Never buy bullions from jewellery shops......only stoopid people do that.
They charge like 25% premiums over spot...............silly
Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings
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Sep 1 2011, 10:21 AM
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#1
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All Stars
12,273 posts Joined: Oct 2010 |
Never buy bullions from jewellery shops......only stoopid people do that.
They charge like 25% premiums over spot...............silly |
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Sep 5 2011, 08:17 AM
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#2
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All Stars
12,273 posts Joined: Oct 2010 |
When i bought Kijang in 2002/2003 from maybank, there was NO paperwork. They just sold me the coins........so how?
Only UOB gave a certificate of sales |
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Sep 5 2011, 09:34 AM
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#3
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All Stars
12,273 posts Joined: Oct 2010 |
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Sep 5 2011, 10:11 AM
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#4
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All Stars
12,273 posts Joined: Oct 2010 |
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Sep 5 2011, 11:40 AM
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#5
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(OneBuck @ Sep 5 2011, 11:37 AM) When i bought Kijang, i did ask the officer about sell back. She mention we doesn't required to bring anything, except the Kijang. duh YesBut asking and actual selling is two different thing. Btw, i still keep my receipt. thats what they told me. i guess they have some testing equipment. If they refuse them i will bring them to bank negara! |
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Sep 5 2011, 01:53 PM
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#6
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(mbj78 @ Sep 5 2011, 01:38 PM) QUOTE If you study the 30 day history of gold on the market, available here, you will note two distinct patterns – one, that gold has made huge gains in the past 30 days, and two, that the price has often bottomed out in a matter of days or even hours What rubbish is this? Bottom out in matter of days and hours? Look at the chart for past year....... Then he tells you to sell? How to sell when it bottoms and swings upwards so fast?????? He contradicts himself! Its obvious this idiot conman is trying to get you to sell yer gold to him/her QUOTE The most convenient and easy way to sell your gold is through an online gold broker. Using an online gold broker to get cash for your gold eliminates the need to search for a reputable local gold broker, which may be difficult to find in smaller markets and rural areas, while also saving you time and money. Selling your gold to an online broker is a safe, secure method of getting cash for gold while the value of gold is still high. It’s as simple as contacting the gold broker, requesting a gold kit, and dropping the insured mailer in your mailbox. The gold broker will then give you an appraisal for your items, and if you decide to sell, the broker will then make payment for your gold. |
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Sep 5 2011, 02:03 PM
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#7
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(mbj78 @ Sep 5 2011, 02:00 PM) Prophetjul, No ler....i am just commenting on the writeup........ its rubbish info IMODon't angry with me, i just copy from the GOLD NEWS.. (Only the info we must read and to study) Not to follow it all... IMO hes luring people to sell their jewellery most probably at cheap rates......... |
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Sep 5 2011, 04:21 PM
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#8
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(trencher10 @ Sep 5 2011, 03:46 PM) Well, I know for a fact when there's those stalls of Cash4Gold, fiat money is on the runs ... only very financially unwise people are unloading personal gold for small gains. Added on September 5, 2011, 3:48 pm The bank or the Kijang you want to haul? Which one get better compensation? Lawsuit or on-the-spot exchange? [ yes....there are lotsa fast snakes who are gunnning for those hapless ones............ BOTH.... Last time i made big hohaah to BNegara about Maybank raising their kijang premiums from 3.4% to 6%...... seemed to work! |
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Sep 6 2011, 07:30 AM
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#9
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(zaizu @ Sep 5 2011, 11:27 PM) my two cents opinion i am invested in both physical and paper gold.as only those who have physical gold would enjoy the maximum benefit of the price increase GOLD is GOD's money will never lose - ONLY PROFITt AND i am making profit on both. What are you using to buy yer groceries? |
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Sep 6 2011, 08:38 AM
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#10
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All Stars
12,273 posts Joined: Oct 2010 |
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Sep 7 2011, 08:00 AM
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#11
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All Stars
