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 Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings

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lustman
post Aug 31 2011, 08:31 AM

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QUOTE(gold hunter @ Aug 30 2011, 11:38 PM)
guys.... I have 5 grams Pamp want to sell. My location is on KL, only dealing by COD

Please inbox me if u interested/

thanks.
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khun_khun is desperately looking 5g Pamp, if he sees this, he'll be delighted.

joey85
post Aug 31 2011, 01:03 PM

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QUOTE(hongchai888 @ Aug 30 2011, 09:21 PM)
Chk back on Friday lah, now up until 2000 also no use. Unless u trade online with PBB
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If I'm not mistaken, even pbb online couldn't trade too as it is according to bank operation time.. Was try to do before bank opening time ie 9.15am, I key to buy on 9am also cannot trade..
TSaeronic
post Aug 31 2011, 03:51 PM

karma is a funny thing
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QUOTE(joey85 @ Aug 31 2011, 01:03 PM)
If I'm not mistaken, even pbb online couldn't trade too as it is according to bank operation time.. Was try to do before bank opening time ie 9.15am, I key to buy on 9am also cannot trade..
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can someone confirm this?
yacanni
post Aug 31 2011, 04:03 PM

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QUOTE(aeronic @ Aug 31 2011, 03:51 PM)
can someone confirm this?
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only business day can trade on9 , from 9.30am till 4.45pm.

Public holiday cant trade.
monsta2011
post Aug 31 2011, 05:53 PM

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People are just overpanicking. The price needs to drop. rolleyes.gif
eXTaTine
post Aug 31 2011, 08:02 PM

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Any drop will be limited, as there is no real good news in the economy that can possibly bring a long term correction
hongchai888
post Aug 31 2011, 10:21 PM

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QUOTE(eXTaTine @ Aug 31 2011, 08:02 PM)
Any drop will be limited, as there is no real good news in the economy that can possibly bring a long term correction
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Drop below 1820 now, how come?


Added on August 31, 2011, 10:22 pm
QUOTE(eXTaTine @ Aug 31 2011, 08:02 PM)
Any drop will be limited, as there is no real good news in the economy that can possibly bring a long term correction
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Drop below 1820 now, how come?

This post has been edited by hongchai888: Aug 31 2011, 10:22 PM
gold hunter
post Aug 31 2011, 10:46 PM

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QUOTE(lustman @ Aug 31 2011, 08:31 AM)
khun_khun is desperately looking 5g Pamp, if he sees this, he'll be delighted.
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i have been PM him but his expected price lower than market price.

any other offer?
Jutawan
post Sep 1 2011, 01:06 AM

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QUOTE(TruthHurts @ Aug 27 2011, 03:46 AM)
Gold drop was just too short, cant buy it in time. Bernanke speech influence a lot since he knows whats going on. Hopefully can see the next drop. I tend to sell high and muster up again when low.

At the moment, need to wait for more infos.
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Got the opportunity to buy at drop price last week for Maybank GSA at RM171.00/gram... this week already up at RM177.00/gram. Waiting for another drop to keep both of my child 'duit raya'...

or..

i will consider to buy UOB physical Gold.
json93
post Sep 1 2011, 01:20 AM

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gold price is still going up..... very hard to decide when to buy...
khun_khun
post Sep 1 2011, 03:26 AM

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Im just want ask some question:
why local gold price is higher than imported gold like PAMP, or other brands?
lustman
post Sep 1 2011, 07:13 AM

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QUOTE(khun_khun @ Sep 1 2011, 03:26 AM)
Im just want ask some question:
why local gold price is higher than imported gold like PAMP, or other brands?
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bcos the follow the price by FGJAM which is a standard for all gold shops and they are always very high. this meant for most jewellery products. don't forget they will also charge you "upah".

bullion gold bars/coins price usually follows the world's spot price plus premiums which is lower.

i've noticed some jewelleries do sell cheaper than the FGJAM price.



prophetjul
post Sep 1 2011, 10:21 AM

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Never buy bullions from jewellery shops......only stoopid people do that.
They charge like 25% premiums over spot...............silly
quackpack
post Sep 1 2011, 10:50 AM

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Just read the newspaper where a Singapore gold investment company which “promise" monthly returns has ran away. Didn't see the company's name being mention in the Chinese newspaper though
DM3
post Sep 1 2011, 11:19 AM

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banks still close today right?
cybermaster98
post Sep 1 2011, 12:05 PM

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Read article on gold dated 31 Aug

http://silver-and-gold-prices.goldprice.org/


PiggyAikz
post Sep 1 2011, 12:53 PM

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Anyone know where i can buy and sell physical American Gold Eagle Coins in Malaysia?

http://en.wikipedia.org/wiki/American_Gold_Eagle
SUSbuysell
post Sep 1 2011, 01:08 PM

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QUOTE(DM3 @ Sep 1 2011, 11:19 AM)
banks still close today right?
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Today is still public holiday replacing Merdeka day.
eXTaTine
post Sep 1 2011, 02:02 PM

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QUOTE(hongchai888 @ Aug 31 2011, 10:21 PM)
Drop below 1820 now, how come?

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Haiyo...small drop like that, nothing unusual la.

On another note, I have a sneaking suspicion that Gold will retest the 1779 level before making another jump.

khun_khun
post Sep 1 2011, 03:06 PM

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QUOTE(lustman @ Sep 1 2011, 08:13 AM)
bcos the follow the price by FGJAM which is a standard for all gold shops and they are always very high. this meant for most jewellery products. don't forget they will also charge you "upah".

bullion gold bars/coins price usually follows the world's spot price plus premiums which is lower.

i've noticed some jewelleries do sell cheaper than the FGJAM price.
*
ok.... but i have compare few times like some local gold bar selling higher than imported brand.

if we talk about quality and premium, i think imported brand is supposed to be higher than local brand. am i right?
some more, most of imported brand are highly demand and well-know in global bullion market and also they are licensed Internationally.

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