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

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thunderaj
post Sep 26 2011, 03:25 PM

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kitco 1594 USD per ounce
keii-kun
post Sep 26 2011, 03:26 PM

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QUOTE(hongchai888 @ Sep 26 2011, 03:12 PM)
This UOB is like that, when price increased, very fast update on their website, when price dropped they normally just ignore unless very much different
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when u have paper gold with any bank, you know that you are at their mercy. when we had gold with them, wouldn't we be happy when their update as fast rising price?
now, good la they're slow cos give time ppl to go n sell.

anyway, those holding physical shudn't be worry. just keep em.
ycs
post Sep 26 2011, 03:29 PM

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for those holding gold, marc faber said on cnbc just now if gold at 1500 level cannot hold then the next support is at 1100-1200
lustman
post Sep 26 2011, 03:30 PM

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QUOTE(keii-kun @ Sep 26 2011, 03:26 PM)
when u have paper gold with any bank, you know that you are at their mercy. when we had gold with them, wouldn't we be happy when their update as fast rising price?
now, good la they're slow cos give time ppl to go n sell.

anyway, those holding physical shudn't be worry. just keep em.
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bro where do you observe the 999 & 916 prices besides FGJAM so that i know i'm buying at a reasonable price?

dannyme
post Sep 26 2011, 03:31 PM

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QUOTE(p4n6 @ Sep 26 2011, 03:16 PM)
They might SELL high but BUY low.
Bank is not stupid.
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??
Though it is not guaranteed, UOB's spread has always been rm2.
So i think ur comment only applies to maybank and publicbank.
thunderaj
post Sep 26 2011, 03:32 PM

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QUOTE(keii-kun @ Sep 26 2011, 03:26 PM)
when u have paper gold with any bank, you know that you are at their mercy. when we had gold with them, wouldn't we be happy when their update as fast rising price?
now, good la they're slow cos give time ppl to go n sell.

anyway, those holding physical shudn't be worry. just keep em.
*
That is disadvantage of buying paper gold

eehtsitna
post Sep 26 2011, 03:32 PM

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All hands on board and brace for impact! biggrin.gif

If we were to learn from 2008, the price of gold actually recovers after a year.

So the conclusion is, this is not the end of the world!

Ps: Dip is good since its a good time for me to get my ring! tongue.gif

This post has been edited by eehtsitna: Sep 26 2011, 03:33 PM
vincentwmh
post Sep 26 2011, 03:32 PM

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QUOTE(kevyeoh @ Sep 26 2011, 02:11 PM)
i see the graph going down non stop... my heart cannot take it....i sell first and absorb about RM400 losses.....

phew....
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+1..cut loses and buy back in at cheaper w/ more grams
SUSsoundsyst64
post Sep 26 2011, 03:35 PM

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Oh, sudah naik balik biggrin.gif
thunderaj
post Sep 26 2011, 03:35 PM

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QUOTE(eehtsitna @ Sep 26 2011, 03:32 PM)
All hands on board and brace for impact! biggrin.gif

If we were to learn from 2008, the price of gold actually recovers after a year.

So the conclusion is, this is not the end of the world!

Ps: Dip is good since its a good time for me to get my ring! tongue.gif
*
me too need to buy bracelet for my girlfriend

Alexdino
post Sep 26 2011, 03:35 PM

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it getting back into 158X in quick rise, it always rise back whenever market come to close
hongchai888
post Sep 26 2011, 03:37 PM

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A good sign if can recover back to 1600. See whats going on Europe market next
Alexdino
post Sep 26 2011, 03:39 PM

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QUOTE(hongchai888 @ Sep 26 2011, 03:37 PM)
A good sign if can recover back to 1600. See whats going on Europe market next
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Dont come back so fast.. i havent topup. sad.gif
MOBAJOBG
post Sep 26 2011, 03:39 PM

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I've an advice to share ...never catch a falling knive, just let it be. Pick it up only when "the eagle" has finally landed on solid ground.

This post has been edited by MOBAJOBG: Sep 26 2011, 03:40 PM
SUSbuysell
post Sep 26 2011, 03:40 PM

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QUOTE(kevyeoh @ Sep 26 2011, 02:50 PM)
within 50 mins...the buy price at Public bank goes from RM163 to RM158... fulamak...
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It's now RM161/1g sell, RM155/1g buy. Huhu it keep on dipping USD156x 5 min ago! 12xx very soon! Buy now if you not scare to die!
junhaussen
post Sep 26 2011, 03:42 PM

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just went to CIMB, wanted to buy, they still quote at 169.... doh.gif
forget it....
vincentwmh
post Sep 26 2011, 03:45 PM

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QUOTE(vincentwmh @ Sep 26 2011, 10:03 AM)
to those who IGNORE this when posted on 20 Sep...its still not too late to sell down, cut lost and buy back at a lower rate.. my side of tipoff received is gold will touch new low within 2 weeks..

just to share
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reminder.. its no joke.. NOW where is "EXtra"?? ape rubbish, nonsense??


Added on September 26, 2011, 3:58 pm
QUOTE(Alexdino @ Sep 26 2011, 03:35 PM)
it getting back into 158X in quick rise, it always rise back whenever market come to close
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correct, this has been the style past 2 weeks..we will more drama 6-12 hrs from now..

This post has been edited by vincentwmh: Sep 26 2011, 03:58 PM
thunderaj
post Sep 26 2011, 03:59 PM

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QUOTE(vincentwmh @ Sep 26 2011, 03:45 PM)
reminder.. its no joke.. NOW where is "EXtra"?? ape rubbish, nonsense??


Added on September 26, 2011, 3:58 pm

correct, this has been the style past 2 weeks..we will more drama 6-12 hrs from now..
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you seems to be quite certain about this..?
MOBAJOBG
post Sep 26 2011, 04:04 PM

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As long as you don't simply spend away your hard earned income such as minum designer coffee in Starbucks daily, buy genuine Rolex wristwatch or Montblanc fountain/rollerball/ballpoint pen etc, you should be able to ride out the economic & financial storm safely and soundly. Good luck.

To those who have bought gold at more than RM180 please don't be in despair or get into a state of panic-sell frenzy. There is a silver lining. If you've not sold it earlier and is still keeping it, better don't sell at this price point, just buy more of it when the time is right. Gold is finite and a valuable natural resource ...you just can't lose with it as it's not made out of paper like fiat money.

This post has been edited by MOBAJOBG: Sep 26 2011, 05:07 PM
trinityz
post Sep 26 2011, 04:09 PM

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guys, where is the website to check the price of gold?
check at pbe.com can't find it...

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