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 Gold investment corner v4, Will gold price achieve USD2000 by 2012?

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jeremywhd
post Jan 12 2012, 05:17 PM

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i meant like intraday gold trading? any suggested brokers?
Nidz
post Jan 12 2012, 05:22 PM

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if intraday, u have to find US based brokers and trade Gold ETF...

CoupD'Etat
post Jan 12 2012, 06:06 PM

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QUOTE(mingophoria @ Nov 12 2011, 09:21 PM)
hehe...openning ceremony of v4   rclxm9.gif
If wanna check latest gold price click here.
1)daily gold price RM/gram

2)live gold price usd/oz

Gold price offered by Banks
1) Public bank
2) UOB bank
3)Maybank
4)CIMB bank
5)Kuwait financial house (offered physical gold, not paper gold)

** please note some gold price uploaded in the banks webpage are not updated often. Please contact the banks for latest price. Above information is for reference purpose.

pls feel free to comment n discuss  rclxms.gif
*
Your daily gold price RM/gram is the jewelry retail price. not the gold price. (not big price)
it is just a guild line for jewelry purchase. if u bought at this price. u will over pay rm3-8 per gram.


Added on January 12, 2012, 6:10 pm
QUOTE(mingophoria @ Nov 12 2011, 09:59 PM)
How to choose the best gold investment account that suits you the most? Let’s do some comparison:

    * CIMB Bank Gold Deposit Account (GDA)
    * Kuwait Finance House KFH Gold Account – i (GAI)
    * Maybank Gold Savings Passbook Account (GSPA)
    * Public Bank Gold Investment Account (GIA)
    * United Overseas Bank Gold Savings Account (GSA)

CIMB Bank vs. Kuwait Finance House vs. Maybank vs. Public Bank vs. United Overseas Bank

[attachmentid=2532655]

Note: Information is obtained from the respective banks’ websites and customer service call centers.

Here are factors to consider when picking a gold account:
Affordability

Most banks do not charge a fee for the opening of a gold account. However, whenever you sign up for an account, a minimum initial deposit is required ranging from 5 grams to 20 grams.

Other than that, minimum subsequent purchase/sale shall be taken into consideration too. Especially, for those who plan to buy gold on a regular basic.
Fineness of Gold

According to Wikipedia, here is the most common millesimal fineness used for gold:

    * 999.99 (The purest type of gold in the market)
    * 999.9
    * 999 (Fineness equivalent to 24 carat, also known as three nines fine)
    * 995 (The minimum allowed in Good Delivery gold bars)
    * 990 (also know as two nines fine)
    * 958.3 (equivalent to 23 carat)
    * 916 (equivalent to 22 carat)

Physical Gold Withdrawal

Please be noted, the minimum quantity for physical gold withdrawal required by some of the banks is 100 grams. In another words, you are not allowed to withdraw in physical gold if your invested amount is less than 100 grams.

Bare in mind, the physical gold withdrawal charges imposed is not really mentioned in most of the banks’ websites, except for CIMB Bank. It’s important to check with the respective bank first before any decision is made to sell your paper gold.
Withdrawal Options

Basically, the option to withdraw in cash or crediting into savings or current account is making no difference for me, because I will still get the cash eventually.

But, for physical gold withdrawal, are the clauses like “you can withdraw in physical gold but it’s subject to our stock availability” and “physical gold withdrawal is subject to bank’s approval” is meaning the same for you?
Convenience

Everything goes online now. We want a hassle-free investment. The idea of online gold trading via PbeBank.com to purchase and sell gold is a good practice and service, which shall be followed by others bank too, perhaps.
Cost

The only major cost to be considered is the difference between selling and buying prices. Low fees translate into cost savings. And this can lead to higher profits. Therefore, compare the price differences between all the 5 accounts and identify the cheapest gold price.

Don’t miss out on all these golden investments! Compare and choose the best gold account for yourself! Terms and conditions apply.

Source > >www.horlic.com
*
Carat is the weight unit for diamond. Diamond price is depend on 4 C .
Colour, Clarity, Carat and Cutting. ^^...

You are referring to gold purity. it's should be Karat. eg. 24K = 999 gold
22K = 916 gold
18K = 750 gold.

Just some addtional information from me. Cheers.



