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

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MOBAJOBG
post Sep 26 2011, 04:42 PM

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QUOTE(bearbearhong @ Sep 26 2011, 04:31 PM)
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
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Thanks for correcting my typo, in my haste I've added another extra 0 which I've edited in my original post. blush.gif

This post has been edited by MOBAJOBG: Sep 26 2011, 04:42 PM
forty-40
post Sep 26 2011, 05:03 PM

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look like 1200/oz hope is gone !
kelvyn
post Sep 26 2011, 05:08 PM

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QUOTE(forty-40 @ Sep 26 2011, 06:03 PM)
look like 1200/oz hope is gone !
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that's some wishful thinking... hmm.gif
SUSbuysell
post Sep 26 2011, 05:08 PM

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QUOTE(forty-40 @ Sep 26 2011, 05:03 PM)
look like 1200/oz hope is gone !
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It will dip be patience. Price sure drop once EU market open, see tonight.
hongchai888
post Sep 26 2011, 05:12 PM

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QUOTE(buysell @ Sep 26 2011, 05:08 PM)
It will dip be patience. Price sure drop once EU market open, see tonight.
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I think u mean US market? EU market is the one push the price up now
mcdkfc
post Sep 26 2011, 05:13 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...
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agreed... by using PB, it is easy to handle. What I did today, cut loses and buy back in at cheaper w/ more grams... biggrin.gif

thunderaj
post Sep 26 2011, 05:15 PM

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kitco 1624 usd/oz
mrBuLuKoreK
post Sep 26 2011, 05:19 PM

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me is Rugi approximately 1k already. but yet still happy smile.gif
personaforever6789
post Sep 26 2011, 05:22 PM

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guys,wanna ask is it good time to buy gold now? saw at uob now rm 166..last 2 or 3 weeks it was rm182 rite?

is it good to buy now?
SUSbuysell
post Sep 26 2011, 05:28 PM

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QUOTE(hongchai888 @ Sep 26 2011, 05:12 PM)
I think u mean US market? EU market is the one push the price up now
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US EU abang-adik same same both killing asia gold market "Pull Cat Tail" now. Asia people dump money in, they sell, make us loss.

QUOTE(mrBuLuKoreK @ Sep 26 2011, 05:19 PM)
me is Rugi approximately 1k already. but yet still happy smile.gif
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Me too. icon_rolleyes.gif
MOBAJOBG
post Sep 26 2011, 05:36 PM

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...so that makes people like me who had sold and profited a lot or untung dengan banyak sekali who are not happy because no more physical gold in their possession already. hmm.gif

This post has been edited by MOBAJOBG: Sep 26 2011, 05:36 PM
Alexdino
post Sep 26 2011, 05:36 PM

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QUOTE(iamtheone2020 @ Sep 26 2011, 05:22 PM)
guys,wanna ask is it good time to buy gold now? saw at uob now rm 166..last 2 or 3 weeks it was rm182 rite?

is it good to buy now?
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if world price keep pushing up, first thing in the morning will we get this price at the counter since they slow in update? tongue.gif
personaforever6789
post Sep 26 2011, 05:47 PM

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means that online price is not up to date?btw,is it good time to buy now?
SUSbuysell
post Sep 26 2011, 05:51 PM

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QUOTE(iamtheone2020 @ Sep 26 2011, 05:47 PM)
means that online price is not up to date?btw,is it good time to buy now?
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I see you keep asking the same question repeatitive. We can't advise you on that, you will have to use your smart brain to do your home work.
SUSconquering2011
post Sep 26 2011, 05:57 PM

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QUOTE(buysell @ Sep 26 2011, 05:28 PM)
US EU abang-adik same same both killing asia gold market "Pull Cat Tail" now. Asia people dump money in, they sell, make us loss.
Me too. icon_rolleyes.gif
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I bought 155g at UOB @ Rm178.6/g

today i sell it at RM168.90 - I rugi around RM 1,503.50

But i bought again 125g @ RM167 just now.

Profit or Loss?

SUSsoundsyst64
post Sep 26 2011, 05:57 PM

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QUOTE(conquering2011 @ Sep 26 2011, 05:57 PM)
I bought 155g at UOB @ Rm178.6/g

today i sell it at RM168.90 - I rugi around RM 1,503.50

But i bought again 125g @ RM167 just now.

Profit or Loss?
*
loss - short term
profit - long term
MOBAJOBG
post Sep 26 2011, 06:04 PM

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QUOTE(iamtheone2020 @ Sep 26 2011, 05:47 PM)
means that online price is not up to date?btw,is it good time to buy now?
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I've seen gold at many pivotal price points before since year 1992 so I'll share a little of what I know and provide you with a flashback of just 2 years for your reading pleasure hopefully would make it easier for you to come up with your own qualified decision.

The last time I'd checked in the past the gold price when I still had any was Sept '09, iirc it's ~RM128 per/gram. Thereafter, I didn't bother to track its price until July '11 which was ~RM188 per/gram and I've made a clean & quick exit just recently at ~RM180 per/gram.

This post has been edited by MOBAJOBG: Sep 26 2011, 06:25 PM
SUSbuysell
post Sep 26 2011, 06:12 PM

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QUOTE(conquering2011 @ Sep 26 2011, 05:57 PM)
I bought 155g at UOB @ Rm178.6/g

today i sell it at RM168.90 - I rugi around RM 1,503.50

But i bought again 125g @ RM167 just now.

Profit or Loss?
*
Loss. But if gold increase over RM179.10/1g later then only you gain back your losses and start profiting from it.
Why you sell? I brought mine at RM184.51/1g still not worried. No sell mean No loss, brother.

This post has been edited by buysell: Sep 26 2011, 06:18 PM
Jutawan
post Sep 26 2011, 06:13 PM

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QUOTE(soundsyst64 @ Sep 26 2011, 05:57 PM)
loss - short term
profit - long term
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Dollar Cost Averaging Concept?
SUSconquering2011
post Sep 26 2011, 06:22 PM

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QUOTE(buysell @ Sep 26 2011, 06:12 PM)
Loss. But if gold increase over RM179.10/1g later then only you gain back your losses and start profiting from it.
Why you sell? I brought mine at RM184.51/1g still not worried. No sell mean No loss, brother.
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I will sell 125g/RM167 when it reach Rm181++

If it drop let say tomorrow between RM155-Rm159, i will add Rm75g

drop between Rm5 add 75-100g..

loss or profit?

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