what will tomorrow starting price be in RM? with 1811 USD/ounce still 180/g?

i guess you're "one of them"

"be careful" you all

This post has been edited by lustman: Sep 18 2011, 09:12 PM

the uob staff must be dreaming while talking to you no problems with opening gold account, like another forummer said, you only need to open a savings a/c only and can buy oledi. if you're investing above 1000gm, you can consider the premier gold account. spread is only rm1 per gm, even better to trade

Just for your info only especially the last sentence.

In the clip below, Mr. Faber says precious metals may fall as QE2 ends, and before the next round of Fed printing begins.

Some quotable notes from the interview with Mr. Faber, author of Tomorrow's Gold:

“I still like gold and silver. I think it will go down for the next three months or so but I wouldn't short them.”

“[You should] keep on accumulating gold.”

“Not to own any gold means you trust central bankers and that you don't want to do in your life.”

http://youtu.be/IdgBW-DgiA8

This post has been edited by lustman: Sep 18 2011, 09:55 PM

ya, the spread of UOB Premium Gold account is extremely attractive!

BUT initial investment is 1KG, AND trading unit is 1KG!!
means that every time buy in minimum must be 1KG gold, sell out must minimum 1KG! (1KG gold = ~RM 180,000)
not much ppl have this ability trading in "2 Honda City" unit.
even have the ability, also no guts to bear such high risk...


unless the person planning to invest in long term 10 or 15 years, and after deposit in not going to see / hear / know the gold price,
else... may die of heart attack!

That interview was on bloomberg 23 June, so 3 months mean gold drop until September only. Huhu

This post has been edited by buysell: Sep 18 2011, 10:11 PM

So which is which?

This report came out on Sept 14:
Stocks rally on hopes for Greece

Then this on Sept 16:
Europe default risk signal flashing red

Barely 2 days after the Greece-would-achieve-fiscal-targets feelgood news, we're back to Greece-near-100%-default doomsday warning

While its almost certain if euro collapse, gold & silver will rocket to the skies, but what about the China factor? What happens if China & the rest of the BRIC injects massive capital to save euro? What would be the effect on gold & silver? Bearish outcome while massive rallies for the share market?

Whats the possibility of BRIC intervening to save euro?

Can China and the other BRIC nations save Europe?

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Added on September 18, 2011, 10:29 pmi did mention if investing above 1000gm ma, thats 1kg ler. mana tau we have some millionaires here who thinks 4 - 5kg are peanuts. the fella might be so grateful of my recommendation he spends me a few grams as commission

This post has been edited by bigwolf: Sep 18 2011, 10:29 PM

I would like to open a gold saving account with UOB Malaysia. Will I be granted approval? I am a foreigner.

Speculate on the hordes of people who follow these news as their yardstick for precious metals accumulation. Tomorrow morning maybe sharp jump spikes.

hehe.. sorry, no offense..

hopefully China don't campur tangan la..
i tot China & US bermusuh.......

Some of information there is outdated. 1 of it is, Min Initial Deposit for CIMB is 2g (if not mistaken) and not 10g

While my long term goal is to accumulate precious metal, right now I need to speculate a bit to raise the capital required to buy more of them in future ler

Correct me if I'm wrong, for I'm just thinking my own thoughts here, but I'm kinda worried about the China factor coz it has everything to go for it if it pumps in capital to save europe:

1. The costs of bailing out europe is offset by lowered costs of gold (IF China is really accumulating gold as some speculated)
2. Europe does not goes into recession, which means demand for China goods does not drop

true or false???

I don`t think China too interested in EU.
Yes, they will buy some EU bonds because if they don`t salvage EU, China can`t market their goods there.

Gold possible outlook for the week..

XAU has formed an inverted hammer in a very important S&R region. On the daily chart, it has closed below the Kijun Sen. Base on previous historical pattern, when gold closed below daily kijun sen, the yellow metal will go either bearish movement or consolidation movement. It has to break 1840 for the bull to resume.

You decide what's best. I may be wrong Only the market is always right! Tighten your stops.


Attached thumbnail(s)

please may i know where i can check for free, hourly/daily gold movement candlestick chart? tq

You can try WWW.netdania.net under chart category. This is web base and it is free.

That interview was in JUne+3 months = sept........times up?

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Added on September 19, 2011, 7:41 amXAU?

Thats not gold ......thats gold miners

This post has been edited by prophetjul: Sep 19 2011, 07:41 AM

QE2 has ended months ago.. but fear not.. QE3 is coming....

Right on!

AND add EU4 to that!

And add EUPANIC if EU -GR !