http://goldsilver.com/news/stephen-leeb-ex...0-gold-in-2012/

some forecast gold to hit 3000, silver 60 by 2012

my advice is, juz keep on waiting, because the price will still drop next year..

im a banker actually, commecial banking Relationship Manager..

---

Added on January 1, 2012, 5:04 ami mean dis year, 2012...

---

Added on January 1, 2012, 5:07 amthe price will drop below 1500..for sure dis year..

I already invested in paper gold for more than 5 years, keep buy/sell accumulate to more than 2kg, not each time buy 2kg bro. Lets see gold could hold firm at 1600 or not, plan to sell 300gm when UOB buy rates hit RM 165, since my buy in rates at RM 161, a sweet RM 1200 profit in just 1 week.

for invesstment purposes. don't know when i will be selling it.

---

Added on January 5, 2012, 5:03 pm

based on what u said, i guess it might drop further i guess.

UOB bank. From my starting capital that enough to buy 500gm earn until enough to buy 2kg now.

Its time to sell some before gold meet another correction. UOB buying rate today should be around 165 and sell at 167.

if i want to start with maybank gold investment, what should i do?
what the minimum values i can buy?

how about if we want to sell back our gold at maybank? need to go to counter or juz online?

any 1 using the green charge cards or the gold charge cards here? i believe replacement for charge cards is totally free and it has travel inconvineince insurance as well

Increasing rates is same. Of course the price between 916 and 999 is different

916 refers to 91.6% gold in that item. It usually use for jewelleries because it is harder than 999

999 refers to 99.9% gold in that item. Usually use for Gold bars and coins.

That is why 916 is cheaper
Dinar is a standard gold coin across the globe. It must contain 4.25g of 916 Gold per 1 dinar

Oh ok... last question... is the rate for all the bank the same? which bank has the lowest rate?

hi...anyone here wanna sell their gold coin or bar...not more than 20gram...do pm me....penang island....thanks.

Can anyone recommend a few gold ETF that I can buy? Popular ones with high trading volumes.
Thanks.

Agree - Gold price per g for UOB has rise up to 168.70 this evening, from 166.8 last friday! Wohooooo!!

Gold Prices
Gold Investment Accounts
Last updated 17/01/2012 15:55. The Prices shown here are indicative only and are subject to change without prior notice. They are not to be taken as an offer to contract. United Overseas Bank Group shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.
Item                      Size          Bank Selling(RM)  Bank Buying(RM)
Premier Gold Account    1 KG                168000.00                  167000.00
Gold Savings Account    1 GM                      168.70                        166.70
Source: http://www1.uob.com.my/business/GMIM/GMIM_pga.html

Desmond, you made a valid point. My friend who had invested in gold several years ago informed me that the gold price will rise up during and after Chinese New Year. Goldman Sachs picked gold & silver as the best commodity to invest this year 

I'm planning to buy a few gram of gold tmr at maybank. Since u all said that it is likely to increase this Chinese new year.

Any advice? Yes, no?

How many of us are having these GIA accounts?
Maybe we should all write a feedback to UOB (or other banks) and pressure them to introduce online trading!!

my 1st physical gold bar investment ...

PAMP Swiss Gold...
[attachmentid=2647344]
[attachmentid=2647347]

i had browse through RHB website today, no other info on gold investment, only got daily rate...
 

Owh, but out of curiosity, which is more better to buy from? Jewellery shop or banks?

Owh, so buy from Bank more safer and cheaper than jewellery shop ?

Other than UOB or Maybank like Public Bank or CIMB also safe to buy gold?

Selling at RM200, but offer to buy back at RM180, (this buy back generally may only valid from the entity sold to you, but outside real market price may be around RM160-170)
vs
bank selling at RM170, buy back at RM168.

hmmm, which one is better?
It is up to individual opinion, I won't comment which one is better.

Banks wind up due to cash flow problem?
Yes, it can by 2 possibility, interbank credit freeze up (like 2008) + central bank refuse as last lending resort (never happen)
This risk, yes, do exist, but very very minimal, chance even less than plane crash, titanic sink.

Yup. they ought to mark up their price.
coz they need to pay for insurance and security.

direct purchase do save a lot. but normally it's come to kilo.