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

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prophetjul
post Sep 1 2011, 10:21 AM

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Never buy bullions from jewellery shops......only stoopid people do that.
They charge like 25% premiums over spot...............silly
prophetjul
post Sep 5 2011, 08:17 AM

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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
prophetjul
post Sep 5 2011, 09:34 AM

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QUOTE(GoldChan @ Sep 5 2011, 09:24 AM)
can sell back to me at discount.  tongue.gif
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haha...........seriously, anyone sold back to maybank?

i havent sold any since i bought...............
prophetjul
post Sep 5 2011, 10:11 AM

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QUOTE(yaokb @ Sep 5 2011, 09:48 AM)
it is possible to sell you kijang on the open market at Spot minus a few %, very close to Bank prices
lots of buyers around now.
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What do you mean 'open' market?

Just advertise any where? Like ebay, mudah, etc? biggrin.gif
prophetjul
post Sep 5 2011, 11:40 AM

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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  tongue.gif

But asking and actual selling is two different thing.

Btw, i still keep my receipt.
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Yes

thats what they told me. i guess they have some testing equipment.

If they refuse them i will bring them to bank negara! biggrin.gif
prophetjul
post Sep 5 2011, 01:53 PM

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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.




prophetjul
post Sep 5 2011, 02:03 PM

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QUOTE(mbj78 @ Sep 5 2011, 02:00 PM)
Prophetjul,
Don'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...
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No ler....i am just commenting on the writeup........ its rubbish info IMO

IMO hes luring people to sell their jewellery most probably at cheap rates.........
prophetjul
post Sep 5 2011, 04:21 PM

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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?  biggrin.gif

[


yes....there are lotsa fast snakes who are gunnning for those hapless ones............ mad.gif

BOTH.... biggrin.gif

Last time i made big hohaah to BNegara about Maybank raising their kijang premiums from 3.4% to 6%......

seemed to work! biggrin.gif
prophetjul
post Sep 6 2011, 07:30 AM

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QUOTE(zaizu @ Sep 5 2011, 11:27 PM)
my two cents opinion


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


i am invested in both physical and paper gold.
AND i am making profit on both.

What are you using to buy yer groceries? biggrin.gif
prophetjul
post Sep 6 2011, 08:38 AM

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QUOTE(GoldChan @ Sep 6 2011, 08:33 AM)
dun waste your time . It's a private arrangement between themselves.
*
Should let MACC know.............
prophetjul
post Sep 7 2011, 08:00 AM

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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.
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There were TWO safe havens......Swiss Francs and Gold..............now theres one left
prophetjul
post Sep 8 2011, 07:39 AM

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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.
If u manage to buy 500gm x 50%, do the math
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Dont be silly.......gold has not return more than 35% in a year in ringgit terms in the last ten years...........

Even yer statement is ridiculous..........long term and 1 year..........1 year is not long.......... nod.gif
prophetjul
post Sep 8 2011, 07:55 AM

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QUOTE(hongchai888 @ Sep 8 2011, 07:44 AM)
Mistype  doh.gif  should be 2 yrs
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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
prophetjul
post Sep 8 2011, 10:27 AM

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QUOTE(Alexdino @ Sep 8 2011, 10:16 AM)
but 2004 is so old liao.. did you see the trend of recent year? 2010, 2009?

theres no guarantee, but confirm is the return will be there, even 5.37 is better than fix deposit saving.
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The way hes written, hes so sure.....do the maths at 50%........

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%??? whistling.gif

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.......... rolleyes.gif

This post has been edited by prophetjul: Sep 8 2011, 10:28 AM
prophetjul
post Sep 8 2011, 10:43 AM

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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 tongue.gif
Let them chase it higher (and U know what to do lar  brows.gif)
In trading, it's a negative (including brokerage/middle-men costs) sum game, gotta have a someone holding the last bag mar  blush.gif
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Dont want to see gungho newbies getting hurt and giving gold a bad name like some MLM
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
prophetjul
post Sep 8 2011, 10:53 AM

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QUOTE(Alexdino @ Sep 8 2011, 10:47 AM)
the word "maybe'?  tongue.gif  you would like to buy at affordable price or even miss the boat?

"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.

biggrin.gif enlighten me, where will it hit the lowest? i know everyone will want to earn with the highest margin, but you 'might' miss the boat.

btw, this is my personal thought and it might not promise a good return
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i have shown you some figures...........its up to you to judge whther the risk is worth it
or you are just a sheeple trying to jump on..........
whistling.gif
prophetjul
post Sep 8 2011, 11:01 AM

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And dontwet in yer pants if gold corrected like in 2008 from $1033 to $681.......... nod.gif

Thats 34% correction from high.................. biggrin.gif
prophetjul
post Sep 8 2011, 11:10 AM

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QUOTE(anechoic @ Sep 8 2011, 11:04 AM)
normally what condition the price will be corrected?

it was done before 2008 US recession??
*
This past rise in price was very fast, it may correct drastically

Why are you buyin gold?
prophetjul
post Sep 8 2011, 11:22 AM

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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? unsure.gif

hmm.. whistling.gif if im in 2008, buy at 1033 and buy even more at 681, sell at 1800.. profit? hmm.gif both still "profit", is just one earn 30% less then the other  laugh.gif, i know everyone want to earn the most they can get, but just don't be too greedy  tongue.gif.

like all the people advising, don't go for short term,  hmm but they don't guarantee long term also profit la. sweat.gif
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Easier said than done.

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......... biggrin.gif
prophetjul
post Sep 8 2011, 11:32 AM

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QUOTE(Alexdino @ Sep 8 2011, 11:29 AM)
thumbup.gif  notworthy.gif

but can put it in layman language?  sad.gif
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Know WHY you are buying gold..........Funda-mental biggrin.gif

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