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

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kh8188
post Mar 24 2012, 11:45 AM

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QUOTE(izzudrecoba @ Mar 24 2012, 09:08 AM)
Hi blitz, you are advised to sell only the "profit" of the gold, as the buyback will be high in tandem with the increasing gold price. In your case, you made profit of rm600 (rm 30 x 20 g). If for uob, u have to sell minimum of 5 gram, which is roughly around rm830 - rm 850. Wait for u to make nett profit around that figure then u can sell 5gram.
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Do consider that gold is a capital gain asset. Which means, you make money when you buy low and sell it at higher price. Note that for every trade you make, you pay a small commission called, "spread". Another note is, once you sold your yellow metals at high price, you may have to wait for a pull back before getting back a good "low-price" to re-enter position. If you do this a few times and are making good positive returns, then it is now a "trading" smile.gif

All the best in your precious metals investment.
kh8188
post Mar 26 2012, 11:35 AM

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QUOTE(ssilverr82 @ Mar 26 2012, 11:24 AM)
i just got my first Oz of gold!!! invested in an American Buffalo and its gorgeousssss!!!!!
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American Buffalo, nice! Care to share the picture?
kh8188
post Mar 26 2012, 11:43 AM

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QUOTE(ssilverr82 @ Mar 26 2012, 11:40 AM)
Here u go bro

user posted image
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NICE! A very MUSCULAR BULL! thumbup.gif thumbup.gif thumbup.gif
kh8188
post Apr 5 2012, 10:02 AM

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QUOTE(ronniekyan @ Apr 5 2012, 09:58 AM)
Why gold gong downtrend? Does it mean gold is not prefer anymore???
When will it go up....
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If we all can know when it will go up, there will no be begger on the street no more...
kh8188
post Apr 17 2012, 11:34 AM

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QUOTE(MugenK20A @ Apr 16 2012, 12:17 PM)
Ok i just came out from a goldsmith shop. I asked their selling price for 916 & 999 gold pricing.

1. 999 gold/gram - rm190
    916 gold/gram - rm169

2. They said paper gold sold/traded by banks was 916 & NOT 999 gold

Never visit other goldsmith shop except this 1. So buy 916 or 999?
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Hrm, I doubt this. 916 gold is meant for jewelry. 999 is always for investment. COMEX prices are traded based on 999.

Nevertheless, for investment, always go for 999.

All the best in your PM investment smile.gif


Added on April 17, 2012, 11:41 am
QUOTE(knight @ Apr 15 2012, 12:13 PM)
Like to ask. I realize those gold sold like Kijang Emas from maybank is more expensive than the actual price. Normally if you were to purchase physical gold,what type of gold you buy? and where to buy exactly??
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Yes, Kijang Emas is more expensive. That would be the disadvantage for it. However, it is the only bullion back by our Bank Negara and they have been very consistent with their buyback scheme. Even though you pay more for it, you would get "higher" when you sell it back because of the consistent spread.

I previously did a check on it. You can refer to my blog here: http://investsilvermalaysia.com/kijang-ema...d-margin-check/

Nevertheless, UOB offers the most competitive gold bullion - The Aussie kangaroos and Canadian Maples are currently the best deal in town smile.gif


This post has been edited by kh8188: Apr 17 2012, 11:41 AM
kh8188
post Apr 17 2012, 07:01 PM

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QUOTE(stchan @ Apr 17 2012, 05:00 PM)
Not safe. If a gun is pointed at you, you have to open the safe.
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This will never ends. Both physical and paper has it's pros and cons. Buy at your own preference.
kh8188
post May 1 2012, 02:10 PM

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QUOTE(jeenhao @ Apr 25 2012, 09:20 PM)
Hi guys,

I've been in silver investment personally, and I am always keeping up with precious metal market.

I wish to know that why most people do not recommend paper gold?
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If you understands the fundamental of gold, it is to counter fiat currency. Paper gold is just another version of fiat currency. Overally, it is attractive to buy paper gold. Low spread, easy trading, easy selling, buying at minimum weight of 1g, no security issues and you don't have to bother about shipment of goods. The only catch here, is there really GOLD? Some may care less about it so long they profits but think about it for a moment - money in the first place was designed to be paper gold. Somehow, money is no longer backed by any gold but paper gold is? Ponder about this.

All the best in your precious metals investment.

This post has been edited by kh8188: May 1 2012, 02:12 PM
kh8188
post May 1 2012, 02:35 PM

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QUOTE(echoesian @ May 1 2012, 02:26 PM)
Does anyone know which Banks in KL/PJ area that still got safe deposit box for rental?
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Try these:

http://www.rsdb.com.my
http://mysafebox.com.my
kh8188
post May 7 2012, 10:09 AM

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QUOTE(helzboyz @ May 7 2012, 12:37 AM)
i want to open a gold account at maybank since the price is drop now..any advice from gold guru's here?or better buy a physical gold?any hidden charges?
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This question has been answered over and over again. You may want to refer back to some of the older posting for directions.

All the best in your gold investment.

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