It is like this
https://m.facebook.com/notes/say-no-to-mlm/...556163524452132

Can't help thinking that it is goingto be like genneva

Agree with it.

These days many of get rich scheme/investment scheme using viral spread marketing/MLM to reach medium and lower income group people.

We just need to be caution and don't be greedy.

Gold steady near 4-month high
http://www.thestar.com.my/Business/Busines...r-4-month-high/

however, still unknown for the price, especially those came into the game when it hike up to 170 per gram one yr plus ago.

Gold slides from 3-1/2 month high as stocks climb

Gold prices slid more than 1 percent on Monday as a rally in stock markets prompted investors to cash in gains after last week's rise to 3-1/2 month highs and as concerns over the euro zone periphery faded.

"There has been some profit-taking this morning," Andrey Kryuchenkov, an analyst at VTB Capital, said. "The market overshot to the upside after the Fed minutes last week, the dollar generally held well and we are still not seeing substantial physical flows."

Investors were also eyeing physical buying in Asia, which has been subdued due to the recent price gains.

"There isn't much demand from India, China or anywhere in Southeast Asia for the last few weeks," a dealer in Singapore said. "Unless prices drop sharply in a short period of time, I don't think we can expect any price support from the physical markets."

"The Indian budget didn't mention anything about gold," Natixis analyst Bernard Dahdah said. "There was a lot of anticipation (that it would loosen) duties and the 80:20 ratio of imports to exports. If it had done that, it would have lifted the price of gold, but this didn't happen. There's a bit of disappointment over that."

my family and I have been in this gold and jewelry business many years. our margin only 8% to 20% per item. this not include after deducting the rent, security and workers.

they promise you something that fix every month more than 20% is something tooooo gooood toooo be true.


yes many people have joint them and yes company as famous as geneva also can be close down.

Factory <--> Agent <--> Shop

More gram you bought, more gram you get from factory.

That's how agent make money, and share the profit. Of course, need buyer too.

Many skills can be used to trade in physical gold.

It seems the gold price no change much

Maybank Gold Investment Account
DATE SELLING (RM/g) BUYING (RM/g)
16-Jul-14 136.13 130.42

Today's gold price update!

RAYA PROMOTION - EVERY MONDAY 1% discount for purchases below 1kg, 2% discount for purchases above 1kg!
Valid till 30 Sept 2014


PAMP SUISSE GOLD BAR

As at 16/07/2014 at 9.15am

Weight
Bank Buy (RM/pc)
Bank Sell (RM/pc)

10g
1,290.47
1,476.30

20g
2,580.93
2,903.25

50g
6,452.33
7,156.80

100g
12,904.65
14,236.95

500g
64,523.25
70,687.05

1000g
129,046.50
140,648.64

Gold below $1,300 on stronger dollar, interest rate fears

Gold steadied below $1,300 an ounce after two days of losses on Wednesday, still trading near a four-week low on a stronger dollar and fears the Federal Reserve could hike U.S. interest rates sooner than expected.

"Yellen's remarks this week are triggering an upward adjustment in expectations for the future path of Fed rate hikes, a higher U.S. dollar, constructive investor sentiment and lower gold prices," ABN Amro analyst Georgette Beoele said.

"At best, we'll see prices consolidating at these levels but if more good economic data comes in or the market gets more nervous about expectations for higher interest rates, we'll see further downside."

"Despite Yellen defending the Fed's stance to maintain loose monetary policies, the bullion markets seemed to interpret her comments for the possibility of an earlier than an anticipated rate hike as gold-bearish," HSBC analysts said in a note.

"With the break below $1,300/oz and technical weakness, further losses for gold are likely."

Traders said gold could have further to fall, especially as this week's $40 drop has failed to generate a robust pickup in physical demand in Asia.

"I don't see any new positions created at this level or any fresh buying in the physical markets," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

"Prices will see some range-trading now and could consolidate at $1,280-90."

Which bank? Physical gold or paper gold?

Gold dipping but downed plane seen aiding sentiment
http://www.thestar.com.my/Business/Busines...ding-sentiment/

Gold rises on Gaza, Ukraine turmoil
http://www.investing.com/news/commodities-...-turmoil-296441

Is it good time to buy gold now?

This post has been edited by peja5081: Jul 29 2014, 11:41 PM

The price is no that low now to buy. U need to buy at RM135.69 per gram via maybank now

Maybank Gold Investment Account
DATE SELLING (RM/g) BUYING (RM/g)
30-Jul-14 135.69 130.08

This is my personal opinion...but I feel it is better to buy real gold rather than digital gold.

If you read the fine print, the banks reserve the right to pay you in cash instead of the actual metal. Honestly speaking, why would I buy gold and not see it?

However if you are buying for investment purposes, then you will not want to deal in actual coins and bars. BUT if you want to do investment, gold is not really a good vehicle. Unless you are prepared to keep it for many years.

This post has been edited by roscha: Jul 30 2014, 11:01 AM

Today's gold price update

PAMP SUISSE GOLD BAR

As at 31/07/2014 at 9.15am

Weight
Bank Buy (RM/pc)
Bank Sell (RM/pc)

10g
1,284.53
1,469.48

20g
2,569.05
2,889.60

50g
6,422.63
7,122.68

100g
12,845.25
14,168.70

500g
64,226.25
70,345.80

1000g
128,452.50
139,969.39