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

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mcdkfc
post Sep 29 2011, 12:19 PM

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QUOTE(echoesian @ Sep 29 2011, 11:06 AM)
PBB online cannot used to top up like Maybank2u?
*
Sorry, what you means that? I can't get you. I'm using PBB and top up online. Also I sell online like M2U. Very easy biggrin.gif
keii-kun
post Sep 29 2011, 12:23 PM

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QUOTE(hongchai888 @ Sep 29 2011, 10:01 AM)
May I know the spread for Maybank and CIMB bank? Feel lazy to go UOB so frequent.

Sorry I search back 10 pages here also couldnt find the answer, so I ask
*
no need to search 10page, check page 1 cukup.

as for investment decision, i believe most of us already mature enuff to not to blame anyone's suggestion/opinion. we have ourselves to blame on.

cheers.

uob yesterday closing 171/169
lustman
post Sep 29 2011, 12:29 PM

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applicable to muslims only.

since now gold & silver are very very hot commodities, as a muslim it's my responsibility to inform that these 2 are within ribawi category, so we must fully follow the syariah compliance regulation.

if you want to open a gold account, only kuwait finance is OK. if not just buy physical gold (any form) with cash only.

again this is just a reminder and there's no one to catch or report you to the authorities. it's all up to you to abide.

please don't ask for facts, and please do you own research.

tq.
Sitting Duck
post Sep 29 2011, 12:53 PM

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QUOTE(mcdkfc @ Sep 29 2011, 12:19 PM)
Sorry, what you means that? I can't get you. I'm using PBB and top up online. Also I sell online like M2U. Very easy  biggrin.gif
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MBB can sell /buy online?
hongchai888
post Sep 29 2011, 12:57 PM

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QUOTE(Sitting Duck @ Sep 29 2011, 12:53 PM)
MBB can sell /buy online?
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Cannot. Only pbb can
echoesian
post Sep 29 2011, 12:57 PM

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QUOTE(mcdkfc @ Sep 29 2011, 12:19 PM)
Sorry, what you means that? I can't get you. I'm using PBB and top up online. Also I sell online like M2U. Very easy  biggrin.gif
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Sorry I mean UOB
mcdkfc
post Sep 29 2011, 12:59 PM

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QUOTE(Sitting Duck @ Sep 29 2011, 12:53 PM)
MBB can sell /buy online?
*
Sorry misunderstanding. MBB can't buy/sell gold online. Only PBB can. What I mean, it is easy like we do any transaction by using M2U. Almost Malaysian ppl using M2U.
cybermaster98
post Sep 29 2011, 01:04 PM

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QUOTE(lustman @ Sep 29 2011, 12:29 PM)
applicable to muslims only.

since now gold & silver are very very hot commodities, as a muslim it's my responsibility to inform that these 2 are within ribawi category, so we must fully follow the syariah compliance regulation.

if you want to open a gold account, only kuwait finance is OK. if not just buy physical gold (any form) with cash only.

again this is just a reminder and there's no one to catch or report you to the authorities. it's all up to you to abide.

please don't ask for facts, and please do you own research.

tq.
No harm meant but personally i think religion has been misused too many times to extract additional gains for a select group of ppl only. Alot of these so called 'syariah compliant' banking products are actually more expensive that regular products.

Even Halal food is relatively more expensive as food suppliers have to put on more resources to be 'halal' registered in addition to blatant corruption to get the certification which includes paid holidays for these so called 'religious' officials to visit their factories and mind you they come in big groups sometimes with their families tagging along. All these additional costs incurred by food inporters and suppliers are passed down to the public thus further increasing the food prices. vmad.gif


lustman
post Sep 29 2011, 01:13 PM

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QUOTE(cybermaster98 @ Sep 29 2011, 01:04 PM)
No harm meant but personally i think religion has been misused too many times to extract additional gains for a select group of ppl only. Alot of these so called 'syariah compliant' banking products are actually more expensive that regular products.

Even Halal food is relatively more expensive as food suppliers have to put on more resources to be 'halal' registered in addition to blatant corruption to get the certification which includes paid holidays for these so called 'religious' officials to visit their factories and mind you they come in big groups sometimes with their families tagging along. All these additional costs incurred by food inporters and suppliers are passed down to the public thus further increasing the food prices.  vmad.gif
*
i totally agree and fully support what you said, i felt the same way too and it happened to me personaly - housing loan.

this is why we all have otak to think wisely. no human being is perfect. just do what is best for ourselves and our family and we cannot take it as an excuse also.

good observation.



echoesian
post Sep 29 2011, 01:32 PM

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UOB can trade gold account online?
Nidz
post Sep 29 2011, 01:34 PM

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QUOTE(echoesian @ Sep 29 2011, 01:32 PM)
UOB can trade gold account online?
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No. only PBB can. Pls do check info on 1st page.
This question has been asked and answered numerous times.

