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

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penanghomes
post Nov 7 2011, 01:19 PM

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how to get kijang emas...everytime i call ask..they say no stock..where to buy..?
spikyz
post Nov 7 2011, 02:07 PM

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pls post related to gold.

anyway, today trend looking healthy for now. hope it can reach back to its 1900 glory
SUSbuysell
post Nov 7 2011, 02:40 PM

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QUOTE(tech_searcher @ Nov 5 2011, 01:18 PM)
noobie here. anyone can  teach me how to invest in GOLD? maybank can? usually will take how long to earn like 1k.  i have 20k to spare..
*
It's difficult to say when you can get 1k, sometimes 1 day also can gain profit that much. All depend on how many grams you buy and the market flow. Do remember you could also loss 1k in day as well.

QUOTE(nemoexcel @ Nov 7 2011, 01:19 PM)
bro, if USD up more, chances are, your Gold will drop. The reason today you are witnessing USD up, Gold up is bcoz Gold accelerates faster than dollar. Most often than not, it doesnt happen that way coz they are both negatively correlated... XAU/USD... fundamentals of trading.
*
I know loh, that's why I said "hope". Anyway, thank for the explanation so other newbie can learn more on the market flow.

This post has been edited by buysell: Nov 7 2011, 03:33 PM
SUSbuysell
post Nov 7 2011, 03:34 PM

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[Wiped] I shouldn't said that out here someone might get jealous cool2.gif

This post has been edited by buysell: Nov 7 2011, 08:22 PM
penanghomes
post Nov 7 2011, 03:40 PM

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QUOTE(buysell @ Nov 7 2011, 04:34 PM)
I brought 405g@RM165(gain), total 450g. Tomorrow going to sell it off and call this a month of profit thumbup.gif Never thought I could make thousand of ringgit so easily in such a short time on my own cool2.gif What a wonderful profit gain!
*
where u buy...paper or physical gold?
potenza10
post Nov 7 2011, 08:40 PM

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QUOTE(iamseng @ Nov 7 2011, 10:59 AM)
Oh ic. Kijang....normally they have ready stock or u have to order 1st? Can u lock in the price even if they dont have ready stock? I plan to buy eirher in alor setar or perlis...so far far away frm kijang home in Kl.
*
u cant lock the price.just go and buy, so based on the price at that moment. I bought from maybank alor star...1/4 oz easy to get.1oz kinda hard.good luck!


Added on November 7, 2011, 8:43 pm
QUOTE(penanghomes @ Nov 7 2011, 01:19 PM)
how to get kijang emas...everytime i call ask..they say no stock..where to buy..?
*

hard to get..its ur luck to get any of it.

This post has been edited by potenza10: Nov 7 2011, 08:43 PM
o0o0
post Nov 7 2011, 09:16 PM

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QUOTE(buysell @ Nov 7 2011, 12:26 PM)
1.00 USD = 3.11150 MYR

Gold price now USD177x/1oz smile.gif nice, hope USD up more so can sell higher tomorrow.
*
So early wanna exist from the market d?
Why?

Now is still no sign of dropping, I think is still safe to keep it first..
iamseng
post Nov 7 2011, 10:19 PM

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thanx potenza...looks like wednesday can go try hunt for some kijangs tongue.gif

Any1 here got experience buying frm nubex.com.my? would really appreciate feedback if u have. thanx a bunch. Cheers! rclxm9.gif

This post has been edited by iamseng: Nov 7 2011, 10:20 PM
mbj78
post Nov 7 2011, 10:42 PM

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Will sell off my MGIA tomorrow.... Tonight it hit USD1779/Oz... hope the price keep remain or increase when ASIA market open tomorrow.
uexpress
post Nov 8 2011, 12:53 AM

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Noobie here,

if i have physic gold in hand can i sell to bank or i need to sell outside before investing into bank scheme??

