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

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 ...........  

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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.............

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

selling at Rm176 p gram

Not sure what you can do with the jewellery....try gold smelters?

What coin is that? Why do you think its worth >10k?

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

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

Not sure what you can do with the jewellery....try gold smelters?

What coin is that? Why do you think its worth >10k?

LMAO, I recommend PAMP swiss and PK gold bar instead of pamp dragon. When did I recommend Pamp dragon which have 25 deduction for trade in? If you want to compare selling price then please do compare buying back price for PK gold bar and Pamp swiss. Else don't show your stupidity here. Try to learn how to use dispersion percentage. Try how to include the cost of risk for every industry. Which industry will turn worse (higher risk) when economic facing recession issue.
I just asking everyone to diversify their investment instead of pooling all money to a single entity. This is to minimise their risk. I not the owner of bank nor jewellery shop but telling you the additional options for investment. If you do not know the picture of finance please just skip this and go do whatever you like.

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.

Some US bullion coins (more than 100 years) or rare ones are worth thousands especially if it is in good grade condition.

Dont be a silly ass........

already told you pamp fortuna of dragon, its the same.
Whatever you tout , the idea is DONT BUY GOLD BARS FROM JEWELLERS.

YOU ASKED THE PERSON FEW PAGES BACK TO BUY PAMP BARS FROM JEWELLERS, SPECIFICALLY TOMEI.
DO YOU WANT ME TO POST THAT POST TO REMIND YOU?  HERE YOU GO.......
ONly stoopid suckers like you advise such ............... 

Especially when  a few of us has SHown you that you can get pamp bars cheaper, just not at jewellers

OR ARE YOU TOO THICK TO COMPREHEND?

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Added on January 30, 2012, 9:58 pm
i know that. i am just asking the poster why he thinks its worth that much.
100 years means nothing if the mintage is high or its in poor condition.
i have coins minted in 2009 worth in excess of Rm10k.....

This fella in its complete set is worth around USD2900



If its grading is MS70, it will fetch USD3700   

I was answering a question of someone who look for a gold bar from jewellery shop, this is the comparison for both company. You only took part of the quote and give such stupid statement. No one stop you from buying gold from whichever company you want. IT IS THEIR OR OUR CHOICE.
Your face so thick until can keep on twisting my words. Good luck on your misleading. Will not entertain a fool like you anymore.

LMAO, I recommend PAMP swiss and PK gold bar instead of pamp dragon. When did I recommend Pamp dragon which have 25 deduction for trade in? If you want to compare selling price then please do compare buying back price for PK gold bar and Pamp swiss. Else don't show your stupidity here. Try to learn how to use dispersion percentage. Try how to include the cost of risk for every industry. Which industry will turn worse (higher risk) when economic facing recession issue.
I just asking everyone to diversify their investment instead of pooling all money to a single entity. This is to minimise their risk. I not the owner of bank nor jewellery shop but telling you the additional options for investment. If you do not know the picture of finance please just skip this and go do whatever you like.

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Added on January 30, 2012, 3:09 pm

you can try ebay. Just to let you know bank will not accept trade in for gold or cash.
If you want to get lowest deduction for the coin, you can trade the coin for PK gold bar which will go through 25% deduction (might be near to the rate given by the bank) then only trade it for cash with approximately 12% deduction. If you direct trade in at private gold smith shop, you will lose 40-50% of the gold smith shop price or 30% of the bank rate. No company will accept the coin without profits or FOC.

EDIT: If you do keep the receipt, you can sell it back the to the company where you bought from for lowest deduction.

you no need to sell to jewelers or banks... you can sell to those who wanted to buy thru online (for eg. fb group)... many people does that now.. but thru banks or jewelers you dont have the risk of genuine or whatever la...

anyway... got even see people buy from UOB then sell at higher price than bank at online... but yet still have people to buy.... dunno why..

Is it true that you could buy the physical gold from the bank, say UOB, PB, etc and
later sell them outside at higher price than bank's price? 

Is it true that you could buy the physical gold from the bank, say UOB, PB, etc and
later sell them outside at higher price than bank's price? 

Outside buy based on market price one.

For eg. now market price of gold is Rm170/g for today, nobody will sell you below RM170 today. Banks can sell you at Rm175, jewellery shop can sell at retails jewellery price at RM199.
Impossible to make instant abitrage the to make a profit.

But next day price go up Rm180 that lead one make profit, is another story already.

Selling is always market price + spread charging
Buying price is always market price - charging.

Those so called "scheme" that posted before, by shops offer sell high and buy higher than market price won't get away the basic pricing.

Sell at you at Rm199, but offer to buy back from you at Rm180 only applied if you bought from them at RM199.
If market price out there is RM170, outside only accept buy back no more than Rm170.

Can you buy from outside at Rm175 to sell to them at Rm180? Certainly no. 

some people not free to search for stocks at uob and no need queue... why not...

got people selling 1oz gold maple at rm5700 (can nego) (give uob receipt also) ... and still got people buying it... i have check uob internet price that time at RM5530...

not every uob bank you walk in you can get the gold you want... you need walk in thier branch and queue, waste office hours time etc....

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Added on January 31, 2012, 11:17 amelse... if you urgent to sell... sells at price lower than bank selling to others... but higher than bank buying price... you wont lost that much...

the last resort is sell back to bank... which follows bank buying price...

correct me if i am wrong...

Im still studying in uni... actually. isit ok if i use my allowance to buy 1gm of paper gold every month from maybank... im looking for long term thingy... or do i need to monitor the market every now and then....

