Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 Aug 22 2011, 04:39 PM
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#1
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Junior Member
356 posts Joined: Jun 2006  
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QUOTE(jian5481 @ Aug 22 2011, 05:13 PM) As mentioned before, Maybank and CIMB are using percentage to calculate the spread. So it's obvious that the gap between selling and buying will be higher as the price increases. It's the same as goldsmiths. They use 6-8% spread for bullion, 20-25% for jewelries. Is it? I was actually planning to go open an account with CIMB cause the spread for Maybank is much higher and there arent any UOB branch in my town.   |
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Aug 25 2011, 08:21 AM
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#2
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Junior Member
356 posts Joined: Jun 2006
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Hmmm... I guess this would be a good time to buy. I was wondering, how much did the value of gold appreciate last year compare to the year before? Is it more than 10%?
This post has been edited by eehtsitna: Aug 25 2011, 08:22 AM |
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Aug 25 2011, 09:56 PM
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#3
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Junior Member
356 posts Joined: Jun 2006
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Huh? It is already below 1700 lah. I bought some gold from UOB this evening and the rate was 1685.
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Aug 25 2011, 10:21 PM
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#4
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Junior Member
356 posts Joined: Jun 2006
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QUOTE(cybermaster98 @ Aug 25 2011, 10:58 PM) Banks pricing is always including margins ,etc. Gold hasnt dropped below 1,700 yet. Its now at US$1,729 If the value didnt go any lower than 1700, then UOB must have sold me the gold at a loss.  Added on August 25, 2011, 10:24 pm QUOTE(nick.woocs @ Aug 25 2011, 11:15 PM) 1685 is in rm.. We are talking bout usd here bro Ah my bad my bad!  This post has been edited by eehtsitna: Aug 25 2011, 10:24 PM |
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