i want to ask about opening gold acc at uob, to open then acc i need to initial buy 10gm right?

If not mistaken initially shlould be min of 20g... When repurchase, need increment of 5g.

Please read 1st page.tq

cherroy, could you not let the cat out of the bag?

i Thank Greenspook for my gold investments in 2002

THNAK YOU, ALAN.........

Why gold keep declining do you guys have any idea when it gonna rise high again ? I need to buy jewellery for engagement before it start to rise

i dont know cherroy's brain is filled with grass or what. When i meant shoe box as an example, i mean store your valuable things in a place that never expected by a thief. That was just an example. If you have a brain you will know that when you place a safety box in your house, that will be the 1st place the thief is going to search for. I just ask people here to store their physical things at some place in their house that never expected by a thief. Do you get what i mean 'MR SMART CHERROY'?

Gold in rise again. 1632 now.
U are going engaged ? Congrats

IMHO, it looks like it's rising again from a recent dip. I manage to top up during the dip.

If I were you, I'll buy asap. Of course, take my advise at your own risk!

And yeah! Congratulations!

This post has been edited by orangutan: Dec 21 2011, 07:00 PM

London Trader – We are Witnessing a Historic Bottom in Gold

(Courtesy of Eric King at www.KingWorldNews.com

With many investors worried the price of gold could head lower, today King World News interviewed the “London Trader” to get his take on the gold market. The source stated, “The Chinese have continued to take delivery of both physical gold and silver directly from the ETF’s GLD and SLV. They are also going directly to producers. Entities are bypassing the COMEX altogether and going straight to gold mining companies. Every single month producers have a certain amount of gold and silver they sell. Normally they sell it to the bullion banks and the bullion banks, of course, leverage this gold and sell up to 100 times that in paper markets to control prices.”

The London Trader continues:

“They (bullion banks) hold that little bit of physical gold and claim they are backed up on their position to the CFTC. I have all my large buyers now going to producers and saying to them, ‘Look, don’t sell it to the bullion banks, we’ll buy it from you.’ So we are buying directly from the producers and this includes some sovereign entities which are doing the same thing.

We’re struggling to get the physical out of these guys (producers) because they have so many people banging on their door, saying, ‘Sell it to us direct.’ What these buyers are doing is essentially taking gold out of the system, which means the bullion banks can’t leverage that gold anymore.

Not so fast la... drop back

better drop under 15xx

Anybody knows is there a maintenance fee for having UOB gold account? What I want to know, do we need to pay some amount of fee yearly for this account?

stated clearly there, bro.just read thru.

GoldChan, honesty speaking, i'm not sure if i'm interested in convincing cherroy to convert his paper gold into physical gold. I get no benefit out of doing that, and it's kinda tiring. You and I are here to try to create awareness about the need for converting fiat (or any paper assets including paper gold) into physical gold/silver, but it is up to the readers to try to understand, digest, and make an informed decision on how they want to protect their future. If the reader is not willing to even TRY to understand the message, we cannot do anything. What we write in a forum is our opinion generated from our own knowledge, experience, logic, and hopefully unbiased and honest thought, which anyone else has all the right to agree, ignore, or counter our opinion. The thing is, if what you and I think is coming really comes one day, those readers who are well prepared will have much higher chance to survive, those who are not will find themselves in desperate situation. And if what we think about does not come true, then we end up being wrong, causing us holding a bunch of heavy physical gold, well hidden in shoe boxes (no offense intended kakiayam, i'm smart enough to understand the shoe box), and worth millions of Dollars.

Personally I do not care if someone can prove my point wrong about keeping physical gold. In fact, I hope I am wrong. And I hope you and I are wrong about the coming events. But looking at how things go, it looks like the economic and social calamity is inevitable. And it looks like we may not have to wait for 40 years for that to happen, it may come next decade, or even next year. And it looks like keeping physical gold/silver is the best protection.

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Added on December 23, 2011, 12:23 am1. I buy to keep the value of my asset. I also trade to make some quick money. About buying to invest/price appreciation, try to look at it from another angle. 30 years ago, 100oz of gold could buy a house. Today, that same 100oz of gold can also approximately buy a house. Although we see gold price appreciate, it actually just kept its value against other physical items. Price increase is just an idea, it is actually the decrease in the value of paper money, which is what the bankers called "inflation".

2. Gold does not earn you interest. If someone asks you to put money in a certain gold investment product and get paid with interest, think harder. Or come back to the forum to ask if anybody can help you explain how that gold investment product works, and whether it is better than your own gold plan.

This post has been edited by cruzzie73: Dec 23 2011, 11:06 AM

anyone planning to buy gold recently?

just brought some last week... but plan changed to silver or physical rctly

Oh..this last 2 weeks the price is so tempting...shoot until u drop lah.laverage your cost.

i average the gold at RM164.90, bought from maybank.
Investment is -7.08% now (Calculated at selling cost)
I am OK if it drop or increase, i hope it drop even further so i can buy it.

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Added on December 23, 2011, 4:20 pmGold price dropping because Europe there looks stable back.
But I doubt that.

"Once you owe someone money, no matter how you need to pay it back"

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Added on December 23, 2011, 4:22 pmYa agreed, this is the draw back a little bit, but the increased value of the gold is the return to cover your loss in getting interests from that right?

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Added on December 23, 2011, 4:25 pmTrue,
Best is to divide the investment, put all eggs in diff basket.

This post has been edited by sovietmah: Dec 23 2011, 04:25 PM

gold price drop drop up up..
hope it rise on next year