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

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smokymcpot
post Sep 7 2011, 12:16 AM

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Which should I get and which would be easier to sell? 1/10oz kangaroo for rm677, 2.5g emirates for rm513 or get a 2.5g pamp for rm615. Some advice please. Let's say the coin I am getting from a third party with no buy back services.
pisces88
post Sep 7 2011, 01:13 AM

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newbie here, which bank is best recommended for paper gold investment?
hongchai888
post Sep 7 2011, 07:46 AM

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QUOTE(pisces88 @ Sep 7 2011, 01:13 AM)
newbie here, which bank is best recommended for paper gold investment?
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UOB perhaps, they buy back with higher rates

This post has been edited by hongchai888: Sep 7 2011, 07:46 AM
cybermaster98
post Sep 7 2011, 07:53 AM

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Investors who were putting their money in Swiss Francs were badly hit. So most of them would have pulled put but didnt go into stocks or gold which probably led to gold dropping in tandem with stocks. But wait for the European stock markets to open later in the afternoon before we can gauge the true impact of the Swiss Franc peg. Gold currently trading at US$1,877 now. We should see a price of about RM 182/g on Maybank this morning.
prophetjul
post Sep 7 2011, 08:00 AM

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QUOTE(cybermaster98 @ Sep 7 2011, 07:53 AM)
Investors who were putting their money in Swiss Francs were badly hit. So most of them would have pulled put but didnt go into stocks or gold which probably led to gold dropping in tandem with stocks. But wait for the European stock markets to open later in the afternoon before we can gauge the true impact of the Swiss Franc peg. Gold currently trading at US$1,877 now. We should see a price of about RM 182/g on Maybank this morning.
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There were TWO safe havens......Swiss Francs and Gold..............now theres one left
hongchai888
post Sep 7 2011, 09:22 AM

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QUOTE(prophetjul @ Sep 7 2011, 08:00 AM)
There were TWO safe havens......Swiss Francs and Gold..............now theres one left
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Maybe no one left after Europe market open today, who know
noobandroid
post Sep 7 2011, 09:31 AM

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QUOTE(hongchai888 @ Sep 7 2011, 09:22 AM)
Maybe no one left after Europe market open today, who know
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chance to buy gold as gold price goes down hill for a while
cybermaster98
post Sep 7 2011, 09:33 AM

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QUOTE(hongchai888 @ Sep 7 2011, 09:22 AM)
Maybe no one left after Europe market open today, who know
Gold will always be there unless there is a total collapse of world markets. Gold now trading at US$1,871 and about RM 183.91 (Maybank).
noobandroid
post Sep 7 2011, 09:39 AM

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QUOTE(cybermaster98 @ Sep 7 2011, 09:33 AM)
Gold will always be there unless there is a total collapse of world markets. Gold now trading at US$1,871 and about RM 183.91 (Maybank).
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good time to buy right? yesterday counter rate was near 187
xproc
post Sep 7 2011, 09:55 AM

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QUOTE(noobandroid @ Sep 7 2011, 09:39 AM)
good time to buy right? yesterday counter rate was near 187
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due to 2nd correction and swiss franc right? hmm.gif hmm.gif
noobandroid
post Sep 7 2011, 09:58 AM

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QUOTE(xproc @ Sep 7 2011, 09:55 AM)
due to 2nd correction and swiss franc right? hmm.gif  hmm.gif
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thats why im waiting for an answer, go or no go
bigwolf
post Sep 7 2011, 10:21 AM

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I'll be slowly accumulating paper gold these few days. Not much la, a few grams at a time brows.gif
junhaussen
post Sep 7 2011, 10:29 AM

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QUOTE(noobandroid @ Sep 7 2011, 09:58 AM)
thats why im waiting for an answer, go or no go
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gold price falls after 2 weeks of bullish... but how much lower it will go?
hongchai888
post Sep 7 2011, 10:42 AM

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QUOTE(noobandroid @ Sep 7 2011, 09:58 AM)
thats why im waiting for an answer, go or no go
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That a tricky answer that have to be found by yourself. Rates for UOB today 181.60, tomorrow maybe 17+ or 19+. No one know.

But I smell something coming soon
fahrur_07
post Sep 7 2011, 11:44 AM

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QUOTE(pisces88 @ Sep 7 2011, 01:13 AM)
newbie here, which bank is best recommended for paper gold investment?
*
the best is uob,lowest spread
pb has advantage of online transaction
monsta2011
post Sep 7 2011, 12:40 PM

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$1843 rclxms.gif Little bullish balloon always bursts after a quick hike.

This post has been edited by monsta2011: Sep 7 2011, 12:41 PM
mrBuLuKoreK
post Sep 7 2011, 12:51 PM

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nice thread over here, I kind of late to starts invest. but will do it since last week follow my brother buying his wedding ring and shocked on gold price that time. Anyway, the available option 4 me to invest is only to use PBB since i m now in Betong, Sarawak. the nearest UOB is 300km away compared to PBB (70km) and they offer online transaction oso. Btw apart from banks, are there any trusted third party organisation whom selling physical gold?
hongchai888
post Sep 7 2011, 01:25 PM

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QUOTE(monsta2011 @ Sep 7 2011, 12:40 PM)
$1843 rclxms.gif Little bullish balloon always bursts after a quick hike.
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Gentleman, start your engine
noobandroid
post Sep 7 2011, 01:30 PM

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QUOTE(hongchai888 @ Sep 7 2011, 01:25 PM)
Gentleman, start your engine
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got my first 2 grams to play with tongue.gif rclxms.gif


Added on September 7, 2011, 1:30 pmat mbb RM180 per gram

This post has been edited by noobandroid: Sep 7 2011, 01:30 PM
kevyeoh
post Sep 7 2011, 01:31 PM

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now price drop again...


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