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

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lustman
post Sep 18 2011, 09:54 PM

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Just for your info only especially the last sentence.

In the clip below, Mr. Faber says precious metals may fall as QE2 ends, and before the next round of Fed printing begins.

Some quotable notes from the interview with Mr. Faber, author of Tomorrow's Gold:

“I still like gold and silver. I think it will go down for the next three months or so but I wouldn't short them.”

“[You should] keep on accumulating gold.”

“Not to own any gold means you trust central bankers and that you don't want to do in your life.”

http://youtu.be/IdgBW-DgiA8

This post has been edited by lustman: Sep 18 2011, 09:55 PM
lustman
post Sep 19 2011, 05:44 AM

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please may i know where i can check for free, hourly/daily gold movement candlestick chart? tq
lustman
post Sep 20 2011, 08:03 AM

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QUOTE(keii-kun @ Sep 20 2011, 12:09 AM)
the only way you can capitalize on this is on paper gold - etf, forex etc

else here, you can lock the physical price from 24x7 dealer, such as :

either nubex -
good price on 1 dinar rm790 ,
50gm gold bar @ rm184/gm
or the 100gm 999 bracelet @ rm185/gm.

another one - public gold.

other than that, all of us could just pray hard tonite that asian market wont push the price further as we always see laugh.gif
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even though the physical gold prices in malaysia are ridiculous but ...................hmmmm

i was trying to buy some used jewellery for arrhn but the prices.....again...hmmmm

what type of dinar they are selling? i trying to get PG dinar at lowest (bulk purchase) just above "we buy" price.
lustman
post Sep 26 2011, 02:49 PM

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QUOTE(OneBuck @ Sep 26 2011, 02:48 PM)
And another miracle happen. I cannot log in to Public Gold website....!

Every seller is now panicking... phew..phew...phew... tongue.gif

This is the reality guys, when they make money, they allow you to buy, but when there losing, they simple close shop.  doh.gif
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this is totally BS, what to do..... vmad.gif

lustman
post Sep 26 2011, 02:52 PM

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QUOTE(MOBAJOBG @ Sep 26 2011, 02:47 PM)
Ahem, ladies and gentlemen or guys and gals.

I don't know whether you already know it or not, ...but I've heard from a few reliable sources who is also the executive chairman and another person, Head of Research of a multinational financial cum property construction company that I've been working at for some 20 years already that "There is going to be a global recession and it would take about 385 days to recover according to the latter calculations."

So, keep your helmets on and fastened your seat-belts for the impending crash and burn hopefully, not be killed altogether.
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so what's the conclusion? rclxub.gif

lustman
post Sep 26 2011, 03:30 PM

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QUOTE(keii-kun @ Sep 26 2011, 03:26 PM)
when u have paper gold with any bank, you know that you are at their mercy. when we had gold with them, wouldn't we be happy when their update as fast rising price?
now, good la they're slow cos give time ppl to go n sell.

anyway, those holding physical shudn't be worry. just keep em.
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bro where do you observe the 999 & 916 prices besides FGJAM so that i know i'm buying at a reasonable price?

lustman
post Sep 27 2011, 03:18 PM

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please, need help here.

is the price for UOB physical gold example nuggets & maples, changes everytime within a day?

are these coins sealed? if seal broken or coins taken out, can sell back to UOB?

thank you very much.
lustman
post Sep 27 2011, 08:49 PM

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QUOTE(keii-kun @ Sep 27 2011, 08:40 PM)
lustmsn,
1- yes. if the movement is aggressive yes it will be updated
2 - yes. nugget in hard case so take out ,put back still ok. maple is soft case have to koyak n got chances uob won't buyback.
btw, the will only buyback sold by the owner n with receipt. not sure abt we can request put blank name om receipt.
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thanks for your input.

someone wants to sell maples and nuggets, maples seal koyak, i just want to buy 1 piece.

thanks again

lustman
post Sep 27 2011, 10:27 PM

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Maybe this has been posted earlier.

“Due to operational difficulties the London Gold Exchange is permanently closed for business.”
lustman
post Sep 29 2011, 12:18 PM

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QUOTE(hongchai888 @ Sep 29 2011, 09:50 AM)
Thanks, appreciated  rclxms.gif
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i think prices have revised.

i just saw MBB is 169.48/162.49

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.
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
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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.



lustman
post Sep 30 2011, 12:18 PM

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QUOTE(cybermaster98 @ Sep 30 2011, 10:42 AM)
If religion is used for the right reasons, there should not be any increase in prices. Paying off officials from Jakim and paying for their family holidays abroad to get certification is a direct violation of the concept of halal. Im not saying this on heresay. Im saying this based on first hand knowledge. My comments are not based on the fundamentals of religion itself but on the misuse and exploitation that comes with it. Dont be another katak bawah tempurung believing everything the Gov controlled media tells you. Go read whats happening to Mecca in Saudi Arabia and see whats happening to all your Haj money. Is what's happening there holy and Godly? Do a google on Al-Andalus and see whats happening in a city just 35km away from the holy city. Religion is being exploited more and more due to the greed of man. The only way to fight it to to create awareness and stand up for what's right.

