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Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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JonYeap
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 Oct 2 2011, 09:24 PM
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QUOTE(Jutawan @ Oct 2 2011, 09:08 PM) Atleast you know about gold investment right!  hahaa i know but dunno when to enter. waiting and learning as of now. hahahhaa QUOTE(cybermaster98 @ Oct 2 2011, 09:14 PM) Where did he buy from? There are many scams out there selling physical gold claiming a certain purity. Only when its too late do they realise what they're holding isnt as pure as they think. he bought from bank. i think paper gold for now. not sure if he is getting physical. i didnt actually ask. lol... |
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FrancescoTop8
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Oct 2 2011, 09:32 PM
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Getting Started
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QUOTE(kevyeoh @ Oct 2 2011, 07:14 PM) the price flat around 16xx region... personally i'm not sure which direction it's heading... so just sit at the sideline and look see look see... Main events for gold this week : i) US jobs data(perhaps increase since Verizon employees start working) ii) EU meeting (perhaps EU still want to cover-up Greece) http://www.marketwatch.com/story/us-jobs-d...nk=MW_news_stmp |
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SUSbuysell
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Oct 2 2011, 11:20 PM
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Does anyone here know why gold is so precious? Is it because of the color and the purity? or human said so?
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kevyeoh
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Oct 2 2011, 11:58 PM
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tradition? since small... at least..i'm educated to think that gold is precious...  but sometimes i realize...if you go back to the time...when you don't use money.... barter trade...i think i will trade food for food...not gold for food... gold cannot eat..haha QUOTE(buysell @ Oct 2 2011, 11:20 PM) Does anyone here know why gold is so precious? Is it because of the color and the purity? or human said so? |
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thunderaj
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Oct 3 2011, 12:03 AM
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QUOTE(bigwolf @ Sep 30 2011, 10:44 PM) Few kg??? wah loaded. better dun let ppl know where u live. dun wanna hear lyn member kena kidnapped  ya i agree.. |
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prophetjul
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Oct 3 2011, 08:59 AM
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QUOTE(Irresistible @ Oct 2 2011, 04:16 PM) This thread is slowing down after price drop... People are busy buyin.............. |
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hongchai888
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Oct 3 2011, 09:19 AM
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I dont understand why gold price keep increasing as USD also increase.
This post has been edited by hongchai888: Oct 3 2011, 09:20 AM
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prophetjul
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Oct 3 2011, 09:21 AM
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QUOTE(hongchai888 @ Oct 3 2011, 09:19 AM) I dont understand why gold price keep increasing as USD also increase. Means both assets are being aquired |
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eehtsitna
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Oct 3 2011, 09:37 AM
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Finally made up my mind and went to a goldsmith to get my rings. Boy am I in for a shock. Those rings are around 7g in weight and they cost me about Rm14xx for em. There goes my hard-earned money. |
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jphlau
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Oct 3 2011, 09:49 AM
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QUOTE(eehtsitna @ Oct 3 2011, 09:37 AM) Finally made up my mind and went to a goldsmith to get my rings. Boy am I in for a shock. Those rings are around 7g in weight and they cost me about Rm14xx for em. There goes my hard-earned money. at least its cheaper compared to a few weeks ago.. what type of gold u get?? 999 or 916??? how much?? |
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eehtsitna
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Oct 3 2011, 09:58 AM
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Its 916. Retail at Rm189/g. I told them that it should be lower than that. Later they gave me Rm185/g. After rounding up the total, the exact rate i received is at Rm184/g.
To be honest, the price should be a lot lower than Rm189/g. If I were to blame anyone for it, I will most likely point my finger at FGJAM.
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hongchai888
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Oct 3 2011, 10:22 AM
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QUOTE(prophetjul @ Oct 3 2011, 09:21 AM) Means both assets are being aquired I can see USD will achieve 3.3 very soon, no eye see  |
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Alexdino
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Oct 3 2011, 11:08 AM
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QUOTE(hongchai888 @ Oct 3 2011, 10:22 AM) I can see USD will achieve 3.3 very soon, no eye see good thing ma.. we can sell expensive.. |
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mcdkfc
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Oct 3 2011, 11:17 AM
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Getting Started
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QUOTE(Alexdino @ Oct 3 2011, 11:08 AM) good thing ma.. we can sell expensive.. I've dump all my money. Now I hope the price up and up and up...  |
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SUSbuysell
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Oct 3 2011, 11:32 AM
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QUOTE(hongchai888 @ Oct 3 2011, 10:22 AM) I can see USD will achieve 3.3 very soon, no eye see Estimate USD will increase up to 3.50 by end of this year and gold will reach back 18xx-1900. |
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SUSbuysell
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Oct 3 2011, 11:37 AM
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QUOTE(kevyeoh @ Oct 2 2011, 11:58 PM) tradition? since small... at least..i'm educated to think that gold is precious... but sometimes i realize...if you go back to the time...when you don't use money.... barter trade...i think i will trade food for food...not gold for food... gold cannot eat..haha Being brain wash?  +1 so why gold so precious?  |
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Alexdino
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Oct 3 2011, 11:45 AM
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QUOTE(buysell @ Oct 3 2011, 11:32 AM) Estimate USD will increase up to 3.50 by end of this year and gold will reach back 18xx-1900. 3.5? so expensive ah? |
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eehtsitna
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Oct 3 2011, 11:49 AM
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In short, because gold is a rare metal.
I have been thinking this for a while and i guess it will be a good topic to discuss here. Most of us here already owns some paper gold with us. The next big question is, shall we diversify into physical gold?
If you took the time to visit some europe/us gold forum, most of the people there prefer and sometime insist on physical gold. Paper gold is just a figure on a piece of paper. If the bank which holds your gold folds up then you are left with nothing.
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hongchai888
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Oct 3 2011, 11:50 AM
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QUOTE(mcdkfc @ Oct 3 2011, 11:17 AM) I've dump all my money. Now I hope the price up and up and up... How much you dump and you entry at what price? Mind to share |
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mcdkfc
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Oct 3 2011, 12:33 PM
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Getting Started
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QUOTE(hongchai888 @ Oct 3 2011, 11:50 AM) How much you dump and you entry at what price? Mind to share How much aahhh!!!... errr... below 400g... average cost RM16+/g This post has been edited by mcdkfc: Oct 3 2011, 12:47 PM |
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