how much your 'alot' ? 1kg? 10kg? 100kg? If u keep 5kilobar at home also, dont need much space...not so expose to attract attention unless u want to showoff..

I don't know, but some expert or guru said so.

I only know cash in house is more risky than cash in bank.
May be my house is too poor...

Hi all gold investor,

Can anyone enlighten me where to buy Perth Mint gold bar other than Nubex on line store? Gold prices still under value explained by Mike Maloney as below link

http://goldsilver.com/news/is-it-too-late-...ke-maloney-(2)/

Gold Price is dropping!
USD 1571 already...!!

too bad, bullet finished during high price...
>.<

topup yesterday at maybank... but today drop..
i think gold will drop until cny...
save money first..
wanna buy when it hit the lowest low...
but dunno how to forecast it... haizzzz

I got no problem with physical gold, but not all people can invest that high right? A quarter oz of gold required around RM1.2k.

MBB give 1g as starting is good, at least people are actually taking this effort to save up, rather than spending spree. It helps for the poor ones to start up investment as well.

Also, physical gold are prone to damages.

Few scratches and there goes your few grams. Also, it's really not advisable to keep gold at house right? There's always break-in, etc etc.

I'll rather they rob my passbook and they can't do shit about that.

Latest is USD1563.1 as of (Dec 28 2011, Current New York Time: 12:51:28)

Drop drop drop

from my POV, i cant afford to have 100g or 1oz of gold coz the price is too high.
i start with MGIA, so i can start small. still a long way to go to that 100g/1kg scale..

for short term wise. its not good to invest in gold. but if u plan to hold for couple of years. it will be a good investment. Gold could drop anytime lower than now on Jan.

Gold are always for long term, but it still depending whether if the price will move drastically within months.

Nevertheless, it's a force-saving for those have problem managing their money.

Dammit : Gold continue to drop. Drop drop drop. Guess I take back my word, gonna wait it drop further.

This post has been edited by temptation1314: Dec 29 2011, 08:56 AM

honestly tell you those that ask you to buy physical gold most probably in some MLM or what business selling physical gold that's all. They only brainwash you into holding physical gold

price will go up after new year. I think cause 30 th Dec 2011 is comex last day for gold and silver delivery.
need to depress the price to prevent delivery. after that price may rise.

i could be wrong.

IMO paper gold is easier for me to store. BTW, gold price drop until USD1553 d.....

its going down!just bought 20g paper gold on tuesday.should have waited.:\

physical = you own the product... paper = you do not own the product

physical = you determine the price (urgent= sale it lower price, not urgent = sale it at spot + your margin) ... paper = bank determine the price for you (spot - bank profit%, you cannot control), paper = need go counter unless is public bank

i not yet own physical gold, its just my 2 cent of being paper...

---

Added on December 29, 2011, 10:52 am1555... if you own the physical gold.. would you go scratch on it? if paper so good, why gov still holding physical gold in their chest... hold paper = easier... anyway, its depends on individual

know why PM drop? from others sifu, they say those sharks tighten policy on margin calls on paper contracts on 1/1/2011, those on margin need to throw PM in order to maintain their bill into amount that can be payable. its a move by those big shark in order they can earn alot from this, coz more people have to and tend to throw when price is low... i cannot confirm whether its real or not but based on momentum like this, PM will keep drop , at least for 2011... expect lelong sales on price tmr...

This post has been edited by xproc: Dec 29 2011, 10:52 AM

I'm not a prophet and i'm not assuming anything.
Physical will still prone to damage. Nobody will go scratch the gold, but what if you accidently dropped the gold? Nobody can predict shits, that's why there's insurance. But then again, insurance can't promise everything also.

At least you do not need to care so much when you are holding paper gold. You just monitor the price and keep your passbook.

I'm not saying physical gold is not good. Nobody would say no if they are offered a bar of gold but the thing is not everyone can afford that, and also not everyone are living in a banglo.

Here's my 2cent

Physical where got you determine your price? If you insist, most sellers out there buy back at at least 10% lower from their selling price! Their spread is anytime larger than bank.

Gold very hard to get damaged. It's very inactive in nature.

Gold keep on dropping.. might top up again if still drop tomorrow =)

lucky me.. no money.. so just topup 5g on tuesday..
from 165.64(tuesday) to 162.24(now)... (MGIA price)
hope it will continue dropping until cny, so i have extra money to topup