Agro Bank stop receiving jongkong emas & Dinar for pawning. so wats the best way to rollover physical gold now guys?

So basically in your opinion is it better to buy gold dinar's 916 or gold bars 999.9? I mean if you have 10K as capital. what should one spend on..

This post has been edited by dinodrumz: May 26 2011, 05:37 PM

Despite everything, Gold will keep goin up in the next few years. Very Bullish market.. Some are saying it will touch 2000US per ounce by the end of 2011. & some even say US5000 per oz in the next few yrs.

My approach is stock up on gold as much as you can monthly. US$1500per oz may seem high now but in the next few yrs, you will just smile as Gold is best way to protect your wealth from all the manipulation with fiat currency/inflation.

This post has been edited by dinodrumz: Jun 5 2011, 03:09 PM

Well, some people here meaning Rob McEwen, not just some random aunty uncle . LOL*

Well, the US currency will eventually demonetize as the US $ is currenctly in ICU.

You can see the state of Utah has already legalized gold and silver and a legitimate currency. Once the US currency falls. Israel will emerge as the next superpower replacing the US. China knows this, that's why they are stocking up on as much gold as money can buy.

Every Jew in the world knows that Gold & Silver is the only valid currency. Paper money is worthless. Also people need to understand that buying gold is not an investment but is to actually protect your wealth from being manipulated/inflation. Rm10K now and 5 yrs down the line is not the same.

I only wish I could withdraw my EPF and convert it all to gold.

My 2 cents though.

Yeah that's why. Anyway, hope that Malaysians start to keep gold. Kesian most of the public, they dont know what's goin on with the economy and still minum teh tarik only. =P

My friend bought a gold dinar coin the other day and he was shocked la. 4.25 grams of gold costs so much and the gold he got was so small.. like 10 sen coin only haha..

Waahh.. How did you do "pencen" option ah? sounds like a really good plan la. ANyone cna do or must have certain requirement?

This week we're expected to see it go higher. I wanna buy more stock as well.right now it's US$1540 per oz.

If it goes down to US1500 also i think thats good already. But according to previous years pattern, there should be a low in June/July and once August comes it will go up so dont get left behind.

Make sure you check the gold price daily so you know when it is low yeah.

True.. Variation will always be there. But that's the fun of it. US$12,500 seems like a crazy figure but we never know. 10 yrs ago, people dont actually bother about keeping gold. Now it's highly sought after.

I would say a realistic target figure would be around USD2600-USD3000. One thing for sure it will maintain the up trend for quite a while.. That one also we kaya already haha.

So whatever gold bars, bullion, rantai etc you all have just keep it and dont sell.. in the meantime, keep stocking up until the point gold becomes too expensive to purchase then we'll probably go on to silver (or continue to buy silver if you're already doing so- darn cheap now).

Here's our chance to become the next Donald Trump LOL**

Yeah.. definitely to protect our wealth by converting our cash to gold. Personally, i think that's the best option out there at the moment.

About being Donald Trump. that was just a for fun

Next week prices for gold n silver are expected to go down further.. So let's keep an eye on that yeah. Kumpul stock time before the last train leaves for August

Just to take it a step further, in case anyone's confused why there are Dinar 916 (22K) by PG & 999.9 (24K) by GCP. The dinar 999.9 (24K) was the standard used during the Prophet Muhammad (peace and blessings be upon him). At the time of the ruling of the second Caliph Umar Al Khattab, he set the standard that 1 dinar would be 916 (22K). I agree Dinar is slightly more expensive than the usual gold bullion. However, that is the official currency for Islam dating 1400 yrs back. Fiat currency and paper currency will eventually crumble in the coming years and we will all be going back to the gold & silver monetary system.

When that happens, one might ask. I have a 999.9 dinar (24K) & another would say I have a 916 Dinar (22k). Where's the fairness in trading that. When the time comes, the authorities will be the one who will declare which Dinar standard to be used. Either 999.9 or 916. It doesn't change the value of anything because you still own the gold.Just that 999.9 dinar (24K) could be worth 1 Dinar & 916 (22K) would be worth 3/4 dinar. Hope that clears things up.

