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Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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Godek
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 Oct 5 2011, 06:33 AM
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QUOTE(isone @ Oct 5 2011, 12:49 AM) You bought it recently? It seems KFH introduce new certificate packaging..I bought last April if not mistaken. BTW, you keep the KFH gold by yourself or let it be in the bank? Bcos once you withdraw, the bank will not keep it for you anymore if you want to return; they only accept buying back Yup I kept 16g, other 2g with bank. Yes this is new packaging. A lot better than previous version, this one more quality & thick packaging. |
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prophetjul
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Oct 5 2011, 08:02 AM
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QUOTE(JonYeap @ Oct 4 2011, 06:47 PM) kinda stupid rule for them to only tax on silvrr coins. maybe i will get gold bars and silver bars for the moment. plus some paper gold and silver too. lol i agree why tax gold COINS and not bars? Coins indicate numistatics while bars indicate commercialism. they should be taxing commercial exrensions not HOBBIES! BUT we are in msia...........  |
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JonYeap
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Oct 5 2011, 08:15 AM
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QUOTE(prophetjul @ Oct 5 2011, 08:02 AM) i agree why tax gold COINS and not bars? Coins indicate numistatics while bars indicate commercialism. they should be taxing commercial exrensions not HOBBIES! BUT we are in msia........... exactly... but i think u meant silver coin. not gold. lol... |
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lustman
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Oct 5 2011, 08:35 AM
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Getting Started
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QUOTE(Godek @ Oct 4 2011, 10:52 PM) Start with my 18G Gold investment with Kuwait Finance House. Got physical like this: [attachmentid=2468669] For this Kuwait Finance House investment: 1. Buy at RM175.94 2. Expected Sell at RM210 (20%) from today till October 2012. 3. Or come to worst at RM194 (10%), or just wait till price is right  Also will bought another 100gm in physical to pawn it, then money get will open another account at UOB (20gm), CIMB (10gm) and Public Bank (10gm). Balance money will buy physical gold and pawn, repeat till no more money to spend on gold. Total budget: +- RM20k Feel free to give comment, as I am newcomer hehe may i know which kfh branch did you go? as for arrahnu my opinion is with the whole amount of cash you get from arrahnu, buy back gold with any 1 bank of your preference. It's easy to keep track and also you need to go just 1 bank in case you need to cash out. But of course once arrahnu you'll need to sit tight for 6 -12 months to see the profit unless gold price go crazy like nobody's business. |
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mcdkfc
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Oct 5 2011, 08:39 AM
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Getting Started
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QUOTE(Godek @ Oct 4 2011, 10:52 PM) Start with my 18G Gold investment with Kuwait Finance House. Got physical like this: [attachmentid=2468669] For this Kuwait Finance House investment: 1. Buy at RM175.94 2. Expected Sell at RM210 (20%) from today till October 2012. 3. Or come to worst at RM194 (10%), or just wait till price is right Also will bought another 100gm in physical to pawn it, then money get will open another account at UOB (20gm), CIMB (10gm) and Public Bank (10gm). Balance money will buy physical gold and pawn, repeat till no more money to spend on gold. Total budget: +- RM20k Feel free to give comment, as I am newcomer hehe for gold acct, I think good if you open one acct only. prefer UOB if easy to go, otherwise PBB have online facility.  |
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vincentwmh
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Oct 5 2011, 09:19 AM
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QUOTE(Quinn @ Oct 5 2011, 01:41 AM) I was a little disappointed with Gold's movement just now. After long waiting, it didn't break out of the 1668 H2 kumo resistant. It formed a reversal candle at the top kumo in H4 and made a huge dip turning it into bearish momentum again. However, I still favor my point (D). If market comes below 1600, it will start hunting for bearish movement instead. Ultimately, it still needs to break 1532 for more bearish movement. i'm still waiting for d day it touches 1530...   |
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OneBuck
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Oct 5 2011, 09:43 AM
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Getting Started
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QUOTE(vincentwmh @ Oct 5 2011, 09:19 AM) i'm still waiting for d day it touches 1530... For the past of 2 weeks, it seems that in the morning the price will increase and at night price will drop. Signing that eastern is buying and western is dumping?  |
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holybo
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Oct 5 2011, 09:45 AM
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Huge different between bank selling price and the price in goldprice.org :S
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Alexdino
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Oct 5 2011, 09:51 AM
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QUOTE(Quinn @ Oct 5 2011, 01:41 AM) I was a little disappointed with Gold's movement just now. After long waiting, it didn't break out of the 1668 H2 kumo resistant. It formed a reversal candle at the top kumo in H4 and made a huge dip turning it into bearish momentum again. However, I still favor my point (D). If market comes below 1600, it will start hunting for bearish movement instead. Ultimately, it still needs to break 1532 for more bearish movement. bear keep coming..when will bull come? |
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prophetjul
