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

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mbj78
post Sep 5 2011, 01:38 PM

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We MUST READ THIS "WHEN SHOULD YOU SELL YOUR GOLD???"
prophetjul
post Sep 5 2011, 01:53 PM

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QUOTE(mbj78 @ Sep 5 2011, 01:38 PM)
QUOTE
If you study the 30 day history of gold on the market, available here, you will note two distinct patterns – one, that gold has made huge gains in the past 30 days, and two, that the price has often bottomed out in a matter of days or even hours


What rubbish is this? Bottom out in matter of days and hours? Look at the chart for past year.......
Then he tells you to sell? How to sell when it bottoms and swings upwards so fast??????
He contradicts himself!



Its obvious this idiot conman is trying to get you to sell yer gold to him/her



QUOTE
The most convenient and easy way to sell your gold is through an online gold broker. Using an online gold broker to get cash for your gold eliminates the need to search for a reputable local gold broker, which may be difficult to find in smaller markets and rural areas, while also saving you time and money.

Selling your gold to an online broker is a safe, secure method of getting cash for gold while the value of gold is still high. It’s as simple as contacting the gold broker, requesting a gold kit, and dropping the insured mailer in your mailbox. The gold broker will then give you an appraisal for your items, and if you decide to sell, the broker will then make payment for your gold.




isone
post Sep 5 2011, 01:55 PM

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hi all, just check in smile.gif

Just curious, what drive u guys to make decision on when to buy/sell gold?

can anyone recommend any books to read about gold investment / gold tech analysis?
mbj78
post Sep 5 2011, 02:00 PM

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QUOTE(prophetjul @ Sep 5 2011, 01:53 PM)
What rubbish is this? Bottom out in matter of days and hours?  Look at the chart for past year.......
Then he tells you to sell? How to sell when it bottoms and swings upwards so fast?????? 
He contradicts himself!
Its obvious this idiot conman is trying to get you to sell yer gold to him/her
*
Prophetjul,
Don't angry with me, i just copy from the GOLD NEWS.. (Only the info we must read and to study) Not to follow it all...

This post has been edited by mbj78: Sep 5 2011, 02:01 PM
prophetjul
post Sep 5 2011, 02:03 PM

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QUOTE(mbj78 @ Sep 5 2011, 02:00 PM)
Prophetjul,
Don't angry with me, i just copy from the GOLD NEWS.. (Only the info we must read and to study) Not to follow it all...
*
No ler....i am just commenting on the writeup........ its rubbish info IMO

IMO hes luring people to sell their jewellery most probably at cheap rates.........
smokymcpot
post Sep 5 2011, 02:19 PM

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Would you guys get a 1/10 oz. maple for rm687 or a public dinar for rm816. Dinar is 916 and maple is 9999. Please do tell me why also. Thanks

This post has been edited by smokymcpot: Sep 5 2011, 02:21 PM
ericwen
post Sep 5 2011, 02:26 PM

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hi everyone,

i bought some gold i think very small arund 12mg or 13mg at maybank passport account thing ...

just wonder, should i keep that for few years (assume i don't buy more than that) and sell later ... or i should monitor the gold market and sell when it goes high? how does it work?

and lastly, should i buy gold every month? more like force savings thing? now maybanks allows me to but 1 mg, so more affordable though smile.gif but maybank rate is a bit expensive than pb and cimb bank sad.gif

any help? thanks.
Nidz
post Sep 5 2011, 03:09 PM

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QUOTE(ericwen @ Sep 5 2011, 02:26 PM)
hi everyone,

i bought some gold i think very small arund 12mg or 13mg at maybank passport account thing ...

just wonder, should i keep that for few years (assume i don't buy more than that) and sell later ... or i should monitor the gold market and sell when it goes high? how does it work?

and lastly, should i buy gold every month? more like force savings thing? now maybanks allows me to but 1 mg, so more affordable though smile.gif but maybank rate is a bit expensive than pb and cimb bank sad.gif

any help? thanks.
*
its miligram or gram?? sweat.gif
anyway, its up to u. if u hav extra money, why not keep buying every month and sell after 2-3 years or even 5-10 years?
zaizu
post Sep 5 2011, 03:18 PM

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QUOTE(smokymcpot @ Sep 5 2011, 02:19 PM)
Would you guys get a 1/10 oz. maple for rm687 or a public dinar for rm816. Dinar is 916 and maple is 9999. Please do tell me why also. Thanks
*
my two cents opinion

i would buy maple as it is a recognised brand which is tradeable worldwide very easily as compared to public dinar which is more for muslims

also maple is 999 - almost perfect and dinar is 916 only

also the difference in weight as maple is 1/10 oz and the dinar is 4.25 grams - so you got to check out the weights of these items

alwaysy remember compare apple to apple and orange to orange - BUT remember there are many many varieties of each

to find out more public dinar
http://www.publicdinar.com/content/view/48/53/lang,english/

if you want local gold - SriAyu is amongst the cheapest - well if u compare on a the website prices of WE SELL per gram -

http://www.sriayu.com/v2/

http://www.publicgold.com.my/

http://www.goldcrestpavilion.net/gcp/kami_jual.php

i am an agent of SriAyu - disclosure
BUT when you are buying gold u would want to buy the cheapest possible - right and what i am sharing with u is on the websites and therefore it is only accessible to anyone and there are no hidden costs


keii-kun
post Sep 5 2011, 03:21 PM

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QUOTE(smokymcpot @ Sep 5 2011, 02:19 PM)
Would you guys get a 1/10 oz. maple for rm687 or a public dinar for rm816. Dinar is 916 and maple is 9999. Please do tell me why also. Thanks
*
maple. should be around 3.1gm of pure 24k 999.9 gold
1st - it is recognized by LBMA (mentioned by goldchan).
2nd - if it is from uob - better (can go ar-rahnu bank rakyat during hard times) wink.gif



smokymcpot
post Sep 5 2011, 03:31 PM

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Okay. Thanks guys for the input. Anyone here selling with receipt? I am still below 18, cannot go uob and get. tongue.gif
80toyshop
post Sep 5 2011, 03:43 PM

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can ask your relatives or friend buy for u lor.

