I have a question here:

The last paper gold price will affect our overall gold stock as we cant sell them separately by batch. For example we bought at different prices (of course we buy only when the price is low):
Jan - RM178
Feb - RM168
Mac - RM158

Then, to profit when to sell? Of course we shouldn't sell when the price increase to RM163 only when we had forked out RM178 in Jan.

Pls advice.

so today, good friday trading closed.

Happy Good Friday to all!

Hi, any one here who has dealings with the online gold sites listed in the link below? Care to share your experience? Many thanks!
http://www.trustablegold.com/compare-gold/calculator/

This post has been edited by BBSH: Apr 7 2012, 02:22 AM

you calculate how much total cost you for each month
then divide the total to how much gram you bought to get even
you should sell only when the price is higher than the even price

eg:

on Jan, you bought 10gm, total = RM 1780
on Feb, you bought 10gm, total = RM 1680
on Mac, you bought 10 gm, total = RM 1580

so, total is RM5040 then RM 5040/30gm = RM168

Then, to get profit, you should only sell when bank bought at RM168/gm

Good idea on average cost VS current sell value.

IMHO, if the buying is long term periodic, then i think another, perhaps more relevant way, would be to add in time-value of money, ie. look at all the invested cost VS current value as a %pa compounded. To do this easily, checkout the function XIRR in Excel.

Just a thought

gold is dropping like rain...would it drop further?

up a little , drop a lot , don b naive 2 buy gold now

i was more thinking of those people that are holding them right now..

So, it's basically to know the average price of per gram gold in hand, right?

Thanks for the advice.

---

Added on April 7, 2012, 11:34 pmappreciate if can show a simple example.

This post has been edited by frankzane: Apr 7 2012, 11:34 PM

Simple example

Thus, some example usage would be:
if / when the %pa compounded reaches your target profit, U sell some/all
OR
if U are value averaging down, when the loss %pa hits certain target, U put in an amount to buy "lelong" prices.
OR
???
Up to you to decide - no right/wrong . Just some possible trigger points and actions to bounce around.

Fuh, took me 2 days to finish reading this thread.
am interested to enter gold investment.
would read more before starting it.
im a student (grad next year) and im hoping to start up some funds for future purposes.
currently with 1k savings so i think Maybank/CIMB would b a good choice.
plus its the only 2 banks available in Cyberjaya.

now right time to buy gold? or wait for further drop?

heard that gold price will increase once US election done.
I think they cash out the money from gold bar to boost the economy.

Well said. If the republican under Mitt Rommney win the election, expect gold to rise further.

The reason? Upcoming war between U.S. and Russia. Mitt Rommney said several times that the biggest enemy of The US is Russia (Even tough the rest of the world know that the real enemy of the US is their own excessive debt).

thanks!

Agreed with you expect that the real enemy of US is Islamist terrorists.


Gold hovering around 160 rm per gram today

anybody bought tomei canada maple leaf gold coins before? got 5 gram one?

gold showing upward trend this few days..

is now a good time to start with 5gm?