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

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TSOM
post Jan 6 2012, 08:06 AM

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Hey guys .. I want to open GIA with UOB. My only question is, are we allowed to perform all buy/sell transactions through their internet banking? Maybank doesn't have that functionality.

Added on January 6, 2012, 8:08 am
QUOTE(hongchai888 @ Jan 5 2012, 11:19 PM)
UOB bank. From my starting capital that enough to buy 500gm earn until enough to buy 2kg now.

Its time to sell some before gold meet another correction. UOB buying rate today should be around 165 and sell at 167.
*
2kg of gold?? That's ≈ RM 300k!! Are you still holding gold? Aren't you worried it might fall again? Wouldn't it be safer to put it in ASB?

This post has been edited by TSOM: Jan 6 2012, 08:08 AM
TSOM
post Jan 6 2012, 06:14 PM

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QUOTE(TSOM @ Jan 6 2012, 12:06 AM)
Hey guys .. I want to open GIA with UOB. My only question is, are we allowed to perform all buy/sell transactions through their internet banking? Maybank doesn't have that functionality.
Anyone knows if UOB allows online transactions for buying and selling of Gold?
TSOM
post Jan 6 2012, 09:33 PM

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QUOTE(kelvyn @ Jan 6 2012, 01:26 PM)
All of UOB gold transactions are at their bank counters. No online smile.gif
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Are you serious? So public bank is the only bank that provides online buying and selling of gold?

Btw, is there anyone who is experienced in ETF gold trading?
TSOM
post Jan 7 2012, 12:49 AM

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Is PublicBank the only bank offering online gold trading? This is really crappy service!! Why can't all the other banks upgrade themselves a bit ..
TSOM
post Jan 17 2012, 10:38 AM

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Can anyone recommend a few gold ETF that I can buy? Popular ones with high trading volumes.
Thanks.
TSOM
post Jan 18 2012, 11:18 AM

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How many of us are having these GIA accounts?
Maybe we should all write a feedback to UOB (or other banks) and pressure them to introduce online trading!!
TSOM
post Jan 18 2012, 01:10 PM

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QUOTE(prophetjul @ Jan 17 2012, 06:14 AM)
Here you go    biggrin.gif

UGL Jan 13 86.44  1.25  1.43% 291,531 Chart, Message, Profile, more... ProShares Ultra Gold
- - - - -
SGOL Jan 13 162.37  1.10  0.67% 81,478 Chart, Message, Profile, more... ETFS Physical Swiss Gold Shares
- - - - -
IAU Jan 13 15.97  0.11  0.68% 3,572,109 Chart, Message, Profile, more... ishares Gold Trust
- - - - -
NUGT Jan 13 22.40  0.86  3.70% 618,433 Chart, Message, Profile, more... Direxion Daily Gold Miners Bull
--------

DGP Jan 13 52.04  0.75  1.42% 423,114 Chart, Message, Profile, more... Deutsche Bank AG DB Gold Double

Most popular

GLD Jan 13 159.26  1.12  0.70% 8,911,829 Chart, Message, Profile, more... SPDR Gold Trust
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Thanks for this list.
Is there anyone who is an expert (or know 1 or 2 about ETF)??

Both GLD and DGP follow the gold price movement. However, 1 is priced at 159.26 while the other is 52.04.
Is there any benefits of buying GLD instead of DGP?
TSOM
post Jan 19 2012, 04:42 AM

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QUOTE(izzudrecoba @ Jan 18 2012, 03:12 PM)

Buddy, if you can convince UOB Bank to implement online trading that will be fantastic! smile.gif
We all should submit a general letter to UOB. Spam their e-mail account!!
TSOM
post Jan 19 2012, 09:41 AM

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QUOTE(blekzz9 @ Jan 19 2012, 12:02 AM)
hi, newbie here.

Want to ask,what that it means?

Min Subsequent Transaction  : Multiple of 5 grams(from UOB bank)

Thx alot.
*
Just wondering, how old are you?
TSOM
post Jan 20 2012, 08:05 AM

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QUOTE(richardt3o @ Jan 19 2012, 05:17 PM)
http://www.maybank2u.com.my/mbb_info/m2u/p...cntKey=INV03.03

if we want buy from them, we should see their 'sell' right?

i didn't know bank sell expensive, and buy from us 'low'.
*
Errr .. Sorry, I just don't think you can be a businessman.