This post has been edited by CoupD'Etat: Jan 12 2012, 06:10 PM
StarFalls~*
post Jan 12 2012, 09:51 PM

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hi guys, i have some issue that is related to genneva. i have some issues which is written here: https://forum.lowyat.net/index.php?showtopic=2187674

does anyone knows of any cases about people being scammed or anything?
CoupD'Etat
post Jan 12 2012, 10:42 PM

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QUOTE(StarFalls~* @ Jan 12 2012, 09:51 PM)
hi guys, i have some issue that is related to genneva. i have some issues which is written here: https://forum.lowyat.net/index.php?showtopic=2187674

does anyone knows of any cases about people being scammed or anything?
*
http://www.jonathan-quek.com/?p=6798

biggrin.gif


StarFalls~*
post Jan 12 2012, 11:03 PM

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QUOTE(CoupD'Etat @ Jan 12 2012, 10:42 PM)
i found that, and a plentiful of other sources suspecting the viability of this scheme. i also cross checked BNM's website and found that the charges towards the 3 directors are still ongoing in court. I actually need real examples of people who had been scammed(made losses, if u will) in this scheme.

by the way, thank you smile.gif

This post has been edited by StarFalls~*: Jan 12 2012, 11:03 PM
CoupD'Etat
post Jan 12 2012, 11:13 PM

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QUOTE(StarFalls~* @ Jan 12 2012, 11:03 PM)
i found that, and a plentiful of other sources suspecting the viability of this scheme. i also cross checked BNM's website and found that the charges towards the 3 directors are still ongoing in court. I actually need real examples of people who had been scammed(made losses, if u will) in this scheme.

by the way, thank you  smile.gif
*
genneva.com created 2007.
for malaysian site oso just 2-3 years. not as they mention at their homepage.
and their homepage not much inform and they provide information is too less.

as business part. how do u think they pay back for such high interest?
think further.

unless them own gold mines in China.
now china over took south africa as the biggest gold producers.
StarFalls~*
post Jan 12 2012, 11:25 PM

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QUOTE(CoupD'Etat @ Jan 12 2012, 11:13 PM)
genneva.com created 2007.
for malaysian site oso just 2-3 years. not as they mention at their homepage.
and their homepage not much inform and they provide information is too less.

as business part. how do u think they pay back for such high interest?
think further.

unless them own gold mines in China.
now china over took south africa as the biggest gold producers.
*
yeap, i agree that the business model is questionable, there's even alot of topics about this in LYN itself, but most of it is either "sales consultants" trying to sell it with a MLMer behavioral style, or people refuting it based on its' questionable business model itself. what i really need is real example of people getting trapped, i myself is not interested in this scheme.

This post has been edited by StarFalls~*: Jan 12 2012, 11:25 PM
CoupD'Etat
post Jan 12 2012, 11:36 PM

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QUOTE(StarFalls~* @ Jan 12 2012, 11:25 PM)
yeap, i agree that the business model is questionable, there's even alot of topics about this in LYN itself, but most of it is either "sales consultants" trying to sell it with a MLMer behavioral style, or people refuting it based on its' questionable business model itself. what i really need is real example of people getting trapped, i myself is not interested in this scheme.
*
oic. MLM on gold. >.<"
they found a wrong product d.


FYI.

Domain Name: GENNEVA.COM
Registrar: ONLINENIC, INC.
Whois Server: whois.onlinenic.com
Referral URL: http://www.OnlineNIC.com
Name Server: NS1.MESRADNS.NET
Name Server: NS2.MESRADNS.NET
Status: ok
Updated Date: 22-mar-2011
Creation Date: 29-mar-2007
Expiration Date: 29-mar-2012

Domain Name: GENNEVA-WORLD.COM
Registrar: DIRECTI INTERNET SOLUTIONS PVT. LTD. D/B/A PUBLICDOMAINREGISTRY.COM
Whois Server: whois.PublicDomainRegistry.com
Referral URL: http://www.PublicDomainRegistry.com
Name Server: DNS250.INTERNET-WEBHOSTING.COM
Name Server: DNS251.INTERNET-WEBHOSTING.COM
Status: clientTransferProhibited
Updated Date: 01-jan-2012
Creation Date: 30-dec-2010
Expiration Date: 30-dec-2012
mbj78
post Jan 13 2012, 12:04 AM

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How about VGMC?
ricstc
post Jan 13 2012, 12:11 AM

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Hi
Can anyone here (who has the knowledge or experience) suggest to me what to do / if I can do in my case:
1. have 1oz Canadian Maple Gold Leaf Coins (these types)
user posted image
2. Bought this almost 20 years ago but are MINT (ie kept in dry box safe) hence pristine looking
3. Have lost the purchase receipt. Bought from Spore OUB

Question: How do I sell them for cash - not that I want to now - but how and where is my question.

