Mu haha..

So funny, many people try to give reasons why Gold rally.

Someone says.. it's India upcoming festivals or wedding.

Someone says it's Non-farm payroll

If Gold continues up tomorrow, someone will say it's China buying again. 

Because the big boys are buying .. that's why.
I saw their move yesterday in the futures market, that's why I jumped in. 

i should sell away last 2 months when reach 1430, can redeem a Samsung Note 3.

gold price like no diff from 2 mths ago

ok what...up sell, down..buy again..easy profit....this year alone can earn more than 10% easily..

Mate,

up/down a lot is good for fast play. .

eg: 100g.

Buy: RM128/g = RM12800
Sell@TP: RM130 = RM13000

Total profit: RM200

Wait till gold down again to 128/g. Buy again. Then repeat the above. .

But bear in mind, paper gold has spread about 7% (based on maybank). the above calculation is just an example. .

Yup. I hate about paper gold/silver is you need at least 7% up to break-even! but based on silver, if we went in at USD18.90 and out at USD23, it is 21.68% gain! minus 7% spread, we are making close to 15% profit for duration about 2 months! that is a very good profit indeed. We are waiting for a year for 3.55% FD. .

If I know the price movement for sure, I not only making millions but billions. .

Mate, blindly buy and buy based on own research/reading, etc are different. What I meant was every trader should has their TP (target price) to jump in and jump out. Based on current situation, my own instinct says that USD1250 is my TP buy while USD1350 is my TP sell for short play. How true my instinct is, we never now until we face it (which we did not long time ago).

Buying based on research, technical analysis is always better than blindly buy. At least, you know your target and remember, don't put all the bullets in one basket. .

Thats why buy gold with low spread.. Not low price.. If the price is low, doesn't meant it have low spread.

I only invest in physical, not paper gold

Lucky you! .. I still have some bought at spot 1800++!!!     

Both.. Dont need big capital la..invest within you budget.. Dont go all out..

Invest within budget. If you have RM1k in bank, perhaps you may use 3-4 hundreds for silver/gold. If you have 1m in bank, perhaps you may use 3-4k hundreds for silver/gold.

It is not if you have 1k in bank, you borrow from friends/bank/parents/etc to get 2k worth of pm. .

The best way to invest is use 'unused' money. 'unused' means you do not need this money in short of time or emergency. .

Thanks.

Yup but it is still a pain in ass looking at the price! haha.

Im noob in gold investment. Wouldn't physical gold spread is bigger than paper gold? I always thought for investment, paper gold is better as you dont lose much due to low spread.

Any physical gold seller that is recommended to buy? Ive been to UOB and MBB in Penang to buy their bold bullion but so far no luck. Always no stock one?

About the CIMB Gold Investment Acc, they stated we can exchange our paper gold into physical gold with additional charges RM1 per gram.

If bought 10gram gold with my account, then I just need to pay RM10 right?

Is there any hidden clause or charges?

Hi guys, I'm kinda interested in gold/silver investment, can anyone give me some advice.

1) Buying from Banks. with the 'golden passbooks' n stuffs, however how 'safe' is it? Being a business, and I read that it's not insured by PIDM, so if the bank goes BANKrupt, I'll lose all invested? Will the banks do fractional reserves on the gold accounts too? Kinda beat the point of buying gold for safety, if the banks play fractional reserves with it too?
---Pro -- it's convenient, and don't have to worry abt point 2, 3 mainly

what u r mentioning here is the cons of paper gold. And there is spread too.

2) I see that some/most gold/silver investors are buying physical.. ok, this will prevent our gold/silver being manipulated by the banks, and literally put the money in our hands, which is good. however, the risk is, how to insure that if your house got robbed, wont insuring your house itself bring more attention to it? Or what ways to protect it? I mean, literally hoarding gold in your house can be a frightening thing if lets say you got hit, and  the thiefs basically run away with a large chunk of your savings.

again! this is the cons of physical silver/gold. All of us are facing the same problem. Storing problem. U can choose to keep them in bank's safe storage but again, it won't guarantee it'll be safe.

3) In terms of buying physical, there's also an additional risk of how to avoid getting conned.. so, how do you guys know it's the 'real thing' and it's not gold outside and metal or stuffs inside? there're certificates n stuffs, but how to verify if that cert is true? Or if the cert is true but the gold is fake, for example..

in order to minimise the risk of being conned, u can buy from trusted mint like Pamp Suisse or from trusted dealer. Bear in mind this can only minimise the risk. It won't guarantee anything.

Mmmm... can anyone help me out? Thank you so much!

I did some googling, and there's a few website that's selling gold and silver coins/bars... now, how does it work, buying from them? I've been buying lots of things online, n havent got cheated so far, but buying gold and silver online, that's like a totally different league, and whole new ball game...

Thanks again! Much to learn from everyone here, on my way to portfolio diversification.. I'm mostly stocks guy, but would like to split some to gold/silver now...

Tomorrow we will see some major movement..