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 Gold Investment Corner V7, all about gold

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ck23
post Sep 18 2013, 03:53 PM

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QUOTE(LawrenZza @ Sep 18 2013, 11:40 AM)
Lets see if it gets lower than in april.
*
Hopefully not. Egypt war ended already?

It was pretty high a month ago. shakehead.gif
ck23
post Sep 19 2013, 09:25 AM

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QUOTE(smsbusiness2u @ Sep 19 2013, 09:23 AM)
what is the buying price yesterday and selling price today? sure can profit?
*
Nope. There's a gap at least RM5/g


ck23
post Sep 19 2013, 11:02 AM

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i invested in CIMB when it was 164/g. Now cannot sell, as it is too low.

What can I do?
ck23
post Sep 19 2013, 11:40 AM

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QUOTE(hey_there @ Sep 19 2013, 11:38 AM)
there r few things that u can do, in my opinion

1) wait for the price to go up.
2) sell it and lose some money
3) buy more at lower price so that it'll help averaging the price. dollar cost averaging method

example: u buy at 1g x 164/g, 1g x 154/g, 1g x 138/g

164 + 154 + 138 = 456 /3g = 152/g

if u sell at 152/g, u'll beak even.
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I have 40g average price 163.995/g

Put in FD at least got some money.

If I sell, rugi at least RM1000.

Option 1: Very Hard
Option 2: Will do when it reaches >155 again
Option 3: Will buy in when it drops to 125 again

Egypt war ended already?

Last month was 143 all the way rise to 158-159 due to Egypt war.

Now drop back~~

This post has been edited by ck23: Sep 19 2013, 11:42 AM
ck23
post Sep 19 2013, 12:22 PM

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QUOTE(hey_there @ Sep 19 2013, 11:51 AM)
it was 1298/oz which was rm138/g yesterday. didnt buy any? the price soar almost 90 degrees on chart after the news from fomc is out. syria's case is still pending negotiation. i dont know, dont think the price will go any lower. so u better hope that the price soar up more than 164/g.
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Didnt buy lo.

I am afraid of it already.

Now im buying raw gold.

My friend who is doing gold trading business sold some used gold to me at RM125/g for 916 in June.

Im thinking to buy more just to average out my paper gold losses. Don't think I will buy paper gold again.

I am still monitoring gold market daily though.

If adding the physical gold at 125/g, my average cost is now RM148/g.

Hopefully can dilute more.

This post has been edited by ck23: Sep 19 2013, 12:29 PM
ck23
post Sep 19 2013, 12:56 PM

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QUOTE(hey_there @ Sep 19 2013, 12:53 PM)
do u mean physical gold in a form of bar or gold that has not been processed? 125/g is a good deal. where can u sell them back to?
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I mean jewellery. 916 jewellery. I bought a men ring.

Can sell to him anytime. Follow goldsmith rate. Rate of melting. Slightly different though.

So now I will focus on jewellery. Haha...

Bear in mind, do not buy jewellery that contains stone. It has no value for stone. Just for decoration only. Stones are those fake diamonds.

My friend has a shop in town, where he buys used gold or jewellery from walk in customers and pay them cash. Maybe he bought in RM115/g, sell me RM125/g.

It's better than buying new one.

This post has been edited by ck23: Sep 19 2013, 12:59 PM
ck23
post Sep 19 2013, 02:52 PM

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QUOTE(kazama82 @ Sep 19 2013, 02:02 PM)
Had you tried to check the gold purity? Sometimes cheap also dangerous.. Try go to ar rahnu or any gold shop to check purity.. Just to make sure its 22k 916..a lot of ppl ripe by buying frok individual.
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it's real! I don't do risky stake just like everyone else. My friend is quite a trusted one. His shop has density meter and gold testing stone and acids. I tested~

It's stamped with 916. He has Public Gold too. But that one he keeps to his own. Not for sales. I guess he bought it from customer when it was RM150, thats why not selling because cost is higher.


ck23
post Sep 19 2013, 02:55 PM

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QUOTE(darkazers @ Sep 19 2013, 02:23 PM)
anyone interested in delay stock gold program?
wan to be funder/investor?

RM15k will generate RM850.00 per month. unlimited of time.
= RM10,200.00/year.
not affected by up and down of the gold prices. my ASB of RM100k only generate RM8500 per year.. smile.gif
*
for real?

Pawnshop RM15k, monthly interest 2% @ RM300.
Ar Rahnu RM15k, monthly interest 1.5% @ RM225. (Assume)

Basic lending rate is at such rate. How could you get 5.67% monthly?

ck23
post Sep 19 2013, 02:58 PM

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QUOTE(darkazers @ Sep 19 2013, 02:57 PM)
its called bonus on delay..  brows.gif
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I dont believe in this actually.

It's like a ponzi scheme, a high yield investment program.

Something like BLR 6.6%, your FD will get 18.71% (on 2% vs 5.67% ratio)

This post has been edited by ck23: Sep 19 2013, 03:01 PM
ck23
post Sep 19 2013, 03:05 PM

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QUOTE(darkazers @ Sep 19 2013, 02:59 PM)
nope.. its far away from that.
u can try one month and get back your RM850+100g gold.
*
Any testimonial from investor?


ck23
post Sep 19 2013, 03:34 PM

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QUOTE(kazama82 @ Sep 19 2013, 03:31 PM)
Dont trust the stamp 916.. Test it is the best way.. Good if you have a trusted friend.. But if i were you, i just randomly test at other gold shop just to be sure.. No harm right..
*
Thanks for your suggestion, I will value it in a pawnshop or gold shop maybe.

I know the stamp can be fake.
ck23
post Sep 21 2013, 03:46 PM

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QUOTE(davinz18 @ Sep 21 2013, 11:49 AM)
Gold sinks 2.5 pct on new fears Fed may reduce stimulus

Gold sank 2.5 percent on Friday as institutional investors sold aggressively after the Saint Louis Fed president said the U.S. central bank might move next month to reduce stimulus spending that has bolstered
bullion for years.

"The gold market had rallied substantially on tapering being taken off the table. Now Bullard's comments have injected some uncertainty near term, and that has prompted a wave of selling in the gold and the precious metals complex," said James Steel, chief precious metals analyst at HSBC.

Option-related selling accelerated gold's decline, said Comex gold options floor trader Jonathan Jossen, noting that many participants exercised put options after heavy buying of inexpensive puts following Wednesday's rally. Relatively thin volume during gold's rally this week also suggested that gains could be short lived, Jossen said.

In addition, a two-percent drop of open interest in Comex gold futures on Wednesday showed the post-Fed rally was driven by investors who bought back previously bearish bets instead of new money, analysts said.
*
Like that it seems dropping too next week. shocking.gif
ck23
post Oct 2 2013, 07:09 PM

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Can buy it heavily now?

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