Haha was informed by my friend about the news, so come here to share and hope my beloved Lyners can grab the chance to invest.

Like that ah, I have to borrow all the money I could and invest in all gold loh!

This is a Jokes, do not follow and take it seriously, you have been warn!

the only way you can capitalize on this is on paper gold - etf, forex etc

else here, you can lock the physical price from 24x7 dealer, such as :

either nubex -
good price on 1 dinar rm790 ,
50gm gold bar @ rm184/gm
or the 100gm 999 bracelet @ rm185/gm.

another one - public gold.

other than that, all of us could just pray hard tonite that asian market wont push the price further as we always see

Nice share bro but we know that the spreads are too high for Public gold. Yes Asian market will push the price further 'down' sometimes like last Friday.
US dude keep dumping gold like toilet paper, we might able to see 1760 by the time US market close today.

This post has been edited by hongchai888: Sep 20 2011, 01:39 AM

Heard not because USD strengthening but RM value is going. Hmmmm. (:

You keep on making statements without backup info.
When was the last time you could buy a bungalow witha kg of gold?
How much was the bungalow then?

Gold does not lose its INTRINSIC value.
A kg of gold is a kg of gold- doesnt change.

if u compare with paper gold yes the spread is big 6%, but then again it is physical gold. you need compare with other physical gold, i.e uob bullions 3.x% but u have to wait banks open and got stock, which is unlikely these days.

hope for a further selldown for re-entry by tis week

even though the physical gold prices in malaysia are ridiculous but ...................hmmmm

i was trying to buy some used jewellery for arrhn but the prices.....again...hmmmm

what type of dinar they are selling? i trying to get PG dinar at lowest (bulk purchase) just above "we buy" price.

Gold now at RM 183.10 (Maybank) and USD$ 1,780. The ringgit is dropping drastically as well. SGD is now at 2.49 while USD is 3.13. As long as the ringgit continues to drop, we wont see low prices in gold.

This post has been edited by cybermaster98: Sep 20 2011, 09:34 AM

Yup. Thats quite true

I am more concern on the FED meeting and what Mr.Ben talk later

This post has been edited by hongchai888: Sep 20 2011, 10:01 AM

from the news:
"The ringgit weakened 1.09% to 3.1157 against the US dollar from 3.0820 last Friday as investors fled emerging markets on fears that the contagion risk of Europe's sovereign debt crisis might slow global economic growth and hurt the economies of export-based developing countries. The local unit had lost 1.98% of its value from a week ago."

i am a student, planning to invest in paper gold, with budget 3k.

CIMB, Public Bank, Maybank, which one is the best huh ?

UOB is not considered, due to minimum gold amount is 10g, while others is like 1-2g. I am a student, so sometimes i might need to cash out the money

Big day for Ben S. Bernanke new stimulus plan.

when is the meeting?

in this bearish market... and also.... down trend market...

even the safest commodities.. gold has been getting more and more volatile...

gold is for long term guys... bear in mind... when you saw some nice profit... you may collect it... and wait for the correction..

you might want to hunt some great potential stock in this time... to get better profit.. buy in bear market.. and wait for the fish..

just my 2 cents... i used to surf this gold thread... but this thread getting hotter and hotter.. haha maybe is the gold trend.. but i choose to leave... i fear when people make money.. lol

Last weekend i checked Habib Jewels here in Kuching and they sell PAMP suisse slightly cheaper that UOB. Quite a good deal eh??

1.00 USD = 3.13957 MYR

PB Gold Investment Account

Gold Investment Account as at 20/09/11 11:45 AM

1 gram
RM 184.3800 Selling Price
RM 176.9600 Buying Price

How come got selling price and buying price???

Damn...
Stock market down!
Currency down!
Gold also down!
Every thing are down!!
Then what is up???

Where is the investors' money go?