only can deal via counter?
cant use online transaction?

Seem like price slightly going up ..liao..

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Added on May 15, 2012, 4:04 pmI think i going create PBB...can online buy/sell the T&C almost same as maybank also

This post has been edited by BlackPen: May 15 2012, 04:04 PM

It is not like ASB where u receive profit per year. Is more like stock where u buy and sell. Need to monitor every day/frequently. Nothing will happen if u waait till end of year. Have big chance to lose money if enter wrong time.


Oh shit.. like dat tomorrow lunch time need fast fast go maybank open account liao. But 1g first cos no money lol

put abit 1st to see how the trend tommorow

if volume too low also cant really earn money la after the spread.. imagine buy 1g around rm156 then when sell later most can get few ringgit only

Few ringgit can eat 1 lunch put 5gram to 10gram ..ok la

Man.. thanks for response my question.. so, it depend on how much u start and wait for right time to sell.. Then, it's same concept if we change money when the currency is low and sell it when currency is high? Waa.. interesting.. but right now not good time for investment right? The graph still high even though had slightly price drop. hmm

Almost same let's me giv u an example :

Today Price 160/g

Bank selling at 162/g and buying at 157/g

we buy 162/g X 10g = RM1620

Future Price 170/g

Bank selling at 172/g and buying at 167/g

we sell at 167/g x 10g = RM1670

RM1670-RM1620 = RM 50 profit

understand?

-edited-

This post has been edited by BlackPen: May 15 2012, 04:18 PM

bro,u want to wait until when?imo this is the right time to invest.price drop kaw2 since feb

Good explanation.. if we sell we need to wait for the price to drop again?

no money no invest right now.

We buy in LOW price and sell in HIGH price ofcoz

This post has been edited by BlackPen: May 15 2012, 04:21 PM

I means is when we got profit after selling our gold, we have to wait for the low price again and buy it right? how should it take from your experience?

6th sense

I need to find that sense.. orait.. goodluck on investment..tq

haha.. as i saw the Gold price was increasing.. ^^

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Added on May 15, 2012, 6:35 pmGood luck for all investment trader..

This post has been edited by win0517: May 15 2012, 06:35 PM

In an gold investment acct, need to be aware how much the bank is charging in buying back.

Example:
Bank's price today RM160/g
Bank's price in future (say your target price to sell back to bank and exit) RM170/g

Bank's buying price spread 4%: 170 x 96% = RM163.20
Gain = RM3.20 per gram or 2% of RM160.


Coincidentally, the above prices would translate to about USD1600/oz and USD1700/oz. How good is that 2% depends on how fast the price can swing. And hopefully, it swings upwards.

Cant really earn by invest gold short term. Need to long term only can play. Not a sustainable investment

finally i understood u all said bank take back GOLD price % different. ^^

Maybank : 4.2%
UOB : 1.3%
Public B : 4%
CIMB : 3.6%

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Added on May 15, 2012, 6:57 pmActually can be short term investment, but 1 shoot u have to pay 50-100g then u will get more
Simple la.. pay more get more !!! u will get what u pay !!!
-edited-

This post has been edited by win0517: May 15 2012, 06:58 PM

UOB is at a fixed RM2 and CIMB RM5.60.
There is a slight difference from a fixed percentage when the price goes up...

i see... hmm.. that's mean UOB is the best.. T.T but service is Public Bank.. bcz can make online transaction.. coming to next is maybank..

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Added on May 15, 2012, 7:47 pm1561.80 now!!! up up up!!!!

This post has been edited by win0517: May 15 2012, 07:47 PM