Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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 Mar 1 2012, 11:18 PM
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#1
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Senior Member
1,167 posts Joined: Nov 2006 
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Hi guys. I am new to Gold Investment. The Gold price show in the bank let say Selling Price is RM169/gm and buying price is RM162/g, does it mean that we purchase the gold from bank at RM169/gm and sell to bank at RM162/gm ??Sorry about noob question as i am confuse about those selling price and buying price stated in the bank homepage. Any Sifu please help to advise. Million of thanks to you all.
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Mar 1 2012, 11:40 PM
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#2
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Senior Member
1,167 posts Joined: Nov 2006
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QUOTE(loongchai @ Mar 1 2012, 11:22 PM) Yes, absolutely right and it means the spread is RM169-162 = RM7 Hi. Thank you for your reply.icic. Then how is the return of gold investment?Meaning if we buy RM169/gm from bank and then sell to bank RM162/gm, then how are we going to earn?Will the bank buy rate is higher than selling rate? Sorry for the noob question again. |
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Mar 4 2012, 09:21 PM
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#3
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Senior Member
1,167 posts Joined: Nov 2006
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Now issit the right time to open gold account???
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Mar 5 2012, 07:12 PM
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#4
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Senior Member
1,167 posts Joined: Nov 2006
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Now issit the time to open gold account??
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