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

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livelifefull
post Dec 27 2011, 11:17 AM

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Still dropping. I awaiting for the right time but probably not that soon!!
livelifefull
post Dec 28 2011, 10:47 AM

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QUOTE(kelvyn @ Dec 28 2011, 09:16 AM)
Anyone managed to convert their paper gold to physical gold from the banks? I mean the same bank from where the paper gold was bought.
What would be the charges?
Cos when asked the bank, they cannot give an answer. They only say that they will need to check.
Understandable that this will depends on the current gold rate, but there wouldn't the bank have a standard surcharge or like that? Anyone can clarify?
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As I know, PBB allow the withdrawal of physical god. But only from the selected branch only. Please refer to below

Gold Collecting Branches 50g 100g
Jalan Sultan Sulaiman RM220 RM240
Pulau Pinang/ Bagan Ajam


ps: I view gold price from the below web and it closed at 1587.3 as of 27dec11
http://www.kitco.com/charts/livegold.html
livelifefull
post Dec 28 2011, 02:29 PM

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QUOTE(xproc @ Dec 28 2011, 12:07 PM)
after add RM 220 and RM 240 (= about RM16840) it is more expensive than pamp gold (be it fortuna = rm16650, casting bar rm16550 or dragon RM16730)... and wonder what type of gold does PB give you...

so... imo, if buy more than 50 g... get pamp...
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No Ideal what kind of gold PBB offer. hav to check with them.


Other than the PBB, UOB and Maybank listed below.. any other good places that is recommend for gold investment?

This post has been edited by livelifefull: Dec 28 2011, 02:30 PM


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livelifefull
post Dec 28 2011, 05:01 PM

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QUOTE(xproc @ Dec 28 2011, 04:57 PM)
bro... swiss pamp can get at RM12k for 100 gram... pm me for details... else your list is outdated very far..

uob = http://www1.uob.com.my/jsp/finance/fin_gold.jsp?func=gold
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So paiseh lar. u know i know lor if still can get at rm12k tongue.gif
Just saw the bank list and wanna ask more about it only. lol
livelifefull
post Dec 28 2011, 05:20 PM

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QUOTE(xproc @ Dec 28 2011, 05:15 PM)
if you plan invest gold... buy physical if can... smile.gif once you determine how much you want to buy then go look for best offer... dont go retail gold shop like poh kong and tomei buy... as they follow FGJAM price = @@, dont buy jewelry as they follow FGJAM price + 15% for upah = less worth... find places or sellers sells follow spot price + % as margin...

the best is to buy gold bars or gold coins at your convenience, choose either pamp, maple etc is good enough ... larger = cheaper per gram (long term), smaller = more easy to liquidate but higher cost per gram... good start = 5g/10g/20g/1oz to 50g/100g
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Good advise. thank you nod.gif
livelifefull
post Dec 29 2011, 01:52 AM

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QUOTE(little @ Dec 28 2011, 11:50 PM)
Gold Price is dropping!
USD 1571 already...!!
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Latest is USD1563.1 as of (Dec 28 2011, Current New York Time: 12:51:28)

Drop drop drop rclxub.gif
livelifefull
post Dec 29 2011, 07:56 PM

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QUOTE(tunasandwich @ Dec 29 2011, 06:58 PM)
1535 and dropping... wads going on guys?
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1526 and still dropping
Dec 29 2011, Current New York Time: 6:55:31

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