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

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xcarfieldx
post Apr 11 2011, 09:50 AM

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I'm newcomer here. Wish to know that, if I buy the physical gold, is that mean I can take the gold bar and sell it at other places? And if I buy public gold, I can only sell in at the current bank that I bought from?

Secondly, I want to ask is this a good timing to buy gold? From the publicgold website, it seem that the price of gold and silver is increasing. I wonder are they hitting the peak already? Or should I wait them fall?
xcarfieldx
post Apr 15 2011, 06:54 PM

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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.
xcarfieldx
post Apr 15 2011, 08:46 PM

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I don't quite understand. How can Mr. U sell the cow to Mr. We when the transaction between Mr. U and Mr. I not finalized yet?

So, paper gold doesn't follow physical gold price?? Paper gold only can buy and sell in the same company right? Whereas physical gold can sell to other buyers.. Is it?

What is gold passbook?? Is a name for paper gold?
xcarfieldx
post Apr 15 2011, 08:59 PM

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Ic. Thanks for the info. Why most people is recommending to use public gold? What criteria shall we look into so that we can decide which company to choose?

Seems like physical gold is better than paper gold. But buying physical gold, we need to know the finess of the gold due to the price is different for different quality, am I right about this?

I still dong understand about the cow story.
xcarfieldx
post Apr 15 2011, 09:36 PM

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QUOTE(ahmadtarmizi88 @ Apr 15 2011, 09:05 PM)
i recommend to u, start with public gold, even their price is a bit high,
* guarantee buyback policy than make public gold company strong.

later after u understand at all about gold, u can buy cheaper gold
such as pamp suisse, perth mint.
*
Ic.. Pamp Suisse , Perth mint is? Company or gold's name? Hehe..Public gold guarantee buy back, other bank doesn't has this policy?
To start use public gold, can roughly explain the procedure? Public gold sell physical or paper or both?


QUOTE(FrancescoTop8 @ Apr 15 2011, 09:21 PM)
allrite,allrite student  biggrin.gif
Let me clarify about the COW story.
MR.I have a cow, and he want to sell his cow to MR.U, and MR. U agreed to buy .
BUT, they don`t finalised the deal yet.
However, MR.U want to make a quick profit and he sold the cow to MR.We, eventhough MR.I & MR.U dont finalised the deal yet.

It means the cow is still with MR.I because he doesnt finalised the selling yet. U cant argue with MR.I because he want to sell but doesnt sell his cow yet.
So, this all transactions between them(MR.I, MR.U and MR. We) is all out of thin air or in easy word ; ASSUMPTION.

Off course, if u study towards bank`s perspective, it is more complicated but the fundamental of paper gold is similar to COW story.
One word for paper gold : ASSUMPTION
*
Ic. Means paper gold is only an assumption and we did not really get the cow. Hehe..


Thanks for explaining patiently. Lucky to have people explain for me here cause I don't know who to consult with in real life.
xcarfieldx
post Apr 15 2011, 10:07 PM

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Har?? Can turn paper into physical??
Why would u think public gold is tricky n risky?

Added on April 15, 2011, 10:08 pmWhat should I aware of when I want to invest in gold??

This post has been edited by xcarfieldx: Apr 15 2011, 10:08 PM
xcarfieldx
post Apr 15 2011, 11:05 PM

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What premium?

What's the terms n condition? For example?

Added on April 15, 2011, 11:06 pmAnd what should I know before investing in gold? Can enlighten me abit?

Added on April 15, 2011, 11:19 pmAnd gold passbook is?

This post has been edited by xcarfieldx: Apr 15 2011, 11:19 PM
xcarfieldx
post Apr 16 2011, 06:55 PM

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Added on April 16, 2011, 3:11 pm

Go for physical. With price going up like mad these few months, it ;s signal the lack of physical gold.
*

[/quote]

I thought the paper gold price is the same as physical gold? Or u mean I can get more potential buyer if I have physical gold in hand?

I think I want to start open an account in a bank, what things should I find out before I choose which bank? So far I understand that I need to know the buy back policy, the spread. Any others? What hidden charged they will usually charge us? And any other tricks?
xcarfieldx
post Apr 16 2011, 08:56 PM

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Ic. Thanks. What about the questions regarding open account in bank at my previous post? What should I pay attention on?
xcarfieldx
post Apr 27 2011, 07:29 PM

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Any website provide the price of gold from all the bank in Malaysia?
xcarfieldx
post May 25 2011, 04:07 PM

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http://www.cimbbank.com.my/gda/

cimb having promotion for their gold deposit account.. hehe.. i still havent get an account yet cause still havent decide to open which account..

very confuse.. I thought i want to go for paper gold, but it seems like most of the people here support physical gold.

and if i want to buy physical gold, i need to know where can i buy and sell for certain type of gold. so complicated.. >.<
xcarfieldx
post May 26 2011, 09:17 AM

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QUOTE(nightzstar @ May 26 2011, 08:57 AM)
y physical gold is better than gold paper? just because of the low spread? That all? correct me if i am wrong?
*
why physical gold is better? hmm.. from some of the previous post, they did explain about it. I think the main advantage is you can bring it out and sell it? and if use paper gold, you only can sell it back to the company/bank
xcarfieldx
post May 26 2011, 01:49 PM

