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

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knight
post Mar 30 2012, 08:52 PM

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Hi Guys, I've been trying to get the actual gold price as my reference for future reserves. Can anyone know where can get this actual gold price in Malaysia??

I was wondering the margin of this buy/sale between this goldpassbook(paper gold) and physical gold. which one is more worth it??

If the margin too high, then it's hard to earn back also.
knight
post Apr 15 2012, 12:13 PM

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Like to ask. I realize those gold sold like Kijang Emas from maybank is more expensive than the actual price. Normally if you were to purchase physical gold,what type of gold you buy? and where to buy exactly??
knight
post Apr 15 2012, 05:12 PM

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QUOTE(izzudrecoba @ Apr 15 2012, 01:50 PM)
Either UOB Canadian Maple Leaf or UOB Kangaroo Nugget. They have the lowest spread rate among physical gold of only 3%. The downside is that both are hot stuff and not easily available at UOB Bank branches.
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Appreciate your reply..but I curious on why these gold are more expensive than market price? Is it because of these gold nicely done with patterns? I tot I can just get price as actual we see..

If I buy this gold coin, does it means next time when I sell it off I must still go to the place I bought to sell it for a higher price?? Since the market price is lower than the bank price.
knight
post Apr 19 2012, 05:41 PM

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QUOTE(kh8188 @ Apr 17 2012, 11:34 AM)
Hrm, I doubt this. 916 gold is meant for jewelry. 999 is always for investment. COMEX prices are traded based on 999.

Nevertheless, for investment, always go for 999.

All the best in your PM investment smile.gif


Added on April 17, 2012, 11:41 am

Yes, Kijang Emas is more expensive. That would be the disadvantage for it. However, it is the only bullion back by our Bank Negara and they have been very consistent with their buyback scheme. Even though you pay more for it, you would get "higher" when you sell it back because of the consistent spread.

I previously did a check on it. You can refer to my blog here: http://investsilvermalaysia.com/kijang-ema...d-margin-check/

Nevertheless, UOB offers the most competitive gold bullion - The Aussie kangaroos and Canadian Maples are currently the best deal in town smile.gif
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Nice info. But just wonder if we sale these so called Bullion(Just know this word) in the gold smith, does that means we surely loose the money since the actual gold price is lower than this Bullion?

Am I correct??
knight
post Apr 20 2012, 04:00 PM

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QUOTE(john123x @ Apr 19 2012, 08:29 PM)
i agrees with this. even for kijang gold coin the buy sell spread is low. but if you think from the perspective of actual gold value in the coin, the spread between real time gold and kijang gold coin is over 10%.

beside after the fall of banking system, people will value kijang gold coin based on actual gold coin rather than the pretty workmanship .


Added on April 19, 2012, 8:31 pm
even if this Chart Prophet is right, we just average down when gold is at 1000 and 700. imagine the profit when the gold bounces back from 700 to 1600
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Wonder if LYN can have a "like" button. Haha.

That's what by doubt these bulion are more expensive than actual gold price because of it's creative beautiful workmanship.
knight
post Apr 23 2012, 10:51 AM

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QUOTE(Nidz @ Apr 20 2012, 05:15 PM)
first of all, does company B accept gold bar bought from company A?
if yes, they will set the spread according to their likes, e.g. 10%, 15% or even more.
it is up to them.
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Interested to know to buy in Bars. Is it sold according to the Gold actual price or like bullion(higher than normal price)??


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