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

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chrischin
post Oct 20 2011, 11:50 AM

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QUOTE(nothingz @ Oct 20 2011, 11:27 AM)
now seems attractive to go in, any comment?

interested to buy from UOB.  If i open GSA at UOB, i have to go personally for all the buy/sell transaction?
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Yes, you need to go there personally.
mcdkfc
post Oct 20 2011, 12:47 PM

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QUOTE(hongchai888 @ Oct 20 2011, 11:38 AM)
Arghhhh will it up or down when Europe market open? If Europe market also down then we definitely can see RM 155 - 160 very soon.

Wait or not... or buy more now....hmmm
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For me if long term investment, market price below USD1630/oz, we can buy... maybe you can buy partially... now, afternoon & before market close. At the end the average cost still lower.
Just my 2cents opinion.
Gold Swiftlet
post Oct 20 2011, 12:51 PM

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Anyone of u consider to purchase PAMP gold bars from 1StopGold due to their lowest pricing compare with others???
DM3
post Oct 20 2011, 12:55 PM

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buyin gold/GSA in sg UOB subject to 0.25% /annum but selling it about sgd 0.20 difference

today sell buy
GOLD SAVINGS A/C SGD 1 GM 66.65 66.45


Added on October 20, 2011, 12:56 pmworth it?


This post has been edited by DM3: Oct 20 2011, 12:56 PM
mcdkfc
post Oct 20 2011, 12:58 PM

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QUOTE(echoesian @ Oct 20 2011, 11:42 AM)
how is the PBB online spread?
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lower than Maybank but higher than UOB & CIMB

Now online PBB gold price is RM166.9042/g

This post has been edited by mcdkfc: Oct 20 2011, 01:07 PM
mbj78
post Oct 20 2011, 01:08 PM

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I love to see this chart http://www.forexpros.com/commodities/gold-advanced-chart
SneakyLeaky
post Oct 20 2011, 01:14 PM

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guys i wanna ask something, say if i buy silver from overseas, bring it back to malaysia. and then i wanna sell it here. will ALL merchants of gold and silver (Banks too) accept it? does it mean that as long as my stuff is real they will accept it no matter what brand is it?
Gold Swiftlet
post Oct 20 2011, 01:37 PM

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Anyone got any idea what happen to the Gold spot price suddenly drop to 1611 @1.30 pm ??
Alexdino
post Oct 20 2011, 01:39 PM

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QUOTE(Gold Swiftlet @ Oct 20 2011, 01:37 PM)
Anyone got any idea what happen to the Gold spot price suddenly drop to 1611 @1.30 pm ??
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what is local price? rm160? no bank update their price..
mcdkfc
post Oct 20 2011, 02:01 PM

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QUOTE(Alexdino @ Oct 20 2011, 01:39 PM)
what is local price? rm160? no bank update their price..
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Now 1400hrs, online PBB gold price is RM166.6944/g

This post has been edited by mcdkfc: Oct 20 2011, 02:03 PM
blanket84
post Oct 20 2011, 02:03 PM

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I wonder what would happen to short term player who bought at 175-180?
ahpoo
post Oct 20 2011, 02:12 PM

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QUOTE(Gold Swiftlet @ Oct 20 2011, 01:37 PM)
Anyone got any idea what happen to the Gold spot price suddenly drop to 1611 @1.30 pm ??
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this happened: sos

This post has been edited by ahpoo: Oct 20 2011, 02:12 PM
eXTaTine
post Oct 20 2011, 02:13 PM

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QUOTE(blanket84 @ Oct 20 2011, 02:03 PM)
I wonder what would happen to short term player who bought at 175-180?
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If they sell now then lose money la...that's what will happen...what's the big deal?
SUSgogo2
post Oct 20 2011, 02:15 PM

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QUOTE(eXTaTine @ Oct 20 2011, 02:13 PM)
If they sell now then lose money la...that's what will happen...what's the big deal?
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I think its sarcasm question aim at people who bought at that price. I dunno why people so evil in this thread and in stock market thread. Laughing at people paper loss. hmm.gif
Alexdino
post Oct 20 2011, 02:30 PM