Which UOB branch serve this investment plan??
max_cavalera
post Nov 8 2011, 01:18 AM

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i think gold is better to hold for long term. i read somewhr from a very experienced and old US Wall street investment analyst that commodity is on the rise rite now and generally stocks will do badly. he predicted the cycle will be ard 13-17 years per cycle. so gold is expected to be good investment right until 2017 or at least 2014. Unless there are newsbreaking or technology breakthru that will reduce the reliability of limited commodity and the change of financial system by the world.


Added on November 8, 2011, 1:23 am
QUOTE(buysell @ Nov 7 2011, 03:40 PM)
It's difficult to say when you can get 1k, sometimes 1 day also can gain profit that much. All depend on how many grams you buy and the market flow. Do remember you could also loss 1k in day as well.
I know loh, that's why I said "hope". Anyway, thank for the explanation so other newbie can learn more on the market flow.
*
ur profit is good smile.gif. but y no hold for long term?

i worked in a bank and my job revolves screening a lot of private banking and high networth customer top call and offer further product under us. I have watched a few hi profile tan sri, dato and even low profile wealthy man hold gold investment account since 2008, 2009 and leave it till dormant (more than 500g-2000g-14000g) and their value rite now is almost double. ihave watched 1 tan sri hold 900++ gram since march 2009 back when the price is only rm110 per gram wif total investment bvalue at that time rm100-102K and now the current value its already rm154k++ in just a space of 2 years and 7 months time. thats spectacular returns...

This post has been edited by max_cavalera: Nov 8 2011, 01:23 AM
mbj78
post Nov 8 2011, 08:07 AM

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QUOTE(penanghomes @ Nov 7 2011, 01:19 PM)
how to get kijang emas...everytime i call ask..they say no stock..where to buy..?
*
I got it from Maybank Alor Star last August.. read my blog post Blog MatKedah.COM and the best is you better call them before go there.. this Maybank Alor Star phone number 04-7313855
prophetjul
post Nov 8 2011, 08:12 AM

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QUOTE(max_cavalera @ Nov 8 2011, 01:18 AM)

i worked in a bank and my job revolves screening a lot of private banking and high networth customer top call and offer further product under us. I have watched a few hi profile tan sri, dato and even low profile wealthy man hold gold investment account since 2008, 2009 and leave it till dormant (more than 500g-2000g-14000g) and their value rite now is almost double.  ihave watched 1 tan sri hold 900++ gram since march 2009 back when the price is only rm110 per gram wif total investment bvalue at that time rm100-102K and now the current value its already rm154k++ in just a space of 2 years and 7 months time. thats spectacular returns...
*
i am no tan, sri, tuk, or anything and since 2002 i hold as much if not more than what you mentioned..... biggrin.gif
Its not about who or what buys gold and hold.
For all you know these geezers may be only holding a drop pf their assets in gold like 2 to 3%.
Doesnt really tell you much....

Points of gold are

a) Why are you buying? - cos some olde geezers who can afford to lose their 10000g of gold has some?
b) Whats driving gold?
c) Whats gold? nod.gif

KNOW what you are getting into.............
cybermaster98
post Nov 8 2011, 08:12 AM

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QUOTE(max_cavalera @ Nov 8 2011, 01:18 AM)

i worked in a bank and my job revolves screening a lot of private banking and high networth customer top call and offer further product under us. I have watched a few hi profile tan sri, dato and even low profile wealthy man hold gold investment account since 2008, 2009 and leave it till dormant (more than 500g-2000g-14000g) and their value rite now is almost double.  ihave watched 1 tan sri hold 900++ gram since march 2009 back when the price is only rm110 per gram wif total investment bvalue at that time rm100-102K and now the current value its already rm154k++ in just a space of 2 years and 7 months time. thats spectacular returns...
Tan Sri but only 900+ grams??? Even i have 450g so that means im half a Tan Sri already? rclxm9.gif
prophetjul
post Nov 8 2011, 08:30 AM

