i still short of 30g gold in m2u to entitle for the running contest to win a iphone 5 or ipad mini weekly until 31 dec 2013. pls drop until 1250/oz so that i will buy more
Gold Investment Corner V7, all about gold
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 Nov 1 2013, 12:27 PM
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560 posts Joined: Oct 2011  
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Feb 17 2014, 04:41 PM
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#2
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560 posts Joined: Oct 2011
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QUOTE(celicaizpower @ Feb 17 2014, 04:18 PM) Hi guys, u just got ur time machine back or internet? Now gold is up up up redi. But slightly affected by USD exchange ratesI realized that Gold has been dropping like mad recently, can help summarize why? and whats the outlook for future gold investments? e.g 2015 Q1 Up or Down?  |
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Mar 26 2014, 02:31 PM
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#3
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Luckily i sold all paper gold back to maybank on 17 march @ rm143/g at 10am. Phew.
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Mar 31 2014, 09:09 AM
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#4
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560 posts Joined: Oct 2011
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QUOTE(jonathanchee315 @ Mar 29 2014, 01:51 AM) gold should always be a long term investment. Stay calm bro, the opportunity will come my paper gold stuck in bank for 1 year and the return i got is only 7.7% nett. Not so good. I better invest back to property market. Long term? do you noticed the gold price is violating again? fall below usd1300 is painful to deal with. Dont forget the RM currency getting weaker affecting our gold investment as well. Last year before GE is rm2.98 and now hit to RM3.28.  But nevertheless, i still buy low sell high. Lesson learn, wont go back with maybank gold investment due to high spread. Next time i will go with UOB papaer gold. Easier to exit compare maybank, pbe, and cimb. |
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Apr 1 2014, 12:20 PM
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#5
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QUOTE(hey_there @ Apr 1 2014, 11:27 AM) Maybank buy back price is rm131.59. So if u sell now, u r earning rm2.59/gram. If I were u, I will keep a bit longer. Sell it at higher price and stay away from paper gold. Instead, buy physical. It was rm140/gram 2 weeks ago and if u sell at that time, U could've earn more then.. Anyway, this is just my2cent. Follow ur own strategy. says UOB offering the best spread so far in the market.Paper gold  The spread is 2.4% but not protected by PIDM Physical gold  The spread for 1 gram bullion is 39.0% but the spread for 100 gram bullion is 2.385% Paper gold no need to worry storing and security for purchased. But 1 thing i dont understand is why the spread for 1 gram and 100 gram is that big For this scenario, i might go with UOB bullion when gold price hit RM 130/gram |
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Apr 2 2014, 08:59 AM
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#6
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QUOTE(hkboey @ Apr 1 2014, 07:59 PM) When u say "might" I presume u haven't bought from UOB bullion before. In pg, there's only one branch selling gold bullion but I have been asking for more than a year and they never had stock. So the price list are basically for see look or if u want to sell to bank only. Same for Maybank, they hardly have stock, and when they have stock, it might not the price you want to buy. So u need luck to wait for the price to go down plus they have stock. No idea about PG, but UOB branch near my place got stock when i called up. Now waiting right price drop drop drop to enter.I'm not sure bout KL, anyone know?? Do they always have stock in hand? |
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Apr 2 2014, 12:31 PM
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#7
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Arabian banks? hmmmm, im still prefer Singapore banks any time.
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