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

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potenza10
post Nov 19 2011, 07:56 AM

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3. Yes.u hold the physical if buy physical or passbook like saving account
4. U can sell at the place where u bought it.
5. Buying per gram..so, 2k/price per gram.each bank got diff selling price i.e maybank,uob,cimb,public etc..

This post has been edited by potenza10: Nov 19 2011, 08:03 AM
potenza10
post Nov 19 2011, 02:10 PM

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Can...as long there is a buyer to buy.
potenza10
post Nov 21 2011, 01:29 PM

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Any prediction gold price will shoot up or go down lower?
potenza10
post Nov 21 2011, 04:57 PM

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QUOTE(kuhfayLover @ Nov 21 2011, 03:11 PM)
Does anyone knows that any other branches that selling kijang emas or uob gold coin except the maybank hq and uob jalan raja laut? Thanks.
*


why not u check at their website for branch list that sell kijang emas? Then u can call your preferred branch and ask.
potenza10
post Nov 21 2011, 05:45 PM

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I bought from alor star branch..but hardly can get 1oz.go and search at their website for which branch sell the coin...
potenza10
post Nov 21 2011, 11:03 PM

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He meant for paper gold i think...not physical gold
btw, gold is going downnn...1700 possible tonight.
potenza10
post Nov 22 2011, 12:08 AM

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Because msia won gold medal for football, so gold price fall below 1700 tonight...
potenza10
post Nov 22 2011, 08:02 AM

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Drop already last night..now below 1700
potenza10
post Nov 22 2011, 08:33 AM

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Ohh..i'm tempting to see price movement for public gold last night...
potenza10
post Nov 22 2011, 10:37 AM

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Any news related to yesterday night drop?
potenza10
post Nov 22 2011, 12:12 PM

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Maybank still at rm176..
potenza10
post Nov 22 2011, 12:51 PM

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QUOTE(xproc @ Nov 22 2011, 12:27 PM)
already lower than the price i sell 3 weeks ago...
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how many years did u start with maybank gold account?
potenza10
post Nov 22 2011, 03:12 PM

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Its hard to predict how low the price will go..last month i thought 170-175 is consider to high because i bought below 170 price.but this month, the price play around 180 ady...so, quite upset didnt add additional grams when price start to play between 170-175....sighhhh...
potenza10
post Nov 22 2011, 11:38 PM

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QUOTE(cherroy @ Nov 18 2011, 11:04 AM)
Over valued, undervalued, I don't know.
But I just using my old house, and surrounding house and KL terrace house as benchmark.

I don't know how to value.
I only know last time, a terrace house can be bought at 50-100k during 1980, and gold price was USD 300-500.
Now a terrace house need at least 700k-1mil and gold price is USD 1750.

I don't know where to get a terrace house in urban area like Penang/KL with 2kg gold?

I only know last time, a bowl of mee cost me Rm0.20, when I was kid, when gold was USD300
Now, a bowl of mee, cost Rm4-5, and gold price is USD 1750.

I don't know how to calculate, I just use simple mechanism, especially a bowl of mee which is most important for me, as fill the stomach is the most important "hedge inflation" benchmark.  tongue.gif
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if u compare house price vs gold, u will see house price depreciated more than 50% of gold value from 2003 until 2010.
potenza10
post Nov 23 2011, 08:34 PM

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QUOTE(Nidz @ Nov 23 2011, 12:51 PM)
we cannot compare *fairly* between these two things. house price will depends on the location, access, facilities etc...
gold price depends on the international spot market.

i wouldn't say that house price depreciated more than gold, its just that its ROI is not as good as gold, if you compare from 2000-2011...
House price might get 100-200% ROI, but gold get more than 600%.

percentage wise, gold is better. but if we calculate on the amount, house price can get much better.

in 2000, it normal for ppl to buy 200-300k houses -> now its worth more than 600k
but who buys gold in 200-300k in year 2000? sweat.gif

if you really wanna compare percentage, then silver wins. more than 700% returns since 2000. thumbup.gif
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Take an example of double storey house in PJ.

In 2003, the house price is around 300k and in 2010 the price is around 450k. The appreciation is around 150k in 7 years.

If we compare with price gold in 2003, the same price for the house can get about 230 troy ounce and in 2010, the double storey house in PJ would cost us 100 troy ounce.That is equivalent to a depreciation of more than 50% in 7 years.

And if u compare with silver price, most likely about 70% depreciation...

This means while properties hv appreciated in RM, the values of properties is depreciate if we measure against precious metal i.e gold and silver.
potenza10
post Nov 25 2011, 10:45 PM

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Which fb group i can join in for gold buy and sell?
potenza10
post Nov 27 2011, 09:46 PM

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What i mean is that similiar group like silver lot shop..
Btw, i am one of pg customer as well...

This post has been edited by potenza10: Nov 27 2011, 09:47 PM
potenza10
post Nov 28 2011, 08:05 AM

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Habib,tomei,poh kong use to sell gold bullion bar..check it out.but the price is bit expensive since quoted under fgjam.

Public gold is recommended as their spread is quite low..just google it.few branches throughout malaysia.
potenza10
post Nov 29 2011, 08:42 PM

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QUOTE(Kokolat @ Nov 29 2011, 03:45 PM)
Hi potenza10, thanks for your reply... but I have a doubt here... how do I ensure gold bar from Public Gold is really 99.99%? I believe this Public Gold has nothing to do with Public Bank?
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all public gold products come with assayer certificate...same as well with other brands.
potenza10
post Nov 29 2011, 11:30 PM

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Try search goldabout.blogspot or something like that.i'd bookmarked the site in my lappy.but now lying in my bed, online using phone only.cannot recall the exact url...

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