Many thanks notworthy.gif
Kaka23
post Jan 13 2012, 12:15 AM

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QUOTE(StarFalls~* @ Jan 13 2012, 12:25 AM)
yeap, i agree that the business model is questionable, there's even alot of topics about this in LYN itself, but most of it is either "sales consultants" trying to sell it with a MLMer behavioral style, or people refuting it based on its' questionable business model itself. what i really need is real example of people getting trapped, i myself is not interested in this scheme.
*
Just wondering why you need real example of ppl got trap?
azliayob
post Jan 13 2012, 12:18 AM

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QUOTE(ricstc @ Jan 13 2012, 12:11 AM)
Hi
Can anyone here (who has the knowledge or experience) suggest to me what to do / if I can do in my case:
1. have 1oz Canadian Maple Gold Leaf Coins (these types)
user posted image
2. Bought this almost 20 years ago but are MINT (ie kept in dry box safe) hence pristine looking
3. Have lost the purchase receipt. Bought from Spore OUB

Question: How do I sell them for cash - not that I want to now - but how and where is my question.

Many thanks  notworthy.gif
*
IMO, go to Public Gold near you...they buy higher any goldsmith...no need receipt, they just test the purity..

or you can google any person that is coins collector...


turion64
post Jan 13 2012, 12:40 AM

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QUOTE(azliayob @ Jan 13 2012, 12:18 AM)
IMO, go to Public Gold near you...they buy higher any goldsmith...no need receipt, they just test the purity..

or you can google any person that is coins collector...
*
how do they test the purity of the gold? i heard some gold is wrap with gold on the outer layer only, and metal inside. i am just curious only...
StarFalls~*
post Jan 13 2012, 12:45 AM

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QUOTE(Kaka23 @ Jan 13 2012, 12:15 AM)
Just wondering why you need real example of ppl got trap?
*
cause the reply i got was something along the line of "so got ppl kena tipu anot since already existing since 2007 or so, if dun hv means can work"
prophetjul
post Jan 13 2012, 08:30 AM

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QUOTE(StarFalls~* @ Jan 13 2012, 12:45 AM)
cause the reply i got was something along the line of "so got ppl kena tipu anot since already existing since 2007 or so, if dun hv means can work"
*
If you search the thread or the one before this, you will find many written about this.

i will just give you one pointer in how this works

You are essentially paying yourself the very enticing interest! nod.gif
When you buy the gold bar, its priced at about 20 to 25% above spot gold prices...... biggrin.gif
They offer 1.5% per month for 6 months making it 9%....the balance is
profits for their company and agents. biggrin.gif

vincentwmh
post Jan 13 2012, 11:23 AM

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QUOTE(ricstc @ Jan 13 2012, 12:11 AM)
Hi
Can anyone here (who has the knowledge or experience) suggest to me what to do / if I can do in my case:
1. have 1oz Canadian Maple Gold Leaf Coins (these types)
user posted image
2. Bought this almost 20 years ago but are MINT (ie kept in dry box safe) hence pristine looking
3. Have lost the purchase receipt. Bought from Spore OUB

Question: How do I sell them for cash - not that I want to now - but how and where is my question.

Many thanks  notworthy.gif
*
notworthy.gif goshh.. 20 years AGO.
zest168
post Jan 13 2012, 11:48 AM

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QUOTE(ricstc @ Jan 13 2012, 12:11 AM)
Hi
Can anyone here (who has the knowledge or experience) suggest to me what to do / if I can do in my case:
1. have 1oz Canadian Maple Gold Leaf Coins (these types)
user posted image
2. Bought this almost 20 years ago but are MINT (ie kept in dry box safe) hence pristine looking
3. Have lost the purchase receipt. Bought from Spore OUB

Question: How do I sell them for cash - not that I want to now - but how and where is my question.

Many thanks  notworthy.gif
*
Try www.mint.ca and contact them to see how u can sell back to them. It may worth more than the weight of Gold itself because it is 20 years ago.


potenza10
post Jan 13 2012, 12:17 PM

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Just join gold lot shop at fb and try to sell there...maybe grab intention since this is canadian maple coin
CoupD'Etat
post Jan 13 2012, 03:43 PM

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try sell back to UOB.

is it well covered and with siri number?

or just plain gold coin.



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