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

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SUSbuysell
post Nov 3 2011, 09:27 PM

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QUOTE(sidanos @ Nov 3 2011, 08:21 PM)
Gold shot up to rm177/gm thumbup.gif
*
USD176x/1oz now. brows.gif
nemoexcel
post Nov 3 2011, 10:13 PM

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QUOTE(buysell @ Nov 3 2011, 09:27 PM)
USD176x/1oz now. brows.gif
*
I wonder... some of u quote in RM, some gets excited in USD.... i presume u all trade thru local banks.. and those quote in USD jst wanna share that the current live rate is in USD? Correct me if i am wrong, thanks

But does the local bank's rate moves by the minutes? Could it be that while XAU/USD moved wildly (like tonight), but by 2mrw morning when the banks open, XAU/USD already down back to previous rate? Isnt that a "syok sendiri" ?

Tonight itself my profit from closing gold trades already USD87 .... smile.gif .... tonight's USD1764 is the highest since Sept 23 when gold was diving its way down from USD1920 (6sept2011)... its wise to unwind all trades & wait for a better entry....

good luck guys.....



This post has been edited by nemoexcel: Nov 3 2011, 10:15 PM
azizulego
post Nov 3 2011, 10:42 PM

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QUOTE(nemoexcel @ Nov 2 2011, 11:46 PM)

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
*
Wow... you must be rich, can buy 1 oz of Au with USD4.... wow.... cool...

Spidey13
post Nov 3 2011, 11:30 PM

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Hi all, I already sold my Gold in cimb for the past 2 days.....will be migrating to UOB coz the spread is only RM2 vs cimb RM5.40. Plus the selling price in uob is cheaper.

but will wait till the price ease down a bit....
potenza10
post Nov 3 2011, 11:34 PM

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Not enough money to start with UOB...just with maybank at the moment...hmmmm
echoesian
post Nov 3 2011, 11:57 PM

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QUOTE(potenza10 @ Nov 3 2011, 11:34 PM)
Not enough money to start with UOB...just with maybank at the moment...hmmmm
*
Deposit 1gm of gold with Maybank and stand a chance to win RM10,000 smile.gif
zaizu
post Nov 4 2011, 12:52 AM

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QUOTE(echoesian @ Nov 3 2011, 11:57 PM)
Deposit 1gm of gold with Maybank and stand a chance to win RM10,000 smile.gif
*
save RM 170+ hopefully win RM 10,000
http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions
Irresistible
post Nov 4 2011, 06:24 AM

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QUOTE(zaizu @ Nov 4 2011, 12:52 AM)
Its like kena loteri. hmm.gif
chengcheng
post Nov 4 2011, 10:28 AM

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QUOTE(zaizu @ Nov 4 2011, 12:52 AM)
I agree. Its like ken a lottery.

Is it Halal? Shariah compliant?

hmm.gif



nemoexcel
post Nov 4 2011, 11:19 AM

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QUOTE(chengcheng @ Nov 4 2011, 10:28 AM)


Is it Halal? Shariah compliant?

hmm.gif
*
if they categorise it as Hibah, then its allowed.....
rayng18
post Nov 4 2011, 11:24 AM

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Still holding tight bot with CIMB averaging RM151/g now the rate is 179/174
chengcheng
post Nov 4 2011, 11:43 AM

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QUOTE(nemoexcel @ Nov 4 2011, 11:19 AM)
if they categorise it as Hibah, then its allowed.....
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What is hibah? Not heard before.

Does it mean that if it's classify under hibah, though haram it can be Halal?

It is by luck oso... Shouldn't that be haram?


hmm.gif hmm.gif


Alexdino
post Nov 4 2011, 11:56 AM

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QUOTE(nemoexcel @ Nov 3 2011, 10:13 PM)
I wonder... some of u quote in RM, some gets excited in USD.... i presume u all trade thru local banks.. and those quote in USD jst wanna share that the current live rate is in USD? Correct me if i am wrong, thanks

But does the local bank's rate moves by the minutes? Could it be that while XAU/USD moved wildly (like tonight), but by 2mrw morning when the banks open, XAU/USD already down back to previous rate? Isnt that a "syok sendiri" ?

Tonight itself my profit from closing gold trades already USD87 ....  smile.gif .... tonight's USD1764 is the highest since Sept 23 when gold was diving its way down from USD1920 (6sept2011)... its wise to unwind all trades & wait for a better entry....

good luck guys.....
*
btw, did you see eXTaTine profit within 3 hours at USD2520? your USD87 is just too small brother.. biggrin.gif
Irresistible
post Nov 4 2011, 02:13 PM

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QUOTE(rayng18 @ Nov 4 2011, 11:24 AM)
Still holding tight bot with CIMB averaging RM151/g now the rate is 179/174
*
When u bought it ?
SUSbuysell
post Nov 4 2011, 02:16 PM

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1.00 USD = 3.11904 MYR

PBB Gold Investment Account
Gold Investment Account as at 04/11/11 1:45 PM

1 gram
RM 181.6700 Selling Price
RM 174.4500 Buying Price


rayng18
post Nov 4 2011, 02:25 PM

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QUOTE(Irresistible @ Nov 4 2011, 02:13 PM)
When u bought it ?
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Started to buy in end of march, buy somemore in May and another in Aug then stop coz too high
nemoexcel
post Nov 4 2011, 06:53 PM

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USD's NFP @ 830pm tonight.... possibility of a volatile evening.... enough trading .. call it a day

good luck everybody....
EvOKIdZ
post Nov 5 2011, 12:22 AM

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going to buy some next monday... public holiday? bank got open or not?
jian5481
post Nov 5 2011, 12:38 AM

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Don't think you can buy on Monday. Banks are closed on PH.
chengcheng
post Nov 5 2011, 11:56 AM

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Physical gold price up today.

999 now is RM 208/g.

shocking.gif shocking.gif



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