Hi.. I'm newbie in GI.. I know public bank got online trading, but does maybank? My friend told me maybank buy/sell have to go counter and also have hidden charges?

Any sifus can advice on that? Don't really care about the rate, I prefer convenience.

Thanks in advance!

Take a look below.



+1

For those who think they could profit from a short term prepare yourself to lose some big money.

better price than yesterday

Only the great Public Bank got such facility my dear.

UOB site mentioned require to have a saving/current account to open a GIA. can i use credit card to open???

nope, nothing than the requirement, who can a bank allow you to use debt to earn money?

an advice, have some extra money before you start to invest, i would recommend 50gm as minimum.

This post has been edited by Alexdino: Sep 28 2011, 10:52 AM

Thank you

Marc Faber, publisher of The Gloom Boom & Doom Report, provided his latest thoughts on the gold price in an interview with CNBC on Monday.

Faber, who has been correctly bullish on gold for most of the past decade, noted that the price of gold has become “very oversold” in the near-term. “We overshot on the upside when we went over $1,900,” he asserted, and “We’re now close to bottoming at $1,500.”
Faber subsequently cautioned that if the $1,500 level does not hold, the gold price could fall to between $1,100 and $1,200 per ounce before finding a bottom. However, despite the potential for a more severe gold price correction, Faber contended that “I don’t think the long-term trend is broken.” Although he did not provide a specific gold price target at this time, Faber predicted earlier this year that the price of gold is likely to eventually surpass its inflation-adjusted all-time high of approximately $2,300 per ounce.
David Rosenberg of Gluskin Sheff – another long-time gold bull – also reiterated his positive long-term outlook on the gold price yesterday. In a note to clients, Rosenberg wrote that “The fundamentals for gold, in terms of being a hedge against the growing lack of integrity in the global monetary system have not changed one iota despite the severe falloff in recent weeks.”

This news is brought to you by: http://malaysiagoldinvestment.blogspot.com...ply-higher.html

Anyone of you who scare to lose money, sell off your gold now!

PBB 170.88/ 163.87 was d rate i sold-all-out dd last 15Aug but that time was oso @ 1744. NOW at 16++ still same RM rate... usd punya pasal.. not easy trading gold, see left <usd factor> see right <gold factor>

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Added on September 28, 2011, 11:31 am++1, i believe so too

This post has been edited by vincentwmh: Sep 28 2011, 11:31 AM

long term investor no need worry about this things mah...... buy gold save 1 or 2 years.....later u look back your gold 1 - 2 years later u laugh.... lol....this statement is to scare away short term investor only...haha.....

I don't care much of losing money though since I focus this in long term. Everything we invest have a risk.

ya i dont thing it'll drop as much, its more likely the USD will die 1st. past 20 yrs trend vs usd tells alot

+1 Good to know, we got friends for long term here. The more investor like us the more healthy this GOLD investment will be.

how long are we talking about here? 2 years? 3 years?
let's say the price of gold is RM170/g now, how much does one can expect in say, 2 years time?
I was told that there only limit of RM50k for PBB GIA, so looking at it, it's not much profit right?

example:
September 2011
RM170/g

RM170 x 294g = RM49,980.00

September 2013
Let's say, RM190/g

RM190 x 292g = RM55,480.00

Total profit for 2 years = RM5,500.00
Profit per month = RM229


Is the calculation above correct? Assuming in 2013 the price is RM190/g

Long term mean as long as you wish.
50K is the daily limit for PB online trading lah!
Daily gold trading limit for both counter & online is 50K. Today buy 50K, tomorrow buy another, and so on.

This post has been edited by buysell: Sep 28 2011, 01:23 PM

damn, the counter girl told me only can put maximum RM50k

The counter girl not yet wake up.

no more roller coaster d? no fun watching graph staying stagnant ....

Hmm...this 1 to 2 years is very misleading...

when i take a look at the gold trend for the past 30 years...

what i see is from 1982 until probably 2005, if you bought it at 1982 and you sell at sometime before 2005, you might not even earn anything...the price was pretty flat below USD500/ounce....
in fact...you might lose money.... and that's how many years we're talking about? if you have saved the money in FD in that period with compounded interest, i'm not sure if the FD might even yield more return than the gold capital gain...

so to those who even think that you will earn if keep 'long' term 1-2 years... u better consider properly...

good luck ...

If the price really DROP to $1100 - 1200, WALAO !?

Most of the forumers here bought at $ 1800+ time .... (RM 178 - 180/g) time....

Wait how many years lo to climb back to $ 1850 ?