Aaron

I'm afraid the Maples are only 99.99% and cannot go any further.

However, there is one company that boldly claims the 5 x 9 purity and that would be Royal Silver.

Note also that this company is based in a Communist country, so there are uncertainties about their operations.

Rgds

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Added on April 11, 2011, 10:50 amLooks like our money has been debased BIG TIME!

That doesn't look good for an election...

Rgds

This post has been edited by pubmut: Apr 11 2011, 10:50 AM

Aaron

I stand corrected and apologise. I haven't looked into the special releases from the RCM.

Meanwhile, there's more fun at the MB2u website for gold for this morning, as well as BNM.

I called MBB2u yesterday (11 Apr) and mentioned about the price. The call centre said they will pass it on to the respective dept.

This morning seems to not have changed. I checked BNM website and it appears that yesterday's prices were the Buy price of the 1oz and Sell price of the 0.5oz.

Today BNM's prices were the same as MBB2u. BNM call centre tells me that they pick the prices from MBB - now I wonder - who is the blind one?

BNM Kijang Emas Price

With the lack of QC, this could actually put the country into a tailspin once the media finds out because it only means that our gold is suddenly debased in favour of currency. Now that would be a hoot! heheh.

I think I might just do that! muahaha.....

Because of the recent topics about precious metals mentioned in the media, people are now beginning to pay attention to it and wanting to get in to make a fast buck without knowing the underlying fundamentals for purchasing them.

A lot of the newbies will get burnt. I say let them get burned because they won't even spend time studying the causes and effects and the impending event horizon.

Hi Prophetjul

I think that we've helped out quite a lot within these sub-topics and that for one who has just come in, should at least do a search, read the threads and do some web search for more information instead of just asking.

I reckon you did your own due diligence since you first got started, so did I.

I'd like to see a thread being content rich, not questions that an ongoing thread has addressed.



This post has been edited by pubmut: Apr 25 2011, 09:29 PM

Hey Prophetjul

Good points there.

The only way to make 5-figure income in a few months is to put a 7-figure deposit in the instrument, assuming a single digit return rate.

The probable reason why Genneva is doing well here is likely due to the fact that there are more sheep/lemmings/ignoramuses.

Prophetjul

You Da Man!

I think the Genneva (or consultants) may be hiring lawyers to sue you soon for "libel."

The amount? All the gold you have on you!

PatEagle

May I state that not everyone in this country is aware of this forum or this thread for that matter.

Even if there was a police report made against you, your family, your friends, colleagues or company, the information would have not been made public until it has been investigated thoroughly, and the police does not have to let you know they are investigating until there is a clear case for prosecution.

The only time anyone finds out about anything is when it reaches the media or when the police make an arrest.

As well, those who have been cheated may not necessarily want to disclose the fact that they have been cheated. If each person who was cheated, raped, burgled, murdered, beaten, libelled and whatnot reported their case, the police would have their hands too full to look after the rest of the public.

Prophetjul has made clear that due diligence is the main criteria, and I would concur with him. If we would only listen to you without due diligence, then wouldn't it be remiss to not cross check the information from other sources? Does it require a police case to be considered illegal?

There are a lot of direct sales companies in this country operating at many levels. You would have to at least be licensed by or be a member of a govt or well known body (like BNM or Direct Sales Association of Malaysia) to at least claim some credence to the legitimacy of your preferred business.

An entity such as Genneva would be perceived by me as a deposit taking entity, but I do believe Genneva does not have a financial institution license. Maybe a goldsmiths license?

The rise of such entities of late outside of the goldsmiths arena can be alarming, simply because there are a lot of fly-by-night operators out there.

One doesn't have to cheat people outright, just give a good first impression before the con begins. That is why the term "con-man" or confidence tricksters exist. Bernie Madoff is one classic case.

If we're all sheeple, you'd be having a field day.

Say, isn't there supposed to be a warning within these discussion threads about posting MLM, get-rich-quick, referral and pyramid schemes to be strictly prohibited??

I see some serious promotion going on here!!! Moderators - where are you?

Prophetjul

I think mod was referring to some specific posts that often pointed to their own blogs about precious metals. Links to other sources other than your own promotional blogs are fine I would guess.

Were you referring to Madoff? Ponzi is just so passe.


Caerulln Re: Paper gold better than physical gold

If you have faith that banks do not change the rules as they see fit (and sanctioned by the Central Bank) and that they operate like you expect, it is like saying that there is no corruption in the world.

I wish you the very best with your paper gold.

This post has been edited by pubmut: May 8 2011, 12:07 AM

I have "weighed" (in ounces, ) the risk and physical is good. It's not just the banks and can go bad, govts too (re Zimbabwe).

Storage is no problem.

Preparation from getting robbed - check. Actually, we are already being robbed as we speak, by the banksters, and that is tougher to prevent.

