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

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PatEagle
post Sep 5 2011, 11:51 AM

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From: Kuala Lumpur, Malaysia

QUOTE(geniousboy @ Sep 4 2011, 10:19 AM)
hi guys..
i just started to read bout gold investment these last few days..
from what i understand, investing in bank gold account is not preferable unless the bank is backed up by physical gold.
so it is better to buy physical gold.. am i correct?
*

Yes, read these articles:

FAQs on Gold Investment Accounts (GIA) You Should Know
Have you studied the FAQs as seen on GIA’s promotion leaflets and websites? Here are two very important FAQs and WARNING you should be aware of (normally listed at the bottom of the GIA’s promotools) …Full story, http://bit.ly/r0w0fY

Allocated Gold or Unallocated Gold – That is the Question
“Buy physical gold and have it stored. We do not recommend you buy unallocated gold as, really, you are only buying a piece of paper that says your account is worth the same as the futures gold price. Not actually gold.“ Full story, : http://bit.ly/psEhbn

Better put your money in Genneva Gold Savings Plan: http://bit.ly/qW1Yid

Hope this helps. Cheers! smile.gif


Added on September 5, 2011, 12:01 pm
QUOTE(lee90 @ Sep 5 2011, 08:58 AM)
I think the price will rise again for today.. let's wait n see xD
*

Oh yes, I think so too. Read this..

Wikileaks China buying gold memo set to push gold prices higher
We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. Full story, http://bit.ly/pqCKdW

hmm.gif

This post has been edited by PatEagle: Sep 5 2011, 12:01 PM
PatEagle
post Sep 6 2011, 02:57 AM

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Junior Member
305 posts

Joined: Apr 2006
From: Kuala Lumpur, Malaysia

QUOTE(xproc @ Sep 5 2011, 06:09 PM)
almost sold back some gold to PBB via online after looking to the chart... but finally i held back... dunno is wise anot... once i miss the chance to sell at this price also... then the price terjun rocket later... wait tomorrow and see la
*

I think you shouldn’t cash іt іn unlеsѕ уоu absolutely nеed it. That's the main reason for saving in gold; hedge against inflation, currency devaluation, etc etc etc - view the presentation -- Why Invest in Gold -- http://bit.ly/kSi6I0

But if you are speculating, that's another story.
Learn more, read -- The Neverending Story of a “Gold Bubble” -- http://wp.me/p1nT6G-lz

Hope this helps. Cheers!
PatEagle
post Sep 16 2011, 02:50 AM

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Junior Member
305 posts

Joined: Apr 2006
From: Kuala Lumpur, Malaysia

Here, an interesting piece of news. Even Donald Trump prefers physical gold bullion to cash/paper currency.

Trump’s New Gold Standard

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In the latest development in the growing surge of support for a return to some form of gold standard, Donald Trump has decided to accept gold bullion as a deposit on a commercial lease. This follows a news story we reported on earlier this year when Utah became the first state to legalize gold and silver coins as currency.

On Thursday, the newest tenant in Donald Trump’s 40 Wall Street, a 70-story skyscraper in Manhattan’s Financial District, will hand Mr. Trump a security deposit worth about $176,000. No money will change hands—just three 32-ounce bars of gold.

The occasion will mark the first time the Trump Organization has accepted 99.9% pure gold bullion, rather than cash, as a deposit on a commercial lease.

The tenant, precious-metals dealer Apmex, will sign a 10-year lease for 40 Wall’s 50th floor at a leasing rate of about $50 a square foot, according to Apmex Chief Executive Michael R. Haynes. The company is promoting the use of gold as a replacement for cash in some situations.

Read full story here: http://wp.me/p1nT6G-oA

This post has been edited by PatEagle: Sep 16 2011, 02:52 AM
PatEagle
post Oct 13 2011, 09:55 AM

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305 posts

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From: Kuala Lumpur, Malaysia

QUOTE(sam0919 @ Oct 13 2011, 01:59 AM)
any physical gold player here?
*

Me. Not a "player", a long-term investor who believes in holding PHYSICAL GOLD to hedge against inflation and currency devaluation.

Here, read 10 Reasons to Buy Gold
“GOLD cannot be printed or subject to some (mis)interpretation of accounting rules. Neither is it subject to bankruptcy of banks or governments. The physical is not subject to the rules and subversion of exchanges, regulators, ratings agencies or clearing systems … Money is a serious business, and GOLD IS MONEY.” Learn more at http://wp.me/p1nT6G-ts

BTW, come listen to this Talk by Dato' Philip Lim. -- One of the topics include Why Buy Physical Gold. TONIGHT at 8.00PM-10.30PM at Level 10, Maju Tower, Jalan Sultan Ismail, Kuala Lumpur. It's next door to Maju Junction Mall. Some LYN forumers are attending too. rclxms.gif

Cheers and have a great day! smile.gif

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