Outline ·
[ Standard ] ·
Linear+
Gold investment corner v4, Will gold price achieve USD2000 by 2012?
|
whyee
|
 May 17 2012, 10:40 AM
|
Getting Started
|
QUOTE(WintersuN @ May 17 2012, 08:56 AM) Any industry news dat gold will keep dropping?
Added on May 17, 2012, 8:57 am157.93 for maybank now. Still the same as few days ago the gold price, not only depends on the USD/gold/oz. the exchange rate of the usd/rm also very important. take consideration of both factors. now, usd/rm is at 3.11+/-. even if gold go up to 1750us/oz but usd/rm 3.00, also no gain. (not much difference)
Added on May 17, 2012, 10:42 ambut if both gold up to 1750us and rm 3.2 and above, then the paper gold investment, only one word to describe. best. This post has been edited by whyee: May 17 2012, 10:42 AM |
|
|
|
|
|
whyee
|
May 17 2012, 10:51 AM
|
Getting Started
|
QUOTE(WintersuN @ May 17 2012, 10:43 AM) UOB also not very convenient for me but the low spread is good.. Imagine can only make little profit from gold investment every cent counts.. Maybank spread too high cant really make profit Im still waiting for it to go down more  since not enuff cash for UOB gold invest put it this way, you said 'since not enough cash for uob gold invest'. is the hassle of going to a bank branch good for you? petrol, time, etc?? buying anything lesser than 50gm, even after positive gain minus all the effort, is it worth while. Just saying. |
|
|
|
|
|
whyee
|
May 17 2012, 10:53 AM
|
Getting Started
|
sometimes, better to buy online, even if the spread is higher.
This post has been edited by whyee: May 17 2012, 10:54 AM
|
|
|
|
|
|
whyee
|
May 17 2012, 11:12 AM
|
Getting Started
|
QUOTE(TruthHurts @ May 17 2012, 11:10 AM)  So meaning they could buy gold again just to secure their investment. this truth doesnt hurt |
|
|
|
|
|
whyee
|
May 17 2012, 01:06 PM
|
Getting Started
|
QUOTE(j.passing.by @ May 17 2012, 12:05 PM) right on... gold is hedge against currency... should check constantly on Bank Negara's Kijang emas instead of solely USD/oz. the drop in ringgit has cause local bank's price slightly higher than the increase in USD gold price today. the question is, how do you see the rm, in the coming years perform against the us dollar. Up or down. have to consider us debt. |
|
|
|
|
|
whyee
|
May 18 2012, 04:45 PM
|
Getting Started
|
QUOTE(bux @ May 18 2012, 04:13 PM) USD1588.6/oz | RM159.96/g | UOB-RM161/g sudden sharp up up not up to date actually. when uob quote that price, it was at USD1575/oz This post has been edited by whyee: May 18 2012, 04:46 PM |
|
|
|
|
|
whyee
|
May 18 2012, 06:34 PM
|
Getting Started
|
QUOTE(n305er @ May 18 2012, 06:16 PM) Nope. Sudden shot up, that's why holding back now. change to monthly fd. anytime when decide to buy, can use. |
|
|
|
|
|
whyee
|
May 19 2012, 09:04 AM
|
Getting Started
|
QUOTE(Dackson @ May 19 2012, 12:39 AM) last few day, 153.8 around 150 ald ~ is that price buying or selling.... |
|
|
|
|
|
whyee
|
May 19 2012, 10:55 AM
|
Getting Started
|
QUOTE(ronnie @ May 19 2012, 09:54 AM) it drop 3 weeks back.... too bad back to normal range now. actually not too bad, those who went to uob tuesday and wednesday, already started making money. 2.5% at least.
Added on May 19, 2012, 10:56 amimmediately transfer money at the counter.
Added on May 19, 2012, 10:59 ami was always checking on uob price, lowest i've seen was 155.9 on wed. maybe i've missed. This post has been edited by whyee: May 19 2012, 11:00 AM |
|
|
|
|
|
whyee
|
May 19 2012, 11:25 AM
|
Getting Started
|
QUOTE(WintersuN @ May 19 2012, 11:19 AM) I mean around la not necceseary need 150. COs last few days around that figure but i no money invest... and now going up  now go up again.. it is like riding a wave, up and down. check the price for the last 60 days. my guess til 1670+/-, then ......... til then, for those who are scared, just cash out.
