Would like to see how gold will continue to go down when gold mines start closing down.

0. I made a lot from stocks. But I see a very,very good opportunity in gold and silver and that is why I am accumulating now.

I am prepared to put a lot in it.

This post has been edited by sylar111: Feb 10 2014, 11:01 PM

What's buy PM?

There are pros/cons of investing in gold, I found when googling.
http://www.moneysmart.sg/investments/inves...worth-the-cost/

When we decide to sell, sell to whom ( if it's not from bank) ?

Is it possible to go thru customs with gold bars in our pockets / luggage?

if you buy from dealer, you try to sell to that dealer. Otherwise you can try to sell at the forum.

please dun bring your gold bars to malaysia. you are going to get robbed.

Please research more. Otherwise you do not need to take my advise.

PM = precious metals.

Thanks for your replies. More cons than I expect....
Anyway, I found which bank to buy from! ha!

Your investment decision you make it yourself.

Of course this investment is not as "good" as stocks and properties because it does not give dividends but then have you ever wondered why people are willing to pay storage fees for them?

And I wouldn't buy from Malaysia because the price is not competitive.

Still researching.....
Hmmm, why huh, ppl r willing 2 pay storage fees 4 them? becos they r too heavy n not safe 2 keep @ home?
Buy from Singapore cheaper? Same quality?

1 Kg of gold is around 50+k SGD
Your silver stack is probably 20k.

Are you sure you want to keep those at your house?

Of course. I have already done my research.

And sgd1m how many kgs? How to carry them with u in d event u wanna lari 2 other countries? How to go pass customs?

How do u transport sgd1 million physical units of gold 2 yr clients?

Where u keep yr stocks?

what do you mean the price is not competitive enough?
1 kg = 50k+SGD that seems like a real bargain.

but underage like me, what should I do?

should I just buy from goldsmiths in Malaysia malls?

I intend to buy 5g only since I'm using my pocket money

Public Gold hold seminar
http://www.theedgemalaysia.com/business-ne...on-march-1.html

Gold price up back now RM139/137 for UOB.

Xtend gains to near 3 mths high
http://www.theedgemalaysia.com/business-ne...-testimony.html

buy more....?

martingalehttp://blog.silvermalaysia.net/?p=394


What if someone follow your advise, and gold price remain like this for 1 year. and they missed out on something else. Are you going to be responsible for this?


In numis, you must know what to buy and sell and not blindly follow. Back in 2011, RM1 AA UNC is just $3 a piece, it went up to $9-$10 a piece now. Every coin issue in Bank negara, the queue is very long.

I think some numis may peak in a year or now. Other numis may peak few years down the road.

It's seems that for U numis is to buy high price coin with no prospect in future. However, there are 5 new coin shops in times Square opened since 2013. Perhaps. the reason is since PM prices goes down, property prices peak or peaking and stocks is pretty unstable, the $ goes to numis item.


generally, there can be some disagreement here and there, however if it's prelong it can be personal and ugly. I stop herelah. Anyway, thanks.

This post has been edited by GoldChan: Feb 11 2014, 02:59 PM

Well, as I said you can ignore my advise. The reason why I would never advocate cost averaging because the concept is pathetic. You try and buy at the right price. You do not just buy even though the price is high.

accordingly to Kitco is approximately 15% of your net-worth.

Though it's easy to answer. then when I go through the numbers! it a bit tough.

My comment.
For those in 40s- 50s, approximate net worth is about RM500K. Most of it goes to "1-2" houses their own.
Around 100K for gold and silver will do lah for average minimum.

if you have a flexi loan, then during low gold prices, you may 1 2 change the cash and pay bank interest in exchange for physical gold. Housing loan interest is quite low if you compare to the capital gain in gold if you brought it at the right time.

in case U need cash, just sell of some of your gold back to UOB.

Case 1: If you think property is of little value when peak oil comes, then you should keep 2 properties (shared own oso can if human or relative relationship is bearable.). One in rural area and one near to your work place. Land may be too expensive to be owned for many. As there are not many 1/2 acre or 1 acre land for sales. Most of them very big 10 acres and land division is long and not transparent.
Then you can afford to spend a bit more $ in gold and silver.


Case 2: U think property is very valuable in the future. Then you cannot afford to spend lot of $ in gold.

From 2008 - 2011, case 1 won.
From 2011 - 2013. case 2 won.

For 2014-2016? U decide.

I seen lot of smart people in this trade, unfortunately many of them also made mistake in picking up the right timing. The whole market is rigged. whether it's stock, commodity etc... Often there will be some traders who boasted how well their trades went but all the failed trades are not disclosed.

When you are still learning, don;t be greedy, just trade/buy a bit at one time.

matrix "This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland, and I show you how deep the rabbit hole goes. Remember, all I'm offering is the truth – nothing more."

What if U miss the big time opportunities? Well opportunity comes and goes. There will be some other chances.

What if U screw up big time? Will U be able to recovered?
"This one open for discussion".





This post has been edited by GoldChan: Feb 11 2014, 03:38 PM

The physical price of gold as at 5pm, stood at RM133.10 per gramme, up 66 sen from RM132.44 at 5pm yesterday - Bernama

Anyone knows how I can invest in silver or gold using EPF?