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

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smokymcpot
post Sep 6 2011, 06:18 AM

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QUOTE(tothebest @ Sep 6 2011, 12:19 AM)
anyone wanna buy my 1/4 & 1/10 mable leaf for total of RM 2200.pls pm me,thanks
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Have PM-ed you.
prophetjul
post Sep 6 2011, 07:30 AM

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QUOTE(zaizu @ Sep 5 2011, 11:27 PM)
my two cents opinion


as only those who have physical gold would enjoy the maximum benefit of the price increase

GOLD is GOD's money will never lose - ONLY PROFITt


i am invested in both physical and paper gold.
AND i am making profit on both.

What are you using to buy yer groceries? biggrin.gif
GoldChan
post Sep 6 2011, 08:33 AM

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QUOTE(FrancescoTop8 @ Sep 5 2011, 06:31 PM)
Sadly, most of the information about the lelong event artificially disclosed, a bit like close tender.
Even my friend, a bank officer in AgroBank doesn`t know about the lelong organized by his employer  brows.gif
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dun waste your time . It's a private arrangement between themselves.



prophetjul
post Sep 6 2011, 08:38 AM

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QUOTE(GoldChan @ Sep 6 2011, 08:33 AM)
dun waste your time . It's a private arrangement between themselves.
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Should let MACC know.............
chunyen2020
post Sep 6 2011, 09:21 AM

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QUOTE(hongchai888 @ Sep 5 2011, 10:36 PM)
Well I give up on this. The price keep raising like siao. Better invest on unit trust.
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You'll start to regret and bang yourself on the wall if the price were to shoot up to USD 20K per oz.
Nidz
post Sep 6 2011, 09:29 AM

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today can see whether it'll break $1900 barrier...
its getting more and more expensive...
DeaDLocK
post Sep 6 2011, 09:59 AM

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QUOTE(chengcheng @ Sep 5 2011, 11:07 PM)
So frustrating... Gold price seems to have problems breaking the $1900 mark..

Relax... the last time it crossed over $1900 it instantly came crashing down again. Now it is hovering around $1900 quite steadily - sure cross the mark.

When it hits $2000 it will also probably come down again very fast to $18XX, and then rise slowly to go over $2000. I'm planning to exit at $2000 and go back in at $18XX - we'll see how well my plan works!



xproc
post Sep 6 2011, 10:24 AM

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QUOTE(DeaDLocK @ Sep 6 2011, 09:59 AM)
Relax... the last time it crossed over $1900 it instantly came crashing down again. Now it is hovering around $1900 quite steadily - sure cross the mark.

When it hits $2000 it will also probably come down again very fast to $18XX, and then rise slowly to go over $2000. I'm planning to exit at $2000 and go back in at $18XX - we'll see how well my plan works!
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hope this time stand firm enough on the 1900 ground
cybermaster98
post Sep 6 2011, 12:09 PM

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QUOTE(DeaDLocK @ Sep 6 2011, 09:59 AM)
Relax... the last time it crossed over $1900 it instantly came crashing down again. Now it is hovering around $1900 quite steadily - sure cross the mark.

When it hits $2000 it will also probably come down again very fast to $18XX, and then rise slowly to go over $2000. I'm planning to exit at $2000 and go back in at $18XX - we'll see how well my plan works!
Gold now trading at US1,910. The reason it drops after a good rise is due to profit taking.

But the idea about selling at high prices and buying again at the low is not good. You should keep buying at every dip and not sell when it rises because the general trend of gold is still up. So even with the intermediate dips, the overall gold price is going up. Selling at some rises is merely limiting your overall earnings.

This post has been edited by cybermaster98: Sep 6 2011, 12:12 PM
hurly
post Sep 6 2011, 12:10 PM

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I am new small time gold investor. Bought my gold around 170ish. Just asking, if I want to topup, should I enter now? The price is ridiculously high. I am holding it for a few years hopefully.

The question is: when should I enter? Anyone has tips?
cybermaster98
post Sep 6 2011, 12:14 PM

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QUOTE(hurly @ Sep 6 2011, 12:10 PM)
I am new small time gold investor. Bought my gold around 170ish. Just asking, if I want to topup, should I enter now? The price is ridiculously high. I am holding it for a few years hopefully.

The question is: when should I enter? Anyone has tips?
I think the first question you should ask is 'Is the price high now or not?' The same people who said the prices at RM 131/g in May 2010 are too high also saying the prices at RM 186/g now are too high.

The general trend of gold is up. And i think if the economy remains this bad or gets worse, there's every possibility that gold will hit US2,500-3,000 within the next 6-8 months.
trencher10
post Sep 6 2011, 12:28 PM

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For the new investors, they need to understand moving averages if they are to know when they want to buy gold at the prices they'd like. By averaging gold spot price over either a short-,medium-,long-term averages of days, you'd be able to see where gold price dips are to your purchase points.
hurly
post Sep 6 2011, 12:30 PM

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QUOTE(trencher10 @ Sep 6 2011, 12:28 PM)
For the new investors, they need to understand moving averages if they are to know when they want to buy gold at the prices they'd like. By averaging gold spot price over either a short-,medium-,long-term averages of days, you'd be able to see where gold price dips are to your purchase points.
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tell me more. links? or anything relevant to google.
json93
post Sep 6 2011, 12:59 PM

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wow gold price is going up like crazy....
kueyteowlou
post Sep 6 2011, 01:17 PM

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going up @ 1910 .. around that area now..

thinking to sell off and go for UOB unsure.gif
kevyeoh
post Sep 6 2011, 01:25 PM

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go go go !
1950 looks way very possible now...

chengcheng
post Sep 6 2011, 01:26 PM

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Wow! Hope it doesn't go up too fast; slow and steady is better...

Building up... and crossing the $ 1900 mark... smoothly....

Fgjam just increase pure gold price to RM 216 per gram.


rclxms.gif rclxms.gif rclxms.gif


anvil88
post Sep 6 2011, 01:29 PM

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anyone got any opinion with public bank services??
thinking to go and open gi acc over there, anyone?
Alexdino
post Sep 6 2011, 01:35 PM

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any report for any drops in the future? lol.. might wan to pump in some..
kueyteowlou
post Sep 6 2011, 01:35 PM

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QUOTE(chengcheng @ Sep 6 2011, 01:26 PM)
Wow! Hope it doesn't go up too fast; slow and steady is better...

Building up... and crossing the $ 1900 mark... smoothly....

Fgjam just increase pure gold price to RM 216 per gram.
rclxms.gif  rclxms.gif  rclxms.gif
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nod.gif this is what i hope too... stable and smoothly.. steady icon_rolleyes.gif

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