yea yea, gold dipping for a deep sea scuba-diving.. all can pick-up some nice cheaper coral

1 or 2 years? still consider profit but wont 1 or 2 years..i think 1 or 2 month

for me,just wait until it comes tom rm200/g then sell it fast...

good la..when we bought a lot...then when gold price dropping..but bank dont update the price...u know what    we gain advantages

you going to put all yr salary into it? 

now is bad time, ard 160 d... proly few weeks later, i bought at 157.. haizzzz

based on the above price, it's UOB (local banks' prices is higher).

yesterday price was 159.30; difference of 0.44%
but exchange rate (based on Bank Negara's sell rate) on USD has increased 0.78%.

one of the reasons to hold gold... to protect against currency depreciation.

(btw today's ringgit is at its lowest for the past 2 weeks...)

Today buy is 160 sell is 157 how to untung? Anyways, are you guys dealing with physical gold or paper?

O.o physical gold cant trade fast? What is your definition of fast? One click of a button?

true to a certain extend. this crisis is a special case.

good econ, gold yields nothing, y buy gold when i can invest in other activities which:

1) the value will increase (appreciation)
2) will yield some return (rental for prop, divident for shares n all)

bad econ, gold STILL yields nothing but other econ activity suffers n gold offers a safe heaven. its now ppl will rush for gold. more demand, stagnant supply, hence the increase in value.

why?

no physical gold ar? aiyoh...

small that time granparents always tell us to buy gold and stock up. thats how our chinese ancestors manage buy land and property when came from china.
kesian ppl go buy paper gold. its a ponzi game u know. hundreds of ppl sharing the same ounces of gold which is actually owned by somebody else. bank profits, the gold owner profits, only the other "investors" are made to imagine they are "investing" 

i think not. when i say its a bank, it is a bank. you can walk in and see your own gold anytime.
sure. but why dont you get on some real gold instead?

i read about it before..didnt remember the details..but roughly like this.

lets say pajak term : limit 6 month u get 60% of the gold value in cash.

let say u pawn 15k (100g) worth of gold (1g=rm150) : u get rm9k

then u buy 9k(60g) worth of gold and pawn them : u get rm5.4k which is enough to buy 36g

repeat till u used up all the money..

from my calculation you will end up pawning about 100g,60g,36g,20g,10g=226g (rm 33.9k) worth of gold with rm 1k to spare.

assuming after 6 month the gold price went up 10% to rm 165/g.

buy back the smallest gold u pawned..in this case 10g=rm1500(the gold value when u pawned it) only need to pay back the pawned price which is 60% = rm900 only..you still have the spare rm 1k from before..use it for that.

then sell the 10g gold u get = rm165*10g= rm 1.6k

next buy back the pawned 20g gold = rm 1.8k

sell the 20g gold...

rinse and repeat..

by the end of it you will end up with rm19k-20k. about 1/3 more than rm15k u invested before.

suddenly raise up to  158.85/g!

live gold price, your salary out le meh? 

now maybank can online do transaction liao ?

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Added on May 28, 2012, 3:07 pm

what your target price to enter market? mind to share?