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 Gold Investment Corner V7, all about gold

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hey_there
post Sep 19 2013, 12:59 PM

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QUOTE(ck23 @ Sep 19 2013, 12:56 PM)
I mean jewellery. 916 jewellery. I bought a men ring.

Can sell to him anytime. Follow supplier rate. Rate of melting. Slightly different though.

So now I will focus on jewellery. Haha...

Bear in mind, do not buy jewellery that contains stone. It has no value for stone. Just for decoration only. Stones are those fake diamonds.
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but isnt jewellery more expensive for their craftmanship? how come u never thought if gold coins or bars?
hey_there
post Sep 20 2013, 11:39 AM

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Gold price was stagnant between 1360 - 1368 since yesterday. This is boring

This post has been edited by hey_there: Sep 20 2013, 11:40 AM
hey_there
post Sep 20 2013, 02:50 PM

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QUOTE(davinz18 @ Sep 20 2013, 02:15 PM)
The price chart looks "flat" only. Will the price go up again or dropped? Only time can tell  smile.gif
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yea larr.. guess we will only be seeing some movements next week. i think it'll be flat/stagnant like this for the rest of the day.
hey_there
post Sep 21 2013, 12:07 AM

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It's moving down to 1338/oz d.
hey_there
post Sep 21 2013, 12:08 AM

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QUOTE(kazama82 @ Sep 20 2013, 11:53 PM)
Technical selling
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What is technical selling?
hey_there
post Sep 21 2013, 12:10 AM

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QUOTE(kazama82 @ Sep 20 2013, 11:54 PM)
Purely physical gold. Not a fan of paper gold.. Its your choice .
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Do u buy bars or coins?
hey_there
post Sep 22 2013, 12:16 PM

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QUOTE(wil-i-am @ Sep 22 2013, 11:53 AM)
Intend to invest gold via Maybank passbook
Right time to enter now?
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Rm141/g now, I don't think this is expensive to buy. But just observe the trend for next week and see.
hey_there
post Sep 23 2013, 10:07 AM

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QUOTE(wen9x88 @ Sep 23 2013, 09:59 AM)
sorry if i ask this question at wrong place

is that good if i invest gold with maybank ?
i remember maybank not allow sell all the gold,must left some in the account.
correct me if i am wrong.
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Yes. U need to have min 1g left in the account.
hey_there
post Sep 23 2013, 10:18 AM

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I remember last week maybank GIA selling rm138.45/g for 1298/oz. today, rm137.49/g for 1328/oz. higher USD/oz but lower RM/g. US dollar must be doing very badly
hey_there
post Sep 23 2013, 10:34 AM

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QUOTE(AVFAN @ Sep 23 2013, 10:22 AM)
today? no la... usd strengthened against rm, now at 3.18.

rm price dropped because gold price usd going lower today, heading for 1300.
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Then how can this be?
1298/oz = rm138.45/g
1328/oz = rm137.49/g


hey_there
post Sep 23 2013, 11:34 AM

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QUOTE(AVFAN @ Sep 23 2013, 10:41 AM)
when did 1298/oz happen? not yesterday or day before...
at that price a week ago, before fed talk, rm was very weak.
then recovered after fed talk, now weakening again - against usd.

or u misread buy-sell prices?
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I remembered it was a day before the announcement from FOMC. I didn't mis-read it as I bought a few grams at that price.
hey_there
post Sep 23 2013, 06:07 PM

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in the morning, mgia was 1328/oz = 137.xx/g. at 3pm mgia updated to 1328/oz = 138.xx/g. must be the currency
hey_there
post Sep 23 2013, 06:08 PM

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QUOTE(davinz18 @ Sep 23 2013, 06:06 PM)
Now USD 1319/oz  rclxms.gif
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buying?
hey_there
post Sep 23 2013, 10:58 PM

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QUOTE(lamode @ Sep 23 2013, 09:38 PM)
waiting cuz it seems like can go down some more  notworthy.gif

price now  1320.
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I have the same feeling too
hey_there
post Sep 23 2013, 11:44 PM

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QUOTE(davinz18 @ Sep 23 2013, 11:24 PM)
Slowly increasing.  Now USD1326/oz
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It moved within that range the whole day
hey_there
post Sep 24 2013, 07:59 AM

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QUOTE(kazama82 @ Sep 24 2013, 07:31 AM)
Gold prices extended Friday's losses into Monday as investors continued to avoid the precious metal after a key Federal Reserve official said that monetary authorities may consider tapering stimulus programs in October
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Any news could affect gold price right now. Some news in Syria could turn the price the other way round.
hey_there
post Sep 24 2013, 04:54 PM

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QUOTE(davinz18 @ Sep 24 2013, 04:37 PM)
Gold deposit of 250,000-ton discovered in Fujian: report

A gold deposit with a reserve of 250,000 tons has been found in Dehua county, Fujian province, Fujian Daily reported.

According to the exploration result, the deposit is more than 100m in length and of an average thickness of more than 3m. In total, the reserves are estimated at almost 10 million metric tons of gold ore and more than 250,000 tons of gold.

Exploration is still being carried out on the north of the deposit. Experts said it is possible the find will be a super-large gold deposit.

An official in charge said the find of the porphyry gold deposit has a guiding significance for finding more Mesozoic volcanic rock-hosting gold deposits.

More supply for the global market  rclxms.gif
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more supply and less demand for physical from china and india = lower in price.
hey_there
post Sep 24 2013, 04:58 PM

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QUOTE(ericgapz @ Sep 24 2013, 04:56 PM)
Hi guys, newbie here. I need some advice what are the alternatives in investing Gold? Thanks much!
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physical and paper gold
hey_there
post Sep 24 2013, 07:08 PM

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QUOTE(ericgapz @ Sep 24 2013, 05:17 PM)
What are the means of channel? Whats your prefer way of investing it? Thanks
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Depends on ur capital. Physical is the best but it's rm4k++ per ounce. I myself invested in bank's GIA. Coz I don't have a lot of capital to start with and I prefer to buy/sell with a click of a button.
hey_there
post Sep 25 2013, 10:33 AM

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Jewellery gold are much more expensive. U pay more for their craftsmanship which don't worth anything when u sell.

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