Do you think it is a good time to buy now or should I wait for the weekends? Very volatile now

bro buy buy buy gold buy silver - nothing to lose - u are so young

the more u delay - the more the prices are going to rise

sigh bro..haih..gold is for long term investment. if u really want to buy. just buy it. dont care much about the first few weeks of going down. its normal. becoz at the end. it will going upwards. save for 4-5 years or more.

I have 2 pieces of American Gold Eagle coins 3.11gram or 1/10 oz each.

Selling at the same price gainesvillecoins.com

link: http://www.gainesvillecoins.com/products/1...eG5(110oz).aspx

PM me if you are interested

Terms and conditions:

1. Price quoted as in 'buying with credit card'.

2. Extra RM15 per piece is needed to cover the shipping cost charged on me last time I bought it. The shipping charge for both of the coins was $12.95. But I am offering $5/RM15 per piece.

3. Google up current conversion "[$ <price with credit card> usd in myr] + [RM15]", set a deal with me + lock the price, then we meet up somewhere public (COD).

4. With the method, the price will still be cheaper than buying from UOB. Trust me. Compare it yourself. (at the moment I write this, 9/9/2011 9a.m KL time, UOB sells 1/10 oz Gold Eagle for RM716.19 without GST(tax) while mine goes for RM661.61). And you also will not lose money on foreign exchange, since I am using direct exchange from Google.com + you don't have to go all the way to Singapore.

this is the receipt from gainesvillecoins.com themselves: http://i.imgur.com/sSueN.png
I will give you the informations (order # etc) when we COD which is at Cyberjaya or Bangi.

This post has been edited by hariz.zaki2: Sep 9 2011, 09:15 AM

Have PM-ed you!

no, you haven't xD

well the price is according to the current google.com "1usd in myr" converter.

the coins were bought and brought back by my friend who studied in the USA

Wrong mate, we cannot simply buy la even if its long term. If you can buy cheaper very soon then why buy expensive now? You accumulate less gm like that. Example:

If you have RM10,000 and gold is RM180, you'll buy 55 grams. But if 1 day later gold dropped to RM177, the same RM10k can get you 56 grams. Better to wait 1 more day right?

in a different scenario, what if 1 day later it went RM183?

at that time you're gonna regret.

you gotta broaden your thoughts

This post has been edited by hariz.zaki2: Sep 9 2011, 08:02 AM

I agreed with you and I think most of the forumers also waiting for the 'lower' price you mentioned. Unfortunately the price keep increasing as for now. Hope next correction will come soon.

Yup, I agree with you. Thats why need to ask the sifu2 here what are their opinions, as well as read & do your own analysis. Price of gold is VERY volatile now, so have to be VERY careful, don't simply buy hoping to jump into the band wagon.

But so far seems like not many wants to share their opinions...

This post has been edited by bigwolf: Sep 9 2011, 08:17 AM

Heheh - physical gold a long time ago (ie. about 5 years+/- back) as part of an larger Asset Allocation thinggy

This post has been edited by wongmunkeong: Sep 9 2011, 08:51 AM

that brother, is a bargain.
u dun hav 1oz coins??

not a bargain anymore. see the edited post. there is rm15 extra for each piece of the gold, to cover the shipping charge.

nope I dont have a 1oz coin. the 1/10's were bought initially as I was thinking about gold investment. But I am caught up with the heat of selling stuff thus I want to convert those bling bling into my capital.

>>
BTW, dont lar - taking the lowest (2001/2002) and then projecting to the highest heheh. I know gold is an investment / trade worthy asset class, but to just look from bottom to top aint a balanced-view.
eg. of a skewed view, i use one of the Malaysian stocks (pathetic moving stocks compared to US stocks )
Public Bank Bhd
28/10/2008 RM7.420
>>
1. For stock you have to analyze 100+ stock then come up with 5-6 goods one. FYI, not all people buy Public Bank.

but for gold and silver, there are very few source you can choose from . If you done your homework, you can get from UOb.
THus, the probability of getting a higher return in general is much more greater than stock market & property.

>>
Heheeh - changgih leh looking from bottom to up only (sounds kinky too ), right bro? In fact, some property bro can even show properties beating the pants off everything else coz it's highly leveraged, especially bought at the "bottom and looking up" (i like the sound of that somehow ),
Not a balanced view mar. Again, i'm not against gold ar - heck i myself am investing in metals and other commodities. Like some other folks that have posted, just
>>

2. If you have selected the right area Puchong, Cheras, Kinrara, for property then your investment boom. Otherwise, it may not perform as well as gold.
Wrong Area :- Kajang, Dengkil, Balakong, Cyberjaya, :- slower price growth.
Must also buy and sell at the right time.

Thus for timing and selection point of view, golds beat almost every thing in general.

3. I agree that gold by itself is off no use and value. but the way the money is working now and the iiresponsibility of many governments had left us no choice but to take our position in gold.
Can government afford not to print so much money.
Can politician get elected w/o the nice promise they make to the people. How to fulfill the promise, print more $$ lah. run on deficits.

4. In fiat $, fractional reserve is in play. Thus for every RM100 printed, addition RM450 is created by fractional reserve. (by for ease of calculation RM10)
RM100 printed, RM90 deposited to customer1 bank1, RM10 customer use
bank1 rented out RM80/- to customer2, RM70 deposited into bank customer2 bank2 a/c again, customer2 use up RM10/-
Bank 2 rent out RM60/- ....

100, 90, 80, 70,60,50,40,30,20, 10 = 100 (original) + 450 (extra is created out of thin air).

This does not include the interest factor.

If gold and silver is used, then is full reserve banking. If you have 1000oz of gold, you can only rent out 1000 oz of gold.
Thus, the banker won;t like this, because the more it rent the more $ they get for interest.
That why banker has the best and biggest building in the major cities world.

Thus, the gold and silver price must be suppressed.
In 1980s - 2001s, the price is suppressed via the existing central bank gold sales etc.

QUOTE(wongmunkeong @ Sep 8 2011, 06:30 PM)

as a newbie, don't know when the right time to buy.

To the otai2 here, do you think the price will be fall down below RM172/g at this month?

gold price already climbing positively.

do not wait to buy gold, just buy. gold is not a short term investment brader

---

Added on September 9, 2011, 11:32 amtrue enough,

This post has been edited by kobEj0rdan~: Sep 9 2011, 11:32 AM

I bought 2 gm MGIA just now.. today prices at RM183.19 / gm. Last month on 15th Aug, I bought at RM173.58 Click Here for my story

This post has been edited by mbj78: Sep 9 2011, 11:43 AM

Agreed with you. but if we get more cheaper, much better. Around this month, my target to buy is below RM175/g. Not sure can get it or not.

afraid if u wait longer, the gold price if keep hiking