Hold your horses first, the bear is still quite strong, maybe will head to south some more! haha. Buy when price dip, sell when price is ranging.
Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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 Dec 14 2011, 11:50 PM
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Junior Member
167 posts Joined: Jan 2010  
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Dec 15 2011, 12:18 AM
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Junior Member
79 posts Joined: Nov 2010
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owh man its 1572
 i really hope it could lasts in this situation until monday |
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Dec 15 2011, 12:48 AM
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Senior Member
8,259 posts Joined: Sep 2009 
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Oh boy... I think will go lower and lower
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Dec 15 2011, 01:34 AM
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Senior Member
1,497 posts Joined: Jun 2009 From: Kuala Lumpur 
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Weird, USD not increase much but gold dip so much, so suprise. Anyway it started to bounce back fast, can we see 1650 by tomorrow?
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Dec 15 2011, 01:45 AM
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Senior Member
3,273 posts Joined: Sep 2005
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Its now 1572
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Dec 15 2011, 04:43 AM
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Junior Member
383 posts Joined: Aug 2010 From: Hamburg
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good morning everyone
happy chinese new year to those who celebrate and happy chinese new year to also those who don't celebrate. the gold broke its 200-day virginity and you're officially fu**ed once again happy chinese new year. lucky i sold most of my positions early this year. how about you all? |
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Dec 15 2011, 05:05 AM
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Junior Member
259 posts Joined: Mar 2008
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At 5am is now 1573..
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Dec 15 2011, 06:12 AM
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Senior Member
1,497 posts Joined: Jun 2009 From: Kuala Lumpur
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uob rates today confirm below 165, wait no more.
This post has been edited by hongchai888: Dec 15 2011, 06:29 AM |
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Dec 15 2011, 08:03 AM
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Junior Member
356 posts Joined: Jun 2006
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QUOTE(little @ Dec 15 2011, 12:16 AM) i saw from PBB website saying purchase through pbebank - online gold trade can get a discounted price on purchase. Is it true? Morning guys!I went to PBB bank personally and asked the teller, they said no such thing! Any experience guys using PBebank to buy gold? pls advise...   They are doing a buy 200gm free 1 gm promotion at the moment. Saw it in today's paper. |
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Dec 15 2011, 08:45 AM
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Junior Member
79 posts Joined: Nov 2010
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QUOTE(hongchai888 @ Dec 15 2011, 01:34 AM) Weird, USD not increase much but gold dip so much, so suprise. Anyway it started to bounce back fast, can we see 1650 by tomorrow? dont think it could hit that high position in 1 night |
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Dec 15 2011, 08:49 AM
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Junior Member
92 posts Joined: Sep 2011
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QUOTE(eehtsitna @ Dec 15 2011, 08:03 AM) Morning guys! pbbank spread is ard rm6-7/gram. Dont rush to buy because of that 1gm of physical gold because 200gm x rm6-7 its about 1.2-1.4k. With this kind of spread, u definitely could buy 1/4oz, which mean 7gram+They are doing a buy 200gm free 1 gm promotion at the moment. Saw it in today's paper. |
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Dec 15 2011, 08:50 AM
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Junior Member
451 posts Joined: Apr 2009
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until someone get us the contract how paper gold is operated in local bank, we can;t really argue much about it.
all are just merely assumption. Even if U put cash in bank PIDM only insure up to 250K per account let alone paper gold. It 's clearly stated gold investment account can have losses in the pass book. When that day comes, one can spend all the time arguing with bank, I just don;t have the energy and time 2 do so. with regards to loss, even if U have a house the house can be flooded, tsunami, burn down riot etc. nothing is save from losses. For gold currently keeping in safe deposit box facilities is quite safe lah. when one do physical, one must cater for some losses lah. inventory checking is important,. ask a secuirty consultant lah on how to secure your stuff. QUOTE(cherroy @ Dec 14 2011, 03:27 PM) Bank is not a nice guy, you owe them money, for sure they want their money back. Who said bank is or must be nice? But Gold account is account with them, bank owe you, not you owe them. So this (you owe them money, but house collapse and you want bank to waive the loan) is irrelevant to be used as example to protect their reputation. Reputation of bank is about they owe you money, they fulfill their obligation to pay back, like your FD account, saving etc. Increase spread, impose tax etc, are hypothesis, nobody knows it will or will not happen. It is prejudice to accuse somebody impose on it. Also if you own the paper gold and never sell, aka like holding the physical gold, you still not being taxed until one day you sell it. (even if there is capital gain imposed) You just hit the nail on its head. If 1913 there was paper gold account and bank still survive until now, you still earn the same through paper gold as same as gold. Both pricing is the same. Fiat system exist so long, still not fail...  So the be your guest from 1913 until 2011, still your good guest.  98 years, certainly I am dead man already. In between if your safe deposit of gold bar loss, that store in house but collapse like Highland Tower, flood, disaster, gold totally loss... But paper gold in the bank account still intact, despite flood, house collapse. Don't get me wrong, I am not saying paper gold is better than physical, it has its drawback, aka trust with bank, but physical has fair amount of risk associated with it as well. |
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Dec 15 2011, 08:53 AM
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All Stars
15,192 posts Joined: Oct 2004
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wow for gold broken 15xx level...
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Dec 15 2011, 09:11 AM
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Junior Member
65 posts Joined: Sep 2011
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last month already get the profit. just 2 mth investment. now time to buy again. hehehe...
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Dec 15 2011, 09:14 AM
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Senior Member
527 posts Joined: Jul 2008
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Will it drop more??
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Dec 15 2011, 09:42 AM
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Senior Member
2,006 posts Joined: Sep 2007 
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i will hold untill tomorrow before making move.
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Dec 15 2011, 09:52 AM
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Senior Member
4,470 posts Joined: Sep 2007 From: Kuala Lumpur
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buy liao at public bank gold... cannot resist the price, will in some more when price drop...
via online... This post has been edited by xproc: Dec 15 2011, 09:52 AM |
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Dec 15 2011, 10:05 AM
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Junior Member
79 posts Joined: Nov 2010
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waiting for monday....
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Dec 15 2011, 10:07 AM
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Senior Member
527 posts Joined: Jul 2008
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QUOTE(xproc @ Dec 15 2011, 09:52 AM) buy liao at public bank gold... cannot resist the price, will in some more when price drop... What is the price u buy?via online... |
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Dec 15 2011, 10:08 AM
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Senior Member
3,725 posts Joined: Jul 2005 From: In /hardware/ 
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maybank rate, 1g@RM 164.89
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