no service fee...the service fee already include in the buy-sell spread....

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Added on August 27, 2011, 12:38 pmif you're buying through banks...i think so..you have to wait monday morning..

This post has been edited by kevyeoh: Aug 27 2011, 12:38 PM

Sh@t... Public bank really charges too much for the spread... If not becoz of the online convenience... I would not have bought from public...

public bank gold spread damn high... selling like RM178 and buying 170 only...wooot !!! time to change to UOB...

need to make siginificant investment only worth it...or else the trip down Singapore already cost a lot...
not cheap !!!

Sigh.. If go down also no money to put in dee

hi all,
i'm a noob also when it comes to investing in gold.... just trying to understand here...what possible scenario that can make the gold price go down in a free fall ?

for example...US dollar... if the gov continue to borrow and their debt ceiling explode, then maybe US Gov print more money and cause their value to drop...

in the case of gold...what could possibly happen to cause this?
maybe the one i can think of is people mass selling the gold in panic...this is one potential situation...what else?

thanks for all inputs! need to understand and learn..

it's never too late bro...
just do it !

go go go !
1950 looks way very possible now...

very easy to buy/sell use their online service...

but now i think again..worth the time to drive car to UOB and buy for the low spread.... haha

but PBB really very convenient to buy
no need to queue...just sit at home...click click click..done...

now price drop again...

in a way...that's the 'charges or fees' la...

so you buy from bank at their 'Sell' price...

then when you want to sell back the gold to the bank..the bank buy back from you at 'Buy' price...

so the difference is called spread.... and the RM7.43 is the spread...which is the profit the bank earns for doing this transaction...

This is not strange but more realistic right?
Doesnt make sense is the price spiral up like rocket then it will be like bubble...

Or are we at bubble now already also i am not sure...

Ya... Bubble is like the price go too high up until not realistic to actual valuation or market price...

LOL...can't help it...sometimes noob or new folks just join and ask...it doesn't help them to slowly browse the thread page by page...

so i guess we just ignore the post and continue the thread...

btw...no one can tell if it's a good time..if that guy has such a nice crystal ball... that's almost impossible...

generally past history of gold, the trend is upward if you spread it over many many years but there was some periods when you have dips..so for those dip period...if you invest short term and sell off the gold during the dip period...then can lose money also...

even if the gold price go up... no one can tell you how much it goes up... it can go up 1% over whole year...that one not worth right? but it can also go up 30% over the year...

woot !!! 280g? ??? wahhh.........

the problem with UOB is they have lack or limited branch... maybe that's why they also offer lower spread to entice customers to buy from them...but you have to make ur own effort to find and go to nearest branch lor...

Can anyone help define long term pls?

5 yrs?

i've learn something when investing in gold now.... even gold price drop and the USD currency can go up and sustain the gold price in RM for us...

interesting indeed....never occur to me that USD currency also can influence the gold price in M'sia....

i see the graph going down non stop... my heart cannot take it....i sell first and absorb about RM400 losses.....

phew....

or consider change from car to motorcycle?