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 Gold Investment Corner V7, all about gold

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shankar_dass93
post Aug 10 2014, 12:57 AM

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Hi Guys,

Anyone purchased their gold bars from this site ?

If yes, any review ?
Online Gold/Silver Dealers

shankar_dass93
post Aug 10 2014, 12:57 AM

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This post has been edited by shankar_dass93: Aug 10 2014, 12:58 AM
shankar_dass93
post Aug 10 2014, 08:30 AM

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QUOTE(roscha @ Aug 10 2014, 06:11 AM)
I haven't bought gold bars from BuySilverMalaysia but
I have bought silver from them a few times. They were professional in their dealings with me. Got my silver in solid packing. They handled my requests well. I would recommend them anytime.

In fact when I want to buy silver, I would check the prices and offers of these three; BuySilverMalaysia.com, SilverStreet com.my and Bullionx.my. Members of any of them will get special deals.

Hope that helps.
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Thanks for your reply. Was looking forward in getting a 5gram - Pamp as a collection.

One final enquiry, lets say if i happen to get it from BuySilverMalaysia, I would still be able to sell it to other online dealers but at a cheaper price of what their own members get in a buyback right ?
shankar_dass93
post Aug 18 2014, 11:19 PM

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QUOTE(haziqnet @ Aug 18 2014, 10:43 PM)
for those who want to invest in silver sure need to start from now...now per gram cost of silver are less than 2.00...in the future if this price turn to 10.00 u already make 8x of profit...so for me for those with limit budget but want to invest for their future silver is the best choice...if u have 5kg of silver within the next 20 years i guess to become rich will be possible...
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Theres also a risk of silver becoming worthless if companies plan to use various other materials due to the advancement of technology. So i guess its a gamble!
shankar_dass93
post Aug 21 2014, 05:10 PM

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QUOTE(davinz18 @ Aug 21 2014, 04:20 PM)
Gold drops to 2-month low as dollar gets boost from hawkish Fed

"Gold had already been under pressure from the dollar. Once it broke below the 200-day moving average near $1,284, there was heavy selling," said one precious metals trader.
   
Safe-haven gold failed to gain support despite a dip in Asian shares that came under pressure as a disappointing Chinese
manufacturing survey stoked concern about the regional giant.

Investors fear that strong data could prompt the Fed to increase rates soon. Higher interest rates would dull the appeal
of non-interest-bearing assets such as gold.
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Time to buy now ?
shankar_dass93
post Aug 24 2014, 07:04 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 06:58 PM)
hi bro, newbies here hows the paper gold work? can u tell me more about it
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You're supposed to open up a Gold investment account with any of the banks that offers this service. Its known as paper gold as you aren't holding any physical gold with you. Though some account require you to keep a minimum amount of gold deposited in the account.


The only risk of investing in paper gold is that if your chosen bank fails, your entire investment is at risk.

check this link out Maybank gold-i

This post has been edited by shankar_dass93: Aug 24 2014, 07:06 PM
shankar_dass93
post Aug 24 2014, 07:37 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 07:08 PM)
But the thing is whats the purpose of having paper gold? i still don get it? Do we get profit by having paper gold?

thx for the link my office cant access that i'll check later
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QUOTE(hey_there @ Aug 24 2014, 07:10 PM)
[/B]Buy low sell high = profit. Sell lower than purchase price = lose[cool.gif
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As what the member above has said. Its more of a gold trading account.
Do note that no interest would be paid on this account.

Though the risk of having a paper gold account is that:

1. Total investment is gone if the bank closes shop.
2. Bank could adjust the spread at any given time to favour their own interest.
3. Bank would only change their rates when theres a major price change.
4. You don't get to hold your physical gold.


Benefits
1. Do not have to hold your physical gold and worry of storage fees or any unwanted theft
2. Could sell it back to the bank easily - Bank doesn't need to check and verify the condition of your physical gold as you're not holding anything. (Easier liquidation)



So the rule of getting this account is that don't invest all your savings into this investment vehicle. The key concept that should be remembered is that "diversification".