Added on May 19, 2012, 11:33 amdisclaimer, just own opinion. This post has been edited by whyee: May 19 2012, 11:33 AM |
|
|
|
|
|
whyee
|
May 19 2012, 04:13 PM
|
Getting Started
|
1 ounce = 28.3495231 grams
simple reference 10usd/oz almost equivalent to 1rm.
lets say 1600usd/oz to 160rm
check price, at goldprice.org
This post has been edited by whyee: May 19 2012, 04:13 PM
|
|
|
|
|
|
whyee
|
May 26 2012, 07:24 AM
|
Getting Started
|
QUOTE(EddyLB @ May 26 2012, 06:43 AM) This thread became a funny thread after happy4ever (and maybe driedice) joined in the discussion. Please guys (maybe a girl) when you do not intend to share the specific, you really do not need to boost. Without the specific, keep the boosting to yourself. Otherwise, you are making yourself looking like a joker only Ya ya ya, some banks let me use their private plane to fly to anywhere in the world. I have a gold account with them. I got to meet with paris hilton and maria sharapova because they are their customers too. Which bank? You go find out yourself lah. Got no 100kg of gold? Then why should i lower myself to your level to tell you which bank? You cant afford anyway  there is one next to changi airport, for the rich to walk in to see/check their gold, when want to export also no need go through airport checks. regarding those upper quotes about simply walking in to banks to look at their gold, i guess she meant converting their gold, 'then can see lor'. |
|
|
|
|
|
whyee
|
May 27 2012, 11:02 AM
|
Getting Started
|
QUOTE(potenza10 @ May 26 2012, 07:11 PM) This is one more funny fact. Who are willing to buy gold much more than market value? Except for collectable items, anyone will refer to current market value. Dont say u can find a buyer that willing to buy 1oz pamp with 500 more expensive than market price...  And to add, even if its a collectable item, it has to come with a certificate, without it, NOT to mention selling for market price, it would also come with a 20% discount off market price. |
|
|
|
|
|
whyee
|
Jun 4 2012, 04:51 PM
|
Getting Started
|
QUOTE(Violet Ling @ Jun 4 2012, 03:57 PM) thanks for that..appreciate so maybank price(WE SELL) follow the link above?? not maybank2u.com? use that link as a reference only. price is always subject to the quoted prices of your respective banks. Banks update every morning and afternoon, and never update regularly. Sometimes prices change very fast. I tried this many times when i bought at the banks, the price should have been raised internationally, but since they never update, i considered untung a bit marginally. And vice versa. Or when international price drop, i quickly sell off before they revise/update their price. |
|
|
|
|
|
whyee
|
Jun 4 2012, 06:19 PM
|
Getting Started
|
QUOTE(Violet Ling @ Jun 4 2012, 06:00 PM) thanks whyee  refering to the above bold line, normally wat time you sell(before they revise their price? can we use this trick when we buy as well(eg: we know international price up, we quickly buy before they(maybank) update their price? will it work? maybank normally around 845am and 4pm.
Added on June 4, 2012, 6:20 pmit works, done that 3 times already This post has been edited by whyee: Jun 4 2012, 06:20 PM |
|
|
|
|
|
whyee
|
Jun 4 2012, 10:35 PM
|
Getting Started
|
QUOTE(Violet Ling @ Jun 4 2012, 10:15 PM) really? eg: last friday, the price suddenly UP 50++, if we buy before maybank update their price(WE SELL), then we all sure gain? am i right? then we no need to wait when is the right time to enter/top up??? yes, that is if on fri, you still got to buy around 164+- even after it shot up at night. today, its 170. i dont use their online system, and not investing with them because of the big marginal buying selling spread. |
|
|
|
|
|
whyee
|
Jun 5 2012, 09:28 AM
|
Getting Started
|
put it this way, paper gold for short term, mid term investment.
physical gold for long term.
And one important thing is when buying physical gold coins/bars etc, get it from the lowest selling bank. and when selling off, doesnt mean, must sell back at where you first bought. sell it at the highest offering bank.
do all the homework first before investing.
buy by the oz. the lesser the weight, the price is higher.
|
|
|
|
|
|
whyee
|
Jun 5 2012, 02:53 PM
|
Getting Started
|
physical gold has a higher buying selling difference price, if used for short term investment, rugi a bit. of course investment, go for instituitions offering better benefits.
physical gold can keep. regardless of which bank go bust, also can be sold else where.
This post has been edited by whyee: Jun 5 2012, 02:56 PM
|
|
|
|
|
Quote
0.0474sec
0.55
7 queries
GZIP Disabled