Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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 Feb 12 2012, 12:39 AM
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#1
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Junior Member
16 posts Joined: Feb 2012 
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UOB and Maybank not everytime got physical gold. More times than not, they don't have gold. Recently want to buy, just the day before this huge run-up start, both banks don't have. Sigh!
This post has been edited by crac: Feb 12 2012, 12:42 AM |
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Feb 18 2012, 10:52 PM
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#2
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Junior Member
16 posts Joined: Feb 2012
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Information given by Maybank when I called them is they will buy from you back since you bought from them. But they will want to see the receipt which they issue to you when they sold to you.
QUOTE(ruben7389 @ Feb 17 2012, 10:31 PM) what about BNM's Kijang Emas which are sold via Maybank?  Added on February 18, 2012, 11:00 pm QUOTE(tiramisu83 @ Feb 17 2012, 05:33 PM) If buy physical gold from banks, i think UOB offer the best spread price. If you plan to only sell it back to UOB, then buy from UOB as the spread is smaller . However, if you plan to sell it to other parties eg: friends/other people, then go for DeGem as you buy i at a cheaper price. From what I was told by the banks, they only will buy back the gold that you bought from them. (makes sense or there will be arbitrage--imagine people buying from DeGem and selling to UOB). That's why they issue you certificate/receipt to show proof that you bought from them. In fact, you can't even get others to buy on your behalf because they take down your IC and so on.But i found that DeGem also selling PAMP gold with a lower price, spread price also quite the same. If do a comparison for today 100gm PAMP gold price UOB sell 18408, buy 17313, 5.94% DeGem sell 17769, buy 16670, 6.18% If you guys, which one you will go for? Added on February 18, 2012, 11:09 pmNot a sifu but maybe can help a bit. If you have only a few hundred ringgit budget and you do not want to wait is to go and open a gold savings account in Maybank as you can buy/sell in 1 gm (1 gm is around RM170). Physical gold, the smallest is 1/4 ounce which cost around RM1,400. no idea on vgmc. QUOTE(darth6 @ Feb 17 2012, 02:52 PM) Hi sifus, This post has been edited by crac: Feb 18 2012, 11:10 PMwould like to know more about vgmc,anyone knows? heard that it's a scam but I got a few friends whom have joined it few months already and they do get their incomes back. So, how is it a scam if you do get income? and please recommend the cheaper way to kick start my gold investment please! cheaper as in I don't really have 2k to buy a 10gram straight,maybe there's a way to start with few hundred ringgit budget? thanks and have a great day! |
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