Hope this answers your question icon_rolleyes.gif
shankar_dass93
post Aug 24 2014, 07:43 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 07:41 PM)
thanks bro  notworthy.gif now i understand what is paper gold, but pernah ker bank tutup kedai  brows.gif
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Don't think it would be an issue if you open it with the big banks over here brows.gif
shankar_dass93
post Aug 24 2014, 08:01 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 07:58 PM)
but is there any minimum purchase? i just bought Physical Gold 100g  brows.gif
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minimum 1g.

Where did you get it from ?
shankar_dass93
post Aug 24 2014, 08:17 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 08:09 PM)
Public Gold, eh minimum 1g then we do trading to who?

Let say today i buy 1g RM120 then tomorrow price raise up to RM150, and selling price is RM130 can i sell to the bank directly is it how it works?  hmm.gif
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24/8
bank buys 130
bank sells 138


26/8
bank buys 160
bank sells 168

Assuming that you purchased 10grams on the 24th when you opened an account, at 10*138/g = RM1380

On the 26/8, you decided to sell as the rate has gone up but do keep in mind that you would have to hold a minimum of 1gram in your account. Hence you could only sell 9grams at 9*RM160 = RM1440.

Total profit = (9*160) - (9*138) = 198

This post has been edited by shankar_dass93: Aug 24 2014, 08:18 PM
shankar_dass93
post Aug 24 2014, 08:26 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 08:22 PM)
got it, but the thing is hows the rate looks like? is there any link to refer?

how to buy and sell gold? can i do it online? now gold price drop kaw2, its the best time to buy i guess
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You could check the rates on the given banks website. To open the account you have to do it at the branch its self but thereafter, buying and selling could be done online.
shankar_dass93
post Aug 24 2014, 08:39 PM

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QUOTE(aPiT_OxyMoxy @ Aug 24 2014, 08:29 PM)
thanks bro for the info, btw do u have the paper gold? it seems like u have one  icon_idea.gif
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Sadly nope. if gold price reaches around RM110per gram than ill consider opening one. I'm just being pretty optimistic that gold price would fall even more.
shankar_dass93
post Aug 25 2014, 08:00 PM

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QUOTE(sylar111 @ Aug 25 2014, 06:03 PM)
Unfortunately, I really do not understand the hack what haziqnet is saying.

As I have said in the silver thread. He is WAYYYYY out of his league.

The reason why you should keep physical is just as you said.

For Paper Gold,
ETFs and Banks do not really have the Precious Metals they claim they have
What would happen is that if one day someone decides to make a huge withdrawal from the Paper market and the Paper Market cannot provide, then there may be a decoupling between the Paper and the Physical Market.

Even if the Paper market remains, the premium of physical will go up.
The thing is that for Paper, if you are able to trade while the public still accepts paper , it's much cheaper in terms of fees. The risk is that if the day of reckoning come, your paper will be worth nothing.

Manipulation will happen until the point whereby public realize that paper is a hoax or if major countries like China announces that they decide to back their currency with precious metals.

Actually, they are kinda successful. The thing is by smashing price down, many people do indeed become fearful because if they had put this money in the stock market, they would have much higher returns. It can be pretty frustrating to wait for the metals to shoot up unless you are totally immune to the financial markets.
Even though this guy seem to be on your side, Lets not patronize him and encourage people with no knowledge to be posting without facts. To be honest, I have never seen a Precious Metals Dealer having almost zero knowledge and also without any professionalism.
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Thats something that i agree with you.
shankar_dass93
post Aug 25 2014, 08:00 PM

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Prediction

This post has been edited by shankar_dass93: Aug 25 2014, 09:30 PM
shankar_dass93
post Aug 27 2014, 07:48 AM

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QUOTE(davinz18 @ Aug 26 2014, 11:32 PM)
Gold up as dollar rally pauses; strong U.S. data limits gains
http://in.reuters.com/article/2014/08/26/m...N0QW2HY20140826
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Its dropping again today
shankar_dass93
post Sep 6 2014, 09:02 PM

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Gold predictions.

Gold Predictions


So its safe to say that one should wait if they wish to get into the gold market now.

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