standing by to load up....hunting for ozzie nugget today

jphlau,

can you just share your expected price here?

hi lustman,

i did it last year and did it last month and did it again last week. now hunting for more ozzies nuggets to pile up.

what are you looking to know about it? still a beginner though. bottom line is , as long the gold price raised rm1/gm per month. u breakeven.

ar-rahnu agrobank - only jewellery stuff
ar-rahnu b.rakyat - jewellery and coins - kijang emas, ozzie nuggets and maple from UOB only. you must have the receipt/cert.

be careful though on maple as some UOB cashier said, they won't buyback if already open the softcase, but another one said, can sellback as long no weight loss due to scratch and no dent.

lustman,
pm-ed

maple. should be around 3.1gm of pure 24k 999.9 gold
1st - it is recognized by LBMA (mentioned by goldchan).
2nd - if it is from uob - better (can go ar-rahnu bank rakyat during hard times)

do note that you can't sell back uob maple/nugget if the receipt is not your name. only the owner can sell back to UOB.

so, decide carefully if you plan to buy one, if the difference than buying new is significant.

do note that you can't sell back uob maple/nugget if the receipt is not your name. only the owner can sell back to UOB.

so, decide carefully if you plan to buy one, if the difference than buying new is significant.

yes, you are correct, but as mentioned, if the price difference from uob is significant. uob is around 3~4% spread while other trader is much more than that

but....any saving in form of physical gold is goooood

i've never entered agrobank lelong, but bank rakyat one, quite impossible to win lah.
usually they do at the end of the month, around 22nd-ish for bank rakyat. they will put up notice and display the items.

---

Added on September 7, 2011, 8:02 pmnidz said already bro, long term - buy the cheapest 999.9 bar/dinar/gold or whatever gold. ignore the spread. gold is still gold.

trading/short term - buy the smallest spread.

This post has been edited by keii-kun: Sep 7 2011, 08:04 PM

yes. can just walk in with cash and buy direct.


in other hand, does anyone here knows any uob with 1oz nugget. raja laut out of both nugget n maple. melaka main still got maple. i'm still looking for nuggets.

good chance? it is another chance to ride again.
those who sold uob passbook @ 183, tomorrow can be another re-entry, with price at 1800, we should be looking at 174-ish based on goldprice.org chart.

lock and load

u have money for 1kg, no need to bargain.
if u have 500gm can bargain a bit...maybe cheaper a bit

this thread will be quiet around 930am tomorrow hahahhaaha

gold bouncing back to usd1859 due to weak us job data. it seemed we'll see UOB rm18x again tomorrow since today closing already rm179, tak sempat load today. come on bernanke give good impact to stock and push the gold a bit

bulukorek,

if u go for long term, just buy the cheapest 9999 gold you could get since later you can always sell it as 9999 gold, not based on brands
gold is gold as mentioned again and again in this thread. do take your time to read from page 1 to get some grasp on owning physical.

buyback as guarantee is not really important here.

wongmunkeong

good comparison there, hence the standard question prophetjul was repeating to anyone, y did u buy gold?

This post has been edited by keii-kun: Sep 8 2011, 10:21 PM

lustman, looking for physical ar-rahnu kah?

i was in uob today noon and was negotiating a better rate for gold deposit. too bad it was almost lunch hour so their hq dealer is already out and they unable to quote me special price (said the cashier)

and somehow, i felt something amiss on today rate, uob - rm181/g when world price is around usd1860....maybe USD has gotten stronger due to SwissFranc pegging, thus the higher price translated. cos i remembered last time when it hit usd1910, uob was only at rm185/g.
was negotiating for rm180.50/g since for sure cannot get the 1kg rate 180/g

too much difference and i felt nervous and not comfortable to buy at that standard price. went to watch "nasi lemak 2.0' with wife. it is hilarious and has interesting views on malaysian as malaysian.

who knows after got back home, it dropped back to usd1840!!! phewwwwwww

hong chai,
can use interbank giro or rentas for immediate transfer. no need to carry cash so much lah.

its almost usd1820 now. looking for this to continue and i will definitely wait until UOB open on monday

This post has been edited by keii-kun: Sep 9 2011, 08:04 PM

i go uob melaka lah cos i'm in melaka.

here still got 1oz maple and just reconfirmed with the head cashier, they still will accept opened maple as long no dent/scratch/weight loss > means it is still 'ar-Rahnu'able

rentas can read here
http://forum.lowyat.net/topic/1014248/+40#entry38621327

actually it is similar to meps interbank/fpx , reading further - better use meps ibg lah or ask the bank what is the fastest interbank transfer.

nvm lo, if the price goes up , i.e > RM180 then no trade - no loss for now

if an investment makes u unable to sleep well at night, then it is not for u.

buy physical and you can have gold dream every night

for dinar kelantan / kgt i think you can get from nubex. was there on tuesday and saw this ustaz was collecting almost 100dinar

it is not really BNM approval, its bank rakyat's policy to prevent abuse of ar-rahnu. try calling nubex, they are open on tuesday at damansara perdana

tak apa, dia sikit2 lama lama jadi gold bar hahahahhahaa, got saving already good rite...rather than no saving or negative saving

my first encounter with gold was via e-gold - usd470 / oz. those 12dailypro days. during that time, you can even request e-gold to withdraw physical at UK.

Quinn, thanks for the chart update. i'm planning to load up this morning after seeing the chart @5am, but asian market is already pushing up the price...most probably today UOB sells 178.x

its hard for ciput investor to catch the low price , since the reversal happened end of asian market where banks closed off already hehehehe, might consider itrader lah like this to play paper gold.

bigwolf,
imho usd values goes up cos people are running away from CHF and EUR to USD. could be also like kitco news, most sellers are cutting some of their long position to cover losses.

come gold, maintain below 1820 this morning please

hmph, market buying on dips...

This post has been edited by keii-kun: Sep 13 2011, 08:31 AM