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 Gold investment corner v4, Will gold price achieve USD2000 by 2012?

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potenza10
post Feb 29 2012, 08:19 PM

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Back in 2001, 1oz of KE can buy me 217 plate of chicken rice at RM4.

Now in 2012, 1 oz of KE can buy me 710 plate of chicken rice at RM8! flex.gif

Start buying gold and stock up guys!

This post has been edited by potenza10: Feb 29 2012, 08:20 PM
potenza10
post Mar 1 2012, 03:20 PM

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-edited-

This post has been edited by potenza10: Mar 1 2012, 11:47 PM
potenza10
post Mar 2 2012, 07:13 PM

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History proves that precious metal play a part in trading goods.
potenza10
post Mar 23 2012, 05:28 PM

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Just Public Bank allow to do online transaction for gold account....for maybank, u just can see how many grams u hold in your account.no online transactions.
potenza10
post Apr 3 2012, 08:29 AM

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Tomei!
potenza10
post Apr 13 2012, 08:13 AM

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Drop or going up, it is their behavior tongue.gif
potenza10
post Apr 16 2012, 01:51 PM

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QUOTE(MugenK20A @ Apr 16 2012, 01:10 PM)
So does banks trade 999 gold? I mean paper gold
*
Who said 916? I believe UOB gold account holder can convert to physical gold if they want, with some amount of money.
potenza10
post Apr 16 2012, 02:26 PM

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QUOTE(MugenK20A @ Apr 16 2012, 12:17 PM)
Ok i just came out from a goldsmith shop. I asked their selling price for 916 & 999 gold pricing.

1. 999 gold/gram - rm190
    916 gold/gram - rm169

2. They said paper gold sold/traded by banks was 916 & NOT 999 gold

Never visit other goldsmith shop except this 1. So buy 916 or 999?
*
Which goldsmith did u go? AFAIK, all goldsmith will follow http://www.fgjam.org.my/ and the price for 916 is RM180

This post has been edited by potenza10: Apr 16 2012, 02:27 PM
potenza10
post May 19 2012, 05:11 PM

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Correction...in precious metals, we use troy ounce..thus 1oz=31.1g apply
potenza10
post May 26 2012, 04:53 PM

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QUOTE(debbieyss @ May 26 2012, 01:10 PM)
Will gold price achieve USD2000 by 2012?
My answer is NO, as long as the market is turning bad.
*

Anyone can say like that laaa....lol!
potenza10
post May 26 2012, 07:11 PM

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QUOTE(happy4ever @ May 26 2012, 05:18 PM)
Disprove my point if you're capable.  whistling.gif
Gold owners can sell it at any amount to any willing buyers. lol. They dont follow market rate.

Only banks follow the rate
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This is one more funny fact. Who are willing to buy gold much more than market value? Except for collectable items, anyone will refer to current market value. Dont say u can find a buyer that willing to buy 1oz pamp with 500 more expensive than market price... doh.gif
potenza10
post May 27 2012, 01:40 PM

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I sold all my paper gold to buy physical one..


Added on May 27, 2012, 1:41 pm
QUOTE(otherwise @ May 27 2012, 01:32 AM)
Need some opinions, is it a g good move if i want to pawn my gold to settle my credit card debt?
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Yes.

This post has been edited by potenza10: May 27 2012, 01:41 PM
potenza10
post May 28 2012, 08:33 PM

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QUOTE(j.passing.by @ May 28 2012, 04:57 PM)
UOB 27/05/12 prices:

Weight.....Gold Type...........Cost/gm...Bank Selling..Bank Buying.....Sell/BuyDifference
1 OZ........AUST NUGGETS..167.47......5209.00.........5024.00...........3.6%
1/2 OZ.....AUST NUGGETS..173.10.......2692.00........2522.00............6.3%
1/4 OZ.....AUST NUGGETS..180.43.......1403.00........1268.00............9.6%
1/10 OZ...AUST NUGGETS..196.44........611.00..........514.00.............15.9%
1/20 OZ...AUST NUGGETS..255.92........398.00..........268.00..............32.7%

for comparison:
Gold Savings Acct 1gm Sell RM161.60; Buy RM159.60.

Anyone here bought gold bullion coins from UOB before? Are they always in stock?
*

U have to call them before u buy.
potenza10
post May 29 2012, 12:22 PM

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QUOTE(j.passing.by @ May 28 2012, 11:35 PM)
Noted; thanks. Will check with UOB on next visit.
Which would be better, the kangaroo or the leaf? (I don't think the lion is popular; and not nice looking.)
Noted; that's reason why the buy/sell spread % was added into the data. Also the RM cost per gram.

Just to contribute & share with newbies here (me a newbie too); and especially with those born with silver spoon in mouth and yet never heard of silverware.  whistling.gif

100g is PAMP GOLD at RM17,368. That's too much at one go. The 1oz & 1/2oz coins looks reasonable...

Cheers & good night.
*
Saw many people will prefer the kangaroo.
potenza10
post May 29 2012, 04:56 PM

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Dont put a hope for short term return guys.
potenza10
post Jun 5 2012, 09:01 PM

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Oh no..not again.debate about gold can hedge inflation, paper gold vs physical gold..

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