first of all, does company B accept gold bar bought from company A?
if yes, they will set the spread according to their likes, e.g. 10%, 15% or even more.
it is up to them.

Can anyone explain to me the difference between silver and gold investments? I'm quite confused here

which mean if i wan to profit from my existing price.

ie.

if i buy 1 gram at rm100, then the spread is 10%

Later, I have to sell it at higher than rm110 to be able to profit from it?

hmm.. to simplify things, lets just put it this way.

Lets say, if u buy 1g at the current price of rm100, to sell it for a profit u must sell at least rm101 and above, right?
so, if the spread is around 10%, u must wait for the current price to be rm111. only then u can sell it at rm101 back to the company.

conclusion, the gold price already rose 10%. u just get rm1 profit.
whether it is worth it or not?

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Added on April 20, 2012, 11:05 pmWhat do u want to know?

Both are precious metals, used in industries, jewelries and investment.

-cost price are different, silver is much cheaper than gold
-price movement is relatively the same, bullish since last 10 years.
-percentage wise, for the last 10 years, silver has outperformed gold. refer to kitco charts.


This post has been edited by Nidz: Apr 20 2012, 11:05 PM

If lets say the gold price is RM190 per gram. If the dispersion is 12.5%. At least how much to cover my lost.

So use 100%-12.5% =87.5%
RM190/87.5% OR RM190/0.875
Answer: RM217

i know i'm too late for this.. is it not worth right to register this year onward? or maybe i should wait until the graph down a little bit..

Wrong section sorry. It should be at silver. *ignore*

This post has been edited by khorkahyong: Apr 21 2012, 02:54 AM

silver eh... too bad the banks dont have silver investment account

Singapore's UOB Bank already offer Silver Investment Account.
Not sure when this product will be introduced here.

http://www.uob.com.sg/personal/investments...ous_metals.html

Interested to know to buy in Bars. Is it sold according to the Gold actual price or like bullion(higher than normal price)??

Aisay, your pro gold tok guru name is prophetjul
the 'prophet' almost similar to Yoni Jacobs the chief investment strategist at Chart Prophet
but why this thread not so gembira and chirpy like last time why so quiet? so here is another entertainment

http://finance.yahoo.com/news/gold-inches-...-005922532.html

Gold posts 1 percent weekly drop; volume, options eyed

By Frank Tang and Jan Harvey

NEW YORK/LONDON (Reuters) - Gold ended nearly flat in thin trade on Friday, logging declines for two of the past three weeks as investors took to the sidelines ahead of a key U.S. option expiration and a Federal Reserve policy meeting next week.

The metal, which has tended to follow riskier assets, inched down despite the usually bullish factors of a weaker dollar, an oil rally and gains in U.S. equities on better-than-expected corporate results.

Options traders said that gold prices could gravitate toward the $1,650 strike price for call options ahead of next week's COMEX options expiry, dealers said.

U.S. gold futures' open interest, a liquidity gauge measuring the number of contracts outstanding, fell below the 400,000 lot for the first time this week, while Friday's volume was on track to be one of the weakest this year.

"We not only lost open interest but also volume, and a lot of that has to do with the sustained upward move of the stock market," said George Gero, vice president of RBC Capital Markets.

Gold has lost around $150 an ounce since late February after a strong run of U.S. economic data dashed hopes of further monetary easing by the Fed.

While gold was still 5 percent higher year to date despite recent setbacks, U.S. equities measured by the S&P 500 index have risen 10 percent so far this year.

Spot gold edged down 22 cents to $1,642.26 an ounce by 2:49 p.m. EDT (1849 GMT).

U.S. gold futures for June delivery settled up $1.40 at $1,642.80.

Trading volume was below 90,000 lots at 3 p.m., preliminary Reuters data showed, set to challenge this year's low of 97,189 lots set on April 9.

Gold is also struggling for direction as buyers await the outcome of IMF/World Bank semi-annual meetings this weekend, at which plans to tackle the euro zone debt crisis will be discussed, and the Federal Reserve's April 24-25 meeting on U.S. monetary policy.

$1,650 CALL STRIKE IN FOCUS

Open interest for the popular $1,650 call strike has nearly doubled over the last 30 days despite dwindling volume in futures, dealers said.

"There are over 12,000 lots (1.2 million ounces) of open interest on the COMEX expiry next Wednesday for the $1,650 strike," TD Securities precious metals analysts said in a note.

