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 Gold Investment Corner V7, all about gold

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guy3288
post Nov 25 2013, 06:39 PM

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hello me first time invest in gold,

opened a gold SA with UOB today.
start with 40gm today at RM130.80. Am i taking too high a risk buying now??


guy3288
post Nov 27 2013, 12:39 AM

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QUOTE(hey_there @ Nov 26 2013, 05:28 PM)
depends on banks. maybank updated their price at 8:50 morning and 2pm. sometimes only in the morning. not sure abour uob
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you would be surprised. UOB gold prices are changing every few minutes. I was there yesterday and the person in front of me bought RM131.xx, but when i bought it it was RM130.80. Then only i found out the price is live from the UOB screen.


guy3288
post Feb 15 2014, 11:17 PM

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QUOTE(Mr Gray @ Feb 15 2014, 09:55 PM)
Don't think gold will rise so much this year or even the year after. The thing with gold is that, the price will only rise when the global economy is in a rout. The worse the economy, crisis, war etc, the better for gold.

The U.S. is in a much better shape this year. Its recovery is getting traction. In Europe, there is no more rumour about breakup. Japan is so so, China hmm still not so bad.

Unless there is a major negative event around the corner, rest assured gold is not gonna go up that much.

Don't believe me? Put 20 years of historical gold prices into excel, and see when the prices went up and down. smile.gif
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gold has moved up so much already and you said no?? it was predicted to drop but instead it kept going up and you still in denial?
guy3288
post Aug 27 2014, 08:54 AM

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QUOTE(haziqnet @ Aug 25 2014, 12:12 PM)
why? because gold price is unpredictable...some gold investment promise to give their clients profit by monthly...just look at how the price of gold recently? try to think like this...if u buy ur gold at 150/g and currently gold price is drop to 120/g can u earn profit? nope right...so basically investment on gold r always on this basis buy, keep and sell...not the other way around...or by technique and fundamental also u can sell ur gold at fast even gold price when down...but all of this need physical gold...if u only buy paper gold means u need to hope the gold price remain upward to earn profit...in case u need money u need to sell some of ur gold in ur account...if the time u sell ur gold the price is down sure u already make a loss there...but if u have physical gold incase u need fast money u can pawn ur gold at any arrahnu outlets...that gold will remain ur for the next 6 month...if u still dun have money to take back ur gold either u sell the pawn letter to 3rd party or u paid the storage fee for the whole 6 month and u will get an extra 6 month before u take back ur gold...this is much safer and u can keep ur gold as long as possible until the right price / gold price is higher than ur purchased price to earn profit (how much is the ROI depend to ur sell price and ur purchased price)...many investor make loss by paper gold because they sell it back before the gold price is higher than their purchased price...that's why involve in physical gold is much profitable and safer than paper gold...other than that if u invest in private company for example Genneva they use paper gold actually u just pay the price for the gold but actually the physical gold never exist or if it does exist the amount of gold they have actually are far less than the total of investment involved in the scheme...its just like the ponzi scheme...
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so u are saying if buy paper gold , when need money must sell at a loss if price is down. Yes i agree.
But if buy physical gold, when price down, you need money , you can pawn the gold and you dont lose money.

but if someone got holding power, can wait for gold to go up, isn't buying paper gold or physical gold the same?
For goldsmith sure they prefer to buy physical gold. But for investors ,how to keep the gold is a problem, risky, how to verify it is genuine etc, inconvenient when wanna sell back.

so i think the advantage you mentioned for buying physical gold is only for when you need urgent money you can pawn it. that's all.

BTW, today when i checked the UOB Gold price, i see the difference between buy and sell price on the bank website has reduced to only RM2.10. It used to be more than RM3.00 , is this some error on the UOB website?

http://www1.uob.com.my/jsp/finance/fin_gia.jsp
guy3288
post Sep 9 2014, 10:50 PM

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QUOTE(sms2u @ Sep 9 2014, 12:17 PM)
Waiitng to drop few more RM before grab more.

Maybank Gold Investment Account
DATE  SELLING (RM/g)  BUYING (RM/g)
9-Sep-14  131.51  126.00
Last update :  09-Sep-14 at 08:43:37 AM
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Drop few more RM? i already bought some today at RM130.20/gm..cant resist it, last year Nov i bought at RM130.80 sold off in Feb at RM137.10, a return of 4.8% in 3 months, it went up further after that...!
guy3288
post Sep 10 2014, 10:24 PM

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QUOTE(epie @ Sep 10 2014, 08:29 PM)
good if u think the support will hold
but i think it wont
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drops below 130 buy some more, how low can it go? RM120/gm
guy3288
post Sep 12 2014, 01:33 PM

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buy buy buy today RM128.30/gm!
guy3288
post Sep 12 2014, 08:29 PM

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QUOTE(davinz18 @ Sep 12 2014, 04:15 PM)
where?  hmm.gif
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just bought today at UOB. go down somemore i will buy again.
guy3288
post Sep 14 2014, 05:02 PM

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i see, so got to wait till down to USD1200 then only buy more?


by then how much would it be when buy paper gold at bank in RM/gm?

if convert = 1200x 3.2/30 =RM128/gm??? is this correct?


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