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 Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings

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Nidz
post Aug 27 2011, 08:10 AM

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QUOTE(eXTaTine @ Aug 27 2011, 07:18 AM)
The important lesson we can learn here is, always buy Gold before Bernanke speaks! Throughout his tenure, without fail, Gold shoots up when he opens his mouth.
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Then we need to have an updated list of bernanke's speech schedule... Hahaha
Nidz
post Sep 5 2011, 03:09 PM

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QUOTE(ericwen @ Sep 5 2011, 02:26 PM)
hi everyone,

i bought some gold i think very small arund 12mg or 13mg at maybank passport account thing ...

just wonder, should i keep that for few years (assume i don't buy more than that) and sell later ... or i should monitor the gold market and sell when it goes high? how does it work?

and lastly, should i buy gold every month? more like force savings thing? now maybanks allows me to but 1 mg, so more affordable though smile.gif but maybank rate is a bit expensive than pb and cimb bank sad.gif

any help? thanks.
*
its miligram or gram?? sweat.gif
anyway, its up to u. if u hav extra money, why not keep buying every month and sell after 2-3 years or even 5-10 years?
Nidz
post Sep 5 2011, 04:46 PM

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QUOTE(smokymcpot @ Sep 5 2011, 03:31 PM)
Okay. Thanks guys for the input. Anyone here selling with receipt? I am still below 18, cannot go uob and get. tongue.gif
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u also can try buying from 1stopgold. but they only sell pamp bars, not nuggets/maples...
but still, the pamp bars got certificate and all, and u can sell back to them at a 10% discount IINM... smile.gif
Nidz
post Sep 6 2011, 09:29 AM

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today can see whether it'll break $1900 barrier...
its getting more and more expensive...
Nidz
post Sep 6 2011, 02:01 PM

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QUOTE(jerryloon @ Sep 6 2011, 01:59 PM)
May I know what is spread means? TQ.
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difference between selling price and buying price.
Nidz
post Sep 7 2011, 02:25 PM

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QUOTE(cybermaster98 @ Sep 7 2011, 02:22 PM)
When the stock markets in US and Europe crashed, many investors jumped to Swiss Franc, Yen and gold. This caused a dramatic rise in all 3 prices. The Japanese gov is already controlling the price of Yen and now with the Swiss Gov pegging the franc, most investors were caught. Many ppl thought that this move would result in gold prices going down too which caused them to panic and sell. Thats why gold prices are dropping now.

My personal opinion is that this drop is very much temporary. Gold will rise again so those of you who wish to invest in gold, better do it now. Ill wait till the US markets open tonite before i invest more into gold. Im looking to pump in about RM 50K so getting the best price is important.
*
u invest thru forex market or what? buy gold during night time? hmm.gif
Nidz
post Sep 7 2011, 02:39 PM

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QUOTE(noobandroid @ Sep 7 2011, 02:26 PM)
"US tonight" is our tomorrow morning i think
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yeah, US tonight will mean our tomorrow morning.
but he says when the US market opens tonite.
so he means when US market open in the morning, while ours will already be at night... biggrin.gif
anyway, i stil dunt hav any strategy to invest in gold. now is busy collecting silver... sweat.gif
buy or not buy, when to buy, what to buy....
aiyyo~~ rclxub.gif
Nidz
post Sep 7 2011, 03:31 PM

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QUOTE(smokymcpot @ Sep 7 2011, 03:16 PM)
Which should I get and which would be easier to sell? 1/10oz kangaroo for rm677, 2.5g emirates for rm513 or get a 2.5g pamp for rm615. Most importantly, which would be the easiest to sell in the future? Thanks guys
*
emirates is cheapest, but dunno whether its easy to sell or not.
kangaroo is more well known, i think.
pamp is most expensive, but very popular and well known for its premium.

if it was me,
for long term, i'll buy emirates. if for trading, i'll buy either kangaroo or pamp.
anyway, all are still gold. u wont go wrong, unless gold market went into recession... sweat.gif
Nidz
post Sep 7 2011, 04:59 PM

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mostly from private dealers, individuals and companies. if from bank, u can try from uob. their price is quite competitive.
Nidz
post Sep 7 2011, 05:29 PM

