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

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potenza10
post Jan 29 2012, 10:32 AM

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Its ok for newbie..but after this, maybe can sourced out for cheaper price. Never buy from gold shop.
doraemonkiller
post Jan 29 2012, 10:35 AM

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QUOTE(prophetjul @ Jan 29 2012, 09:33 AM)
Its not a limited edition. Its not a numis coin.  Its a gold Pamp bar like the norm....dear   biggrin.gif
And getting fleeced for 25% for a gold BAR is not very nice......

Did you get yours at Tomei, Habib or PK?   biggrin.gif

*
If 25 deduction that item is not for investment but collection. PK also have la bro...
Who say Dragon Pam is for investment?


Added on January 29, 2012, 10:41 amJewellery shop 999 gold price has maintain the same for more than 1 month. I believe Monday the price will increase like 10-15 ringgit at least. (they can't change the price on Sat and Sunday)
Although there is 12% dispersion but since the bank gold price had changed. Unable to buy it in old price. Thats why dispersion of 12% no longer 12% if you know that the price will shoot up.

This post has been edited by doraemonkiller: Jan 29 2012, 10:41 AM
CoupD'Etat
post Jan 29 2012, 12:23 PM

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QUOTE(doraemonkiller @ Jan 28 2012, 11:07 PM)
that 1 is for dragon year collection.


Added on January 28, 2012, 11:10 pm

this is so wrong... unless u want 1kg only they will get from bank.
*
China do produce a lot of "limited edition" stuff for "investment"

likes "limited edition dragon gold coin, note , sheet etc " . But i feel it's very commercial for such stuff.
prophetjul
post Jan 29 2012, 02:28 PM

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QUOTE(doraemonkiller @ Jan 29 2012, 10:35 AM)
If 25 deduction that item is not for investment but collection. PK also have la bro...
Who say Dragon Pam is for investment?
Dear, do you understand the difference between numis coins and bars?
Just cos you paid 25% more at the jewellers does not make it numis.

The Pamp Dragon is no different from the Fortuna BARS...

Further more you can get it cheaper else where..................WHY would you wanna
pay at a highr price at the jewellers? biggrin.gif


Added on January 29, 2012, 2:30 pm
QUOTE(CoupD'Etat @ Jan 29 2012, 12:23 PM)
China do produce a lot of "limited edition" stuff for "investment"

likes "limited edition dragon gold coin, note , sheet etc " . But i feel it's very commercial for such stuff.
*
Aye

Like the Perth mint dragon 1 oz gold coin. Thats limited to 30,000 pieces.
These coins are numistatic in nature

This post has been edited by prophetjul: Jan 29 2012, 02:30 PM
desmond_fantasy
post Jan 29 2012, 06:01 PM

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Now my investment on gold is just merely cover the spread, now only profit around RM100...sigh....need to wait it reach at least RM1800 per ounce
doraemonkiller
post Jan 29 2012, 11:16 PM

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QUOTE(prophetjul @ Jan 29 2012, 02:28 PM)
Dear, do you understand the difference between numis coins and bars?
Just cos you paid 25% more at the jewellers does not make it numis.

The Pamp Dragon is no different from the Fortuna BARS...

Further more you can get it cheaper else where..................WHY would you wanna
pay at a highr price at the jewellers?  biggrin.gif
When did I said about numis? Don't let me keep repeat my mesg until I vomit blood.
I never ask people to invest on pam dragon because not worth it at all. Why do u keep relate pamp dragon to investment?

