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

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kevyeoh
post Sep 26 2011, 04:10 PM

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that is my plan lor...

QUOTE(vincentwmh @ Sep 26 2011, 03:32 PM)
+1..cut loses and buy back in at cheaper w/ more grams
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vincentwmh
post Sep 26 2011, 04:12 PM

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QUOTE(thunderaj @ Sep 26 2011, 03:59 PM)
you seems to be quite certain about this..?
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i'm not expecting <1200 but i do believe it touching all time 2011 low which is 1330.12 (25Jan) if 1530 support is broken.
p4n6
post Sep 26 2011, 04:12 PM

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QUOTE(trinityz @ Sep 26 2011, 04:09 PM)
guys, where is the website to check the price of gold?
check at pbe.com can't find it...
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http://goldprice.org/live-gold-price.html
SUSbuysell
post Sep 26 2011, 04:14 PM

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QUOTE(trinityz @ Sep 26 2011, 04:09 PM)
guys, where is the website to check the price of gold?
check at pbe.com can't find it...
*
http://goldprice.org/live-gold-price.html

http://www.kitco.com/charts/livegold.html

This post has been edited by buysell: Sep 26 2011, 04:18 PM
kevyeoh
post Sep 26 2011, 04:17 PM

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this is one advantage of using online public bank to purchase gold... no need to waste time and effor to go to bank...
and also you can buy/sell quite fast...

just now got ppl say the website cannot login and sell...but no issue for me...

QUOTE(junhaussen @ Sep 26 2011, 03:42 PM)
just  went to CIMB, wanted to buy, they still quote at 169....  doh.gif
forget it....
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Quinn
post Sep 26 2011, 04:23 PM

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Gold first reversal sign spotted.
trinityz
post Sep 26 2011, 04:23 PM

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QUOTE(buysell @ Sep 26 2011, 04:14 PM)
thanks bro, just called up public bank and i was told that the selling price now is RM 167.1. is this a good time to buy?
hongchai888
post Sep 26 2011, 04:24 PM

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QUOTE(junhaussen @ Sep 26 2011, 03:42 PM)
just  went to CIMB, wanted to buy, they still quote at 169....  doh.gif
forget it....
*
Already bounce back, got regret now? brows.gif
SUSbuysell
post Sep 26 2011, 04:26 PM

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QUOTE(kevyeoh @ Sep 26 2011, 04:17 PM)
this is one advantage of using online public bank to purchase gold... no need to waste time and effor to go to bank...
and also you can buy/sell quite fast...

just now got ppl say the website cannot login and sell...but no issue for me...
*
+1 but PB online trade spread no good compare to UOB hmm.gif
junhaussen
post Sep 26 2011, 04:27 PM

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BANK CLOSED... cant regret. sweat.gif
bearbearhong
post Sep 26 2011, 04:28 PM

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CIMB adjusted price after lunch, dropped to RM169 from RM173 rolleyes.gif

was about to sell at RM180, but greed greed...haizz... yawn.gif
SUSbuysell
post Sep 26 2011, 04:29 PM

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QUOTE(hongchai888 @ Sep 26 2011, 04:24 PM)
Already bounce back, got regret now? brows.gif
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Temporary increase only, will drop back very fast, already learn the lesson this month up, down, up, down, up, down, for 3 weeks now got no feel already.
bearbearhong
post Sep 26 2011, 04:29 PM

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QUOTE(kevyeoh @ Sep 26 2011, 04:17 PM)
this is one advantage of using online public bank to purchase gold... no need to waste time and effor to go to bank...
and also you can buy/sell quite fast...

just now got ppl say the website cannot login and sell...but no issue for me...
*
fo those who intend to buy, as well wait few more days.

Tomorrow may RM165, RM160? huahua....then no choice, top up a bit to keep as long term saving then
junhaussen
post Sep 26 2011, 04:30 PM

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QUOTE(buysell @ Sep 26 2011, 04:29 PM)
Temporary increase only, will drop back very fast, already learn the lesson this month up, down, up, down, up, down, for 3 weeks now got no feel already.
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now Euro market... tonight 9pm..US player on the field... see wat will happen.
ch1ck3n
post Sep 26 2011, 04:31 PM

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QUOTE(hongchai888 @ Sep 26 2011, 04:24 PM)
Already bounce back, got regret now? brows.gif
*
dont be too happy with a minor rebound.
if u study daily charts, nearing closing times the price always rebound up to lead for the next day trading.

with the way stocks, gold and silver price are falling.
this is the time where you are cautious. +1 for you
kevyeoh
post Sep 26 2011, 04:31 PM

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i agree...but this are the pros and cons lor...
so it's up to the investor to decide to go with UOB or online...it's a matter of personal choice...

sometimes u wanna rush to buy also need time and effort...like when you sell also cannot sell immediately...have to go bank..queue... and god knows...1 hour can make big difference....

but on the other hand... UOB spread is RM2 only right?

so it's personal choice.. personal decision... most of us already shared all the options available...

QUOTE(buysell @ Sep 26 2011, 04:26 PM)
+1 but PB online trade spread no good compare to UOB hmm.gif
*
bearbearhong
post Sep 26 2011, 04:31 PM

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QUOTE(MOBAJOBG @ Sep 26 2011, 04:04 PM)
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/ball pen etc,  you should be able to ride out the financial & economic storm safely and soundly. Good luck.

To those who have bought gold at more than RM1800 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 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.
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true, just like today headline, leaving within our means...

i have friends who bought near to RM180...

market is so volatile now, USD was predicted to be dying, but rising instead flex.gif
hongchai888
post Sep 26 2011, 04:37 PM

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QUOTE(ch1ck3n @ Sep 26 2011, 04:31 PM)
dont be too happy with a minor rebound.
if u study daily charts, nearing closing times the price always rebound up to lead for the next day trading.

with the way stocks, gold and silver price are falling.
this is the time where you are cautious. +1 for you
*
Yes I agree with you. If whole day going down then the market will be destroy sweat.gif

Like this morning price already up to 1660 suddenly drop to 1540 in the afternoon. Now seem like the same situation now as we might see 15xx very soon sweat.gif

This post has been edited by hongchai888: Sep 26 2011, 04:37 PM
SUSbuysell
post Sep 26 2011, 04:38 PM

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QUOTE(junhaussen @ Sep 26 2011, 04:30 PM)
now Euro market... tonight 9pm..US player on the field... see wat will happen.
*
Once EU market open, they'll start to selling even more the price will drop more, this is everyday routine for over 3 week very bored.
ch1ck3n
post Sep 26 2011, 04:41 PM

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no offence to any existing buyers but i hope it hits lower so entry to gold market will be much more attractive..

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