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QUOTE(smokymcpot @ Sep 7 2011, 05:23 PM)
Do you think getting the sri ayu dinar would be a good idea compared to the ones I thought of before?
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sri ayu price per gram wud be quite cheap compared to the rest. but to sell, i think its more towards the malay markets.
if u think u can sell it to ur malay frens, then by all means, proceed. thumbup.gif


Added on September 7, 2011, 5:32 pm
QUOTE(Karlos @ Sep 7 2011, 05:24 PM)
What about gbullion's rates? Is it competitive compared to bank's?
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dubai based? hmm.gif
i dunt really know. from the website, it sure looks cheap. but how do u know that ur gold is secured?
IF u are in dubai, then maybe u can buy from them la... if in malaysia, i personally think it is not worth the risk. notworthy.gif

This post has been edited by Nidz: Sep 7 2011, 05:32 PM
Nidz
post Sep 7 2011, 09:55 PM

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if tomorrow price is below 175 per gram, im gonna go uob n buy something.... hands itchy already...hehe
Nidz
post Sep 7 2011, 10:35 PM

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QUOTE(hongchai888 @ Sep 7 2011, 10:00 PM)
I am going to queue at UOB and restock around 100 gram if price maintain at such. Say hi to me if see me
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walawei... lucky u got money.. me no money can only afford 1oz.... notworthy.gif

QUOTE(monsta2011 @ Sep 7 2011, 10:04 PM)
Bargain. need to buy before Bernarke speaks again LOL.
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when will he speaks again? this friday?

QUOTE(hongchai888 @ Sep 7 2011, 10:17 PM)
U mean can bargain with the bank? Possible?
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he meant now is a good bargain to buy... i dont think its possible to bargain with bank if we are buying small quantity... sweat.gif
Nidz
post Sep 7 2011, 11:13 PM

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QUOTE(hongchai888 @ Sep 7 2011, 11:03 PM)
What time the Asian gold market open?
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australia - 7am (our time)
hong kong - 8.30am (our time)

more info here
Nidz
post 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??
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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. smile.gif
Nidz
post Sep 8 2011, 01:59 PM

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QUOTE(jerryloon @ Sep 8 2011, 01:53 PM)
wah... price drop...  cry.gif last 3 days 185 now 179...
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come2, drop further drool.gif
i wanna buy if it goes <175
Nidz
post Sep 8 2011, 02:59 PM

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QUOTE(mrBuLuKoreK @ Sep 8 2011, 02:52 PM)
guys, i decide to go for physical gold, and i'd like to thanks kei kun 4 fwding a link for online gold dealer. But the thing is, hw come the price per gram on each protect offers by different dealer seems quite a different??Im aware of their way on making profit are different. but any advantage or disadvantage if im going to buy gold with private dealer?

or should i buy gold frm bank??but there different selling/buying price seems very large compared to private dealer??
*
just find a product u like, search for the cheapest price and buy. dont mind if its a private dealer or banks... thumbup.gif
Nidz
post Sep 9 2011, 08:26 AM

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QUOTE(hariz.zaki2 @ Sep 9 2011, 03:09 AM)
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 smile.gif
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that brother, is a bargain.
u dun hav 1oz coins??
Nidz
post Sep 26 2011, 09:14 AM

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QUOTE(mcdkfc @ Sep 26 2011, 08:59 AM)
Today price MBB - 173.41/g. Good to buy?
*
if it can average down ur cost, why not?? thumbup.gif
Nidz
post Sep 26 2011, 11:38 AM

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QUOTE(eehtsitna @ Sep 26 2011, 11:34 AM)
Guys!

Does anyone know how fgjam operates and how they set their gold rate?

The price of gold has dipped for quite a bit last few days and i was planning to get a ring or 2. But the problem is that most jewelery shops here is still using the pre-dipped gold rates which was provided by fgjam.
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These are their latest price from http://www.fgjam.org.my/
Their price is always higher than spot price of course.

999 Gold : RM208.00/gm
916 Gold : RM197.00/gm
835 Gold : RM181.00/gm
750 Gold : RM163.00/gm
375 Gold : RM88.00/gm

Last updated on 26 Sep 2011.
Nidz
post Sep 27 2011, 12:23 PM

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QUOTE(Alexdino @ Sep 27 2011, 12:20 PM)
lol so sure?  tongue.gif im waiting for 160 a below, will it happen? pray hard..lol
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it may or may not happen. anyway, i'll just keep my fiat on standby should the opportunity comes knocking icon_rolleyes.gif

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