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

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lustman
post Nov 8 2011, 01:11 PM

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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..?
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which branch did u call? i think in klang valley 1oz and 1/2oz out of stock. only 1/4oz left.


jian5481
post Nov 8 2011, 01:15 PM

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QUOTE(gahpadu @ Nov 8 2011, 12:42 PM)
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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MBB doesn't have online trading for gold as well. Only PB has it, for now
hackwire
post Nov 8 2011, 01:45 PM

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where to get this australian maple gold?
SUSbuysell
post Nov 8 2011, 02:14 PM

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QUOTE(max_cavalera @ Nov 8 2011, 01:18 AM)
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
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...
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Nah, want to go holiday this month so withdraw my first virgin profit 6k out from gold investment to enjoy my free trip then wait for it to drop a little bit then only buy again. smile.gif

This post has been edited by buysell: Nov 8 2011, 02:18 PM
penanghomes
post Nov 8 2011, 02:23 PM

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QUOTE(buysell @ Nov 8 2011, 03:14 PM)
Nah, want to go holiday this month so withdraw my first virgin profit 6k out from gold investment to enjoy my free trip then wait for it to drop a little bit then only buy again. smile.gif
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wow..great...can u please tell me..u buy the gold from where?
Irresistible
post Nov 8 2011, 03:07 PM

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QUOTE(buysell @ Nov 8 2011, 02:14 PM)
Nah, want to go holiday this month so withdraw my first virgin profit 6k out from gold investment to enjoy my free trip then wait for it to drop a little bit then only buy again. smile.gif
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Wow, u earn 6K. I guess u are investing 60K or more previously ?
SUSbuysell
post Nov 8 2011, 03:33 PM

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QUOTE(penanghomes @ Nov 8 2011, 02:23 PM)
wow..great...can u please tell me..u buy the gold from where?
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PBB & UOB

QUOTE(Irresistible @ Nov 8 2011, 03:07 PM)
Wow, u earn 6K.  I guess u are investing 60K or more previously ?
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How you know?! sold 405g@177.66/1g this morning still got 45g inside waiting for the right time to invest more. 60K is no big deal small player, there is a lot of big player here not saying anything.

This post has been edited by buysell: Nov 8 2011, 03:43 PM
uexpress
post Nov 8 2011, 03:47 PM

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@buysell, as a UOB client can you kindly answer my below question?? Or i need to call them direct??

TIA

QUOTE(uexpress @ Nov 8 2011, 12:53 AM)
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??
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keii-kun
post Nov 8 2011, 03:57 PM

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@uexpress, u have to sell outside. uob only buys back gold that they sold.
SUSbuysell
post Nov 8 2011, 04:04 PM

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QUOTE(keii-kun @ Nov 8 2011, 03:57 PM)
@uexpress, u have to sell outside. uob only buys back gold that they sold.
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rolleyes.gif +1 you will need your official receipt as well.

This post has been edited by buysell: Nov 8 2011, 04:08 PM
uexpress
post Nov 8 2011, 04:10 PM

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Ok noted,
I do have all document. Can you sifus recommend me trusted place to sell my gold??

TIA
keii-kun
post Nov 8 2011, 04:40 PM

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QUOTE(uexpress @ Nov 8 2011, 04:10 PM)
Ok noted,
I do have all document. Can you sifus recommend me trusted place to sell my gold??

TIA
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trusted or worth selling to, (not in order, random)
- mysmartgold
- nubex
- 1stopgold
- gcp
- oneau

or share here what u have maybe got between us here can afford to buy from u laugh.gif
tech_searcher
post Nov 8 2011, 05:12 PM

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QUOTE(keii-kun @ Nov 8 2011, 04:40 PM)
trusted or worth selling to, (not in order, random)
- mysmartgold
- nubex
- 1stopgold
- gcp
- oneau

or share here what u have maybe got between us here can afford to buy from u laugh.gif
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Izit all this website selling and buyin rates or they have better services compare to those banks gold investment? like maybank, publicbank cimb and etc??
iamseng
post Nov 8 2011, 05:23 PM

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Hi keli kun. The websites that u recommended....r they reliable to purchase gold from also?
mbj78
post Nov 8 2011, 05:56 PM

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Okay guy... this is next projection... I got it from other forum side.. rclxms.gif

user posted image
gahpadu
post Nov 8 2011, 06:40 PM

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QUOTE(jian5481 @ Nov 8 2011, 01:15 PM)
MBB doesn't have online trading for gold as well. Only PB has it, for now
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my next stop surely PB...
uexpress
post Nov 8 2011, 06:52 PM

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QUOTE(keii-kun @ Nov 8 2011, 04:40 PM)
trusted or worth selling to, (not in order, random)
- mysmartgold
- nubex
- 1stopgold
- gcp
- oneau

or share here what u have maybe got between us here can afford to buy from u laugh.gif
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Hahaha sure... i bought at that time was 1600/ounce end Sept and now 17++/ounce.
Is in 1kg bar which 999.9 from indonesia Logam Mulia. I was in Indonesia for meeting so i heard some news spread said gold price drop so i went to a goldcos in indonesia "supplier/refining gold" and i bought it at Rp470,000/gram = RM165

It was so weird that some of them is selling and some of rich ppl buying... ppl who sell scare the price will continue drop but hey is different story now...maybe im lucky or what hahaha..

And till now my profit margin said ard RM10k gua if i sell off...
Here how the gold look like

And sorry for my poor english....

» Click to show Spoiler - click again to hide... «

PS picture is taken from goggle search.

This post has been edited by uexpress: Nov 8 2011, 06:58 PM
keii-kun
post Nov 8 2011, 09:37 PM

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haha kilo ah, i guess u can try nubex or smartgold. cannot afford la small fries. smartgold buying 999.9 @
176.79 /gn
uexpress
post Nov 9 2011, 01:45 AM

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Now gold price at 1800/ounce will keep for couple a week 1st hehe.....
ronnie
post Nov 9 2011, 09:37 AM

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I was thinking of converting those Gold Jewellery (916) to cash.
1. How to convert jewellery to cash ?
2. Should I be buying physical gold or put in Gold Savings Account ?

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