up too fast might see it crash just like mid august... i'd rather see it on steady upward trend. spikes like these makes me worried

aiyaaa, not tuang cold water la, just dun get overexcited & over committed only la

I heard Citibank girls are drop-dead gorgeous wor. Killer 'pun lap' n miniskirts

ok some correction is needed. I once worked in Citibank for a short time and I can tell you it's true. Just go to Menara Citibank n stand around the smoking areas (facing Nikko hotel) n feast your eyes

Me ugly wolf. You'd run & cry for mummy if you see me

Ya, don't buy from Poh Kong. Buy from UOB better:

http://www1.uob.com.my/personal/useful/price_rates.html

It's only about RM183 per gm (1oz rounds). You can also see their buy/sell difference is only about 3.25%

@geniousboy

Generally speaking, paper gold is not advisable if you plan to keep long term. I'd say they are more for speculating. But 1 thing good about paper gold is you dont have to risk theft & robbery like physical gold.

I haven't bought from public gold so i can't comment about them. but gold is gold. you can sell any gold in goldsmith shops (wah chan, poh kong, etc) although the buy back price might be very much lower. the point is, if its an emergency, its easy to liquidate your physical gold.

as for keeping physical gold in banks, thats what safe deposit boxes (sdb) are for wat

@littleprawn

you can check for uob price here:

http://www1.uob.com.my/personal/useful/price_rates.html

for GIA prices check under Gold Investment Accounts Prices

@littleprawn

if you're loaded, use the premier gold account la. RM1 difference only wat

i checked with their staff before. they said something like better to sell n get back the money then use the money to buy physical. if u really want to convert gia to physical, you have to pay the difference plus another RM150 conversion charges.

hallo, how can compare like that lar. might as well say january 2001 only rm35/g

https://www.kitcomm.com/showthread.php?t=91706

Interesting development... might be nothing, or might be market armageddon stuff. What do you guys think?

Most probably London side are pushing the price down to spook the speculators so that when NYSE opens, the bloodbath wont be so bad and less ppl want to jump onto the gold wagon. So far looks like they're not doing a good job

Just be patient and wait for a few more hours for NYSE open

Edit: Correction, not London, its the Swiss pegging their currency to 1.20 of Euro and causing all the dips

This post has been edited by bigwolf: Sep 6 2011, 07:02 PM

and so the bloodbath begins

Its spot gold per gram in USD x exchange rate. Assuming spot gold per gram is USD61 and exchange rate is 3.011

USD61 x 3.011 = RM183.67

Spot price fluctuates a lot in a day although forex rate is not so much. Perhaps MBB also charge a few ringgit extra for processing fees or something. So RM187 depends on what spot rate & forex rate & processing costs(?)

goldprice.org is nice too bad no MYR for silver though

As gold gets too expensive for capital preservation, ppl might start looking at silver as alternative?

wah gold & dowjones both commit suicide together ah?

btw i saw gainsville selling 25 x 1gm PAMP at USD1,755.45 + 96 international shipping fees. Average = USD74.058 per bar

Worth to buy?

Edit: Problem is where to sell la without incurring 15% - 20% loss? I wonder if UOB buys these bars although not sold by them? I heard cannot izzit?

This post has been edited by bigwolf: Sep 7 2011, 12:17 AM

I'll be slowly accumulating paper gold these few days. Not much la, a few grams at a time

gold just fell through the floor

maka@&#%^!&#@*#$*$&@!*@!!!!!!!!!!!!!!!

just bought before go out lunch, came back 1 hour later & it dropped RM2.60 a gram

$$#*^&#@*!@&$*#@*!!!!!!!!!!!!!!

hmmm... so, voicing your frustration just because you decided to buy today and would have bought more with the same $$$ if you had just waited an hour more is not permitted here? Ok, noted

You can maintain 0gm in UOB. I did that and few days later buy in again no problem.

If your GIA is less than 10gm the bank will only charge you RM5 maintenance fees per month

Edit: ooppsss sorry some wrong info. They will charge RM2 per month, not RM5

http://www1.uob.com.my/assets/pdf/business...e_Sheet_GSA.pdf

This post has been edited by bigwolf: Sep 7 2011, 11:35 PM