can consider cimb/pbb, both with min 10g, spread better than MBB.

http://www.pbebank.com/en/en_content/perso...ments/gold.html

http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank

The trend is so unstable at the moment. Is there going to be another dip anytime soon?

u can buy 1g to open an gold investment account at Maybank.. but spread price higher than UOB

hmmm.. u need to see few things 1st:

1) how much cash u have for this gold investment? if u have RM3706 go UOB as has lowest spread price (UOB current selling price RM185.30, min investment 20g = RM3706), if u have RM1888.40 (Public Bank current selling price RM188.40) then u can go Public Bank, if u have only few hundreds then go Maybank ^^
2) u wan fast in fast out (short term investment)? (but honestly gold is a long term investment, once u invest better let it grow)? if for longer investment better go UOB due to its spread price
3) convenient = Public Bank can trade online anywhere during bank operation hours as long as u have public bank online banking (and public bank offer special price ie lower selling price if u trade / buy online), UOB & Maybank u need to go their branch to buy and sell
4) trustworthy of the trader = better go bank to invest gold as more trustworthy or to those well established one

above just my 0.02 cents im not that pro in gold investment too just learning from the pro here

MERCY MERCYYYYYYYYYYYY GOING DOWN!

yes! yes! time to buy!!!!

seems steady at 188x lol

really steep curve at kitco. somebody sells alot. I was hoping a drop somemore.

ya, see also scare....

but i see the buy/sell at banks din change that much, still at rm187 for mbb, how do we speculate the best time to buy/sell if like that

bought yesterday at KFH. 10gram for now. no more bullet to buy more. bcoz i invest in silver as well. and now they launching the lunar dragon series.. sigh money money money!

i doubt the price tag at banks' website is going live though.... if yes, that's very good for PBB..
i am on MBB

edit :
good news, going back up... somebody playing with the market, beware...

This post has been edited by NeoXeroX: Sep 6 2011, 04:38 PM

Its a Deep V, it went up to 1900 again LOLZZ

heheee hope that all of you guys can get more and more~

Thank again.

cant hold the 1900... confidence level not high leh... some1 just took their profit...

when will the price up till 1950? It keep up and down between 1850-1900, feel no point to buy now.

What you are saying is that if it's at 1950 then only got point to buy? O.o

i don't get what you mean too leh... 1950 only buy? o.O

Guys,

Please read through all posts (especially the recent ones) to get an idea about how gold behaves. Many of the questions here have been asked numerous times. Its pointless asking the same questions over n over again. So im going to say this once for all newbies here.

Gold currently is on a major thrust upwards. But when there is a drastic rise (more than US$50 in a short timeframe), there will always be profit taking. This results in prices dropping until a lower barrier. Once prices are low enough, then the buyers move in with their purchases which in turn raises the gold price further. With the additional bad news coming out of US & Europe, this upper barrier for gold is raised further just like what happened today when gold prices reached US$1,920. Based on what's happening in US & Europe, there are good indications that gold will reach US$2,000-2,500 in the next 6 months unless the US recovers.

People generally will buy gold at the dips and some will sell when gold hits a high price. But i would always recommend buying at dips and not selling the gold u have when prices increase just to make short term profits. Gold is supposed to be a long term investment (physical and GIA investment).

So hope my brief explanation above will help answer questions like 'When is the best time to buy'. Gold is currently trading at US$1,895. Lets see how gold performs when US markets open in 3 hours time.

(p/s Can i suggest that we refrain from making comments that are not beneficial to the general discussion? Comments like 'hope you guys make alot of money', etc only serve to lengthen the thread. It makes it difficult for newbies to make reference to previous posts as they have to scroll through numerous pages.)

Thanks!

This post has been edited by cybermaster98: Sep 6 2011, 06:00 PM

Most probably London side are pushing the price down to spook the speculators so that when NYSE opens, the bloodbath wont be so bad and less ppl want to jump onto the gold wagon. So far looks like they're not doing a good job

Just be patient and wait for a few more hours for NYSE open

Edit: Correction, not London, its the Swiss pegging their currency to 1.20 of Euro and causing all the dips

This post has been edited by bigwolf: Sep 6 2011, 07:02 PM