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http://www.prweb.com/releases/prweb2...web8940958.htm



Global Piracy & Counterfeiting Consultants Calls Chinese Counterfeiters Producing Fake Precious Metal Coins a Global Epidemic with Potential Disastrous Consequences
The Global Piracy & Counterfeiting Consultants is calling counterfeit U.S. Silver Dollars, precious metal, coins, or bars, or counterfeit gold coins, a global economic train wreck waiting to happen, courtesy of the Chinese. Ten percent of China's gross domestic product is related to counterfeiting, and the Global Piracy & Counterfeiting Consultants fears the problem is much worse than anyone knows. The group says, "We have read about one Chinese counterfeiter openly bragging about producing 100,000 fake U.S. Silver Dollars per year, and that's just one counterfeiter. At this point, we are telling all investors of gold, or silver coins, and or any type of precious metal bar to only buy from a reputable U.S. dealer, that has an established track record, and a money back guarantee. We fear this Chinese counterfeit gold, or silver coins, or bars, could be a multi billion dollar a year business, and we greatly fear many innocent investors could be taken to the cleaners. Apparently, many of the Chinese counterfeit is of such high quality coin dealers, or experts have to weigh, and use various high tech testing methods to determine if the coin, or precious metal is legitimate." http://GP-CC.Com
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We fear this Chinese counterfeit gold, or silver coins, or bars, could be a multi billion dollar a year business, and we greatly fear many innocent investors could be taken to the cleaners. (PRWEB) November 07, 2011

The Global Piracy & Counterfeiting Consultants is saying, "We fear the Chinese coin, or precious metal counterfeiting industry is pumping out so much product, we are now advising all coin, or precious metal investors, or collectors to stay away from Internet auction web sites, flea markets, estate sales, and only deal with reputable coin, or precious metal dealers, that have been in business for at least a decade, and dealers that specifically offer a money back guarantee for their products." The group says, "Based on our research some of the Chinese counterfeit coins, are of such high quality, it is not uncommon for even experts to be deceived. We think its smart for every investor to have gold, or silver, our big worry is pretty simple, what if they invest 10%, or 20% of their net worth in what are counterfeit precious metal coins, that are basically worthless? We would call this a disaster for the investor, and out big fear is there are probably tens of thousands of investors in the United States, who have been duped. Even worse, once again for all intents, and purposes the U.S. Federal Government is a no show-once again." http://GP-CC.Com

Global Piracy & Counterfeiting Consultants says, "The world needs to come to grips with the largest counterfeiter in the world, the fact that 10% of China's GDP is a direct result of counterfeiting. If it's not knock off pharmaceuticals, that can kill people, it's high tech smart phones, or electronics. Our new worry is pretty obvious related to Chinese counterfeiters bankrupting innocent precious metal, or coin investors, with what could be their life savings. At what point do consumers in the United States, Europe, Japan, or the rest of the world say no thanks to any more Chinese products, given its uncaring attitude about flooding the global markets with counterfeits, or fakes?" http://GP-CC.com


Irresistible
post Nov 8 2011, 10:04 AM

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Comex Gold Higher On Safe-Haven Demand As Italy Now In The EU Debt Crisis Spotlight.

evalongoria
post Nov 8 2011, 10:51 AM

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Hi sifus,

If I want to invest in gold, should I buy the physical gold from bank or invest in gold investment account? What are the pros and cons?
keii-kun
post Nov 8 2011, 11:07 AM

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@eva and others,
read page 1.

@prophetjul, wow, a reminder to be careful on a too good to be true deals
hackwire
post Nov 8 2011, 12:30 PM

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i just want to buy 100gm of gold. what is the market rate . im kinda newbie here. how to buy according to rate? will there be any charges or the rate of it is the amount u pay?
gahpadu
post Nov 8 2011, 12:42 PM

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going to invest 50g in UOBGIA...this is my first gold investment..

it much be better if UOB offer online trade same as others bank like MBB

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