Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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 Nov 23 2011, 04:07 PM
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#1
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Junior Member
437 posts Joined: Jan 2003 From: Petaling Jaya  
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guys i m new in this gold investment...need to ask something..
when i check the "gold live" link in the first page, it stated RM208 for 999 gold...how come can get RM177 @ UOB...izit the same range? |
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Nov 23 2011, 04:36 PM
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#2
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Junior Member
437 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(cherroy @ Nov 23 2011, 04:16 PM) Probably 208 is the retail pricing. ic..i never know can purchase at discounted price..thx for the info..Gold never reach Rm208 before, if not mistaken, it never cross the Rm200 mark. RM17x is the spot price, the real worth/value of gold.  i been asking this as i was approached by my friends husband which is doing gold investment, he explain the plan to me: i) buy 100g of 999 gold with current market price RM20,800 (RM208 x 100) ii) upon purchased, he will hand me the physical gold which i can verified at goldsmith shop for purity iii) after 3 months, he will buy back the gold with profit margin of 7% (RM1456) that's y i m still considering if i wanna buy from his plan or direct from bank....i did heard alot of scams about gold coins before...sorry if this is not the right thread to ask this  anyone can shed a light  |
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Nov 23 2011, 04:51 PM
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#3
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Junior Member
437 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(cherroy @ Nov 23 2011, 04:43 PM) It is not "discount" price. It is the real worth price of gold actually thats what i been wondering as well...i do google and found out that there is a company by the name of Genneva which offer similiar plan....FYI this company is :Rm208 is the retail price is already taking into account or profit margin. Instead of saying Rm17x is discount price, you can view Rm208 is gold real worth + profit margin/for retailers. Gold doesn't yield any interest nor can grow, where he find the money to pay you the 7%?  CSG Fine Metal (http://www.csgfm.com.my/home.asp ) So-called sub-company of Caesar Gold (http://caesargold.com.my/) i m thinking if the physical gold given to me is genuine, i still can keep it for future trade if the market grows (if the company run-away)...at the end of the day, is still risk....  |
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Nov 23 2011, 05:21 PM
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#4
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Junior Member
437 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(cherroy @ Nov 23 2011, 05:12 PM) Do you know how to verify it is the genuinelity? they r selling at RCP RM208/g...i just finished reading another topic of discussion about Genneva which offer the similiar scheme....too much doubts and risks...hence i decided to pull off and start doing my survey to buying gold from banks, even maybe with lower return but with lower risks as well...better safe than sorry So are they selling genuine 999 gold to you at Rm17x/g? thx guys for all the useful reply  |
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Nov 23 2011, 07:14 PM
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#5
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Junior Member
437 posts Joined: Jan 2003 From: Petaling Jaya
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QUOTE(cherroy @ Nov 23 2011, 06:27 PM) Then you need to see why want to buy gold in the first place. if there is a choice, for sure i dont want the gold physically...a paper will do as long as it apply to the same valueMajority people want to buy gold so that they can gain money, want to have some inflation hedge etc. All are about to gain money, so to gain money, the one has lower spread, lower risk is the one preferred. Unless one really like the gold, want to see the yellow shining metal, want to own and hold the yellow metal, then yes, go for physical. So you want to buy at Rm208 which the real value is RM17x (buyback), in the process to gain money? Physical price is based on paper price, this is a fact. |
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