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

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kucingfight
post Mar 1 2011, 04:57 PM

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QUOTE(aeronic @ Mar 1 2011, 12:23 PM)
i would recommend public bank and maybank gold savings passbook
the price for public bank is slightly higher, but the spread (buying vs selling) is the same
so it is roughly the same
you can refer to this post below from v1:
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If u check the spread value

PBank and maybank is around RM5.50

Where as, UOB is only Rm2. No brainer, and i went for this
kucingfight
post Mar 2 2011, 11:07 AM

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QUOTE(nik2 @ Mar 2 2011, 10:47 AM)
Perak state launch new dinar and dirham coins.

Good for investment? What you all thinks?
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U can, but it makes not much of a difference buying a Gold savings acc, tru UOB. unless if it's silver, but then again, Kelantan dirham is selling like 1X more than the current silver price doh.gif
kucingfight
post Mar 5 2011, 12:05 PM

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QUOTE(egyprince @ Mar 5 2011, 03:44 AM)
Hi there...just like to know what is the SPREAD that u all mention above??
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As i replied before

'If u check the spread value
PBank and maybank is around RM5.50
Where as, UOB is only Rm2. No brainer, and i went for this'
kucingfight
post Mar 7 2011, 10:21 PM

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bought couple of silver bars today. Poor man's gold. potential is there to rise
kucingfight
post Mar 10 2011, 12:02 PM

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QUOTE(kokanchai @ Mar 10 2011, 11:50 AM)
hi all,

i am plan to invest buying gold,

can someone recommand me which bank are good to invest?

and how is the process work out?

nod.gif  nod.gif
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U can refer below , only certain banks have gold savings acc
Normal procedure, open a savings/current account, and just invest tru there

All of them almost the same, juz check on the SPREAD value (ie buying/selling price) . UOB has the lowest spread , rm2 vs other banks @ rm5.50 etc. So..yeah go for UOB

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kucingfight
post Mar 10 2011, 03:12 PM

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QUOTE(alhs76 @ Mar 10 2011, 01:31 PM)
actually this used to be the reverse ... fiat currency or paper currency (which is based on trust) used to be pledged against gold. The biggest fear today is the United States defaulting on their debt responsibilities .. which will bring the whole system crashing ... which also explains why there is a upsurge in gold prices. no one can say when this day may come, and there are many arguments for and against this fiat currency collapse ... but one thing's for sure ... central banks are hoarding gold --- their gold reserves is actually increasing not to mentioned the already short supply out there consumed by everyday consumers like us ... biggrin.gif ... so GO GOLD!
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yeah, I'm more bullish on Gold's cousin, the SILVER...amount available above ground is lesser than gold.
kucingfight
post Apr 7 2011, 02:44 PM

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QUOTE(ahmadtarmizi88 @ Apr 7 2011, 01:47 PM)
my profit for silver is 35% within 3 month, i start buy silver at rm3.7k perkilo, now 1kg silver = rm5.1k
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huh 5.1k? reselling back should be lower. range of 3.6-3.8k (depending on spread)

This post has been edited by kucingfight: Apr 7 2011, 02:44 PM
kucingfight
post Apr 15 2011, 07:43 PM

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QUOTE(xcarfieldx @ Apr 15 2011, 06:54 PM)
Finally finish reading 9 pages.
May I know, how to check the spread of UOB from the picture attached in page 8? Spread is actually means the difference between buying and selling price?

I wish to invest in these. But I not sure which to go for, go for physical or paper? Gold or silver? Can anyone advise? Which bank should I buy from since UOB spread has increase? Or public gold is the best? Hehe.. I hope I ask the right question.
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yeah, for gold saving passbook, UOB has the lowest spread.

For me, i prefer gold passbook. Given that, it is less likely our country will b a war thorn. Few important things to take note on gold passbook

a) it MUST follow the gold pricing trends ( i'm aware that some of US ones, they hav discretion not to follow the trend)
b) low spread
kucingfight
post Apr 16 2011, 05:59 PM

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QUOTE(ahmadtarmizi88 @ Apr 16 2011, 05:54 PM)
even all transaction is in paper money, we have to choose , leave all our paper money and lets it be, or take our paper money and turn it to gold/ silver.
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like i've mentioned earlier, in the end, the physical gold, still has to be converted to Fiat money when u sell it..so..it doesn't matter ; passbook or physical
kucingfight
post Apr 16 2011, 07:12 PM

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QUOTE(ahmadtarmizi88 @ Apr 16 2011, 06:10 PM)
watch this.

