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 Gold Investment Corner V7, all about gold

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kazama82
post Dec 16 2013, 10:58 PM

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QUOTE(royalben @ Dec 16 2013, 06:20 PM)
What do you mean by spread ?
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Price difference between buy and sell
kazama82
post Dec 18 2013, 12:35 AM

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QUOTE(LawrenZza @ Dec 17 2013, 02:52 PM)
i mean the upcoming one. next wednesday there will be a conference
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Obviously if taper, price will go down
kazama82
post Dec 22 2013, 05:46 PM

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QUOTE(prophetjul @ Dec 20 2013, 10:19 AM)
Yes

Taper may come. It may come because

a) US treasuries become junk and US blows up
b) US economy licks up, jobless claims goes down'

Just as the sun will rise and fall

So why?

This is your taper
'Taper' is the FED printing $75 Billion per month, instead of $85 Billion per month. They will create $900 Billion instead of $1,020 Billion 'thin air' US Dollars. So, at the end of 2014, the FED's balance sheet will be $4.9 Trillion instead of over $5 Trillion.

OR Yellen may increase QE?  and QR for ever........why should she stop and cause Deflation and Depression?
WHO wants to be remembered for that?    biggrin.gif
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agree with this..with debt ceiling raise, they might print more rclxub.gif rclxub.gif
kazama82
post Dec 26 2013, 01:44 PM

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QUOTE(chrommed @ Dec 24 2013, 07:59 PM)
hi, I am planning to buy 1gm of gold a month starting next month. I googled around but couldn't find an Islamic GIA, or is there are none? if no, any recommended seller around klang valley i can come in contact with? I just want to but 1gm. what is the current price now?  I check at Maybank it is RM130/gm but my friend quoted me around RM160/gm (he is a seller). Is that price correct? Coz I thought maybe it's more expensive to get the real thing on the spot? Pls advise..
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No such thing as islamic GIA.

My suggestion why dont every month you keep cash, and till enough, get 5 gram gold or 1 dinar around 4.25 gram.. Lower spread.. Compare to 1 gram
kazama82
post Dec 27 2013, 10:54 PM

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QUOTE(davinz18 @ Dec 26 2013, 04:00 PM)
then the KFH GIA is conventional just like Maybank, CIMB, PB & UOB  hmm.gif  rclxub.gif 

their website stated follow Shariah concept of Bai' As-Sarf & Qardh  rclxub.gif  rclxub.gif
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As long as you buy physical gold, and get gold in you hand.. will be shariah compliance.. Not paper gold..

GIA im referring to paper gold account. Non is shariah compliance..



kazama82
post Dec 28 2013, 07:28 AM

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QUOTE(hey_there @ Dec 28 2013, 04:01 AM)
I asked the banker when I open my mGIA account and she says NO, I can't convert it into gold.
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yup..true..even when i go maybank and ask, the man at the counter himself dont like paper gold as it's on paper. he prefer physical gold..



This post has been edited by kazama82: Dec 28 2013, 07:28 AM
kazama82
post Dec 29 2013, 06:34 PM

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QUOTE(hazairi @ Dec 29 2013, 01:30 PM)
Should i wait or is it a good time to buy gold?
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depends on you..now its a good time to buy since the price drop almost 27%...


kazama82
post Dec 29 2013, 06:36 PM

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QUOTE(spring onion @ Dec 28 2013, 12:15 PM)
http://www.pbebank.com/en/en_content/perso...ments/gold.html

i do remember maybank provide such service too when i asked them rclxub.gif

it's better to always confirm with their staff before doing these conversion, best if to see their manager if you are investing a huge amount
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if you investing huge amount, i believe they will not be able to convert your paper gold to physical gold..can ask them if there are willing to do that..


different from KFH...you really buying physical gold...not paper gold..


kazama82
post Jan 21 2014, 09:29 PM

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QUOTE(roxguy @ Jan 20 2014, 10:23 AM)
hi sifus, need some advice here... i bought 30g gold in august 2011 when price was 180++. bought through a bank... now price is only at rm130++. its been 2 years+ but i dont see any returns...

any advice? should i just keep? should i sell of and face losses? should i sell and buy often (trade)?

thanks.
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If you don't need the cash, just keep them.. I will recommend physical gold compare to paper gold.

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