do not wait to buy gold, just buy. gold is not a short term investment brader

Plan to open Public Bank GIA due to they allow online transaction but I heard the spread is quite high compare to UOB

u think now is a time to go in???

Just now bought 10g. Ask the maybank staff about physical withdraw. She said only at selected branch. Is it true?

i think today market will acting same as pass few days..
morning: upward trend
evening: downward trend
night: upward trend

any one have idea why the trend is like that?
what i can think of is currently different region country have different buy/sell behavior and trend, and due to time zone their market is open at different time.
That's y will have this kind of trend continuously few days...

Maybank rates at RM172.07 now. US$1,646. We'll get a better indication when European markets open later in the afternoon. But my guess is that gold will go down further. But in Malaysia, prices dont drop as rapidly as the USD keeps on rising. USD now at 3.19

UOB offering 170.90. wonder should i go in now. 

This UOB is like that, when price increased, very fast update on their website, when price dropped they normally just ignore unless very much different

this is one advantage of using online public bank to purchase gold... no need to waste time and effor to go to bank...
and also you can buy/sell quite fast...

just now got ppl say the website cannot login and sell...but no issue for me...

WHat long term investment??? Buying n selling within a month is long term for you?? You are gonna get burnt if you continue to invest like this. If ure looking for long term investment, then WAIT for prices to drop further. Then buy and HOLD. Dont buy n sell like stocks unless u are into ETF's.

this is totally wrong. For me i hold the real gold in my hand. You bought the gold at high price n sell the gold at lower price, u loss some money. Keep repeating this will make your money less and less. Lets say if you invest 2k into gold acc, buy high sell low n keep repeating this, maybe after 1 year the money u invest (2k) become 200 and from the begining till the end. You didnt get anything except losses. This is the reason why i buy real gold. No matter the gold price drop or raise, the gold still with me and i didnt loss anything. The value of the gold drop? I dont think so, as i see what happened these few days, all the seller suspend their web server or they just put 'out of stock'. It means that at this time, you got money also cant buy the real gold with the current spot price, unless you offer higher price.

yes i know what u mean. What i mean is, if u keep repeating to cut your losses, in the end you got nothing to hold in your hand except the gold saving passbook with no value. RM6.91 per gram, lets say u have 20g in your account. You will loss RM6.91x20g= RM138.20. When the gold price drop and you keep 'cut losses', in the end you got nothing left except the gold saving passbook. I just let u know what is the difference between buying physical gold and paper gold