thank blackpen..

did you trade using maybank2u?
did you encounter the price(WE SELL) for maybank..was slow to update, thus we can take advantage by buying cheap(of cos after we knew international market price going UP the night before). Try that?

When we sleeping..USA start market...I want to open UOB because lowest spread...I still waiting timing to enter market

Ya...we can take advantages...sale fast then can earn liao

This post has been edited by BlackPen: Jun 4 2012, 11:08 PM

when do you feel is the right time? when USD drop? or?

last time I miss that chance at 155.60/g from OUB...aiks because of my gf now market fragile...anytime will drop or raise..better be careful when enter market.. still monitor

Guys,
For gold investment (and other investment like stock etc), you don't wait for the lowest price to enter and the highest to exit. Simply because you are not God who knows the lowest and highest point

If you intend to invest, go ahead. Don't be afraid you don't buy at the lowest and sell at the highest. Use the technic of "averaging".

Don't dump everything you have in 1 shot. Spread it out. At RM165, buy. If it drops to RM160, you buy again and your average cost is RM162.50. If it goes up back to RM165, you make some money. If it goes down to RM155, you buy again to average out. If it goes up to RM170 you can also buy if you feel it can go up higher. So, over a period of time you will buy at an average of the best price.

And over a period of time, you will assess whether it is a good investment or not. For longer period, you will also have more income from your sources to invest.

So, don't wait for the "right" timing. You will never time it perfectly

haha..why cos of gf?
ya market now fragile...ringgit drop in value vs USD..think will keep on drop..so like I will not enter as well

by the way, UOB and CIMB can do online trading now?

Last time I wanna enter market already and told my gf..and gf wanna discuss with me 1st before I enter market...so..

erm..OUB and CIMB online transaction not available

+1 seems like everybody here like to wait for their chances

---

Added on June 5, 2012, 12:17 amhttp://www.pelaburjutawan.com/2012/06/harga-emas-akan-mendaki-naik-bila-bila.html

analysis from one of the sifus

This post has been edited by skYnett: Jun 5 2012, 12:17 AM

Agreed. Waiting for the lowest price will result in a lot of missed opportunities, just like waiting for the highest will. Great advice!

This.

AND KNOW WHY are you investing in gold.....dont be part of a senseless HERD.

as in gold will b a safe heaven hedge against inflation? phisical gold yes, but not paper gold.

Hahahaha!
Even Obamy is aping Msia's 1BRIM.......

Giving $3,000 to middelclass

http://www.zerohedge.com/news/guest-post-e...wrong-direction

An Example Of Why This Country Is Headed In The Wrong Direction

This past Friday, Barack Obama was at a Minneapolis-area Honeywell plant touting his economic recovery credentials to cheering disciples. One of the excited faithful was a young boy, fifth-grader Tyler Sullivan, who took the day off from school to hear the President speak.

The President was full of the usual bombast about how Congress needs to work with him to ‘build a strong economy’, and how he wants to get $3,000 to everyone in the American middle class so that people can go out and buy ‘thingamajigs’.


Naturally, the crowd cheered. It was the typical sort of gross misunderstanding of economic prosperity that you see from politicians… and most people at this point.

People these days think it’s a great idea when the government sprinkles money around the middle class, and love the idea of politicians ‘coming together’ to build a better economy.

In reality, when people hear talk about politicians ‘building an economy’ they should run away like a scalded dog.

Throughout history, a lot of other politicians have also tried building an economy– it’s called central planning, and it just doesn’t work.

From Diocletian’s failed ‘Edict on Prices’ in 301 AD in which the Roman emperor tried to fix wages and prices, to Stalin’s Soviet Union, to Mao’s China, to Mugabe’s Zimbabwe, the verdict is obvious: economic growth is better left to the private sector, not government.

The other important mischaracterization was this idea of the economy getting better from people spending money, in this case, the government sending everyone $3,000 to buy stuff.

Most people seem to think this is a good idea, even the ones who consider themselves to be educated about economics (having been brainwashed with deeply flawed Keynesian fluff).

The truth is that a nation is like an individual… and individuals do not become wealthy by going into debt and consuming. They become wealthy by saving and producing.

Yet there was the country’s exalted leader energizing the crowd with talk of sending them free money to spend. And as I mentioned, one of them was fifth-grader Tyler Sullivan.

The President’s even shook Tyler’s hand, commenting that he would offer to write an excuse note to pardon the boy from skipping school: http://www.npr.org/2012/06/04/154271715/fi...president-obama

On the exact opposite end of this spectrum is the case of 17-year old Diane Tran, a Houston area high school student who has had to take on two jobs in order to support herself and her siblings after her deadbeat parents divorced and skipped town.

Tran reportedly misses a few days of school per month so that she could hold down her jobs, yet somehow still found time to complete her schoolwork and make the honor roll.

She was arrested by local officials for truancy and hauled in front of the ‘Honorable’ Lanny Moriarty who threw the girl in jail so that he could show everyone that he’s ‘tough on truancy.’: http://www.khou.com/home/Honor-Student-Jai...-153847275.html

Tran has aspirations to become a physician someday, and she is despondent now that her new arrest record may tarnish her chances of being accepted to medical school.

For the sake of brevity, I’ll skip commenting on how worthless the government-managed education system has become, and simply point out the obvious dichotomy:

- Boy skips school to cheer the President as he extols debt and consumption: OK
- Girl skips school to work, save, and support her family: NOT OK

These examples are the most obvious signs yet that, like the tax and regulatory frameworks, those who mindlessly support the political process of debt and consumption are rewarded, while those who produce and save are punished.

Such is life now in the Land of the Free. Have you hit your breaking point yet?

---

Added on June 5, 2012, 9:25 amGold is a hedge against many things.....

cherroy will not agree with you on inflation.

This post has been edited by prophetjul: Jun 5 2012, 09:25 AM

put it this way, paper gold for short term, mid term investment.
physical gold for long term.
And one important thing is when buying physical gold coins/bars etc, get it from the lowest selling bank. and when selling off, doesnt mean, must sell back at where you first bought. sell it at the highest offering bank.
do all the homework first before investing.
buy by the oz. the lesser the weight, the price is higher.

this is spot on. i start buy gold with 178/g. that time im not good at reading market. just buy onli.
now i know, i just put gram by gram based on price and my wallet, hehe

dayuumm.... gold price go up so high.. if i enter earlier already untung

now cannot enter liao

Gold has a superior one day gain last Friday. 4%

hope will haf superior 1 day drop then i can enter

then superior 1 day gain again hahaha

The best single day perfomance since 2009.

nobody expected the sudden price increase

how u all trade? MBB? PBB? CIMB?