with current movement i dont know how is the graph going now.

yes... time to sell some. now I can get profit around RM5/g. When dropped will be buy back.

The graph is just a reference only not really a guide, and even those economist prediction came out opposite this days about gold price.

This post has been edited by buysell: Nov 2 2011, 11:18 AM

RM 5/ g is a bit low , not ???

RM 5 X 20g = RM 100 only lo...
even 100g , also RM 500 only...

rm 500 for just 2 trips isn't good? ( one to buy , one to sell )

imho, Rm 500 profit is better than Rm 100 loss

1741 now...

last time rm 10 per gram i dint sell... then suddenly drop to rm 0 per gram ...

u mean u guys actually queue up at the banks to buy/sell gold ah? oh man!! Have u all calculate the productive time spent, petrol, parking, stress & most off all, cost of funds .....

and i believe not everybody wld dump RM20K into gold jst to earn that RM500

lastly, isnt RM7 /gm spread too expensive? I pay only USD0.50 spread to buy 1oz of gold... if I may calculate :

RM7 / 3 = USD2.33
USD2.33 x 28gm = USD65/oz

imagine i pay only USD0.50/oz (the banks too) and u guys pay USD65 spread...The banks wld laugh when u buy gold from them!!

Lastly, there is such a thing called leverage... to buy 1oz of gold, i dont need USD1740 ... only USD4 margin is needed....



....... trade smart.... invest smart.... dont let the banks laugh

The cheapest spread in Malaysia is RM2/gram by UOB.
Mind to share where u trade ?

yeah where do you trade ya? btw, leverage works both ways ler, earn big but can lose big oso

easy, then dont use the leverage... pay USD1740 to buy 1 oz of gold....

I wld rather use USD40 to buy 10oz of gold... once gold up by USD10, i'll have USD100 in pocket . that can be in a matter of hours... of coz, the reverse is possible like u said.. so keep yr gearing as safe as u can handle the risk...

where? for those interested, PM me if u :-

1) have enuf investment experience (gauge yrself).. sorry, i dont wish to teach kindies
2) holds principal credit card with limit > RM8K (to fund your account)


good luck......

This post has been edited by nemoexcel: Nov 3 2011, 12:55 AM

gold is slowly climbing up the ladder...hehe....due to devaluation of yen, USD n euro not stable.... greece gonna kapoot.... MF Global filed for bankruptcy.... macam macam financial problem.

Those who think of using margins to trade will find out that the Gold bull is pretty violent at times.

Never use margins on this Bull......dont find out the hard way

---

Added on November 3, 2011, 8:37 amhttp://www.ebay.com/csc/i.html?_nkw=2009+ultra+high+relief&_in_kw=1&_ex_kw=&_sacat=See-All-Categories&_okw=2009+ultra+high+relief&_oexkw=&_adv=1&LH_Complete=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=200&_fpos=Zip+code&_fsct=&LH_SALE_CURRENCY=0&_sop=1&_dmd=1&_ipg=50

Look at these babies GO!





This post has been edited by prophetjul: Nov 3 2011, 08:37 AM

wa.... tempting people to go physical?

Aye

Arent those babies BEAUTIFUL?

1.00 USD = 3.15121 MYR
GOLD = USD172x/1oz

PBB Gold Investment Account
Gold Investment Account as at 03/11/11 9:45 AM

Selling Price
RM 180.1800

Buying Price
RM 173.0200

1 troy ounce = 31.1034768 grams

1 ounce = 28.3495231 grams

maybe you rich you dont care the differences....

Beautiful vs wealth? Which more tempting you?

Gold shot up to rm177/gm

Beauty is the essence..........Value is the consequence