Selling price is always higher than the buying price. It's the same with FOREX when you need to buy foreign currency to travel.

Imagine if the bank sells low, let's say 160; and buys high say 165.
Then, anyone with a little bit of financial intelligence would keep buying from the bank at RM 160, and sell to the bank at RM 165, earning RM 5 per unit.
If he keeps repeating this process, the bank keeps losing RM 5 per unit until he goes bankrupt!! I know Maybank is stupid but can't be stupid-er than this!!

Added on January 20, 2012, 8:07 am
QUOTE(richardt3o @ Jan 19 2012, 05:17 PM)
http://www.maybank2u.com.my/mbb_info/m2u/p...cntKey=INV03.03

if we want buy from them, we should see their 'sell' right?

i didn't know bank sell expensive, and buy from us 'low'.
*
Also, just to clarify so that you don't get confused ...
when the bank says 'buy' or 'we buy', the we means the banks, not you!!

So when you see the buy price, it means the bank buys.
When you see the sell price, it means the bank sells!!

This post has been edited by TSOM: Jan 20 2012, 08:07 AM
TSOM
post Jan 20 2012, 01:55 PM

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For those who are GIA accounts, can we transfer Gold units (in g) to 3rd party?

For example, I want to give a few grams to my brother, can I transfer to him??

Also, can GIA accounts be close in any branch, or must it be home branch?

Added on January 20, 2012, 1:56 pmIs there a shop in M'sia that trades physical gold bars or coins?

This post has been edited by TSOM: Jan 20 2012, 01:56 PM
TSOM
post Jan 21 2012, 06:07 PM

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QUOTE(PUPUMAMA @ Jan 21 2012, 05:16 AM)
RHB also got their new gold account for us, with minimum initial deposit of 20gm.
*
Can trade online or not?
TSOM
post Jan 22 2012, 05:48 PM

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Do you think I can buy some gold now??
TSOM
post Jan 22 2012, 09:16 PM

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QUOTE(izzudrecoba @ Jan 22 2012, 01:00 PM)
TSOM, can you be more specific?

Incidentally, you may want to read the article below to understand at what month the gold will reach a new high.

http://www.caseyresearch.com/articles/when...-reach-new-high
*
Sorry ..
Because ppl have been telling me to buy before CNY. And since CNY is tomorrow, I wonder if I can buy some during the week. Maybe it's not a good idea, I don't know.
TSOM
post Jan 23 2012, 08:29 AM

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QUOTE(izzudrecoba @ Jan 22 2012, 03:35 PM)
As mentioned by many fellow experience gold investors, you are suggested to purchase gold ANYTIME when you have money smile.gif My friend told me that gold price will increase shortly after CNY. Just take his word with a pinch of salt.  hmm.gif
*
There seems to be some truth in it. It has happened in the past few years.
TSOM
post Jan 23 2012, 01:41 PM

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QUOTE(izzudrecoba @ Jan 23 2012, 04:29 AM)
Check this article out guys:-

http://www.efinancialnews.com/story/2012-0...adlines-home-TT

rclxm9.gif
*
Thanks ..

edit: can you copy and paste the article here? Have to sign up in order to read their articles .. sad.gif

This post has been edited by TSOM: Jan 23 2012, 01:46 PM
TSOM
post Jan 27 2012, 05:12 PM

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QUOTE(sangcunlee @ Jan 26 2012, 11:46 PM)
Im a newbie in gold invstment. I still dnt understnd how s the gld invstmnt work..
I had been told by my friend, BSN is gving 27% dvden for investor. The minimum amount to invest is 3k.
Let say i bought a 3k gold and put it in dbank..n put until it mature time, wht do i get?wht do i need to pay to dbank?
*
BSN dividen is 27%??? Wow!!
TSOM
post Feb 20 2012, 04:29 AM

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Gold ..... buy now or wait .. ?
TSOM
post Feb 20 2012, 12:06 PM

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So cheaper to buy gold in singapore now?
TSOM
post Mar 3 2012, 09:34 AM

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Good time to buy gold for short term, 3 to 6 months?
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