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

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twhong_91
post May 3 2011, 12:35 PM

01.01.2012
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Gold price is dropping now as well as silver. Is it a good time to buy gold now?
twhong_91
post May 3 2011, 02:07 PM

01.01.2012
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QUOTE(junhaussen @ May 3 2011, 01:37 PM)
But today the price at PB, MBB and CIMB still moving up abit.. how come??
*
Check the latest gold price.
http://www.goldprice.org/spot-gold.html
twhong_91
post May 3 2011, 03:59 PM

01.01.2012
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Senior Member
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From: Bolehland



QUOTE(chris@cstorie @ May 3 2011, 03:39 PM)
any maybank agent here? i want to register a maybank gold account.
*
Gold price is falling bro, perhaps this is a golden opportunity for new investors!
http://www.goldprice.org/spot-gold.html

I'm also interested to open a gold investment account. brows.gif

Let's hope that the price will continue to dropppppppp~

This post has been edited by twhong_91: May 3 2011, 04:04 PM
twhong_91
post May 5 2011, 10:53 AM

01.01.2012
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From: Bolehland



http://1-million-dollar-blog.com/compariso...avings-account/

QUOTE
Price Spread per gram*


guys, what does "Price Spread per gram" mean?

I know it is the buying price and selling price but why the SPREAD is different among banks? Price spread per gram RM5.50, RM5.20, RM2.00???? I am confused.


twhong_91
post May 5 2011, 11:13 AM

01.01.2012
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From: Bolehland



QUOTE(caerulln @ May 5 2011, 10:57 AM)
It is up to the banks to determine how high they want to sell their gold.
So up to us to choose wisely smile.gif
*
so what you mean is I should choose the highest spread?
















twhong_91
post May 5 2011, 11:38 AM

01.01.2012
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Senior Member
1,637 posts

Joined: Mar 2010
From: Bolehland



QUOTE(caerulln @ May 5 2011, 11:16 AM)
Usually people choose the lowest spread.
Higher spread means u lose more money compared to spot price = banks taking more commision smile.gif
*
LOL! UOB offers the lowest SPREAD compared to other banks, hmmm..... UOB is the key. brows.gif
twhong_91
post May 5 2011, 11:40 AM

01.01.2012
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Senior Member
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From: Bolehland



QUOTE(`arthas @ May 5 2011, 11:39 AM)
Hi guys i am a newbie on gold..

today i just applied an account from maybank.. it call gold saving passbook.. I just curious.. other than today rate from maybank.. do they provide their previous records ? Just want to see it for reference.
*
Check this out! http://www.goldprice.org/spot-gold.html
twhong_91
post May 5 2011, 10:17 PM

01.01.2012
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Senior Member
1,637 posts

Joined: Mar 2010
From: Bolehland



Hey guys, CIMB, Maybank and Public Bank, which bank has the lowest spread? Don't tell me UOB bank, they don't have any branch at here currently.
twhong_91
post May 6 2011, 03:59 PM

01.01.2012
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Senior Member
1,637 posts

Joined: Mar 2010
From: Bolehland



QUOTE(Jutawan @ May 6 2011, 03:16 PM)
If buy gold/silver from UOB, could sell to them back later? Does it involve higher spread?
*
Yes, you can sell it back but UOB only offers gold investment account to investors. It offers the lowest SPREAD compared to other banks.

Guys, please help me! UOB doesn't have any branch in my town currently. Maybank, CIMB and PB, which is the best bank that offers the lowest SPREAD?

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