today gold going back up again. Rm168.30/g buying rate at UOB.

Gold showing me no direction in TA. Still sideways.

Kitco MYR 165.44 per gram. Guess the gold price is currently stabilize between 162 to 168..

Excellent Gold should stay stable...

BTW anyone planning to visit SCIF 2012? Lots of mints and PM related items will be on sale.

Some of the attendees include

Banco De Mexico
Bureau Of Grand National Treasure (Thai Mint)
China Gold Coin Incorporation
Israel Coins and Medals Corp. (ICMC)
Korea Pugang Coins Corp. a
Monnaie De Paris



This post has been edited by aaronpang: Mar 13 2012, 02:42 PM

Gold trading at $1703 - a good resistance in gold price at $1718 if gold break this and sustain above this level, than gold can possibly fire till $1728-1740 and even more after that...

any place to trade in gold bar less than 10 %????????????????????

HI, i just bough at CIMB bank at 169.4 at last 2 days... is it consider quite high price=( now drop to 167 only....

Gold is for long term. Wait for it to rise again

if drop till 165 do you guys think i should buy again?

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Added on March 14, 2012, 12:46 pmor lower than 160.?

This post has been edited by Carmen00: Mar 14 2012, 12:46 PM

The lowest for last year 2011 is RM164 +/-.... what do you think if RM165/gram?

Just some opinion, if you really do have high price elasticity of gold price, then I would suggest you learn the past performance of the top's gold investor like John Paulson. He converted almost all of his billions of fortune into gold last September, losses about 10%, continue to remain upbeat and have faith in the precious metals for the coming years.

Or if you really worried about the price volatility of precious metals, then gold investment is not your playground. Find other type of saving/investment like fixed deposit or ASB.

hi there

now gold price 1664 USD /oz

how to convert into RM per gram?

what is the formula already?

1 oz = 31.1 gram

Therefore, USD$1664 divide by 31.1 you get gold price per gram.

In this calculation, USD$1664/31.1 is USD$53.50/g

Forex is approx 3.05 today, thus to get it in RM, multiple by forex exchange rate: USD$53.50 x 3.05 = MYR163.18/gram.

Simple math.

All the best in your precious metals investment

thanks alot.. i was searching around.. the google give me that 1oz = 28gram.. sigh...

but you corrected the oz! tqverymuch!

now the price go below 1650..is ur statement here still valid?

gold price even lower than platinum now.

For precious metals, we measure it in Troy Ounce, ozt. However, we are used to just calling it, Ounce or oz in short.

Ounce, without the "Troy" are meant for general mass measurement, such as milk, powder, food etc. 1 ounce is 28.35 gram.

So long it is related to precious metals, be it gold, silver or platinum, always measure in Troy Ounce, which is 31.1 gram = 1 ozt.

Read more on this in my blog here: Ounce, Troy Ounce, Gram, Dinar, Dirham and Tael?

All the best in your gold investment

bought weeks ago RM167.5 from pbb

How long? 5yrs?

Apple stock gains 50% since Steve Jobs dead, looks like stock perform better.

Most analysts held that $1650 is a key support level. Falling below this level means the previous ascending triangle pattern (as seen in the charts) will fail, thus possibility of downtrends will continue...