"This is clearly starting to draw market interest and will likely mean the price does not deviate significantly away until expiry," the note said.

Appetite for physical gold in India, historically the world's top bullion consumer, has been lackluster ahead of the gold-buying festival of Akshaya Tritiya on Tuesday next week, as high prices and rupee weakness curbed interest in the metal.

Silver was down 0.2 percent at $31.65 an ounce, while spot platinum edged up 0.1 percent to $1,576.24 an ounce and palladium rose 1.9 percent to $672.22 an ounce.

FYI

UOB Msia has introduced some paperwork when buying gold now. If you've not come across it, here it is and print it out, fill it before you go buy.





Attached File(s)
 UOBGoldPurchaseForms.pdf ( 178.01k ) Number of downloads: 86

come on pro gold forumers, based on my last article, u guys were able to put up a good fight. come on, do it one more time
unless u all are busy digging into your reserve buying and scooping as much gold as you can
with so many uncertainty and bad news abound, your price of gold should reflect those bull theory
think positive the price down is just me manipulating the gold market. those countries who buy gold can push up its price anytime

[attachmentid=2807183]

today i notice maybank gold investment account can buy gold online.

but i didnt dare to try it as no official annoucement yet.

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Added on April 24, 2012, 11:09 ampity the singaporean.

pity them, the account doesnt earn any interest, yet they must pay some annual administrative fee

This post has been edited by john123x: Apr 24 2012, 11:09 AM

AIYOYO, pro gold forumers and tok guru did not sent memo to thestar?
if u guys are giving out bad news to buy low and fleece the lemmings, then its ok la
no worries, by this year end, we will know gold direction

http://biz.thestar.com.my/news/story.asp?f...10&sec=business

Tuesday April 24, 2012
Gold losing lustre, is no more safe haven as price not holding up(update)
By JOHN LOH
johnloh@thestar.com.my

PETALING JAYA: Gold, which is seen as a safe haven in times of conflict or faltering stock markets, has been on the wane.

As at 5pm yesterday, spot gold had retreated some 14% to US$1,633.35 per ounce from its peak of US$1,900.20 per ounce last September, suggesting markets are not holding out for more quantitative easing (QE) from the US Federal Reserve (Fed) or other central banks.

Late last year, the European Central Bank embarked on the first of two funding operations to increase liquidity in the financial system and stave off a credit crunch, pumping in over one trillion euros of ultra-cheap three-year funds by the end of February.

Dubbed LTRO, or long-term refinancing operation, the funds were snapped up by some of Europe's biggest banks including Italy's UniCredit, France's BNP Paribas and Socit Gnrale, and La Caixa in Spain.

Despite that, gold has not tested US$1,900 per ounce levels since August and September, when a panic spawned by the eurozone debt crisis sent the precious metal to its record high.

Oversea-Chinese Banking Corp Ltd commodity analyst Barnabas Gan told StarBiz that gold had lost some of its lustre as a safe haven given the current risk in sentiments.

“The US dollar and Treasury bonds are currently our preferred safe havens to gold due to their relative price appreciation,” he said.

On chances that the Fed may announce further monetary easing after several closely-watched meetings, he said it was remote as the US government's Troubled Asset Relief Programme, a bailout programme launched in the wake of the 2008 financial crisis, was still ongoing.

Nonetheless, he does not discount the possibility for a new round of QE come June in spite of the lack of official hints, as a declining inflation rate and relatively high unemployment may give the US central bank “more ammunition” for QE3.

“Should our suspicion for the implementation of a QE3 this year come to pass, we expect gold to revert from a risky asset to a safe-haven asset and rally above US$1,800 per ounce by year-end,” he said.

Another analyst however opined that gold prices were entering a “critical area” and had the potential to be volatile.

Australia and New Zealand Banking Group Ltd senior commodities strategist Nick Trevethan said prices were forming a triangle formation and could find support at US$1,600 per ounce if it fell below US$1.630 per ounce.

But he added that gold prices had held steady, due in part to the move by central banks in emerging countries to increase their gold reserves to 15% from 5% over a 10-year period.

“There is some buying by central banks but not on a large scale. They buy when the price dips, which has helped to prop up prices,” he said.

He added that the Fed would set the direction tomorrow, and no mention of a QE would doubtlessly be received “badly” by gold markets, which typically rallied in anticipation of measures to boost liquidity.

“A QE would not be politically popular right now,” he said.