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QUOTE
-if USD tank then RM will appreciate in value

-Gold can be revalue in price i.e US in the 30's if i remember correctly

-if gold price went parabolic then majority of gold holder will want to sell, when supply more than demand, Buyers will increase the spreads
sorry, I not very familiar with these.
Can you explain what does this means "-if USD tank then RM will appreciate in value"? what tank do you mean?
Gold can revalue in price? like how? is it like now is rm150, and they revalue to higher? In what condition they will revalue??
Gold price went parabolic means? Go up and down?
xcarfieldx
post May 26 2011, 02:03 PM

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It seems like a lot of Malaysian start investing in gold. I wonder, in future, will the supply more than demand..

Added on May 26, 2011, 2:04 pm
QUOTE(jphlau @ May 26 2011, 02:02 PM)
i think he means if USD go down, RM will be higher.

And I think the rise of the gold price in USD also because of the decreasing value of the USD.
*
Why the rise of gold price will decrease USD value? What's the relation between USD and Gold?

This post has been edited by xcarfieldx: May 26 2011, 02:06 PM
xcarfieldx
post May 26 2011, 05:34 PM

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oic. means, if USD raise, then the gold value will be increase too.

Since everyone is buying gold and storing it without use it,so we can say that there's a probability that supply will more than demand in future right?
xcarfieldx
post May 26 2011, 10:29 PM

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why you all pawn the gold?
xcarfieldx
post May 27 2011, 02:51 PM

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QUOTE(jphlau @ May 27 2011, 08:15 AM)
Ya, thats y i say that gold has been increasing a lot this year because USD goes down....
*
ic. just want to confirm again see whether I get it right.

When USD goes down, Gold value will be cheaper to other currency such as Malaysia(because Gold is valued in USD currency). Since it is cheaper, alot people buy it.

When demand is increase, the price of gold increase.

Am I right?

xcarfieldx
post May 28 2011, 11:25 AM

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QUOTE(ikram.adi @ May 27 2011, 07:57 PM)
When USD goes down slightly (devalued intentionally)
RM goes go up
Gold goes up vs USD
Gold goes up vs Ringgit (because Gold is valued in USD currency)
but the percentage of increase of Gold vs RM < percentage of increase of Gold vs USD
because of the currency exchange

(I maybe wrong)
*
Could you explain in sentence.. I'm sorry I can't understand the connection yet
xcarfieldx
post May 29 2011, 05:00 PM

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QUOTE(benedict1213 @ May 28 2011, 12:18 PM)
hi xcarfieldx,

ikram.adi means:

GOLD is an Insurance against Inflation Aka. asset safe-haven.
GOLD quoted on USD.   
USD vs a basket of currencies. EURO, POUND, AUSSIE,  MALAYSIA RIGGIT and so on..
Let start into market analysis...

Normal market characteristic, if USD depreciated, mean USD face value drop!
means:-
GOLD price appreciated!
a basket of currencies appreciated,
same as Malaysia RINGGIT appreciated too!
so let compare between GOLD and RINGGIT

GOLD up, RIGGIT up. 
basically, there will be a consolidate for malaysian Gold investor, why?
Don't forget that we (malaysian) use RINGGIT buy GOLD. Gold appreciated,  our RINGGIT appreciated too!

calculation:
investment portfolio.
1gram of Gold : USD50
USD/MYR : 3.00
Our Capital (cost per gram of gold) : USD50* 3.00 = RM150

scenario 1
USD drop = MYR appreciate.
USD/MYR: 2.90

If we buy 1 gram of Gold = USD 50 x RM 2.90 = RM145!  (RM5 depreciation if we buy Gold in USD50)
scenario 2
USD drop = Gold appreciate, MYR appreciate.
1gram of Gold : USD52
USD/MYR : 2.90

If we buy 1 gram of Gold = USD 52 x RM 2.90 = RM150.8!  (could you see there are no much different if Gold and Ringgit appreciated?)

Hope this help.
*
Thanks Benedict. For scenario1 we can say that when usd depreciate, the gold price depreciate too (since we buy it with rm145 instead of rm150)

And for scenario2 we said when usd depreciate, gold appreciate, the gold value is appreciate ?

Agh... Hope I'm right this time.. Feel myself so stupid
xcarfieldx
post May 31 2011, 12:35 PM

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Thanks again benedict.
for this one "normal market reaction, if USD depreciated, Gold will up. Because Gold quoted in USD" I can't get the common sense here. If USD depreciate, why Gold will up instead of down? Since Gold is quoted in USD, Gold should have directly proportional to USD if Gold value is constant right?
what I mean is, let say in old days, USD is RM3.70 and gold value is USD100 per gram. Now USD depreciate to RM3.00 and the gold value still remain as USD100 per gram. If compare to old days, we can buy more Gold now as we only pay RM300 while the old times we pay RM370. Isn't it the price of gold depreciate ?
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