thanks! very helpful indeed.

Quite a numbers of u sell ur gold already ! And plan to buy at a lower price.

What is u guys [targeted buying price ? In US$ & RM /g ? RM 170 /g possible bo ?[/B]

not really will reach 170 anytime soon..

anyone buying physical like gold bar or gold coin instead of buying the paper account gold?

1. Wrong concept.
Physical gold you buy at Rm200, even the spot price up Rm10, let say RM170 to RM180, you may only can sell back at RM180, not RM210.
Who is the person to buy at RM210 from you?
Unless you become the goldsmith to sell at retail price. But this is like doing business trading already, not investment, or sell back.

The real worth of gold is based on spot price, nobody want to buy above the spot price.

Physical price is always based on spot price or paper price, there won't be disconnection issue.
As if there is, many will take advantage of the spread and correct the market back.
Market is always efficient, you let people to have change to do arbitrage, the price correction come it to reconnect back.

This post has been edited by cherroy: Nov 16 2011, 11:39 AM

people are too easy to let the bank to earn, paper gold just a paper of book with numbers. you own nothing but only numbers, just the same as paper money.

can withdraw with physical you might say, but pls say it after u had withdraw it and hold it on your hands.

im sorry.. but what is spot price?

spot price = actual price market/gold smith will buy

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Added on November 16, 2011, 2:15 pmGold price going south...however USD going north.... which 1 influence gold price in malaysia in terms of ( ringgit/gram )more?

care to explain why??

This post has been edited by mingophoria: Nov 16 2011, 02:16 PM

I got both, physical and paper gold..maybank gold account, kijang emas and public gold dinar

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Added on November 16, 2011, 2:47 pmi"m hoping at least 170-175 between nov and dec timeframe....


This post has been edited by potenza10: Nov 16 2011, 02:47 PM

aiyaaa i was doing a simple example only la ok lah, don't say rm10 appreciation. assume you buy physical for rm200 & buyback is rm 170, while paper gold buy = rm170 & buyback = RM168

1 year from now, say spot price appreciates rm100. if you sell your physical at rm270 = untung rm70. if sell paper at rm268 = untung rm98. rm28 difference

if spot price appreciates rm200, sell physical at rm 370 = untung rm170. sell paper at rm368 = untung rm198. rm28 difference also.

ofc this is just a simple calculation, the real thing is a bit more complicated lah but i'm just highlighting basically there is not much difference in the pricing mechanism between paper gold & physical gold since you buy/sell paper with paper price and buy/sell physical with physical price (too bad we can't buy at paper price and sell at physical price )

Oh when oh when will the next dip b bullet reloaded n waiting to fire hahah

hi..im being investing gold in a smaller scale almost a year..only local made physical gold..as usual when u buy..u buy at selling price of the company and when u sell ..u sell at "buying" price of tht company(if u r lucky u wil manage to sell to agents or customerswith higher price).. i do make profit of buy low sell high as a short term selling to profit..but wat i realise recently after the september crash and with current gradual bullish market..its very hard to sell to customers or other buyer with company selling price..they are alot of people are doing their trading and they sell as low as company buying price + 1%.besides tht the competition to liquify their gold is high. in current market i see they are more selling power rather than buying power..i wonder if we keep all our gold wish to reach 2000/ounce..wat happen next..if u gonna sell who is ur target customer..since we are mostly private n individual investors, how do we sell them with higher price..do you think the buying power during tht moment will b worst?(when everyone want to sell with fear of crash after tht) just wondering..any opinion regarding this..just curious..

Then, go for paper gold lah..no headache even less profit compare to physical gold which can be sold at secondary market.

But did u ever think same question had in investors mind in 10yrs back? So mahal nowadays but still ppl buy..andddddd when the price will go higher, there will be an alternative method to buy gold like what we have today -paper gold!

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Added on November 16, 2011, 10:57 pmPrice is fall below RM180..!!

This post has been edited by potenza10: Nov 16 2011, 10:57 PM

gold price at myr 179.26 per gram.

sorry to interrupt i'm still a newbie in this ...
ok to make the story easy ...

question:
1. can i start with rm2k for starting???
2. let say i buy a gold witch 1 is better 916/999.9
3. if i have chose either 1 from the above can i keep it my self??
4 where can i sell it if i hold it on my own ??
5. how many gram can 2k earn for gold ???

This post has been edited by locknes: Nov 17 2011, 01:40 AM

1. Average Gold Price is from RM180 to RM208 per gram
2. Of course 999.9 is best. 916 is mostly for jewellery.

paper gold is better and more efficient.
1. if you intend to trade, meaning to said, you will enter and exit the market (buy low, sell high) at various time (3-6 mths or less in between buy and sell).
2. you intend to have fiat money at the end of the day.
all these are true so long that COMEX gold did not default.

Physical gold is better if you intend to keep for long2 time (> 2 yrs) and other than thief or lost due to misplacement there is no other risk.


This post has been edited by GoldChan: Nov 17 2011, 08:42 AM

gold drop but usd naik wei....

Hoping today will drop a bit la..aiyohhh,cannot tahan anymore..

This risk (bolded) is quite big actually, 100% loss.

Another risk of physical gold is the purity of the gold.
Yes, for reputable seller, not much an issue.
But for third party or unknown party, this risk is quite big as well.