Gold futures contracts on Bursa Malaysia Derivatives were lower at lunch break today on lack of demand for the precious metal.

Spot month March 2014 lost 15 ticks to end at RM136.40 a gramme, April 2014 shed 14 ticks to RM136.70 a gramme, May 2014 decreased 13 ticks to RM137.05 a gramme and June 2014 dropped 17 ticks to close at RM137.20 a gramme.

Volume stood at 86 lots while open interest amounted to 925 contracts. -- BERNAMA

Good decision! But i miss mine..

gold should always be a long term investment. Stay calm bro, the opportunity will come

Long term means under water. Why not put money elsewhere which is more productive?

Dear all, need advice, recently,
i have invested in
Pegasus Bullion's PMB (precious metal bank) program,
Pegasus Bullion is a sister company of Pegasus Invest, who got the distributor rights to distribute ICBC (industrial and commerce Bank of China) gold.
Payout is by dividends via tax arbitrage between Hong Kong and China.
Dividends are then paid out to investors (me) monthly.

So far, I have been getting my dividends punctually x 4 months.

What do you guys (all the sifu sifu sekalian ) think about it?
As i plan to ask my brothers to invest as well

my paper gold stuck in bank for 1 year and the return i got is only 7.7% nett. Not so good. I better invest back to property market. Long term? do you noticed the gold price is violating again? fall below usd1300 is painful to deal with. Dont forget the RM currency getting weaker affecting our gold investment as well. Last year before GE is rm2.98 and now hit to RM3.28.

But nevertheless, i still buy low sell high. Lesson learn, wont go back with maybank gold investment due to high spread. Next time i will go with UOB papaer gold. Easier to exit compare maybank, pbe, and cimb.

I think buying physical gold is still the best. U will have more choice to whom u sell it to.

Hi guys,
just wonder where is the best place to buy physical gold. banks?
Currently I bought some from poh kong but the spread is high and only tradable within poh kong.
Thanks!

Gold futures contracts opened mixed Monday on lack of demand for the precious metal.

At 9.30am, March 2014 was down one tick or half-a-sen to RM136 a gramme, while April 2014 gained two ticks or one sen to RM136.40 a gramme.

Turnover amounted to 41 lots while open interest totalled 750 contracts.

Physical gold was 35 sen lower at RM131.63 a gramme.-- Bernama

Gold near 6-week low; headed for first monthly decline this year

Gold was trading near a six-week low on Monday, and was headed for its first monthly decline this year on growing optimism about the U.S. economy and weak physical demand in Asia.

"Prices will go down further since those factors supporting gold in the first quarter are weakening now, such as geopolitical issues, and the emerging markets crisis," said Chen Min, a precious metals analyst at Jinrui Futures in Shenzhen.

Physical demand in Asia could pick up if prices fall to $1,180-$1,200, Chen said.

Physical demand in top bullion buyer Asia has been quiet due to the recent volatility in gold prices, which have edged lower for two straight weeks.

Only Japan has seen some pick-up in demand as consumers brought forward their purchases ahead of a sales tax hike from April 1.

Dear all, need advice, recently,
i have invested in
Pegasus Bullion's PMB (precious metal bank) program,
Pegasus Bullion is a sister company of Pegasus Invest, who got the distributor rights to distribute ICBC (industrial and commerce Bank of China) gold.
Payout is by dividends via tax arbitrage between Hong Kong and China.
Dividends are then paid out to investors (me) monthly.

So far, I have been getting my dividends punctually x 4 months.

What do you guys (all the sifu sifu sekalian ) think about it?
As i plan to ask my brothers to invest as well

Want to have some advice, do you think now is the time enter market or wait lower?

Gold was little changed yesterday, trading close to a six-week low and headed for its first monthly decline this year as growing optimism about the United States economy eroded investment interest and encouraged appetite for riskier assets.

Spot gold was up 0.1 per cent at US$1,294.65(US$1.00 = RM3.27) by 1207GMT, having touched US$1,285.34 on Friday. Meanwhile, US gold rose US$1.40 to US$1,295.20.

Among other precious metals, platinum advanced one per cent to US$1,417.64 an ounce and palladium gained 0.8 per cent to US$775.75 an ounce, while silver appreciated 0.8 per cent to US$19.93 an ounce. Reuters

need advise, gold will going low or what? because when i bought in already around 129.00. so planning to sell off now and rebuy again when it going low

Maybank buy back price is rm131.59. So if u sell now, u r earning rm2.59/gram. If I were u, I will keep a bit longer. Sell it at higher price and stay away from paper gold. Instead, buy physical. It was rm140/gram 2 weeks ago and if u sell at that time, U could've earn more then.. Anyway, this is just my2cent. Follow ur own strategy.

ya i was plan to sell around 138/137, too bad i missed out.

so u advise to keep it longer? because i just worry it will drop until 120 or 110 which cost me rugi more.

U should be happy if it drop till 120/110. Buy as many as u can afford. Lower down ur average and sell at 13x/gram. But I don't think it will go down to 120/110 la. Most is 12x/gram. U r lucky that ur cost is 129/g. My average is 145/g, so I'll be very happy if it really goes down to 120/110. I'm going all in to reduce my average price. I'm now waiting to sell off everything and buy physical instead.

says UOB offering the best spread so far in the market.

Paper gold


The spread is 2.4% but not protected by PIDM

Physical gold


The spread for 1 gram bullion is 39.0%
but
the spread for 100 gram bullion is 2.385%

Paper gold no need to worry storing and security for purchased. But 1 thing i dont understand is why the spread for 1 gram and 100 gram is that big

For this scenario, i might go with UOB bullion when gold price hit RM 130/gram

Gold futures contracts opened lower today on lack of buying momentum.

At 9.40am, April 2014 was down 35 ticks to RM134.30 a gramme, while May 2014 lost 30 ticks to RM134.85 a gramme.

Turnover amounted to 61 lots while open interest totalled 627 contracts.

At 9.30am, physical gold was RM1.37 lower at RM129.84 a gramme.-- Bernama

My average is 145/g, so I'll be very happy if it really goes down to 120/110.

why u will be happy if like that? mean u lost around rm20/30 per gram right?