Echoasian

What matters most now is not cry over what could have been, but I can pretty much guarantee you that if you're looking for quick gains then you deserve to be crying - that's because of the greed factor that everyone is buying precious metals for.

Like I've said in a previous post - one needs to understand the fundamentals of precious metals. They are not stocks/shares nor are they commodities like oil palm, rubber, corn etc.

A good place to start is a Mike Maloney's Why Gold and Silver DVD video, now on Youtube in full.

Francesco

Have you read this thread in its entirety?

Have you also read "How to invest in silver" thread in its entirety?

What are your observations about these two threads?


Inflation hedge, wealth preservation, risk diversification - all these are just another word for greed.

"The one(s) who owns the gold, owns the world"

"Greed is good" and so is self-preservation.

I'm into it (self-preservation and greed). Aren't you?

Why would you be interested in this thread if not for some measure of greed by the word "Gold" or to a lesser extent, "Silver"?

Francesco

You're compartmentalising and justifying your world view. It would help to study the human psyche.

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Added on May 25, 2011, 9:40 amMun Keong

There are many speculations about the future price of gold/silver. As a start, subscribe to Mike Maloney's channel on Youtube to get an idea and get his book on the topic to see the charts. Search for other websites on the topic of gold and silver.

On the calamity hedge - the most basic level would be stocking on food, but you need to be careful about doing so simply because there are laws on hoarding in this country.

Do what you see fit to prepare yourself with whatever you've got on hand. There is no hard and fast rule about the proportions of your funds to allocate. Only time will tell how well you've prepared yourself.



This post has been edited by pubmut: May 25 2011, 09:51 AM

Mun Keong

The anti-hoarding laws are not well publicised although they are directed primarily at retail and wholesale businesses. However, this does not mean that they do not apply to the man on the street. I recall reading about this last year.

Do you recall during the rumours of price hikes in cooking oil, the hypermarkets restricted the purchase of cooking oil to 2? That is considered anti-hoarding, though not fully enforced. Ditto for sugar, flour and all essential food items.

Malaysia has some so-called anti-profiteering "laws", but that's only a smokescreen. The law of the land is the law of survival at every level.

Good for you that you're well stocked. We should compare notes on what needs to be stocked.

Be cool Francesco

Being indignant is not noble.

The holy books have answers, but those answers we interpret ourselves, based on our conditioning from infancy and then some (a discussion we can have till the cows come home). This world we live is not always black and white.

If there were definitive answers, the Sunni's wouldn't be fighting the Shiite's, since they are reading from the same book. It is the interpretation of the book that wars are fought.

I don't "spin human mindsets by introducing new theory" - that's your conclusion. The comments are my observations from my years of studying human psyche. So, in this case, you consider yourself right and myself wrong, though I consider myself neutral as these are just my observations, and hence my interpretation (not conclusion).

I am taught to find out the answers myself, to prove that what the good books say are true. Blind faith is also a trigger to wars.

Our "lowest extent" as you put it, is what drives us, as much as a guy get a rise out of looking at beautiful (and voluptuous) lady - would that be noble thinking? If you are a guy and have not those thoughts when the situation presents itself, you're not among the living.

I wonder what product am I selling Do you mean a product of my mind?

If you live by your needs, you would be earning and paying with God's money, not fiat money.

So is the govt noble, or just being bad by recognising fiat money?

Please come down from the horse.

Hurly

There are a lot of camps on this so like prophetjul says, DYODD.

If you want a shortcut for sagely advise, well, sorry. All I can tell you is that there is a cycle to all things - it's a universal law.

Your due diligence on this would be more advantageous to you and your family.

Regards

Boys and Girls

For those interested in ETFs as an option to physicals, you might want to take a look at Eric Sprott's Trust Funds (US and Canada traded).

Sprott Physical Gold Trust
Sprott Physical Silver Trust

Read the details at the respective sites and check out the price per share listed there.

It is preferable if you can invest via the Toronto Stock Exchange (TSX) just in case the NYSE can't hold its end when the meltdown starts.

The challenge is that there aren't any local agents here that deal with the TSX, not to mention charges with forex and broker fees.

Regards

My 2 oz worth:

The phases of the market requires more than one factor to consider. One can speculate/pontificate at which point it is but if one is not at least doing his/her research into various factors influencing the price of metals, he/she is merely a gambler trying to time the market.

Here's a thought for all who think they are savvy:

We know that we are facing a rather inflationary period at the present moment. Food prices, fuel prices, goods prices going up.

So, how is inflation computed and expressed as?

We know (or at least I believe) that the inflation numbers are highly manipulated by the powers that be.

So, if gold has no intrinsic value other than a hedge for inflation, then what is the value of gold at the very least?

Has somebody connected the dots yet?

Lastly, for those who believe in the safety of bank safe deposit boxes, here's an article you should be aware of..

British Govt steals people's bank deposits

Got a headache yet?

Take 2 ozs of gold/silver and call me in the morning...heheh