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Oct 5 2011, 09:51 AM
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QUOTE(JonYeap @ Oct 5 2011, 08:15 AM) exactly... but i think u meant silver coin. not gold. lol... Yesssss... iam a goldnut...... |
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isone
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Oct 5 2011, 09:58 AM
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Getting Started
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QUOTE(Godek @ Oct 5 2011, 06:33 AM) Yup I kept 16g, other 2g with bank. Yes this is new packaging. A lot better than previous version, this one more quality & thick packaging. i see..it's still 995 gold? last time I received SMS survey from KFH whether want to convert to 999 or not  |
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cybermaster98
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Oct 5 2011, 10:08 AM
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QUOTE(cybermaster98 @ Oct 5 2011, 01:10 AM) No way thats gonna happen. Where are u getting your info from la?  Gold now trading at 1,614 compared to 1,670 about 9 hrs ago. Once it starts to drop to this level, it either maintains or drops further. Might go up a little but no where close to yesterday's prices. Im predicting a continous drop with some mild recovery towards the end. But surely prices tomorrow in Malaysia will be lower than today's closing prices (175.73 on MBB). As expected, gold now trading at 1,621. MBB price at RM 170.27 compared to RM 175.73 yesterday. The roller coaster will continue. Hopefully we'll see lower prices on next Monday after Najib's Budget announcement this Friday. The Ringgit should rise a bit against the Dollar so that would mean lower gold prices (if world prices dont increase). |
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lustman
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Oct 5 2011, 10:27 AM
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Getting Started
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QUOTE(isone @ Oct 5 2011, 09:58 AM) i see..it's still 995 gold? last time I received SMS survey from KFH whether want to convert to 999 or not 995 and 999 is still within 24k category. if you're worry about the value in RM, then it's cheaper in cents. unlike 950 and 916, they're 22.8/23k and 22k. my 2 cents. |
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Irresistible
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Oct 5 2011, 10:52 AM
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QUOTE(cybermaster98 @ Oct 5 2011, 10:08 AM) As expected, gold now trading at 1,621. MBB price at RM 170.27 compared to RM 175.73 yesterday. The roller coaster will continue. Hopefully we'll see lower prices on next Monday after Najib's Budget announcement this Friday. The Ringgit should rise a bit against the Dollar so that would mean lower gold prices (if world prices dont increase). Make sense  |
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kevyeoh
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Oct 5 2011, 10:58 AM
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bank price not updated as fast as goldprice.org? QUOTE(holybo @ Oct 5 2011, 09:45 AM) Huge different between bank selling price and the price in goldprice.org :S |
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SUSbuysell
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Oct 5 2011, 11:17 AM
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QUOTE(cybermaster98 @ Oct 5 2011, 01:10 AM) No way thats gonna happen. Where are u getting your info from la? Gold now trading at 1,614 compared to 1,670 about 9 hrs ago. Once it starts to drop to this level, it either maintains or drops further. Might go up a little but no where close to yesterday's prices. Im predicting a continous drop with some mild recovery towards the end. But surely prices tomorrow in Malaysia will be lower than today's closing prices (175.73 on MBB). It's up already. From USD160x/1oz midnight, now USD162x/1oz up a bit is not up meh? Then what is up to you, please explain? |
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SUSbuysell
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Oct 5 2011, 11:20 AM
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QUOTE(OneBuck @ Oct 5 2011, 09:43 AM) For the past of 2 weeks, it seems that in the morning the price will increase and at night price will drop. Signing that eastern is buying and western is dumping? LOL normal loh, now US people worried about their economy so they see gold up a bit, they quick quick sell it off to cover their stock mah. |
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getsmart
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Oct 5 2011, 11:33 AM
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QUOTE(prophetjul @ Oct 5 2011, 08:02 AM) i agree why tax gold COINS and not bars? Coins indicate numistatics while bars indicate commercialism. they should be taxing commercial exrensions not HOBBIES! BUT we are in msia........... I don't agree. Bar represent raw material while coins are value added finished products. Silver/gold coins are hobbies for rich people. |
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SUSconquering2011
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Oct 5 2011, 11:34 AM
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New Member
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QUOTE(buysell @ Oct 5 2011, 11:20 AM) LOL normal loh, now US people worried about their economy so they see gold up a bit, they quick quick sell it off to cover their stock mah. You haven't sell your gold yet? I sold it off yesterday at Rm171.70 and bought 500gm again @ Rm173.70 and today the price down $(*&$(*$^&)$($ |
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SUSbuysell
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Oct 5 2011, 11:40 AM
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QUOTE(conquering2011 @ Oct 5 2011, 11:34 AM) You haven't sell your gold yet? I sold it off yesterday at Rm171.70 and bought 500gm again @ Rm173.70 and today the price down $(*&$(*$^&)$($ No lah, those money if lost all also I not worried, it's my spare money not much lah only 45g brought at RM179.11/1g & RM184.51/1g. *Repeat: If 1900 I sell or else don't want to sell, I am a long term si-fat-kwai! |
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