Oo mayb i will bumb into u some time in UOB melaka branch...haha

Gold increasing again abit  =.=

Hey all, I jet got some gold from a dealer but realized bank rates@uob is cheaper...I got pamp lady Fortuna...would like to ask how is bank cheaper then many suppliers I've seen and what type of gold are the banks selling? Certified pamp gold too? And bank does physical gold too or just gold papers?

lustman, looking for physical ar-rahnu kah?

i want to keep some dinar KGT for myself and in the meantime ar-rahnu them as well. actually i've been longing for some time but now it seem they're out of stock.

only dinat kgt and oneasia gold are approved by BNM. honestly i don't understand by "approved". are other dinars no value? no i don't think so.

I sense it will increase back to 1880 later, sigh.

now US and euro stock market mostly red....

bad for gold....   

Pamp lady fortuna is a sealed and certified gold bar bro. that's why its more expensive.
not sure about lady fortuna, but uob sells maple, nuggets, kangaroo, s'pore lions while maybank sells kijang emas.
maybank, uob, pbb, cimb, kfh all got gold investment account (paper gold)

nvm lo, if the price goes up , i.e > RM180 then no trade - no loss for now

if an investment makes u unable to sleep well at night, then it is not for u.

buy physical and you can have gold dream every night

Why bad for gold?

Gold will rise leh???

 

Yes its very high. Its about RM7.43 compared to RM2 only for UOB. I wouldnt wanna pay the extra spread just to get the convenience of online transaction.

Hi,

It means there is charges of RM7.43 for each gram of gold that we buy/sell though Public bank online?

May I know maybank have online trading for gold as well? If yes, is there any charges ?

Thanks.,, Plan to buy some on monday as starter kid.  im new... 

Gold drop due to due to Strengthening of USD

http://66.38.218.33/kitco-gold-index.html

I am expecting 175 on Monday, then restock gao gao 

[/b]
Yup yup, i know and agree with U (already lar) about cash and printing + banking systems generating ghost numbers based on debts/loans/deposits.

It's the "gold is everything - bestest in the world" which i differ in opinion.
If a person is so worried about the collapse of governments and countries' economies cash currencies that one invests/buys only gold and not any other assets, think about the aftermath:
a. If it doesnt happen
oh oh..... totally "sai lang" / "show hand" approach, all eggs in one basket/asset class... and if it shoots up (heaven is a place on earth), if it falls (hell is a place on earth). Just too much of a roller-coaster ride for my old heart heheh.

b. If it does happen
Until things settle down and an exchange rate is set (for whatever is going to the the value of exchange like gold?)
Holy crap! No businesses running, no value exchange other than barter (until things settle down yar)
Er.. anyone wants to trade their 5kg rice for 1gram of gold? 5gms? Please? anyone?
Gas cylinders for 1gram? 2 grams?
ooo.. what about weapons and secured dwelling to protect oneself's family, physical gold/silver/platinum/sea shells/salt cubes and stuff?

Of course that will only last for "awhile" (i'm being sarcastic yar ) until the country/world starts being civilized again, commerce re-starts and we do things better than barter system.

In addition, i wonder what will happen to people that invested in properties & equities? All koyak - no more land, building & businesses?
Of course those who are holding FDs, Bonds and Money Market accounts all koyak lar.
What about those who are "investing" in gold via Gold Accounts? definitely wiped out too as banks collapses?
Seriously bro, if it does happen, gold vs cash vs other asset classes would be one of my last concerns

c. If it semi-happens (ie. hyper inflation and stuff - the usual kaka)
Bad case: price of Gold goes up, government tries to confiscate, down with the government, revolution, etc., leads to (b) above i think
So-so case: Inflation runs rampant, ppl still use cash, gold prices goes up but so does equities that people want/are in demand (eg. food producing companies, plantations, consumer staples, etc). Thus not only gold prices goes up during this time? I'm unsure - touch wood i've not been in a DEPRESSION like in the US 1930s-1940s. Er.. i think neither have any fellows here in the forum


Just a thought. Of course, it's definitely your God given rights to believe solely in gold bro. This is a forum to share point of views and opinions yar  

for gold, its a question of timing. when to dispose, definitely something to consider in 2012 - 2015.