Also, Dinar may be easier to get here now we're starting to mint our own but on a global scale. Dinar is worth more than just the weight of the gold 4.25gm by itself because it is a valid currency that will be making a comeback in the years to come.

Whatever it is, just start saving gold and converting as much cash to gold as you can. The price of gold will keep going up until Israel becomes the next superpower replacing the US. Please have a look at the USD$ today.. it is preparing for its demise and paving the way for Israel to be the next superpower. They are the ones in control of the global financial institutions and they are the ones working to bring the gold and silver back as the monetary system just as the time when King Solomon ruled. That is their belief and that is what is happening now whether you like to acknowledge it or not. That is the reason why I got involved in the gold industry as well. save your wealth before it's too late. =P

Regardless of the price of gold now. It is still cheap when you look back 5-10 yrs from now. Just keep buying and cost average it.

Good luck =)

This post has been edited by dinodrumz: Jun 13 2011, 10:39 PM

Good question. What I mentioned has basis as GCP has researched on this and they have pictures of the dinar used from the time of the prophet. The term they used back then obviously wasn't 24k etc, but it was arabic but means the same thing as measuring gold value never changes. That's the beauty of gold itself. Also, the silent advisor to GCP is islamic scholar Sheikh Nuruddin Marbu AlBanjari from Indonesia. I attended the seminar a couple of weeks back so I managed to view the presentation at that time and I raised the same question myself hehe. But it doesn't really matter if you buy 24K or 22K. At the end of the day, the idea if to start keeping gold to protect your wealth.

I'll try to get more details on this if I can. This is good for our own knowledge as well.

This post has been edited by dinodrumz: Jun 14 2011, 07:47 AM

Thx for both your responses (goldchan too). Sorry for the assumption made earlier. Obviously dinar & dirham will not be the only currency used in the world when the time comes but it would logically make sense that it will be one of the widely used ones because of the high Muslim population globally. Could be 20-30 yrs down the line or even more. Only God knows how that's goin to turn out. But dont see it happening anytime soon as we're broken down into different countries and regions. If ruling was brought back to the time of the Caliph, one ruler despite of regions and country than it's another story... We should not go into that hehe.

I guess we all agree that the thing right now is protect your wealth. Convert your cash into gold. That's the main message. Up to the individual if he/she wants it in gold bars, jewelries, dinars, bullion etc. That one is personal choice. Some ppl like gold bars coz it looks good and feels heavy. Some ppl buy dinar coz its the cheapest entry level because they cant afford gold bars or kijang emas or hard to obtain stock, some ppl buy jewelries coz they love to accessorize.

Whatever it is, personal choice. I agree Dinar is slightly more expensive than other options available. Personally I prefer gold bars but I do buy Dinars with the remaining balance coz Gold is still gold. Like Goldchan mentioned, so many ppl minting these days, stick to which ones we're comfy with.

Gold price dropping this week la. best right? How low you all think will go ah? My hands itchy already la.. Think possible to go under US1500 per ounce?

To counter that question, is it wise to continue keeping paper currency as your investment? As Tun Mahathir mentioned in his blog the paper used is the same as the ones we use in the toilet.

My advice is protect your wealth by converting your cash to gold. paper currency value goes down with time, but Gold is the opposite.

Hope that helps.

Good luck

Yeah.. Jewellery shop costs more. dunno la... got workmanship cost etc sometimes.. Anyone know where to order cheap 1kg Silver bar ah? Pamp Suisse if got la. I know Public gold sells 1kg but any other place?

Yeah.. I noticed the rebound as well. I'll see how it goes tomorrow morning. Dont wanna miss the boat..

Agreed.. One more thing.. by diversifing both in gold and silver, you can not go wrong. Again, if gold or silver goes up that's a plus/bonus. But the main thing is protect your wealth by backing them up with gold.

Yup.. Gold is dropping now. It's expected to have one more bottom before the train leaves for 2011.

Keep your eyes peeled out for a lower price in the next few days/weeks before July is over yeah.

Yeah.. very good time to kumpul stok now. Next week hopefully lower. This is the last bottom expected for this yr. After this the train leaves the station usually starting in August.. Lucky gaji come out already.. haha

Time to kumpul stock now.. hehe