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QUOTE(cybermaster98 @ Sep 7 2011, 07:53 AM) Investors who were putting their money in Swiss Francs were badly hit. So most of them would have pulled put but didnt go into stocks or gold which probably led to gold dropping in tandem with stocks. But wait for the European stock markets to open later in the afternoon before we can gauge the true impact of the Swiss Franc peg. Gold currently trading at US$1,877 now. We should see a price of about RM 182/g on Maybank this morning. There were TWO safe havens......Swiss Francs and Gold..............now theres one left |
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Sep 8 2011, 07:39 AM
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#12
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All Stars
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QUOTE(hongchai888 @ Sep 8 2011, 07:22 AM) I agree with that. If you put long term for gold your return can up to 50% for 1 year. Dont be silly.......gold has not return more than 35% in a year in ringgit terms in the last ten years...........If u manage to buy 500gm x 50%, do the math Even yer statement is ridiculous..........long term and 1 year..........1 year is not long.......... |
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Sep 8 2011, 07:55 AM
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#13
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All Stars
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QUOTE(hongchai888 @ Sep 8 2011, 07:44 AM) Even that is speculative.....there are no guarantees......especially when someone buys gold at the rising price.We may see still see the gap at $1675 to be closed. In 2004, gold returned 'only' 5.37%..........so theres no guarantee You message is misleading..........even with 50% over two years |
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Sep 8 2011, 10:27 AM
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#14
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(Alexdino @ Sep 8 2011, 10:16 AM) but 2004 is so old liao.. did you see the trend of recent year? 2010, 2009? The way hes written, hes so sure.....do the maths at 50%........ theres no guarantee, but confirm is the return will be there, even 5.37 is better than fix deposit saving. If you buy HIGH, you may not get the 50% in two years, let alone a year....... This year to date, gold has alreadt risen 24.68%.......means if you buy NOW, you maybe buying HIGH So, whats the probability of making another 25%??? In the last 10 years, gold has not returned more than 24% in annual gains, only 4 years more than 20% SO do yer maths on RISK/REWARDS.......... This post has been edited by prophetjul: Sep 8 2011, 10:28 AM |
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Sep 8 2011, 10:43 AM
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#15
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All Stars
12,273 posts Joined: Oct 2010 |
QUOTE(wongmunkeong @ Sep 8 2011, 10:30 AM) bro, U should encourage these fellows lar since U bought at nearly all time low, since they're not statistically inclined and think gold's the greatest Dont want to see gungho newbies getting hurt and giving gold a bad name like some MLM Let them chase it higher (and U know what to do lar In trading, it's a negative (including brokerage/middle-men costs) sum game, gotta have a someone holding the last bag mar sellers here. Many are just jumping in the bandwagon without proper research and making obscene projections without qualifying numbers and statements. Some people may just get injured financially |
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Sep 8 2011, 10:53 AM
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#16
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All Stars
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QUOTE(Alexdino @ Sep 8 2011, 10:47 AM) the word "maybe'? i have shown you some figures...........its up to you to judge whther the risk is worth it"HIGH" is very subjective for different people, some people might have the capital to go in high while other wait for low end, but eventually it will go up again, it depend how much you would like to profit from there, set your target and go in with your affordable capital, you will never know when it will be lowest or when will it be at highest. btw, this is my personal thought and it might not promise a good return or you are just a sheeple trying to jump on.......... |
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Sep 8 2011, 11:01 AM
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#17
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All Stars
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And dontwet in yer pants if gold corrected like in 2008 from $1033 to $681..........
Thats 34% correction from high.................. |
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Sep 8 2011, 11:10 AM
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#18
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All Stars
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Sep 8 2011, 11:22 AM
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#19
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All Stars
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QUOTE(Alexdino @ Sep 8 2011, 11:15 AM) wow, you sure? it will hit 'big' correction? like the prediction at 1600? Easier said than done.hmm.. like all the people advising, don't go for short term, hmm but they don't guarantee long term also profit la. You would only stay in an investment when its taken a dive provided you know WHY you are invested in it and not a sheeple who wants to stowaway on the boat......... |
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Sep 8 2011, 11:32 AM
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#20
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All Stars
12,273 posts Joined: Oct 2010 |
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