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

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o0o0
post Sep 13 2011, 10:05 AM

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the gold price is keep going up since early morning,
no worry, very soon will recover back to 1850 point or even higher.

but i suspect that by evening, the price will drop to 1820 again...

now i'm waiting the 1800 dip to come and buy in some more...
o0o0
post Sep 13 2011, 11:52 AM

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as i know US holds the largest gold reserve in the world,
do you guys worry that US will sell a portion of their gold to pay off their debt, instead of printing money?

if they do so, gold price will face a sharp dip,
and will go back to 1300 price point,
here is where the gold's bubbles break.
o0o0
post Sep 13 2011, 04:39 PM

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ya.. approaching 17xx.
same situation with yesterday...

i want to buy in at this price point also no chance already...
because Msia market close at 4.45pm.. sigh..
o0o0
post Sep 14 2011, 11:50 AM

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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...
o0o0
post Sep 14 2011, 07:39 PM

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When QE3 come, gold price will burst?
Sure?

How come this is opposite situation with my understanding...
My understating is, when QE3 approved, US will print more money to pay off their debt and plum into the market.
Due to USD supply increased, USD currency drop.
Hence investors will try to reduce their losses / depreciation of asset by liquidate their stock & currency and invest in commodities, ie Gold.
Therefore gold price will appreciate.

The same thing happened on QE1 and 2.
Is my understanding correct?
o0o0
post Sep 15 2011, 08:49 PM

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i always faced this situation,
gold price reduced but Msia market closed, can't buy in,
after Msia market opened, the price skyrocketing back.... ==
o0o0
post Sep 16 2011, 12:10 AM

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QUOTE(buysell @ Sep 16 2011, 12:01 AM)
doh.gif Tomorrow will drop even more, buy all you can on next monday morning as price expected to drop 1700.
*
too late... Monday will back to RM 181...
o0o0
post Sep 16 2011, 11:19 AM

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QUOTE(buysell @ Sep 16 2011, 12:35 AM)
Nope, by the look at it, gold will keep decreasing until next tuesday before it increase back. nod.gif
*
Wow.. Haha.. U sure Tuesday US will announce some bad news to stimulate the gold market?

Now looking at the gold price keep dropping, I totally no appetise to eat... Sad...
o0o0
post Sep 16 2011, 11:34 AM

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QUOTE(prophetjul @ Sep 16 2011, 11:22 AM)
Matey

If you are looking for fast return, stay outta of precious metals..

If you cant stomach volatility of your investment, stay outta of precious metals..    nod.gif
*
Not la, I invest for long term...

I'm just regret that I buy in too early.. sad.gif
o0o0
post Sep 16 2011, 05:21 PM

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later US market opened, maybe price will drop again...
US investors are selling their gold like crazy yesterday....

This post has been edited by o0o0: Sep 16 2011, 05:21 PM
o0o0
post Sep 16 2011, 11:26 PM

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haha... now Msia investors are hate Msia day!

RM 180 is also a good price to buy in...
by end of this year will increase to RM 200..
o0o0
post Sep 17 2011, 01:00 AM

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right after the US market opened today, the gold price is keep on going up steadily...

by observing the graph i noticed 1 thing, today no "sharp" increment / decrement.
i guess this upward trend is due to buy in from small player / investors.

the previous days, i noticed a lot of "sharp" increment / decrement, which i guess it's due to big player / investors...
perhaps a group of ppl are trading with insider info...
o0o0
post Sep 18 2011, 06:21 PM

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QUOTE(dummies @ Sep 18 2011, 05:57 PM)
Compare UOB vs Public Bank vs Maybank vs CIMB gold investment account, which one offer the best features and rates ?

thanks
*
In term of best rate, UOB has the smallest spread, +-RM2 only.
but they do not have Online Trading, buy/sell have to done over their counter where i feel it's very troublesome.

The spread of Public Bank is around +-RM7.
and they provide Online Trading feature.

i'm not sure Maybank & CIMB provide online trading or not.
o0o0
post Sep 18 2011, 10:04 PM

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QUOTE(bigwolf @ Sep 18 2011, 09:16 PM)
the uob staff must be dreaming while talking to you  laugh.gif  no problems with opening gold account, like another forummer said, you only need to open a savings a/c only and can buy oledi. if you're investing above 1000gm, you can consider the premier gold account. spread is only rm1 per gm, even better to trade
*
ya, the spread of UOB Premium Gold account is extremely attractive!

BUT initial investment is 1KG, AND trading unit is 1KG!!
means that every time buy in minimum must be 1KG gold, sell out must minimum 1KG! (1KG gold = ~RM 180,000)
not much ppl have this ability trading in "2 Honda City" unit. tongue.gif
even have the ability, also no guts to bear such high risk...


unless the person planning to invest in long term 10 or 15 years, and after deposit in not going to see / hear / know the gold price,
else... may die of heart attack! blush.gif
o0o0
post Sep 18 2011, 10:43 PM

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QUOTE(bigwolf @ Sep 18 2011, 10:24 PM)
So which is which?

This report came out on Sept 14:
Stocks rally on hopes for Greece

Then this on Sept 16:
Europe default risk signal flashing red

Barely 2 days after the Greece-would-achieve-fiscal-targets feelgood news, we're back to Greece-near-100%-default doomsday warning  tongue.gif

While its almost certain if euro collapse, gold & silver will rocket to the skies, but what about the China factor? What happens if China & the rest of the BRIC injects massive capital to save euro? What would be the effect on gold & silver? Bearish outcome while massive rallies for the share market?

Whats the possibility of BRIC intervening to save euro?

Can China and the other BRIC nations save Europe?

Added on September 18, 2011, 10:29 pm

i did mention if investing above 1000gm ma, thats 1kg ler. mana tau we have some millionaires here who thinks 4 - 5kg are peanuts. the fella might be so grateful of my recommendation he spends me a few grams as commission  drool.gif
*
hehe.. sorry, no offense..

hopefully China don't campur tangan la..
i tot China & US bermusuh....... unsure.gif
o0o0
post Sep 19 2011, 10:21 PM

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ya.. i'm also curious...
US / Euro announce some "bad" news? sad.gif
o0o0
post Sep 19 2011, 10:42 PM

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but now it is dropping sharply...
within 30 minute only, drop from RM 182 to RM 178.5
dropped RM3.50

i read a news saying that Obama is going to announce something on later 10.30pm.
not sure is it related to this...
o0o0
post Sep 20 2011, 01:46 PM

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Damn...
Stock market down!
Currency down!
Gold also down!
Every thing are down!!
Then what is up???

Where is the investors' money go? sad.gif
o0o0
post Sep 23 2011, 07:19 AM

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Gold price and stock price both droping is due to investor dumping stock, commodities & nearly every thing, and ran to the safety US Treasury.

Due to the bank spread, until now I still haven't break even yet...
So i better leave it there, hopefully the later changes on Greec would help the gold price...
o0o0
post Sep 23 2011, 12:17 PM

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Looking at the graph of pass 12 hours gold price,
It seem the price is starting to be stable..

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