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

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berdorki
post Feb 9 2012, 12:00 PM

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hmm...anyone investing in UOB's gold savings account?

I called the customer care, and was told that if I open my account in the Taipan branch, I can still conduct my transactions in any other branches in malaysia. Not necessary to go back to the exact same branch where I opened the account.

However, when I visited a branch in Penang last month, I was told that if I open an account at branch A, I will always need to go back to branch A to conduct future transactions.

Who is right?
berdorki
post Mar 1 2012, 09:38 AM

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now uob 167.30
berdorki
post Mar 1 2012, 09:52 AM

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But just curious...why is it that when the world price for gold is high, UOB's price didn't rise. When world price drop, UOB fall.

I'm thinking to invest some now, but possible to drop even lower?
berdorki
post Mar 1 2012, 10:05 AM

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it's rising back up. by the time i get to uob, which would be in the afternoon, it won't be this beautiful price anymore sad.gif


Added on March 1, 2012, 10:08 am
QUOTE(cherroy @ Mar 1 2012, 10:04 AM)
You need to take into account of USD-RM exchange rate as well.

Gold price rise, but USD-RM exchange rate fall then you won't see much increment in term of gold price in RM. Yesterday, USD-RM once fell below Rm3.00.
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Thanks cherroy fofr the explanation!

This post has been edited by berdorki: Mar 1 2012, 10:08 AM
berdorki
post Mar 2 2012, 05:09 PM

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wORLD gold price continues to inch down..
berdorki
post Mar 5 2012, 09:13 PM

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yes. gold is cheap now!!! (but may be cheaper)
berdorki
post Mar 7 2012, 12:11 AM

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time to buy! biggrin.gif
berdorki
post Mar 7 2012, 12:19 AM

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me too!!!
berdorki
post Mar 7 2012, 01:38 PM

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time to stock up some gold at uob?

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