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

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SUSgogo2
post Sep 27 2011, 01:40 PM

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Hi sifu2. If I wanna buy gold, is Maybank a good place to buy? Or which place you sifu rather go and buy?
SUSgogo2
post Sep 27 2011, 01:47 PM

gogo2
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QUOTE(Alexdino @ Sep 27 2011, 01:41 PM)
print more paper money = less value in each paper money = USD drops in value = investor change investment form USD into Gold = increase Gold demand = increase gold price.

Added on September 27, 2011, 1:42 pm

UOB

@penang? There are two UOB branch there.
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Oh, thanks thanks. I will go check out UOB. Any reason why UOB better than Maybank? notworthy.gif
SUSgogo2
post Sep 27 2011, 02:04 PM

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QUOTE(Nidz @ Sep 27 2011, 01:57 PM)
for paper gold, uob offers lower spread.
for physical gold, uob offers more product.
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Thanks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! notworthy.gif notworthy.gif notworthy.gif notworthy.gif

QUOTE(keii-kun @ Sep 27 2011, 02:01 PM)
read the first page next time.

anyway, quinn, appreciate if could always dropby on weekends to give weekly candlestick insight on gold
laugh.gif
appreciate it
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sorry bro... will do next time sweat.gif
SUSgogo2
post Sep 29 2011, 09:15 AM

gogo2
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should go in now or wait my sifu brothers?
SUSgogo2
post Sep 29 2011, 09:33 AM

gogo2
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QUOTE(ycs @ Sep 29 2011, 09:26 AM)
Is Gold about to crash? What is in store for Gold and Silver? Watch this 2-min video:

http://www.facebook.com/video/video.php?v=284602891566784
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I think world is about to crash. But nvm. We can take out gold and make jewelery.
SUSgogo2
post Sep 29 2011, 09:35 AM

gogo2
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QUOTE(Alexdino @ Sep 29 2011, 09:33 AM)
oh this question come again.. tongue.gif  YES, just wait
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INNOCENT QUESTION : wait until when bro? laugh.gif
SUSgogo2
post Sep 29 2011, 01:40 PM

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QUOTE(smokymcpot @ Sep 29 2011, 01:37 PM)
Is it true banks like CIMB and PB, you can buy paper gold, and then when you sell it off, you can either get cash or the ammount of physical gold that you bought ? If like that, what for buy physical? Need someone to help.
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I heard they can deny your request.

Anyway, I try to buy in MBB today and got 4 people in front of me. Wow, Gold is hot man. Anyway, I plan to go PBB tommorow. I think online transaction better. I hate go to bank in person.
SUSgogo2
post Sep 29 2011, 05:24 PM

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QUOTE(bigwolf @ Sep 29 2011, 05:06 PM)
1. if you buy paper gold, most probably you already decided its for speculating and not for delivery. had you wanted physical in the first place, you'd buy physical n not paper

2. not sure abt other banks but i asked uob before and they advised if i want to take physical, i need to top up the price difference (1gm GIA vs. 1gm physical) and also RM150 conversion fees. So better to just liquidate the GIA and then use the cash to buy physical. same price difference but you dont need to pay that RM150 fees.

3. Now my opinion here is that although the bank dont have the physical gold, you can still get back your money. And if the bank dont have physical for sale, you can always run to the nearest poh kong/wah chan/etc with the money and buy biggrin.gif
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I'm wondering now is RM166/g gold.
But gold PAMP is RM185/g gold.

So means physical gold is more expensive?
SUSgogo2
post Sep 29 2011, 05:44 PM

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QUOTE(vincentwmh @ Sep 29 2011, 05:41 PM)
gold free fall aft 5pm, asian market tutup...very clear indicator lo
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i hope it continue until tommorow. I go to PBBank. UOB too far

Added on September 29, 2011, 5:45 pm
QUOTE(JonYeap @ Sep 29 2011, 05:29 PM)
of coz physical gold is more expensive. haha...
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muahaha

This post has been edited by gogo2: Sep 29 2011, 05:45 PM
SUSgogo2
post Oct 3 2011, 02:18 PM

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QUOTE(junhaussen @ Oct 3 2011, 02:05 PM)
check CIMB-PBB-MBB-UOB daily bank price at goldabout. Nice if you need to see a recorded history but is not realtime updates.
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I check 2001 Kijang emas price is RM1000.
Now is RM5000.

If I bought 5 kijang emas at 2001 at RM5000, now I have RM2500.

Imagine if I bought 25 or 100 kijang email.. fuiyoh....
SUSgogo2
post Oct 18 2011, 05:59 PM

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QUOTE(kakiayam @ Oct 18 2011, 04:26 PM)
nubex is absolutely trusted than PG. They selling international certified gold bar. You should have to worry about PG.
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worry about PG? why? anyway, I see the PG operate like MLM. Very scary. Price also very high.
SUSgogo2
post Oct 20 2011, 02:15 PM

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QUOTE(eXTaTine @ Oct 20 2011, 02:13 PM)
If they sell now then lose money la...that's what will happen...what's the big deal?
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I think its sarcasm question aim at people who bought at that price. I dunno why people so evil in this thread and in stock market thread. Laughing at people paper loss. hmm.gif
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