OR

isit better if i just throw all my extra allowance into the bank or get saving policy from prudential.   

thanks

QUOTE(nasze_89 @ Jan 3 2012, 09:17 AM)
"We have the beginnings of a real bear market, and the death of a bull," said veteran trader Dennis Gartman, a long-time gold bull who completely exited his bullion investments last week.
Since September, gold has underperformed commodities measured by the RJ/CRB index and the euro, while U.S. equities measured by the S&P 500 eked out a slight gain.

Drop below $1500 per oz, (RM 169 per gram if $1=RM 3.2)
This is just a forecast, so my advice, buy when the trend increase, around RM 150-160 per gram if u are risk averse people.

You listen to this fool at yer own peril........Flipflopping at a sneeze?   

http://www.cnbc.com/id/45828049

Gartman as Gold Tops $1,600: ‘I Missed the Lows’



Gold bulls are feeling more comfortable as the precious metal rose more than 2½ percent on positive economic data, but is it time to get in the trade?

“I got unlucky in not turning bullish properly,” noted investor Dennis Gartman said Tuesday. “It’s still a long-term bull market, and I’ll get bullish again. It looks like I missed the lows. Those things happen.”

The Gartman Letter publisher made headlines when he announced he had sold off the gold in his personal account.

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Added on January 4, 2012, 1:14 pmGrandich Raises Gold Challenge to $2 Million.

By Mark Gongloff

Everett
Two MILLION dollars!Newsletter writer/bomb thrower Peter Grandich is at it again.

A few weeks ago he launched a broadside rant against three of his fellow newsletter writers, including Dennis Gartman, who have recently dared to suggest that gold might possibly not be a great buy right now! After labeling them the Three Stooges, he challenged them to a $1 million bet that gold will hit $2000 an ounce before it hits $1200 an ounce.

The response from the Stooges ranged from calling Grandich a nut job (Jon Nadler of Kitco) to wishing him a Merry Christmas (the chivalrous Gartman).

Having not thoroughly spooked all the horses with that first bet, Grandich has today raised the ante, directing all of his ire at Nadler and challenging him to another bet, now $2 million, that gold will hit $2100 before it hits $1000:

I hereby challenge Mr. Nadler again, this time raising my wager to $2 million — still not anyone’s “life savings.” I’ll increase the bet’s target price by $100: that gold will see $2,100 before $1,000. The winnings are to be donated to charity.

It’s a shame that someone can continue to be so wrong without being questioned. When Mr. Nadler resorts to misrepresenting me, it’s time for him to put up or shut up.

If Mr. Nadler’s forecasts have been so profitable to him and his readers, why wouldn’t he accept this challenge?

I have arranged for the law firm of Lomurro, Davison, Eastman & Munoz of Freehold, New Jersey, to hold the wagered funds in trust. My offer to Nadler is good until 12:01 a.m. ET January 9, 2012. And since my side of the wager is derived from my personal funds, Mr. Nadler’s $2 million match to my wager shall also be certified as deriving from his personal funds or funds derived from the assets of his immediate family.

MarketBeat doesn’t want any part of this debacle, but will agree with Grandich that $2 million is “not anyone’s ‘life savings.’” MarketBeat’s “life savings” are more like $200.

Gold was recently up 1.65% at $1566.40. Your move, Nadler!

Update: Nadler responds in the comments section:

For the record, what I said about the man was: “Peter Grandich is not worthy of my time, or of my attention. He is a desperate man, desperately seeking attention,” said Nadler, in response to an email requesting comment on Grandich’s blog.” That is not a “nut job” quote. … Finally, also for the record, I do not advise my readers and I do not predict anything, unlike Grandich. I do find it sad as well as humorous how he keeps moving his betting targets now that his first number is about to fall. Totally disingenous. That is why no one is paying attention.

PS: Here is one bet you can count on: Effective today, the name of Peter Grandich will not be mentioned by me directly or indirectly in any way. He no longer exits as far as I am concerned and no time of mine shall be wasted on anything that has to do with him and his antics.

Update 2: Grandich writes:

In typical “Tokyo Rose” fashion, Nadler not only totally fails to answer truthfully about his actual track record, but he again outright lies by using a $1,500 number that never existed in any and all claims except in his warped and devious mind. The sad part is the author of the column doesn’t seem to grasp that nor the ample evidence of exactly how wrong Nadler has been for years. And may I add as a standardbred horse owner that if nadler was indeed a horse, it would be much easier to accept what he dumps and leaves in his path of twisted truths, lies and deception. P.S. Also as a horse owner I can say based on his heartless track record, he couldn’t find a suitable race even at a state fair. P.S.S. And to Mr. Gongloff, thank you for proving my point about most in the media.The great Jim O’Connell must be wiping yet another tear from his eye in Heaven.

Update 3: Grandich further adds:

Jon Nadler wrote :

“PS Here is one bet you can count on: Effective today, the name of Peter Grandich will not me mentioned by me directly or indirectly in any way. He no longer exits as far as I am concerned and no time of mine shall be wasted on anything that has to do with him and his antics.”

This is basically the line Nadler used when he said gold topped out at $800 and was not in a bull market when ROB-TV offered to host a debate between us only to have Nadler hide in the safety of his useless column and twist facts and comments of mine and others who did something he never managed to do since gold was $300 – gets its long term direction correct.

If it was just a matter of being wrong there would be no challenge because I’ve been wrong many times only I don’t try to change history and make like it never happened. Sadly, this journalist is like many who couldn’t begin to be truly fair and balance. Thankfully, my Savior more than makes up for it and that shall be my comfort for the lies and deception that nadler continues to dwell in (and this columnist indirectly helps support with his first grade wit and charm). End of discussion with this column but I shall never waiver to speak up when such decitful people like nadler make a mockery of truth.

its not really my emergency funds... think of it as surplus from my allowance... im looking at 10-15 years. haha... its more like "saving" for the future to me...