http://goldprice.org/gold-price-malaysia.html

if you look, it was 150 before dropped to 147.

Maybank always very slow when reducing the price

This post has been edited by davinz18: Aug 30 2013, 06:13 PM

Yea, and I bought mine at 1417/oz but in fact, it dropped to 1408/oz. I paid rm153.88/g. Grrrr...

Keep Physical gold ( If u got EXTRA $$$ @ Long term )
Paper gold just for saving ( If u got $$$ n go for it BUT min 100G )
Sell off paper gold IF GOT PROFIT ( RM 100 so on )
U will happy with THE GOLD ALWAYS

Banks fixed the price. We can't do anything

This post has been edited by davinz18: Aug 31 2013, 03:00 PM

Yea, I die die won't sell below what I bought. Even if I have to eat magie everyday. Letting them earn loan interest is enough d. Can't lose in investment...

Gold investment depends on market condition. Sometimes we profit, sometimes we lose. One thing I can say is don't "put all eggs in one basket", just don't put all your money in GIA. Try to diversify your investment.
If you read those previous post by the sifu here, gold don't pay interest

Happy investing

just gone through the previous versions of the thread but haven't really gotten the answer. for example, if i'm going to buy gold coins, what difference does it make if i buy canadian maple or malaysian kijang? is it like canadian maple is more popular thus can be sold 'easily'?

sorry if it's a silly question. a newbie and still learning. thanks

Yea. I just started investing. So GIA is the least risk for me to learn and start. Of course, I won't put a lot of money in it.

I'm new too but this is what I learned so far. Coins are more of a collectibles rather than investing due to its high premium. Canadian maple would have higher collectible value than kijang emas. Of course they are still valuable for their gold

you purpose to keep gold as collectible or investment (buy/sell)?.

kijang quite hard to get especially during the gold price drop

more to long term investment I suppose. in a way that's like collectible also. lol

Good to hear that. Some people invest heavily in Gold thinking they could make "huge" profit but actually made "huge" loses

Gold makes a comeback as demand for jewelry in India, China pushes its price higher

Gold is having a summer revival. The price of gold touched $1,420 an ounce this week, a three-and-a-half month high, as escalating tensions in the Middle East, volatile currency markets and renewed demand for jewelry in China and India pushed prices higher.

For many years prior to that, large investors, like hedge funds, bought the metal as a way to protect their investments against rising prices and a slumping dollar. They feared that the Federal Reserve's stimulus program could cause prices to rise. But inflation remained subdued and that reduced the need to buy gold.

I went to a talk about futures on hang seng index. I learned stuff about candlestick charts. The speaker even showed us the candlestick on gold and he said gold is so much more difficult to read as it's movements are hard to predict.

This post has been edited by hey_there: Sep 2 2013, 12:16 AM

Wanna ask, usually how many grams or kilos when you buy a gold?

Correct. We cannot predict the gold prices

Gold Pull Back on Syria Strike Delay

Gold prices fell in early Asian trading Monday, as plans from the White House to delay a possible military strike in Syria eased oil-supply concerns and upbeat manufacturing data in China pushed traders out of the safe-haven metal.

Monday's broad declines came after hedge funds and other money managers last week increased bets on gold to the highest point in seven months. Money managers also increased their bets on crude oil last week for the first time in five weeks.

In addition to the Syria threat declining, safe-haven gold was further hurt by upbeat manufacturing data over the weekend from China, the biggest consumer of industrial metals in the world.

"Some traders chose to liquidate their long positions in the morning," as an imminent threat of an attack on Syria by the U.S. and its allies receded, said Peter Fung, Hong Kong-based director of gold dealer Wing Fung Precious Metals.

woots this is good news for new entrants

Now USD1392/oz