Like what I said, PK gold bar and Tomei pamp swiss deduction is different with normal jewellery. Although their selling price is higher but the buy back price also higher. We always look at their dispersion in terms of percentage. Just like different bank have different rate and different dispersion percentage. If you still can't understand please just skip it and stop making fool of yourself.
potenza10
post Jan 30 2012, 12:16 AM

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How much deduction if sell back pamp dragon to them?
doraemonkiller
post Jan 30 2012, 12:41 AM

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QUOTE(potenza10 @ Jan 30 2012, 12:16 AM)
How much deduction if sell back pamp dragon to them?
*
Not sure but prophetjul said it is 25%. Same like the normal jewellery.
ronnie
post Jan 30 2012, 01:36 AM

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Do we have historical daily rates for Paper Gold from banks ?
GymBoi
post Jan 30 2012, 02:30 AM

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Hi guys ... just started to do some reading on Gold .. Referring to 1st page, the best gold is like 999.99 but public bank seems to offer 99.99 only? Which is less than 100? Am I seeing a typo or those numbers are not in terms on percentage ? Just wanna make sure the gold from Public Bank is not crappy gold ... lolz
prophetjul
post Jan 30 2012, 07:32 AM

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QUOTE(doraemonkiller @ Jan 29 2012, 11:16 PM)
When did I said about numis? Don't let me keep repeat my mesg until I vomit blood.
I never ask people to invest on pam dragon because not worth it at all. Why do u keep relate pamp dragon to investment?

Like what I said, PK gold bar and Tomei pamp swiss deduction is different with normal jewellery. Although their selling price is higher but the buy back price also higher. We always look at their dispersion in terms of percentage. Just like different bank have different rate and different dispersion percentage. If you still can't understand please just skip it and stop making fool of yourself.
*
First of all YOU are the one to recommend ppl to buy Pamp bars from jewellers which is sillly as i have
pointed out

QUOTE
QUOTE(doraemonkiller @ Jan 27 2012, 02:20 AM)
If you are not travelling around the world then get Poh Kong Gold Bar. No workmanship for 20 grams and above. Deduction should be the lowest among competitors like Tomei. free interest installment for 12 months which means you are paying the old price.

If you travel a lot and Malaysia is not a location that you will stay in the very soon future, then go for Tomei Swiss Pamp gold bar. No free ezypayment. Workmanship apply for every size.
The outcome always so sudden and beyond our expectation. We know that Malaysia current government does not apply good governance.
For me, I will invest on both to diversify and minimise the risk as low as possible.


Next later in response to me you said

QUOTE
QUOTE(doraemonkiller @ Jan 27 2012, 04:59 PM)
pam dragon is not for investment purpose la dear...


Dear.......

There are only two specs as far as investment in Pms are concerned, ie bullions and numis
If pamp dragon is a bar, it cannot be numis.
If you buy a bar and its not for investment, whats it for?

NOW

you say

QUOTE(doraemonkiller @ Jan 30 2012, 12:41 AM)
Not sure but prophetjul said it is 25%. Same like the normal jewellery.
*
It appears you are not even sure of the spread of buy/sell of the pamp bars by the jewellers!
Are you trying very hard to pay a premium of 25%?

IF SO, i will gladly sell my pamp bars to YOU for a premium of 20% above spot.......deal Dear? biggrin.gif


How many do you want?


ooorait
post Jan 30 2012, 09:41 AM

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QUOTE(ronnie @ Jan 30 2012, 01:36 AM)
Do we have historical daily rates for Paper Gold from banks ?
*
u can try to browse goldabout.blogspot

ronnie
post Jan 30 2012, 10:34 AM

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QUOTE(ooorait @ Jan 30 2012, 09:41 AM)
u can try to browse goldabout.blogspot
*
Thanks... should put this in the 1st post as reference : http://goldabout.blogspot.com/p/malaysia-b...gold-price.html
jeremywhd
post Jan 30 2012, 11:55 AM

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hi any1 here know where to do intraday gold trading? which is the best broker?
doraemonkiller
post Jan 30 2012, 12:00 PM

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QUOTE(prophetjul @ Jan 30 2012, 07:32 AM)
First of all YOU are the one to recommend ppl to buy Pamp bars from jewellers which is sillly as i have
pointed out
Next later in response to me you said
Dear.......

There are only two specs as far as investment in Pms are concerned, ie bullions and numis
If pamp dragon is a bar, it cannot be numis.
If you buy a bar and its not for investment, whats it for?

NOW

you say
It appears you are not even sure of the spread of buy/sell of the pamp bars by the jewellers!
Are you trying very hard to pay a premium of 25%?

