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

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trinityz
post Sep 26 2011, 04:09 PM

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guys, where is the website to check the price of gold?
check at pbe.com can't find it...
trinityz
post Sep 26 2011, 04:23 PM

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QUOTE(buysell @ Sep 26 2011, 04:14 PM)
thanks bro, just called up public bank and i was told that the selling price now is RM 167.1. is this a good time to buy?
trinityz
post Sep 28 2011, 01:05 PM

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QUOTE(soundsyst64 @ Sep 28 2011, 11:32 AM)
I don't care much of losing money though since I focus this in long term. Everything we invest have a risk. biggrin.gif
*
how long are we talking about here? 2 years? 3 years?
let's say the price of gold is RM170/g now, how much does one can expect in say, 2 years time?
I was told that there only limit of RM50k for PBB GIA, so looking at it, it's not much profit right?

example:
September 2011
RM170/g

RM170 x 294g = RM49,980.00

September 2013
Let's say, RM190/g

RM190 x 292g = RM55,480.00

Total profit for 2 years = RM5,500.00
Profit per month = RM229


Is the calculation above correct? Assuming in 2013 the price is RM190/g
trinityz
post Sep 28 2011, 01:09 PM

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QUOTE(buysell @ Sep 28 2011, 01:08 PM)
Long term mean as long as you wish.
50K is the daily limit for online trading lah! doh.gif
*
damn, the counter girl told me only can put maximum RM50k doh.gif

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