QUOTE(smokymcpot @ Sep 5 2011, 03:31 PM)
Okay. Thanks guys for the input. Anyone here selling with receipt? I am still below 18, cannot go uob and get. tongue.gif
*
trencher10
post Sep 5 2011, 03:46 PM

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QUOTE(prophetjul @ Sep 5 2011, 02:03 PM)
No ler....i am just commenting on the writeup........ its rubbish info IMO

IMO hes luring people to sell their jewellery most probably at cheap rates.........
*
Well, I know for a fact when there's those stalls of Cash4Gold, fiat money is on the runs ... only very financially unwise people are unloading personal gold for small gains.


Added on September 5, 2011, 3:48 pm
QUOTE(prophetjul @ Sep 5 2011, 11:40 AM)
Yes

thats what they told me. i guess they have some testing equipment.

If they refuse them i will bring them to bank negara!   biggrin.gif
*
The bank or the Kijang you want to haul? Which one get better compensation? Lawsuit or on-the-spot exchange? biggrin.gif


Added on September 5, 2011, 3:51 pm
QUOTE(PatEagle @ Sep 5 2011, 11:51 AM)


Added on September 5, 2011, 12:01 pm
Oh yes, I think so too. Read this..

Wikileaks China buying gold memo set to push gold prices higher
We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. Full story, http://bit.ly/pqCKdW

hmm.gif
*
So much for Mahathir's Gold Dinar idea gone to waste ... while BNists and UMNOists once chewed out Kelantan's gold dinar as spurious economic value.

This post has been edited by trencher10: Sep 5 2011, 03:51 PM
prophetjul
post Sep 5 2011, 04:21 PM

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QUOTE(trencher10 @ Sep 5 2011, 03:46 PM)
Well, I know for a fact when there's those stalls of Cash4Gold, fiat money is on the runs ... only very financially unwise people are unloading personal gold for small gains.


Added on September 5, 2011, 3:48 pm

The bank or the Kijang you want to haul? Which one get better compensation? Lawsuit or on-the-spot exchange?  biggrin.gif

[


yes....there are lotsa fast snakes who are gunnning for those hapless ones............ mad.gif

BOTH.... biggrin.gif

Last time i made big hohaah to BNegara about Maybank raising their kijang premiums from 3.4% to 6%......

seemed to work! biggrin.gif
keii-kun
post Sep 5 2011, 04:41 PM

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QUOTE(smokymcpot @ Sep 5 2011, 03:31 PM)
Okay. Thanks guys for the input. Anyone here selling with receipt? I am still below 18, cannot go uob and get. tongue.gif
*
do note that you can't sell back uob maple/nugget if the receipt is not your name. only the owner can sell back to UOB.

so, decide carefully if you plan to buy one, if the difference than buying new is significant.
Nidz
post Sep 5 2011, 04:46 PM

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QUOTE(smokymcpot @ Sep 5 2011, 03:31 PM)
Okay. Thanks guys for the input. Anyone here selling with receipt? I am still below 18, cannot go uob and get. tongue.gif
*
u also can try buying from 1stopgold. but they only sell pamp bars, not nuggets/maples...
but still, the pamp bars got certificate and all, and u can sell back to them at a 10% discount IINM... smile.gif
keii-kun
post Sep 5 2011, 04:50 PM

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QUOTE(smokymcpot @ Sep 5 2011, 03:31 PM)
Okay. Thanks guys for the input. Anyone here selling with receipt? I am still below 18, cannot go uob and get. tongue.gif
*
do note that you can't sell back uob maple/nugget if the receipt is not your name. only the owner can sell back to UOB.

so, decide carefully if you plan to buy one, if the difference than buying new is significant.
kobEj0rdan~
post Sep 5 2011, 04:54 PM

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QUOTE(keii-kun @ Sep 5 2011, 04:50 PM)
do note that you can't sell back uob maple/nugget if the receipt is not your name. only the owner can sell back to UOB.

so, decide carefully if you plan to buy one, if the difference than buying new is significant.
*
but, he can sell uob maple/nugget to any person who are willing to buy those:) i believe any gold trader would accept that.
keii-kun
post Sep 5 2011, 04:59 PM

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yes, you are correct, but as mentioned, if the price difference from uob is significant. uob is around 3~4% spread while other trader is much more than that smile.gif

but....any saving in form of physical gold is goooood tongue.gif
orangutan
post Sep 5 2011, 05:15 PM

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QUOTE(keii-kun @ Sep 5 2011, 04:50 PM)
do note that you can't sell back uob maple/nugget if the receipt is not your name. only the owner can sell back to UOB.

so, decide carefully if you plan to buy one, if the difference than buying new is significant.
*
Thanks! notworthy.gif



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