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Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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ronnie
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 Nov 17 2011, 08:34 AM
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QUOTE(locknes @ Nov 17 2011, 01:37 AM) sorry to interrupt i'm still a newbie in this ... ok to make the story easy ... question: 1. can i start with rm2k for starting??? 2. let say i buy a gold witch 1 is better 916/999.9 3. if i have chose either 1 from the above can i keep it my self?? 4 where can i sell it if i hold it on my own ?? 5. how many gram can 2k earn for gold ??? 1. Average Gold Price is from RM180 to RM208 per gram 2. Of course 999.9 is best. 916 is mostly for jewellery. |
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ronnie
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Jan 19 2012, 03:59 PM
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QUOTE(thomas @ Jan 19 2012, 12:59 AM) my 1st physical gold bar investment ...  PAMP Swiss Gold... [attachmentid=2647344] [attachmentid=2647347] Did you buy it locally ?... worth >RM5k |
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ronnie
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Jan 25 2012, 11:38 AM
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QUOTE(yezhacolic @ Jan 25 2012, 09:02 AM) Hey guys, Would like to enquire which bank i should invest in IF I were to allocate budget of 200-300 in a monthly basis? Not so sure about this, as i'm new here.  Thank you With your limited monthly budget, you can go for Maybank's Gold Savings Account which allow minimum purchase of 1g. BUT Maybank's spread is very high. |
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ronnie
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Jan 25 2012, 12:25 PM
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QUOTE(czpin @ Jan 25 2012, 12:14 PM) hey guys , i wan to ask that why the market gold price with maybank's gold selling and buying price not the same eh? i seem maybank's gold selling and buying price just drop abit although the market gold price dropped more . har? why har? Buying Price is always LOWER than Selling Price for banks to make Profit !!! |
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ronnie
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Jan 25 2012, 04:01 PM
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ronnie
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Jan 26 2012, 10:27 AM
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QUOTE(Trans_Fires @ Jan 26 2012, 10:16 AM) Hi Guys, I interested to buy gold (pure gold) for investment. I want to buy a physical gold but don't know which shop is the best to buy since some shop didn't follow the standard market price and I also afraid being scam. So where is the best place to buy gold for investment? Thanks  Buy from banks like UOB or Maybank |
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ronnie
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Jan 26 2012, 10:50 AM
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QUOTE(Trans_Fires @ Jan 26 2012, 10:49 AM) Owh, but out of curiosity, which is more better to buy from? Jewellery shop or banks? Of course you can get the same amount of gold at lower price from Banks than Jewelery Shops |
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ronnie
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Jan 28 2012, 01:39 AM
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Can we safely state that the 1-year returns from Paper Gold Investment Account more than Fixed Deposit ?
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ronnie
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Jan 28 2012, 01:59 AM
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QUOTE(cherroy @ Jan 28 2012, 01:55 AM) No. It is totally unknown territory. It can 100x better than FD It can be at par. It can be worst. Unless one has the crystal ball, which I don't have, so never state such a statement to start with. In what condition would it fare worse than Fixed Deposit ? US and EU becomes economic powerhouse again in 2012 ? |
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ronnie
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Jan 28 2012, 02:25 AM
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QUOTE(cherroy @ Jan 28 2012, 02:05 AM) It may happen, if no more QE, no more cheap interest rate, economy back on track, and little fear around the financial condition, deflation occur. etc. Gold price fare worst than FD from 1980 to 2004, about 25 years. Gold price performs many many times better than FD from 2004 up to now. Let's hope another 25 years of Gold Uptrend from 2004 to 2029    |
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ronnie
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Jan 30 2012, 01:36 AM
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Do we have historical daily rates for Paper Gold from banks ?
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ronnie
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Jan 30 2012, 10:34 AM
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QUOTE(ooorait @ Jan 30 2012, 09:41 AM) u can try to browse goldabout.blogspot Thanks... should put this in the 1st post as reference : http://goldabout.blogspot.com/p/malaysia-b...gold-price.html |
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ronnie
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Feb 4 2012, 01:11 AM
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Gold investment... if you wait longer the price goes up... still buy it as it will always go up in the long term
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ronnie
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Feb 4 2012, 12:40 PM
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QUOTE(pubmut @ Feb 4 2012, 10:12 AM) Ronnie
I have some questions:
1. Please define long term.
2. Please qualify your statement with statistics.
General terms like these only serve to mislead and propagate conventional thinking.
Regards
PM. The above statement is my point of view..... why so serious about it ? Long term is subjective to each individual. If I say longterm is 12-month, would you agree ? If I say longterm is 60-month, would you agree ? |
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ronnie
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Feb 7 2012, 03:10 AM
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QUOTE(goodiefish @ Feb 6 2012, 02:07 PM) I blur blurly bought pamp swiss at the price of RM1852/10 gram on 18 Jan 12 without any knowledge of gold whats so ever coz a friend has been persuading for a long time. the market price at that time was RM1656.8. So when can i sell it with a bit of profit, say 50 bucks  If i am to sell, the price would have to be minus 13% by his company Do you have the physical gold bar in your hands at all ? Possible another Genneva scheme |
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ronnie
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Feb 7 2012, 11:18 PM
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QUOTE(goodiefish @ Feb 7 2012, 01:10 PM) No, the gold bar with me. I don't think he will cheat, he's a good friend. What i want to know is when can i sell it with a profit minus the 15%. I bought when the gold price is at 1656.8. Today i see is roughly 1720. By my rough calculation (don't really know how to calculate actually  ) i can have a bit of profit if i sell above 1900? Do you have to sell back to your friend's company only ? |
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ronnie
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Feb 9 2012, 04:26 PM
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Do we need to open a UOB Savings Account before we can open Gold Savings Account with UOB ?
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ronnie
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Feb 10 2012, 07:08 PM
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In today's The Star Metro has an article about Genneva new HQ... I thought SC already consider them a scam. Selling gold at RM215 per gramme.
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ronnie
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Feb 11 2012, 11:46 AM
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QUOTE(naughtyz @ Feb 11 2012, 05:04 AM) Anyone buy PAMP from Pageantry Gold, Heard they offer 2.5% every month for 6 months, i found that Bank Rakyat no longer accept 99.9% gold, does anyone know any Ar-rahnu take this 99.9%? Is Pageantry Gold another version of Genneva since offering 2.5% per month ? |
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ronnie
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Feb 17 2012, 11:38 PM
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QUOTE(tiramisu83 @ Feb 17 2012, 05:33 PM) If buy physical gold from banks, i think UOB offer the best spread price. 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? Buy from DeGem can use Credit Card.... |
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