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QUOTE(gogo2 @ Oct 20 2011, 02:15 PM)
I think its sarcasm question aim at people who bought at that price. I dunno why people so evil in this thread and in stock market thread. Laughing at people paper loss.  hmm.gif
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haha, they usually like to show how much they can earn and never put some useful teaching material in it. Dont worry you need to lose in order for you to gain lesson. sometime tuition fee could cost a few thousand. tongue.gif

RM 165/g only? doh.gif i though it will go down to 160

This post has been edited by Alexdino: Oct 20 2011, 02:31 PM
ch1ck3n
post Oct 20 2011, 02:39 PM

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QUOTE(Alexdino @ Oct 20 2011, 02:30 PM)
haha, they usually like to show how much they can earn and never put some useful teaching material in it. Dont worry you need to lose in order for you to gain lesson. sometime tuition fee could cost a few thousand. tongue.gif

RM 165/g only?  doh.gif i though it will go down to 160
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hopefully it will continue the downtrend and the push the price down to 160..

165/g is so unattractive now..when u know there is such a fall right now
Alexdino
post Oct 20 2011, 02:47 PM

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QUOTE(ch1ck3n @ Oct 20 2011, 02:39 PM)
hopefully it will continue the downtrend and the push the price down to 160..

165/g is so unattractive now..when u know there is such a fall right now
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165 put some uncertainties whether to go in or wait, but if it reaches 160 i think many already pumped in. tongue.gif

btw.. UOB already 166 liao.. doh.gif they update the price so fast when price gone up but waited so long to update when price gone down.

This post has been edited by Alexdino: Oct 20 2011, 02:49 PM
SUSbuysell
post Oct 20 2011, 03:09 PM

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QUOTE(quackpack @ Oct 18 2011, 07:31 PM)
I dont even get your logic  blink.gif

Now is the best time for more short term investors to hop in for the next ride  rclxms.gif
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Is it logic now.

Look at the gold chart it's USD162x/1oz now, the more short term investor buy, the more price drop. hmm.gif Now the best time? rclxub.gif
Like gold is losing it value by days and if this is what going to keep on repeating, very soon gold price will steep dip below 15xx or maybe lower.

This post has been edited by buysell: Oct 20 2011, 03:18 PM
quackpack
post Oct 20 2011, 04:44 PM

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QUOTE(buysell @ Oct 20 2011, 03:09 PM)
Is it logic now.

Look at the gold chart it's USD162x/1oz now, the more short term investor buy, the more price drop. hmm.gif Now the best time? rclxub.gif
Like gold is losing it value by days and if this is what going to keep on repeating, very soon gold price will steep dip below 15xx or maybe lower.
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You don't get it at all.

Short term buyers knows what they are dealing most of the time. When gold was at 19xx most short term buyer already sold off and reap the profits out from people who just jump in the bandwagon during that moment.

It is already mention alot of times in this forum that gold is speculated very heavily during 18xx.

Dont always be in a denial mode when gold price drop when bought at higher price.

Quin already gave enough teachings here, everyone needs a plan.

This post has been edited by quackpack: Oct 20 2011, 04:45 PM
bigwolf
post Oct 20 2011, 05:21 PM

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QUOTE(quackpack @ Oct 20 2011, 04:44 PM)
You don't get it at all.

Short term buyers knows what they are dealing most of the time. When gold was at 19xx most short term buyer already sold off and reap the profits out from people who just jump in the bandwagon during that moment.

It is already mention alot of times in this forum that gold is speculated very heavily during 18xx.

Dont always be in a denial mode when gold price drop when bought at higher price.

Quin already gave enough teachings here, everyone needs a plan.
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don't mention quinn in front of buysell!!! shocking.gif sweat.gif laugh.gif

anyways kinda busy now, will post some opinions later tonite cool.gif

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