Thank you very much.
I got more than what I want

i read some where. It's a private deal lah.
4 more info PM me.

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Added on December 2, 2011, 11:19 pmI think UOB MY can lower their gold trading to RM1 and RM.50 but i don;t know how other bank will react and how bank negara will policy it.

i see lot of people still on paper gold but one day those on paper will kena kau kau lah.
my policy is always physical.

This post has been edited by GoldChan: Dec 2 2011, 11:19 PM

Yes. It was supposedly for the startup of the SLV-Silver EtF....still Warren SOLD at low price at $7

Still not really get it...why bother about paper or physical gold? Unless u have no confidence with the banks, or else I cant find any reason to own the real gold. Correct me if I am wrong.

Yes, UOB MY is the best, but I consider the fiat sg dollar will rise further in future compared to RM. So probably will invest in both countries, big portion in Sg, small portion in MY, due to maintenance fees and currency exchange rate. Hard to find the balance....

what bank is the best to start a gold account?

Personally, I think it's UOB bank. Maybank will be second.

UOB bank spread is lower, so very quickly, you can break even, and if you are looking for a quick profit, it should be realised quite quickly.

Maybank is because it is finanacially strong, like UOB who (I've been with them for 30 years) they dare to take risk, big and financially sound in asia.

But if you are looking at long term investment of gold, go buy physical gold bars please. For the why, please read the full 4 version of the post.

chef

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Added on December 4, 2011, 6:03 pmHey guys,

I don't visit here often enough, but I should. Anyway, lively discussion here too.

Anyone knows besides 1stopgold, who else have pamp gold dragon 1oz and at better price? sold a few bars and I want to get a few more, just thought maybe there are better priced alternative.

Thanks in advance, let me know o.k?

chef

This post has been edited by chef: Dec 4 2011, 06:03 PM

UOB can online buy? public bank can~ uob seem like good.. only different rm 2 from selling and buying.. public bank rm 7

UOB need to go to the bank only can buy gold. Only Public bank offer gold online. The other banks also all need to go to the bank to purchase directly.

This topic is not so hot anymore .....

if gold price shoot up to 2000 or down to 1200... you will see all ppl coming back

yaaa...true.at the moment, gold dunno where to go...up up up down down down up up up down down down....hahahahaa

Just like 2002.......... No one wants to know.....

Typical........ these threads are just like Kopitiam......not really educational et al...... *yawn

if down to 1200, then i can topup as much as i can

Its precisely these kind of comments that these threads lose interest fast. Btw, you CAN give some education yourself instead of complaining you know...

no significant price drop or hike, so no hot discussion lorrrr...

Who are the Mystery Gold Buyers behind ???

8th Dec 2011.

A sense of intrigue surrounds recent data released by the World Gold Council (WGC). The organsiation’s third-quarter demand report showed central bank buying reached nearly 150 tonnes, far above most analysts’ estimates, but the buyers were not named. According to an analysis by Reuters of IMF data, previous buying patterns and delays in data reporting, the most obvious candidates are China and India. Judging from the trend over the last two years, the purchasers are almost certainly nations with large external surpluses and big foreign exchange reserves, the bulk of which are in the emerging world, with nations in Asia or Latin American being the most likely. According to Reuters calculations based on data from the International Monetary Fund, central banks have bought a net 208.9 tonnes of gold so far in 2011.

The IMF data has identified buyers for a net 20.0 tonnes in the third quarter, creating a mysterious discrepancy of nearly 130 tonnes.The WGC, an industry group, said it could not reveal the names of the buyers for reasons of confidentiality, which only added to the intrigue. So far this year, the biggest buyers of gold have been Mexico, Russia, Thailand and South Korea. Other smaller, but nonetheless noticeable, buyers by virtue of their habitual absence from the market, include Colombia and Bolivia.....src: goldabout.blogspot.com

When will gold stop rising and drop so I could buy more? Sien

already drop last night... time to buy liao...

Wa really drop quite a lot, but USD also increased .... Lets see what is the selling rate for UOB later.

I sense the bearish market has start

people say buy and invest means we buy gold and keep it for a longer time