The trend is so unstable at the moment. Is there going to be another dip anytime soon?
Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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 Sep 6 2011, 03:26 PM
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356 posts Joined: Jun 2006  
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Sep 8 2011, 02:19 PM
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#2
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I bought some today too. Hoping to buy at 177.2 but its 178.5 by the time i reach the counter.
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Sep 12 2011, 04:32 PM
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#3
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No offense but repetitive questions like "Shall I buy now?" gets real annoying when its been ask numerous time. Do your own research and make your own decision based on your own finding.
Rule of thumb is, if you cant stomach the bumpy roller coaster dont get into the darn line!  |
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Sep 14 2011, 10:17 PM
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#4
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QUOTE(azizulego @ Sep 14 2011, 11:13 PM) sell all your Au & Ag now!!! hahahahaha Better still... sell it to me!!! ME!!! LOL!!!  |
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Sep 14 2011, 11:01 PM
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#5
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QUOTE(azizulego @ Sep 14 2011, 11:29 PM) I got 1oz Kijang emas.. willing to sell at RM9500 Rm9500 is what i will call "manipulated" price. (since i know gold price is being manipulated).... |
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Sep 15 2011, 08:08 AM
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#6
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QUOTE(Quinn @ Sep 15 2011, 03:45 AM) If you were keen to know the answer, you would have Google what harmonic pattern is. Without charts, i really don't understand how i can trade well. Everyday i would be asking the same old question, how high it go? how low it go? is it good time to buy? is it good time to sell? I stop asking because i could see everything in my chart. I'm glad you asked. Quinn,I bought many gold in the two red arrow. If price does break below the kijun sen (which is the red line), i am taking all my profits at the blue arrow region. Seeing charts is very powerful. It has made my trading decision a lot more profitable.  Hope you will spend time to learn about charting, than just prices.  Good luck! All you need to know about ABCD harmonic pattern: http://www.babypips.com/school/the-abcd-an...hree-drive.html Really appreciate your posting. I need to learn more about reading those graphs. Where should I start? Those link in your signature maybe? Thanks again.  IMHO, the prices of gold havent really change much over this few days. Calm before the storm? |
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Sep 15 2011, 09:51 PM
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#7
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QUOTE(Quinn @ Sep 15 2011, 10:13 PM) I'm happily profiting the fall of gold You mean going to profit or already profiting?  Its 2 entirely different thing. |
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Sep 26 2011, 11:34 AM
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#8
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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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Sep 26 2011, 11:47 AM
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#9
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QUOTE(Nidz @ Sep 26 2011, 12:38 PM) These are their latest price from http://www.fgjam.org.my/ Nidz,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. Thanks for the reply. Yup i actually checked their website and read about their price. What I dont understand is why is there such a big difference between their rate and the international rate (around 15%). I would understand that if that rate was used when gold was around 1900. |
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Sep 26 2011, 03:32 PM
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#10
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All hands on board and brace for impact!
If we were to learn from 2008, the price of gold actually recovers after a year. So the conclusion is, this is not the end of the world! Ps: Dip is good since its a good time for me to get my ring! This post has been edited by eehtsitna: Sep 26 2011, 03:33 PM |
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Sep 27 2011, 08:36 AM
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#11
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356 posts Joined: Jun 2006
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Study and analysis all the information out there. Last night's NY market seems to be holding at 1600-1650. This may hint that gold has reached it's bottom.
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Sep 29 2011, 08:24 AM
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#12
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Quinn,
Thanks again for sharing. Really appreciate it. |
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Oct 3 2011, 09:37 AM
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#13
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356 posts Joined: Jun 2006
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Finally made up my mind and went to a goldsmith to get my rings. Boy am I in for a shock. Those rings are around 7g in weight and they cost me about Rm14xx for em.
There goes my hard-earned money. |
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Oct 3 2011, 09:58 AM
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#14
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Its 916. Retail at Rm189/g. I told them that it should be lower than that. Later they gave me Rm185/g. After rounding up the total, the exact rate i received is at Rm184/g.
To be honest, the price should be a lot lower than Rm189/g. If I were to blame anyone for it, I will most likely point my finger at FGJAM. |
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Oct 3 2011, 11:49 AM
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#15
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In short, because gold is a rare metal.
I have been thinking this for a while and i guess it will be a good topic to discuss here. Most of us here already owns some paper gold with us. The next big question is, shall we diversify into physical gold? If you took the time to visit some europe/us gold forum, most of the people there prefer and sometime insist on physical gold. Paper gold is just a figure on a piece of paper. If the bank which holds your gold folds up then you are left with nothing. |
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