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

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monsta2011
post Sep 6 2011, 02:21 PM

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Lets see whether COMEX is going to interfere again this time.


Added on September 6, 2011, 2:23 pm
QUOTE(kueyteowlou @ Sep 6 2011, 02:21 PM)
i sold mine just now.. lol..

i am not that greedy.. see good then cukup d.. tongue.gif
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biggrin.gif If you've heard the old folks story of a fisherman and gold rope.

This post has been edited by monsta2011: Sep 6 2011, 02:23 PM
monsta2011
post Sep 6 2011, 11:39 PM

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Both US stock market and gold are going down the hill together. haha.
monsta2011
post Sep 7 2011, 12:40 PM

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$1843 rclxms.gif Little bullish balloon always bursts after a quick hike.

This post has been edited by monsta2011: Sep 7 2011, 12:41 PM
monsta2011
post Sep 7 2011, 01:59 PM

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QUOTE(Taka_0 @ Sep 7 2011, 01:56 PM)
its becoming more like kopitiam materials instead of gold discussion. mind you
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Bising bising bcos there are still ppl yet to enter the market.
By the way, it drops from 1918 to 1839 in 2 days huge deal bro.

This post has been edited by monsta2011: Sep 7 2011, 02:00 PM
monsta2011
post Sep 7 2011, 02:44 PM

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QUOTE(Taka_0 @ Sep 7 2011, 02:03 PM)
what im trying to say, yes do bising2 if got big drop. not just RM2 drop or something. bcoz everyday got RM2 rise and drop. if like this, everyday gonna make some noise with no information inside it. market is volatile, everyone know that. but RM2 up and down? u decide


Added on September 7, 2011, 2:03 pmits depends on ur relative on timing.
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Some ppl trade gold, mind u! that's where the noise come from.
monsta2011
post Sep 7 2011, 10:04 PM

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Bargain. need to buy before Bernarke speaks again LOL.
monsta2011
post Sep 7 2011, 10:47 PM

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QUOTE(hongchai888 @ Sep 7 2011, 10:17 PM)
U mean can bargain with the bank? Possible?
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Nah I mean it's a bargain now since the price has dropped a lot. smile.gif Not sure if you can bargain with the bank.


Added on September 7, 2011, 10:49 pm
QUOTE(Nidz @ Sep 7 2011, 10:35 PM)
when will he speaks again? this friday?
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Sometime this week, not quite sure which day eh I need to check.

This post has been edited by monsta2011: Sep 7 2011, 10:49 PM
monsta2011
post Sep 7 2011, 11:24 PM

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QUOTE(Nidz @ Sep 7 2011, 11:13 PM)
australia - 7am (our time)
hong kong - 8.30am (our time)

more info here
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It's 8am Malaysian time for Australian Gold ETFs biggrin.gif
monsta2011
post Sep 7 2011, 11:26 PM

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QUOTE(mrBuLuKoreK @ Sep 7 2011, 11:25 PM)
Guys, I suppose every bank has their minimum balance in their passbook account, exp(maybank 2gm, UOB, 10gm, etc). Let say Im in emergency and need to withdraw all my gold in the account and exceeding their minimum balance. do we still get our full amount of money. or they will eat our minimum balance?coz my friend says that let say UOB have 10gm minimum balance and we r going to close our account. they will eat up all 10gm of our gold as the result??
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Just close your account if you want to withdraw all.
monsta2011
post Sep 8 2011, 02:14 AM

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QUOTE(bigwolf @ Sep 8 2011, 01:04 AM)
dunno about others la but my standard is bank only nia. any commodity traders here?  laugh.gif
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Not really trading ler. I buy gold ETFs (Australian one as I have an aussie brokerage account which I opened when I was in Oz).
QUOTE(Sh@rty 5 @ Sep 8 2011, 01:56 AM)
i just browse through the uob web, it seems the min investment gotta be 20gram? initial investment i meant
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Yes that's true. Crazy lot but go for it if you have the capital. icon_rolleyes.gif
monsta2011
post Sep 8 2011, 10:23 AM

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Whats with the asian markets going red today. dow n nasdaq were having a green night yesterday thought the asian markets would follow. shakehead.gif
monsta2011
post Sep 8 2011, 10:49 AM

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QUOTE(holybo @ Sep 8 2011, 10:42 AM)
So do you think it will fall further?
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it fell slightly bellow 1800 last night but is going back up now since the opening of asian markets.
monsta2011
post Sep 8 2011, 12:29 PM

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i think most ppl are very careful with their investment one la. should be alright as long as they dont put all their blood $$ in one basket. APPL is at its peak too but that doesnt mean one should not be buying it when u know iphone ipad iwhatever 3 4 5 6 7 8 9... are coming, unless u fear for another tech or whatever bubble then what can i say. same goes to gold when u know the debt crisis aint going away for a while.
monsta2011
post Sep 8 2011, 01:09 PM

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There's a reason why people considered gold as a safe haven as the price of gold is driven by the supply and demand and is not subject to governtment manipulation. poor swiss franc investors look at what the swiss country has done to their then safe haven asset. but then again make sure ya all dont blind blind buy gold only.
monsta2011
post Sep 8 2011, 01:13 PM

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QUOTE(kueyteowlou @ Sep 8 2011, 01:09 PM)
sorry to say bro..

small investor like me.. last time i used to put all my eggs into one gold basket..  laugh.gif

when the market was stable.. because i were no ideas where to invest in.. that time gold is still stable... but then now..

so volatile.. and 2 waves already... 3rd wave coming soon... gold has become more speculative now....
nod.gif
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LOL me having seasick too rclxub.gif

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