the software for us to study & read the chart. Anyone here study Gold, Silver, and currency chart? or just purely investment with feel or friend's influent? hmmmmm...

This post has been edited by benedict1213: May 29 2011, 06:14 PM

hi xcarfieldx,

Let me explain you through other scenario..
Currently you are a dentist. Operated a clinic and charged fee RM50 per customer.
Few month with good business, you take this opportunity to increase the fee to RM55. Meaning that you're making economic inflation and customer have to pay more for your service.
The question is, how do they earn that RM5 extra? They would grumble and asking increase salary from their boss because of inflation. What if Employer increased employee's salary? They will increase the price for the product or service too!
meaning that, RINGGIT face value depreciated due to inflation!

To answer your question, "why Gold couldn't directly proportional to USD?"
As an investor (us), we must know how to observes our capital. Money vs product, means either we use money to buy product or you use product turn to money. Same as, you sell money, buy product.. or sell product, buy(get back) money...

On the another hands, Yellow metal was limited and no one knows how many left deep under this earth.. Indeed, Gold became a trendy's and believes could bring prosperity fortune, wealth insurances & preserves.. that why the market and 'noise' is there!
hope this help.

yes, prophetjul is right. thanks for the info bro. Best day!

sorry to hear it that your mum got scammed, Hurly. Currently i trade Gold and Silver through reliable broker. I trade FOREX too.

Before answer your question, I wanna telling you that, Risk is all around. it's depend how you manage your risk appetite!
1. Yes, Gold will go Higher but depend when and what price you compared. An appreciation of USD1 is considered as appreciated!
That why you need to ask yourself that what is your contingency and trade plan. (your objective and target)

2. Yes, possible that it will drop same scenario on 2008 as i aforementioned above, Risk is all around.., that why we MUST understand the economic and fundamental background before step further. Base on market analysis, USD is struggling for recovery and EURO is seek resolution for debt. Every Country facing inflation, what we need to preserves our money through insurance! It's suggested you to stay-out if you unsure. or invest some..

3. Maybe? ask your risk appetite. Some might say yes, some might answer no.. Its will make you confused!
If you missed the Golden Jet, do not miss the silver train. Best Wishes!

same with me. i looking downward to 1490, 1430.. Do not miss this opportunity again. pray pray!

possible Gold spot will drop to 1450-1490.

foresee 1450 earlier next week or delayed til mid of july.. take 1410 as a support, potential will go USD1700 this year end. Do not be panic and rush into the market. There are opportunity everyday. Best wishes!

Gun, UOB gold saving account is preferable.