Prices has broke the $ 1820... does it mean it will go down further?

Or is this the end of the bull run?
 

if tomorrow price is below 175 per gram, im gonna go uob n buy something.... hands itchy already...hehe

Bargain. need to buy before Bernarke speaks again LOL.

Nah I mean it's a bargain now since the price has dropped a lot.  Not sure if you can bargain with the bank.

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Added on September 7, 2011, 10:49 pmSometime this week, not quite sure which day eh I need to check.

OMG!!!

Gold is dropping like shit....

 

actually, minimum gram to open and maintain the account is only 1 gram. You also can top up minimum 1 gram.

I have one account with maybank and i don't mind about the spread since I'm doing this for long term investment.

Dont be silly.......gold has not return more than 35% in a year in ringgit terms in the last ten years...........

Even yer statement is ridiculous..........long term and 1 year..........1 year is not long.......... 

Wrong mate, we cannot simply buy la even if its long term. If you can buy cheaper very soon then why buy expensive now? You accumulate less gm like that. Example:

If you have RM10,000 and gold is RM180, you'll buy 55 grams. But if 1 day later gold dropped to RM177, the same RM10k can get you 56 grams. Better to wait 1 more day right?

afraid if u wait longer, the gold price if keep hiking

No i dont think it should be ignored. Right now the spread is RM 7.43 for PB while UOB is still maintaining at RM2. UOB's spread is fixed regardless of the gold price (for now) while Public Bank & Maybank's spread increases according to the price of gold.

So in say 1 year's time when gold is about RM 230 (hopefully), PB's spread would be RM9.20 and UOB still at RM2. If you buy 200g, your losses for the spread for PB would be RM1,840 while for UOB it will only be RM400.

Maybe you dont mind giving an extra RM 1,440 to Public Bank, but i mind. 

request bank to issue bank draft and write with your name. go to UOB, open account and enjoice 

by the way, gold is back to the railway 

gold dropping.....will it drop summore??

lustman, looking for physical ar-rahnu kah?

i was in uob today noon and was negotiating a better rate for gold deposit. too bad it was almost lunch hour so their hq dealer is already out and they unable to quote me special price (said the cashier)

and somehow, i felt something amiss on today rate, uob - rm181/g when world price is around usd1860....maybe USD has gotten stronger due to SwissFranc pegging, thus the higher price translated. cos i remembered last time when it hit usd1910, uob was only at rm185/g.
was negotiating for rm180.50/g since for sure cannot get the 1kg rate 180/g

too much difference and i felt nervous and not comfortable to buy at that standard price. went to watch "nasi lemak 2.0' with wife. it is hilarious and has interesting views on malaysian as malaysian.

who knows after got back home, it dropped back to usd1840!!! phewwwwwww

hong chai,
can use interbank giro or rentas for immediate transfer. no need to carry cash so much lah.

its almost usd1820 now. looking for this to continue and i will definitely wait until UOB open on monday   

Oo mayb i will bumb into u some time in UOB melaka branch...haha

Gold increasing again abit  =.=

nvm lo, if the price goes up , i.e > RM180 then no trade - no loss for now

if an investment makes u unable to sleep well at night, then it is not for u.

buy physical and you can have gold dream every night

Now USD1855.15/1oz, next monday mostly decrease more.

Conclusion = gold price very volatile....  either u win it or u drop it..... 

People who got no balls to take the risk, go for FD or saving, dont buy gold simple as that.
Gold price up and down is normal eventually it will raise (inflation) that's the fact.

u think now is a time to go in???

I done mine 33g@RM179.11/g thinking of going more for 80g hehe.