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

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potenza10
post Nov 22 2011, 12:12 PM

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Maybank still at rm176..
xproc
post Nov 22 2011, 12:27 PM

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already lower than the price i sell 3 weeks ago...
potenza10
post Nov 22 2011, 12:51 PM

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QUOTE(xproc @ Nov 22 2011, 12:27 PM)
already lower than the price i sell 3 weeks ago...
*

how many years did u start with maybank gold account?
xproc
post Nov 22 2011, 01:45 PM

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3 months only with pbb, not mb, but tracking the market over 2 years already. over the 2 years just see the price keep rise, and say wait lower only buy... it doesnt works with current spread configuration at most major banks except uob,

i pick pbb becoz of convenience
vandetta
post Nov 22 2011, 02:09 PM

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Guys, I started last month, with price 184.40.. now the price dropped to 175.59.. will it drop more or is it ok if go buy now? Please advice.
xproc
post Nov 22 2011, 02:46 PM

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QUOTE(vandetta @ Nov 22 2011, 02:09 PM)
Guys, I started last month, with price 184.40.. now the price dropped to 175.59.. will it drop more or is it ok if go buy now? Please advice.
*
buy as long as you have spare cash to average down your buying price, don't use emergency cash. Anyway, you make your own decision, trust your instinct.
vandetta
post Nov 22 2011, 02:51 PM

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QUOTE(xproc @ Nov 22 2011, 02:46 PM)
buy as long as you have spare cash to average down your buying price, don't use emergency cash. Anyway, you make your own decision, trust your instinct.
*
I do have spare cash.. so your advice is, instead of waiting until the lowest price (which we would not know when) then its better to buy now?

Its RM8 difference since the last time I bought.
ooorait
post Nov 22 2011, 03:05 PM

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hope will drop until end of this month..
wait for xtra cash to open with mebeng =)
potenza10
post Nov 22 2011, 03:12 PM

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Its hard to predict how low the price will go..last month i thought 170-175 is consider to high because i bought below 170 price.but this month, the price play around 180 ady...so, quite upset didnt add additional grams when price start to play between 170-175....sighhhh...
vandetta
post Nov 22 2011, 03:20 PM

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I think I will topup some today.
potenza10
post Nov 22 2011, 11:38 PM

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QUOTE(cherroy @ Nov 18 2011, 11:04 AM)
Over valued, undervalued, I don't know.
But I just using my old house, and surrounding house and KL terrace house as benchmark.

I don't know how to value.
I only know last time, a terrace house can be bought at 50-100k during 1980, and gold price was USD 300-500.
Now a terrace house need at least 700k-1mil and gold price is USD 1750.

I don't know where to get a terrace house in urban area like Penang/KL with 2kg gold?

I only know last time, a bowl of mee cost me Rm0.20, when I was kid, when gold was USD300
Now, a bowl of mee, cost Rm4-5, and gold price is USD 1750.

I don't know how to calculate, I just use simple mechanism, especially a bowl of mee which is most important for me, as fill the stomach is the most important "hedge inflation" benchmark.  tongue.gif
*
if u compare house price vs gold, u will see house price depreciated more than 50% of gold value from 2003 until 2010.
thunderaj
post Nov 23 2011, 11:56 AM

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gold price myr 173.24 per gram
BoboTheGrouch
post Nov 23 2011, 12:33 PM

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hmmm just topped up today...hope its the right timing...
Nidz
post Nov 23 2011, 12:51 PM

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QUOTE(potenza10 @ Nov 22 2011, 11:38 PM)
if u compare house price vs gold, u will see house price depreciated more than 50% of gold value from 2003 until 2010.
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we cannot compare *fairly* between these two things. house price will depends on the location, access, facilities etc...
gold price depends on the international spot market.

i wouldn't say that house price depreciated more than gold, its just that its ROI is not as good as gold, if you compare from 2000-2011...
House price might get 100-200% ROI, but gold get more than 600%.

percentage wise, gold is better. but if we calculate on the amount, house price can get much better.

in 2000, it normal for ppl to buy 200-300k houses -> now its worth more than 600k
but who buys gold in 200-300k in year 2000? sweat.gif

if you really wanna compare percentage, then silver wins. more than 700% returns since 2000. thumbup.gif
penanghomes
post Nov 23 2011, 02:20 PM

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bought uob@ rm177
ccc8910
post Nov 23 2011, 04:07 PM

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guys i m new in this gold investment...need to ask something..

when i check the "gold live" link in the first page, it stated RM208 for 999 gold...how come can get RM177 @ UOB...izit the same range?
cherroy
post Nov 23 2011, 04:16 PM

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QUOTE(ccc8910 @ Nov 23 2011, 04:07 PM)
guys i m new in this gold investment...need to ask something..

when i check the "gold live" link in the first page, it stated RM208 for 999 gold...how come can get RM177 @ UOB...izit the same range?
*
Probably 208 is the retail pricing.

Gold never reach Rm208 before, if not mistaken, it never cross the Rm200 mark.
RM17x is the spot price, the real worth/value of gold.
Nidz
post Nov 23 2011, 04:33 PM

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rm208 is the price fixed by FGJAM for 999 gold products sold in the jeweleries shop.
ccc8910
post Nov 23 2011, 04:36 PM

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QUOTE(cherroy @ Nov 23 2011, 04:16 PM)
Probably 208 is the retail pricing.

Gold never reach Rm208 before, if not mistaken, it never cross the Rm200 mark.
RM17x is the spot price, the real worth/value of gold.
*
ic..i never know can purchase at discounted price..thx for the info..

i been asking this as i was approached by my friends husband which is doing gold investment, he explain the plan to me:
i) buy 100g of 999 gold with current market price RM20,800 (RM208 x 100)
ii) upon purchased, he will hand me the physical gold which i can verified at goldsmith shop for purity
iii) after 3 months, he will buy back the gold with profit margin of 7% (RM1456)

that's y i m still considering if i wanna buy from his plan or direct from bank....i did heard alot of scams about gold coins before...sorry if this is not the right thread to ask this blush.gif anyone can shed a light smile.gif
cherroy
post Nov 23 2011, 04:43 PM

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QUOTE(ccc8910 @ Nov 23 2011, 04:36 PM)
ic..i never know can purchase at discounted price..thx for the info..

i been asking this as i was approached by my friends husband which is doing gold investment, he explain the plan to me:
i) buy 100g of 999 gold with current market price RM20,800 (RM208 x 100)
ii) upon purchased, he will hand me the physical gold which i can verified at goldsmith shop for purity
iii) after 3 months, he will buy back the gold with profit margin of 7% (RM1456)

that's y i m still considering if i wanna buy from his plan or direct from bank....i did heard alot of scams about gold coins before...sorry if this is not the right thread to ask this  blush.gif  anyone can shed a light  smile.gif
*
It is not "discount" price. It is the real worth price of gold

Rm208 is the retail price is already taking into account or profit margin.
Instead of saying Rm17x is discount price, you can view Rm208 is gold real worth + profit margin/for retailers.

Gold doesn't yield any interest nor can grow, where he find the money to pay you the 7%? rolleyes.gif

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