as I said before, always slow when reducing the price 

Sell at price they quote. You must always monitor the price movement

just go to their branch & sell it.

http://jinjack.net/vdraw/grab/gold_rate/

http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment

http://www.maybank2u.com.my/mbb_info/m2u/p...cntKey=INV03.03

U'll risk the company go bust. Imagine if u have rm100k worth of paper gold with u and the next day u see, the company bankrupt. Ur rm100k is gone with the company. If u have the physical, u don't have to worry. Like u buy from poh kong and the next day poh kong bankrupt. U no need to worry coz u have ur gold with u.

Another reason ppl buy physical is to curb hyperinflation. Money is being print in every country and it cause inflation. Money might become just a piece of paper. By then, ppl will use gold/silver as money just like few hundred years ago. Google mike Maloney and see for urself.

I invested in GIA (paper gold) instead of a physical gold coz I can't afford the physical. And I'm not investing a lot of money in GIA. Plus, it's a bank... Chances of it going bust is slimmer. It depends on how u look at it.

It would be wise to revisit the wisdom of Buffett and his thoughts on gold:

1. “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

2. “The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”

3. “Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything."

4. “I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today’s market prices about $7 trillion – that’s probably about a third of the value of all the stocks in the United States…For $7 trillion…you could have all the farmland in the United States, you could have about seven Exxon Mobils (XOM) and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I’ll take the farmland and the Exxon Mobils.”

5. “The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.”

6. “What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth — for a while."

7. “I have no views as to where it will be, but the one thing I can tell you is it won’t do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot — and it’s a lot — it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that."

what about it?..

http://goldprice.org/gold-price-per-gram.html

Not every "advises" you hear will meet your specific needs.  15-20% of my portfolio sitting in gold gaining nothing in between while the price continue sliding down ..... no thanks.  5% in gold or any other precious metal is the max I'm willing to go.  I don't have any precious metals in my portfolio. 

If I want insurance, I might as well stick the 15-20% of my cash under in a bank safety deposit.  That may be a better bet than venturing it in gold.  Having said that though, every one is different.

well, for those who had invested just don;t over invest.
B4 the price hike in gold, they will take down something with them 1st.
maybe it's related to CHina. or interest rate or property bubble in asia etc. Thus cash may be the king during transition. Just gut feeling only.

How much is the current inflation rate? What is the expected inflation rate for next 2 to 3 years?
Gold and silver supply are running out? If purchasing rate right now is pretty high, why price is still lower than last year?

an experiment must be verifiable. Here are the task list
Task 1: Call UOB got stock or not. Got means = price too high or people are still doubting when to buy
Task 2: C goldsmith shop everybody queueing to buy? yes or not
task 3: call Maybank C got kijang emas or not.
Task 4: call Publicgold said U 1 immediate delivery pay cash.! got stock or not!
Task 5: select 3 main bullion dealer website :- see gold and silver price.! still available for sales???

If all YEs, then availability is not an issue now or maybe few months down the road, unless something big happen. E.g. Suddenly China revalue Yuan.

give it a try ok.

If that the case, then every week you just cost averaging buy a bit and a bit then U won;t susah hati buy too expensive.

What I mean is those who already have a big saving in gold and silver? During the last gold bull ride, a lot of investor has over-geared and have more than 30 - 50% of their asset in PM. Some government staff even took personal loan to play PM, some saw people $making $$ and become a physical trader. Wow! too be a successful trader you must have big capital! where to get the capital? squeeze everywhere lah! Now price drop so much! what happen to these trader? If own $ oklah, if borrow money personal loan? every month makan roti. 

Just my gut feeling only. I think over the next few months 6 month to 1 year, the interest rate will goes up. This may lead to liquidity crisis in banking system. They have try it b4 last year asking Uncle Ben to announce possible tapering , interest rate shot up. That was an experiment.

If interest rate goes up for few months, lot of derivatives , margin will die due to high interest.
liquidity crisis means most of the thing will drop. For PM maybe it maintains at current prices.

Once the liquidity crisis is over, probably people got $ but the gold price has gone up. That will be a more likely scenario. For now, keep some cash.

increase of gold price = inflation rate + sentimental value

now the sentimental value is gone. time to buy buy buy

of cause 1250 level is not a good time to buy, if you scared that gold will crash below 1000, you can buy shares while playing with gold

if gold sits between 1100-1200, then i would advice to buy. but now is winter... let's see what happens when summer approaches

there is a saying. never put all your eggs in a basket. with fed tapering ahead, assuming it is successful, stocks will have bright future for at least 5-8 years. if not, share will be all time high and wait for crisis to happens again... then gold will really shine
last time USA-japan the only countries dominating the world market. everybody respect USD. now we have china, SEA, korea, india,... everything has changed. it will be a challenging time for gold 

FED is maintaining liquidity in the US market by introducing QE 1, 2 and 3 as to aid US economy after US sub-primed mortgage crisis in 2008. However, by pumping e-money into the market via bond purchasing over the years, has weaken the US dollar against foreign currency, thus causing US government to pay more to its foreign creditors in the long run, increasing the risk of defaulting, in return causing US Treasury bond to loose its AAA credit rating from Standard & Poor (S&P) in 2011.

With the weakening of US dollar against foreign currency, commodities that are traded world wide in USD also experiencing artificial increment in price and thus seeing gold price appreciated drastically after the introduction of QE in late 2008.

With the tapering of QE, the US dollar is anticipated to gain strength and majority institutional investors will take advantage of this moment to make good gain from currency exchange alone thus leaving the Asia equity market for now, returning to the US market.

In the long run, when the US economy is back on their feet, they will continue to be one of the world's largest consumers, continuing to import goods frm other parts of the world especially China, thus spurring global economy growth.

got one friend he said he already brought 200K of gold back in 2011.
another 100K of silver i think.
so do U think he should buy somemore.
he oso have stock property etc. + loan.
for him if net worth around 1 million, i think it's enough already.

he already finished his bullet.. Just don;t underestimate the 2011 bull ride, lot of investors already lost their bullet.... some even future bullet. some susah2 hold until today, they have missed out on real estates, some stocks and numismatic. or some $cash for travelling. 2 years ago travel should be cheaper than now.

so, how to ask them to buy somemore.? their face oledi red black oledi. 
that why I said if U already reach your gold/silver target then keep some cash! that what I meant. hope I clarify everybody.
now, cash out on spare property then buy gold/silver may be a good strategy.
however i 'm not a real estate expert do your own due dilligent.

well don;t get me wrong!
if you still low in gold and silver then buy now. but do cost averaging... maybe 1 oz per week etc..

If you already have achieve your gold oz and silver oz target then you may 1 2 hold as you never know how long the pricing like this going to last. At the mean time you may lose out on some other opportunities that come along.

E.g in mid 2011  should have sold all  PM for a piece of land or property. now price is land + property high, price of PM goes down. 
or at least if I sold a bit portion of PM in exchange for some numis stuff I still win.... like coin card , any old bank notes etc..
the loan stuff is for investor turn trader.