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

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SUSmeistsh_musical
post May 15 2012, 08:20 PM

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Go increase abit
LOL
lamode
post May 15 2012, 09:31 PM

anything could happen!
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bought 2 oz @ $1560 each smile.gif
BlackPen
post May 15 2012, 10:38 PM

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From: Buddha Hand
QUOTE(j.passing.by @ May 15 2012, 06:44 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.
*
I tot when you buy it's direct add on already? OR when u sell only deduct?

This post has been edited by BlackPen: May 15 2012, 10:38 PM
j.passing.by
post May 15 2012, 11:36 PM

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QUOTE(BlackPen @ May 15 2012, 10:38 PM)
I tot when you buy it's direct add on already? OR when u sell only deduct?
*
There is no charge or fee when you buy; the bank's buying price has no relevant at this point.

When you sell back to the bank, then the buying price is relevant.

Of course you can wait till the buying price improves to your target level...

The main point is that if the sell/buy spread is wide, the price has to increase a lot higher to cover the spread to have any gains.

Using the same prices in the above example, UOB's buying price would be 170-2 = 168.
A RM8 or 5% gain instead.
BBSH
post May 15 2012, 11:37 PM

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QUOTE(meistsh_musical @ May 15 2012, 08:20 PM)
Go increase abit
LOL
*
Gold Price chart shows that GOLD prices have been trending down this year - lower highs and lower lows.
Attached Image
SUSmeistsh_musical
post May 15 2012, 11:41 PM

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QUOTE(BBSH @ May 16 2012, 12:37 AM)
Gold Price chart shows that GOLD prices have been trending down this year - lower highs and lower lows.
Attached Image
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i hope it stable around 154 something
BlackPen
post May 15 2012, 11:48 PM

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From: Buddha Hand
QUOTE(j.passing.by @ May 15 2012, 11:36 PM)
There is no charge or fee when you buy; the bank's buying price has no relevant at this point.

When you sell back to the bank, then the buying price is relevant.

Of course you can wait till the buying price improves to your target level...

The main point is that if the sell/buy spread is wide, the price has to increase a lot higher to cover the spread to have any gains.

Using the same prices in the above example, UOB's buying price would be 170-2 = 168.
A RM8 or 5% gain instead.
*
I understand.. which mean when I earn every rm10/gram they will take me rm2/gram.. Am I right? If I earn rm20/gram oub still same rm2/gram? If yes I understand
:-)

Added on May 15, 2012, 11:53 pm
QUOTE(meistsh_musical @ May 15 2012, 11:41 PM)
i hope it stable around 154 something
*
Still going down.. Don't know what price will stop..

This post has been edited by BlackPen: May 15 2012, 11:53 PM
BBSH
post May 16 2012, 12:26 AM

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QUOTE(meistsh_musical @ May 15 2012, 11:41 PM)
i hope it stable around 154 something
*
Immediate support is 1527. If broken, next support is 1300. After that, don't know. blink.gif
ronnie
post May 16 2012, 01:06 AM

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QUOTE(BBSH @ May 16 2012, 12:26 AM)
Immediate support is 1527.  If broken, next support is 1300.  After that, don't know.  blink.gif
*
Free-fall... and Genneva-type company going to close shop soon.
win0517
post May 16 2012, 03:19 AM

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QUOTE(BBSH @ May 16 2012, 12:26 AM)
Immediate support is 1527.  If broken, next support is 1300.  After that, don't know.  blink.gif
*
Wa...that will be a big issue for every one... rclxub.gif

Added on May 16, 2012, 3:19 amHope 2moro will be better

This post has been edited by win0517: May 16 2012, 03:19 AM
eXTaTine
post May 16 2012, 07:47 AM

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Lol, dropping again, now below 1550!
mhisyam6
post May 16 2012, 08:21 AM

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QUOTE(eXTaTine @ May 16 2012, 07:47 AM)
Lol, dropping again, now below 1550!
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a must to buy?
Dackson
post May 16 2012, 08:43 AM

Decide to start hunting
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now ~1540USD/oz ald~
DXY index drop down ...
SUSWintersuN
post May 16 2012, 09:00 AM

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haha.. keep go down. go go go..

then when i haf enuff money can buy at lower price tongue.gif
TruthHurts
post May 16 2012, 09:09 AM

On my way
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DOWNNNNNNN !!! YEAHHhhhhhhhhhh... Lowerrrrrrrrrrrrrrrrrrrrrrrrrrrrr
rrr !!!!!


BlackPen
post May 16 2012, 09:10 AM

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keeppp...down ...wahahha....down until friday!
thunderaj
post May 16 2012, 09:29 AM

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Gold myr 153.79 per gram showing downtrend for this morning.
Guess this week will be a downtrend for gold also.
BlackPen
post May 16 2012, 09:35 AM

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QUOTE(thunderaj @ May 16 2012, 09:29 AM)
Gold myr 153.79 per gram showing downtrend for this morning.
Guess this week will be a downtrend for gold also.
*
How about next week? smile.gif
Nidz
post May 16 2012, 09:37 AM

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yeah, unless and until Greece crisis has some sort of solution, I believe that gold prices might go lower.
Btw, USD is strengthening against MYR...
helzboyz
post May 16 2012, 09:38 AM

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want to ask...where to buy physical gold 5g at current price?any bank sell 5g gold?from what i read, only habib n poh kong r selling 5g...correct me if i wrong...
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