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Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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Nidz
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 Sep 7 2011, 11:27 PM
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QUOTE(mrBuLuKoreK @ Sep 7 2011, 11:25 PM) Guys, I suppose every bank has their minimum balance in their passbook account, exp(maybank 2gm, UOB, 10gm, etc). Let say Im in emergency and need to withdraw all my gold in the account and exceeding their minimum balance. do we still get our full amount of money. or they will eat our minimum balance?coz my friend says that let say UOB have 10gm minimum balance and we r going to close our account. they will eat up all 10gm of our gold as the result?? i dont think so. IMO, lets say u hav 15gm in uob and u wanna withdraw 10gm. they wont allow it, unless u withdraw all 15gm and close account with them. later, if u want to invest, u hav to open new account all over again.  |
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bigwolf
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Sep 7 2011, 11:33 PM
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Getting Started
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You can maintain 0gm in UOB. I did that and few days later buy in again no problem. If your GIA is less than 10gm the bank will only charge you RM5 maintenance fees per month Edit: ooppsss sorry some wrong info. They will charge RM2 per month, not RM5 http://www1.uob.com.my/assets/pdf/business...e_Sheet_GSA.pdfThis post has been edited by bigwolf: Sep 7 2011, 11:35 PM |
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Sh@rty 5
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Sep 7 2011, 11:49 PM
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Getting Started
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edited
This post has been edited by Sh@rty 5: Sep 8 2011, 01:13 AM
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NeoXeroX
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Sep 7 2011, 11:56 PM
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QUOTE(mrBuLuKoreK @ Sep 7 2011, 11:25 PM) Guys, I suppose every bank has their minimum balance in their passbook account, exp(maybank 2gm, UOB, 10gm, etc). Let say Im in emergency and need to withdraw all my gold in the account and exceeding their minimum balance. do we still get our full amount of money. or they will eat our minimum balance?coz my friend says that let say UOB have 10gm minimum balance and we r going to close our account. they will eat up all 10gm of our gold as the result?? that day i ask when opening my gold account(maybank), minimum to keep in account is 1gm.  SourceQUOTE(chengcheng @ Sep 7 2011, 11:48 PM)  OMG!!! Gold is dropping like shit....  time to restock your bullet  |
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hongchai888
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Sep 8 2011, 12:16 AM
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QUOTE(chengcheng @ Sep 7 2011, 11:48 PM) OMG!!! Gold is dropping like shit.... Where got, just now lowest 1796, now already up a bit. |
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kueyteowlou
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Sep 8 2011, 12:21 AM
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QUOTE(FrancescoTop8 @ Sep 7 2011, 11:08 PM) Good luck with your stocks too, because i have a feeling that QE3 are coming In current economy situation, everything is risky & unpredictable . Who could expect Swiss Franc will be bold enough to be devalued ? Let see which rollercoaster are dangerous, gold or stock   gold is more stable... it just need times to cover back... maybe few months..  good luck bro ! |
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smokymcpot
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Sep 8 2011, 12:33 AM
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Anyone here selling sri ayu dinar which is rm10 to rm20 cheaper than the site price who can cod at pj hilton? I am interested to get one. Pm me so we can do business. |
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pierre3388
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Sep 8 2011, 12:40 AM
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Getting Started
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QUOTE(kueyteowlou @ Sep 7 2011, 09:52 PM) 2 big waves... are you ready for another wave? or you will just wait until it stables.. i sold all of mine @ 1916usd.. and go into stock market.. since stock market are in dip now.. so i choose to go in stock.. roller coaster for gold is dangerous.. i don't like.. hehee.. bro, mind to share how you trade your gold? what do you mean by sold @ 1916usd? is this via bank like UOB, Maybank....?? |
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kueyteowlou
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Sep 8 2011, 12:41 AM
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QUOTE(pierre3388 @ Sep 8 2011, 12:40 AM) bro, mind to share how you trade your gold? what do you mean by sold @ 1916usd? is this via bank like UOB, Maybank....?? via maybank.. if you got read the post.. i posted yesterday the formula on how to calculate and convert 1oz USD into gram malaysia |
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pierre3388
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Sep 8 2011, 12:41 AM
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Getting Started
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is everyone here trading the gold via bank?? mind to share??? newbie here....hehe thanks in advance... |
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bigwolf
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Sep 8 2011, 01:04 AM
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Getting Started
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QUOTE(pierre3388 @ Sep 8 2011, 12:41 AM) is everyone here trading the gold via bank?? mind to share??? newbie here....hehe thanks in advance... dunno about others la but my standard is bank only nia. any commodity traders here? |
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pierre3388
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Sep 8 2011, 01:42 AM
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Getting Started
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QUOTE(kueyteowlou @ Sep 8 2011, 12:41 AM) via maybank.. if you got read the post.. i posted yesterday the formula on how to calculate and convert 1oz USD into gram malaysia bro, may i know why you choose maybank? why not other banks like UOB? mind to share? because i checked for both i think UOB has better spread...not sure about other banks... |
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likkylooq
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Sep 8 2011, 01:51 AM
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Getting Started
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so, its gonna hike up or else in within these 2 months? am thinking to sell a bit n waitin when is the best time
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Sh@rty 5
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Sep 8 2011, 01:56 AM
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Getting Started
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i just browse through the uob web, it seems the min investment gotta be 20gram? initial investment i meant
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monsta2011
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Sep 8 2011, 02:14 AM
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QUOTE(bigwolf @ Sep 8 2011, 01:04 AM) dunno about others la but my standard is bank only nia. any commodity traders here? Not really trading ler. I buy gold ETFs (Australian one as I have an aussie brokerage account which I opened when I was in Oz). QUOTE(Sh@rty 5 @ Sep 8 2011, 01:56 AM) i just browse through the uob web, it seems the min investment gotta be 20gram? initial investment i meant Yes that's true. Crazy lot but go for it if you have the capital. |
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Sh@rty 5
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Sep 8 2011, 02:26 AM
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Getting Started
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QUOTE(monsta2011 @ Sep 8 2011, 02:14 AM) Not really trading ler. I buy gold ETFs (Australian one as I have an aussie brokerage account which I opened when I was in Oz).Yes that's true. Crazy lot but go for it if you have the capital. sigh so for small amount cant invest . i noe maybank min is 5g. but spread is reli high |
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viol
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Sep 8 2011, 02:56 AM
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New Member
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Fed's Beige Book just got released...Tomorrow maybe a good time to buy some shiny.
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SUSsoundsyst64
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Sep 8 2011, 05:19 AM
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QUOTE(Sh@rty 5 @ Sep 8 2011, 02:26 AM) sigh so for small amount cant invest . i noe maybank min is 5g. but spread is reli high actually, minimum gram to open and maintain the account is only 1 gram. You also can top up minimum 1 gram. I have one account with maybank and i don't mind about the spread since I'm doing this for long term investment. |
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hongchai888
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Sep 8 2011, 07:22 AM
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QUOTE(soundsyst64 @ Sep 8 2011, 05:19 AM) actually, minimum gram to open and maintain the account is only 1 gram. You also can top up minimum 1 gram. I have one account with maybank and i don't mind about the spread since I'm doing this for long term investment. I agree with that. If you put long term for gold your return can up to 50% for 1 year. If u manage to buy 500gm x 50%, do the math |
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