Gold For Everythings

this is from zimbabwe, all they need for transaction is gold, not paper money.

Don't think our country as peace as we seen, there are already war everywhere that we never been with our naked eyes.
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yeah , like i've said, given the 'low' risk of having a war outbreak (at least in this country), paper/gold does not make much diff. In the end it's up to the individuals.

What's with the risk, having ur physical gold being robbed / stolen.. yawn.gif
kucingfight
post Apr 16 2011, 08:22 PM

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QUOTE(ahmadtarmizi88 @ Apr 16 2011, 07:35 PM)
20gram of gold only as small as half of pendrive, you keep it.
and what happen if egypt issue happen in malaysia?
did you can withdraw ur paper gold?

physical gold still remain no1 for me.
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yes, again, i'm not against of holding physical gold. There' r pros and cons.
It's juz up to the individual's choice. For u, physical, for me gold savings.
kucingfight
post Apr 24 2011, 06:58 PM

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QUOTE(kmarc @ Apr 24 2011, 01:17 PM)
I'm thinking of investing some money in gold. More of paper account rather than physical gold.

Is UOB bank still offering the best deal? Any advice is appreciated. Thx!  smile.gif
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YES uob's spread is only rm2, vs PB/Maybank of at least rm5.50. so kinda no brainer
kucingfight
post Apr 26 2011, 12:02 AM

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QUOTE(ksc_3688 @ Apr 25 2011, 11:15 PM)
If I'm to buy gold bar, which is best to buy?
From public gold, nubex or 1stopgold?

How about buying from gold shops ?
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1stop gold= Pamps' official distro (MKS finance)

Google on it, u can't go wrong with Pamps than Public gold rolleyes.gif
kucingfight
post Apr 29 2011, 11:39 AM

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QUOTE(egyprince @ Apr 29 2011, 01:18 AM)
can we buy silver in malaysia ...like gold account??
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no..don have..hav2 go physical
kucingfight
post May 18 2011, 05:31 PM

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QUOTE(echoesian @ May 17 2011, 11:28 PM)
The more I read from you sifu, the more I'm heartache now  sad.gif should just bought 1 piece... now I do not have enough cash to buy Kijang Emas anymore...
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to add, not to pour cold water on u..but seriously, didn't u read up first before buying? investing blindly is the worst thing to do
kucingfight
post May 20 2011, 02:22 PM

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QUOTE(double7 @ May 20 2011, 12:15 PM)
Let say at the time you buy bank sell $150 buy $142.5 (5% spread), 3 years later the bank sell $180 and buy $171 (also 5%). So if you sell to bank then your profit is $171-$150 = $21. Correct me if I'm wrong.
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yes..ur correct
kucingfight
post Jul 4 2011, 10:27 AM

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QUOTE(wickedghost @ Jul 4 2011, 10:21 AM)
I have a friend that doing gold investment, minimum buying gold is 100g and you will enjoy 1.8% interest rate monthly...now the price is rm181 per g...is it worth going in?
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in the first place, gold investment itself DOES NOT yield any interest unlike FD. in most cases, the 'friend' will turn out otherwise aka con men

As always, buy from reputable dealers/banks, either keep it physical (pamp, etc) or gold savings (UOB, maybank etc) , and not any unknown tom D ick Harry companies

This post has been edited by kucingfight: Jul 4 2011, 10:29 AM
kucingfight
post Jul 4 2011, 04:21 PM

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QUOTE(smokymcpot @ Jul 4 2011, 04:01 PM)
Oh that's what I thought. I thought of buying 1 oz. of silver and 1 gram of gold every month cause I only got budget of rm 300++ a month. Any other idea that I can use the most of my money?
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Then IMO, it's not advisable to invest in precious metal. UT/FD would be a better choice
kucingfight
post Aug 1 2011, 12:23 AM

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QUOTE(Karlos @ Aug 1 2011, 12:06 AM)
From USD 1500 to USD 1600 is it gold value surge for buying?
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forseeing it dropping back to 15xx region once QE3 is announced
kucingfight
post Aug 11 2011, 01:57 PM

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QUOTE(jphlau @ Aug 11 2011, 01:42 PM)
go to jewellery shop and buys lots and wear them on your body
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lol..i enjoy ur high level of sarcasm

QUOTE(megabyte @ Aug 11 2011, 01:53 PM)
Guys I'm planning to open a gold investment account, from what I read, the best is UOB is it?
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yes, cut long story short..UOB has the smallest spread

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