FD value also won't depreciate...
Either you make little interest or a lot of interest...

Safe heaven?
Gold bar being stolen time <--- safe heaven?

For those camp that criticise paper gold
Bank selling paper gold goes bankrupt <---- safe heaven?

Nothings is safe...every investment also have risk..either low or high risk.. high risk = high profit or lose 99..

ok Now heading south...155.89/g. Winterbro still dropping..wait right time to enter liao!

This post has been edited by BlackPen: May 30 2012, 09:48 PM

Taiko,
Don't be too confident in any investment. $1500-$1600 is not cheap historically. I bought in the 80s, only about RM1200/ounce. If you compare now, it is RM5000/ounce ! Do google for the historical graph and have a look. It is a high risk high return investment. It is like gambling to me.

It depreciated before too. If your timing is no good, and you need money and have to force sell, you will lose money ! I have been burnt before. Luckily it was not a big amount.

So, gold investment is not a sure thing. You need holding power

FD wont make alot interest bro! FD always little interest. Bank where will benefit u 1. Also bank wont bankrupt la Before it bankrupt everyone already take out all money. The probability lower than u can strike lottery

Yeah got salary. Now monitor the price hope can get good deal

Not high risk for u bro! U bought rm1200 and earn rm5000. Thats definite earn a lot liao

Like u say will lose when have to force sell. I wont put all my savings into gold la. Of cos investment mo0ney is investment money. But still invest in gold u wont lose if its spare cash for investment.

Gold is only up up up. Even down will then up upu up

huh~ 1544USD but gold still RM159 =__=
wandering will it hit below 1500 ? hmm.... M signal, forming the final leg ...

Prior before financial crisis 97, FD interest was 7-8%.
This is not little, compounded every 7-8 years, your FD figure become double already.

A RM1200 FD during 80's now after 30+ years, with average 5% compounded, also become Rm5000.
FD also earn a lot, if one said gold bought RM1200, now worth Rm5000, mean earn a lot.

This post has been edited by cherroy: May 30 2012, 10:41 PM

Exactly ! There is not many long term passive investment which can give very high returns.

And not to forget, the gold price hike was mainly for the past few years. If without the recent price hike, the compound return is even lower

Property also the same. The one I bought in the mid-80s for own stay was RM200k. It is worth maybe RM850k-RM900k now. The compound capital return is about 6% only. Looks like an impressive 4-5 fold increase, but the compound interest is only 6%. Of course, property if you rent it out you have income. But then the property prices is so high now..... Anyway, that is a different discussion.

Not saying you cannot make a lot of money in gold. If you got the right timing, you can. But that is luck --> just like gambling

woho

up again

now gold is myr 158.83 per gram .
Believe today closing will less than 160 per gram .

already bought from maybank 160.82/gram yesterday. m2u rox!

USD seem going up.. Is it good time to go money changer exchange USD now?

yes quite fast this week . now it 3.1836

Maybank now can buy & Sell online !

http://www.bloomberg.com/news/2012-05-31/g...ean-crisis.html

wat make ppl go for USD as safe haven compare gold? US economy also not really good ma

nw gold price has up again

It is perceived.....

e.g., if the whole world is in debt, who ever has the strongest ability to sustain and defense themself wins. Gold is just a commodity.

US still the number 1 superpower, in terms of self sustainability and defense.

Now gold myr 159.52. per gram...

hi all sifu,

knowing from this link (http://www.hargaemas.com.my/comparison-gold-investment-account-malaysia), mbb has the option to withdraw the physical gold.

but just now i check the official mbb website (http://www.maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do?channelId=INV-Investment&cntTypeId=0&cntKey=INV03.02&programId=INV03-Gold&chCatId=/mbb/Personal/INV-Investment), it only shows can be withdrawed as cash or credited into ur account...

can any sifu to advice me whether mbb allows to withdraw the physical gold?

if yes, any fee (eg. admin) incurred & the procedure looks like (e.g. need to sell off the paper gold per their selling rate then only give u the physical gold per their buying rate)?

Millions thanks in advance.

if i have maybank2u login, can i buy now? and sell anytime? whats the charges?
sorry, i am new in gold, thinking to invest in it by going to UOB tmr...so maybank is better overall in the market now?
pls advice..thanks