This post has been edited by Nidz: Sep 29 2011, 01:36 PM
hongchai888
post Sep 29 2011, 01:37 PM

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QUOTE(echoesian @ Sep 29 2011, 01:32 PM)
UOB can trade gold account online?
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I seriously wish UOB can trade online very soon
smokymcpot
post Sep 29 2011, 01:37 PM

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Is it true banks like CIMB and PB, you can buy paper gold, and then when you sell it off, you can either get cash or the ammount of physical gold that you bought ? If like that, what for buy physical? Need someone to help.
SUSgogo2
post Sep 29 2011, 01:40 PM

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QUOTE(smokymcpot @ Sep 29 2011, 01:37 PM)
Is it true banks like CIMB and PB, you can buy paper gold, and then when you sell it off, you can either get cash or the ammount of physical gold that you bought ? If like that, what for buy physical? Need someone to help.
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I heard they can deny your request.

Anyway, I try to buy in MBB today and got 4 people in front of me. Wow, Gold is hot man. Anyway, I plan to go PBB tommorow. I think online transaction better. I hate go to bank in person.
Sh@rty 5
post Sep 29 2011, 01:42 PM

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QUOTE(hongchai888 @ Sep 29 2011, 01:37 PM)
I seriously wish UOB can trade online very soon
*
i am sure most of us here would too.

but do expect an increase in.price.spread if they were to.really have the online transaction thingy :-)
spikyz
post Sep 29 2011, 01:55 PM

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QUOTE(smokymcpot @ Sep 29 2011, 01:37 PM)
Is it true banks like CIMB and PB, you can buy paper gold, and then when you sell it off, you can either get cash or the ammount of physical gold that you bought ? If like that, what for buy physical? Need someone to help.
*
i believe for PBB, u need to pay around RM150 to convert ur virtual gold to physical gold.
mcdkfc
post Sep 29 2011, 02:34 PM

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QUOTE(smokymcpot @ Sep 29 2011, 01:37 PM)
Is it true banks like CIMB and PB, you can buy paper gold, and then when you sell it off, you can either get cash or the ammount of physical gold that you bought ? If like that, what for buy physical? Need someone to help.
*
Paper gold have pro & cons:

Pro - more cheapper, spread more less, easy to handle.
Cons - to sell, only can deal with the bank where you buy. Physical can sell to banks, friend, Arrahnu, jewellery shop etc.
hongchai888
post Sep 29 2011, 02:41 PM

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QUOTE(mcdkfc @ Sep 29 2011, 02:34 PM)
Paper gold have pro & cons:

Pro - more cheapper, spread more less, easy to handle.
Cons - to sell, only can deal with the bank where you buy. Physical can sell to banks, friend, Arrahnu, jewellery shop etc.
*
But paper gold not scare hilang, kena curi or etc compare with physical. Only scare bank close

This post has been edited by hongchai888: Sep 29 2011, 02:42 PM
smokymcpot
post Sep 29 2011, 02:44 PM

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QUOTE(mcdkfc @ Sep 29 2011, 02:34 PM)
Paper gold have pro & cons:

Pro - more cheapper, spread more less, easy to handle.
Cons - to sell, only can deal with the bank where you buy. Physical can sell to banks, friend, Arrahnu, jewellery shop etc.
*
I myself buy physical but if you buy paper gold, you have it at least in a safe place. No need to worry about security. Secondly, as you said, it is cheaper and the spread is much lesser. If like that, when you sell back, you can either opt to get cash or the gold you bought, why not just get from banks rather than buying physical? Just wondering, if you sell off and want it back in gold, how do they give you? Gold bullion coins or PAMP bars? rclxub.gif
Quinn
post Sep 29 2011, 03:04 PM

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QUOTE(buysell @ Sep 29 2011, 11:00 AM)
Nope, don't depend on anyone saying here not even me (I'm not SIFU), but I can tell you not to rely on ichimoku chart it is not 100% accurate.

My bit of advise is, take it easy not to bet your life on it, only invest what you think you could afford to lose only. This week and the next coming week better monitor properly before impulse invest more on gold.

*I expect Quinn to be more mature, very disappointing with the fellow of how he act up. Good luck to you Quinn. hmm.gif
*
You say not to rely but u don't put any supporting statements. I'm also disappointed with you. You can have the whole show to yourself. wub.gif

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