(Bernama reported Tuesday morning in Kuala Lumpur: THE PRICE OF GOLD AS AT 9.30 A.M. STOOD AT RM156.12 PER GRAMME, UP 33 SEN FROM RM155.79 AT 5.00 P.M YESTERDAY

AP reported from New York: Most commodity prices fell Monday(Tuesday morning Malaysian time) because of troubling news about Europe's debt and the pace of manufacturing in China.

Investors worried that the challenges faced by the two regions could hurt the global economy, which would slow demand for commodities. Prices for gold, copper, silver, oil and soybeans fell.

Gold for June delivery fell $10.20 to finish at $1,632.60 an ounce, May copper dropped 7.2 cents to $3.626 per pound, May silver decreased $1.12, or 3.5 percent, to $30.531 per ounce, July platinum declined $27.90 to $1,556.30 an ounce and June palladium ended down $6 at $670.90 an ounce.)

gold at myr 160 per gram . Showing some downtrend this week.

I read somewhere here many moons ago that due to global uncertainty, gold is a good buy due to certainty
furthermore, tis forum stated many nations buy it as part of their reserve and the price will go to moon
no matter who wins in france elections, the winner won't let the euroweenies debt problem meletup
it does not make sense for the usa federal reserve to do qe3 and make u guys rich
the economy wil be on life support until usa election kicks out the anti capitalist socialist obama policies

http://www.reuters.com/article/2012/04/24/...E8390RW20120424

Gold edges down amid euro zone worries; Fed eyed

By Rujun Shen

SINGAPORE | Tue Apr 24, 2012 2:56am EDT

SINGAPORE (Reuters) - Gold edged lower on Tuesday as investors waited for a U.S. Federal Reserve meeting to shed some light on the central bank's monetary policy amid caution over a resurfacing crisis in Europe.

The two-day Federal Open Market Committee meeting is scheduled to kick off later in the day. Though the Fed is expected to adopt a wait-and-see approach, its comments will be put under scrutiny as investors seek clues on possible quantitative easing measures.

"If the Fed fails to hint at more quantitative easing, we may see a sharp drop in gold prices," said Hou Xinqiang, an analyst at Jinrui Futures in the southern Chinese city of Shenzhen.

Expectations of further monetary easing pushed gold to near $1,790 an ounce in February, its highest since November. But a string of upbeat economic data and less dovish comments from Fed officials have since shaved off gains and helped sink bullion to near $1,610 in early April.

Spot gold inched down 0.1 percent to $1,635.49 an ounce by 0624 GMT, after falling to $1,619.99 on Monday - its lowest since April 5. The $1,620-$1,630 level has proved to be a key support region.

U.S. gold edged up 0.2 percent to $1,636.30.

"Gold's short-term outlook is lackluster, as the economic problems in Europe again triggered worries among investors and put pressure on financial markets, and gold is not spared," the Jinrui analyst said.

Asian shares edged lower and the euro traded steady, as concerns over the euro zone debt crisis weighed on market sentiment.

Uncertainty over Europe's political will to battle through its debt crisis heightened, after the Dutch Prime Minister tendered his government's resignation on Monday, while the prospect of a Socialist president in France triggered worries that Paris might loosen its austerity commitment.

Investors were also disappointed at the latest data that showed the euro zone's business slump deepened at a far faster pace than expected in April, suggesting the economy will stay in recession at least until the second half of the year.

Anxiety over the euro zone has sent investors to seek safety in havens such as the dollar and U.S. Treasuries, while gold has moved largely in tandem with riskier assets in recent months.

On the physical market, the sharp drop overnight prompted some buying, but the flow of orders has slowed as prices rebounded, dealers said.

Spot silver lost 0.3 percent to $30.72 an ounce, off a three-month low of $30.45 hit in the previous session.

"The sentiment is rather bearish, and buyers are waiting for prices to fall further to near $30," said a Shanghai-based trader.

He added that market participants are reluctant to build up their books ahead of a long weekend in China and a holiday in Japan next week.

Spot platinum dropped to a three-month low of $1,544.75 an ounce, and later recovered to $1,550.25.

The gold-platinum spread widened to above $84, its highest in more than two months.

Good support for gold is at yesterday’s low $1622$. Unfortunately, if it breaks below this level, expect more pain and pain until $1610 or lower region.

USD1648/oz now

Hope prices can hold up... though charts are showing slow stochastic, and MACD, MA, RSI etc.. all showing risks of downtrend...