Sorry for diverting from gold. I just had to respond.  icon_rolleyes.gif
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again good observation.

lets keep things simple here. i'd appreciate it very much if we all just focus on the gold account issue and it's totally irrelevant on other issues.

like i said earlier, just a reminder to those who want to abide. bcos it's my duty to inform and not to pinpoint. if no one wants to follow, so be it and do whatever you like. simple as ABC.

maybe we could start another thread on other issues besides gold. meanwhile just gold and let's all together make profit from it. what say you all? rclxm9.gif

This post has been edited by lustman: Sep 30 2011, 12:19 PM
lustman
post Oct 4 2011, 12:54 PM

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QUOTE(neo_87 @ Oct 4 2011, 12:32 PM)
Hi all,

I need some suggestions from u guys here. I have about 4k in hand, and thinking to invest in gold. I've opened GIA with maybank previously and now thinking to topup but..after read about physical gold, quite interested.

1) Should i continue invest in paper or move to physical gold?
2) Should i dump all the money or invest bit by bit?
3) Which one is more worth & effective ?
4) How to make money from ar-rahnu bank rakyat? Buy physical gold n pawn there? and the money i borrow i topup another gold?

I'm very at new at this gold investment, i don't have any idea how to start.
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if you're a muslim, then only open with KFH, others non-syariah compliance. remember it's up to you to follow.

ar-rahnu game you need to know the whole picture, need to attend seminar if possible so you can understand why people do it. it's not a one day know all deal.

lustman
post Oct 5 2011, 08:35 AM

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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 tongue.gif

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
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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.

lustman
post Oct 5 2011, 10:27 AM

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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  smile.gif
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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.
lustman
post Oct 17 2011, 10:58 AM

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QUOTE(chef @ Oct 16 2011, 12:35 PM)
Hey guys,

I'm trying to upgrade from silver to gold !! smile.gif

Anyone selling 50g or 1oz maple gold coin? sorry to be asking here but just wondering besides 1stopgold, mysmartgold and nubex, any other reliable source or places I can walk in to buy (besides those cut throat poh kong and such) PM me o.k?

Or anyone letting go of any of these coins or bars? must be maple or pamp. Thanks.

chef
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chef,

there are people selling maples, kanggaroo and kijang at GLS (opposite of SLS same admin), check there.
lustman
post Oct 19 2011, 08:39 AM

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QUOTE(on_no @ Oct 18 2011, 09:29 PM)
Anyone here have come across Gold investment plan? I am working overseas and i come across an interesting plan.
The plan is that you invest in the gold bar, they will give you the physical gold bar, and that they will still pay you 2% of what you buy every months. They guarantee your cashback:
3 months=4.50%
6 months=12%
12 months=30%

However, the selling price is a bit more expensive compared to the market price (hedging). By the end of the investment, you may sell the gold bar back to them at the same price, or you may keep the gold bar, and sell to other shops.

Anyone here have any experience with this kind of investment?
http://www.goldentradersinternational.com/
http://gtigolden.com/

Just want to know if there are any pros and cons to this kind of investment as well.

Is there such facilities in Malaysia? hmm.gif  hmm.gif

(Sorry in advance if this post have been already asked, i browse through the first few pages, and found too much to read... biggrin.gif  biggrin.gif )
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never ever participate with this kind of investment even if they promise a bunglow house or bmw. many reasons.

if you really want to invest go and buy 1kg or any amount that you can afford and keep it, period! icon_rolleyes.gif

lustman
post Oct 27 2011, 05:57 PM

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QUOTE(hotjake @ Oct 27 2011, 01:12 PM)
lol, i know which company  brows.gif look below. there r only 2 companies doing this under shariah law. genneva malaysia sdn bhd and kuwait finance house bhd. but all know who is offering highest rate
please bear in mind kuwait finance house is a bank just like maybank and public bank.

on the other hand, genneva malaysia sdn bhd is.... well, i think you all have read abt it already.

just so you know, these 2 are totally different.





lustman
post Nov 1 2011, 07:44 AM

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QUOTE(saigetsu @ Nov 1 2011, 12:12 AM)
i bought GDI from CIMB bank. I told my fren about it. and he said not syariah compliance. fuuu....

only KFH syariah compliance... whats the different anyway?
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syariah compliance in this matter is about riba. all precious metals are under riba category so if you're a muslim you must comply, just like puasa during ramamdan. this issue is too lenghty to explain here.


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