IF SO, i will gladly sell my pamp bars to YOU for a premium of 20% above spot.......deal Dear?  biggrin.gif
How many do you want?
*
Seriously. Do you know the difference of pamp swiss and pamp dragon. I never heard about pamp dragon until you mention it. Since you said pamp dragon trade in deduction is 25 percent it will be same like normal jewellery which it has to be melted after trade in. For pamp swiss and PK gold bar, it does not go through this process. That is why the deduction is lower.
If you buy the dragon pamp for investment then don't whine too much becoz of your stupidity. Whatever it call pamp, numis or bar, you have to look on their dispersion, risk and benefit.
prophetjul
post Jan 30 2012, 12:23 PM

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QUOTE(doraemonkiller @ Jan 30 2012, 12:00 PM)
Seriously. Do you know the difference of pamp swiss and pamp dragon. I never heard about pamp dragon until you mention it. Since you said pamp dragon trade in deduction is 25 percent it will be same like normal jewellery which it has to be melted after trade in. For pamp swiss and PK gold bar, it does not go through this process. That is why the deduction is lower.
If you buy the dragon pamp for investment then don't whine too much becoz of your stupidity. Whatever it call pamp, numis or bar, you have to look on their dispersion, risk and benefit.
*
Silly me.....the Pamp Fortuna and dragon are about the same price at the jewellers.
they are same bars issued by Pamp....Here for your eyes and learning experience....... biggrin.gif

user posted image

i will whine a lot for paying 25% more than what i should...espcially when i can aquire
that for 25% less compared with them jewellers that you touted.

Imagine if i invest Rm1mil. Thats Rm250k gone to your jewellers for NOTHING! whistling.gif

i guess its stoopid to wanna buy it less especially when its for investment........... rolleyes.gif

i guess a clever dude like you like to pay over the top for your investments............ biggrin.gif

SERIOUSL-y

This post has been edited by prophetjul: Jan 30 2012, 12:24 PM
doraemonkiller
post Jan 30 2012, 01:08 PM

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Did I recommend this dragon pamp to anyone? You are the 1 who started this. You keep insist this item instead of the common pamp swiss. If the deduction is 25 percent (I not sure whether u get the right info), it will be more like collection instead of investment. If you are rich enough, you want pamp rabbit, pamp snake also can.
prophetjul
post Jan 30 2012, 01:41 PM

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QUOTE(doraemonkiller @ Jan 30 2012, 01:08 PM)
Did I recommend this dragon pamp to anyone? You are the 1 who started this. You keep insist this item instead of the common pamp swiss. If the deduction is 25 percent (I not sure whether u get the right info), it will be more like collection instead of investment. If you are rich enough, you want pamp rabbit, pamp snake also can.
*
Why are you so worked up about the pamp dragon?

The prices for the common pamp fortuna at the jewellers are ALSO over the top.
Last time in asked it was like 25%.
So why do you wanna pay for that?

The point of all this is NEVER BUY GOLD BARS FROM JEWELLERS (which YOU recommended in a post)
because of the price.

Theres no pamp rabbit, pamp snake ........... whistling.gif


Added on January 30, 2012, 1:53 pmToday (145pm) the Fgjam gold price is RM198p gram
Thats translates into Rm6148p oz.

i can get the same for Rm5436.

Thats 13% lower..looks like its cheaper than the last time i asked.

Anyway you can get the same pamp fortuna at UOB at Rm5633 presently.....if stocks are avail.............


Added on January 30, 2012, 1:55 pmOr 1stopgold(disclaimer:i dont own this company)

selling at Rm176 p gram

This post has been edited by prophetjul: Jan 30 2012, 01:55 PM
potenza10
post Jan 30 2012, 02:12 PM

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Never buy gold bar from jewellery shop.

Full stop.
mois
post Jan 30 2012, 02:26 PM

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I got gold which i kept since 15 years ago mostly are jewelleries. But got 1 gold coin dated 1904. Was told the coin worth more than 10k. Where is the best way to sell the gold? Goldsmith will buy at low price which i dont want to sell to them

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