I predict it would be boring for many suns

yea.

also Russia’s Proposal on Syria to surrender its chemical weapons, So it means no attack / war

Physical gold.

No war not confirm yet right

It's just a proposal. Don't know yet

Still holding +++gm in hand at 149

Now already USD1365/oz

I really hope what u say will come true... make it 10-20 yrs and it'll be superb

Haha. Can't wait for maybank's update tmr. Getting ready to buy some grams

if like this trend, tmrw could be around USD1345/oz

Hahah. Anything can happen.

correct

See how the bank price tmrw, they the one fixed the selling price

It has happened before. And people say history will repeat itself. You hope may come true

hi just wanna ask as i new in this GIA,so which is best? i mean physical gold or paper gold?

there always chart on btw sell price and buy price,sell price is when u purchase paper gold from bank and buy price is when you decide to sell it back to the bank,is that right? just need some point here as i'm very noob in this thing

Physical is u own the physical form of it. Like u buy gold necklace from poh kong and sell it when the price is high to earn ur profit. Same thing goes to bars/coins. Paper gold is like I pay $ and buy gold in the form of paper. Written in the paper is the amount of gold u own and u sell it at the price u like. If the company go bust, ur money is gone.

Yes, u have to buy and sell according to ur bank's buy/sell price

This post has been edited by hey_there: Sep 11 2013, 11:57 AM

Hi all the sifus here.
why would ppl buy physical gold when paper gold is more easy to invest and has narrow spread??
If buy from Poh Kong at 167
can only sell back at discounted 20-25%.( assume price stagnant)
am i right?

one of the answers to your question is on the post directly above yours

U'll risk the company go bust. Imagine if u have rm100k worth of paper gold with u and the next day u see, the company bankrupt. Ur rm100k is gone with the company. If u have the physical, u don't have to worry. Like u buy from poh kong and the next day poh kong bankrupt. U no need to worry coz u have ur gold with u.

Another reason ppl buy physical is to curb hyperinflation. Money is being print in every country and it cause inflation. Money might become just a piece of paper. By then, ppl will use gold/silver as money just like few hundred years ago. Google mike Maloney and see for urself.

I invested in GIA (paper gold) instead of a physical gold coz I can't afford the physical. And I'm not investing a lot of money in GIA. Plus, it's a bank... Chances of it going bust is slimmer. It depends on how u look at it.

Paper gold.
Cheaper when buy.
Narrow spread you want to sell.
Easy to trade.
If company bankrupt investor cannot claim back anything.
but bank very unlikely goes burst right??

Sifus here are mostly invest in physical or paper?