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 Gold Investment Corner V8, All About Gold

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XtraLeoGecko
post Jan 8 2016, 07:58 AM

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The blinking red light!
https://srsroccoreport.com/gold-silver-up-i...days-like-this/
XtraLeoGecko
post Jan 11 2016, 09:40 PM

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http://www.zerohedge.com/news/2016-01-10/w...s-china-edition
XtraLeoGecko
post Jan 16 2016, 05:34 PM

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QUOTE(icemanfx @ Jan 16 2016, 12:14 PM)
If you invested in gold in the last few years, your return is substantially higher than fd.

Buyers will pay you a premium for gold jewelry especially handcrafted by famous Goldsmith.
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Wow.... gold trader bought used jewellery for melting. ... why would they pay more compare to gold bar?
XtraLeoGecko
post Jan 19 2016, 07:35 AM

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QUOTE(ziiriium @ Jan 18 2016, 08:57 PM)
Got some gold pamp suisse multigram and silver maple available from last group buy.... good buy....pm for details. ..
XtraLeoGecko
post Jan 26 2016, 06:42 PM

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Good price on Canada Maple 1g multigram. .. pm for details.
XtraLeoGecko
post Feb 3 2016, 12:37 PM

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Insight on the potential of fractional gold in particular multigram gold bar....

"Anthony Wile: What would you do to protect yourself if you were a middle-class investor? Would you buy a gun? Gold? Food?
Professor Fekete: All of the above. One word about buying gold. What you need is not physical gold per se but a gold income. Therefore, you should have gold in small denominations rather than large ones. For example, the Royal Canadian Mint markets gold in 125g packages consisting of 125, 1g Maple Leaf gold coins. This would fill your need for a gold income where necessary".

- See more at: http://www.thedailybell.com/exclusive-inte...l-Fekete/#.dpuf
XtraLeoGecko
post Feb 12 2016, 10:47 AM

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While the forum quiet for past 2 weeks, spot gold at USD1235/oz now!!!
XtraLeoGecko
post Feb 17 2016, 09:56 PM

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No confusion.....

http://www.dailypfennig.com/2016/02/14/real-reason-buy-gold/
XtraLeoGecko
post Feb 19 2016, 07:56 AM

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QUOTE(cybermaster98 @ Feb 17 2016, 09:07 AM)
Really hilarious reading all the 'pro Gold' comments this past week. All the so called 'experts' proudly proclaiming a gold is on a bull run and will hit 1,300, etc.

I guess some ppl just haven't learnt the logic behind gold. Many still don't know the difference between a HEDGE and an INVESTMENT.

Gold is a hedge not an investment vehicle. You only make money from gold when u sell it. Until then its just money sitting there being eaten away from inflation not earning anything as long as prices remain stagnant.

Investors flock to gold on short term basis e.g days to max a week. They make their money and off they go. But most of the ppl on this thread are in it for the longer term with the hope that gold will hit that miraculous 2,000-3,000 mark. And most of these ppl don't even know how gold fluctuates in the market. They just want and expect quick gains. I know cuz I was like them before. Luckily I 'made' a small gain from the sale of my gold but overall ive 'lost' a lot because if I had invested that money elsewhere I would have made much more.

Anyway fyi, gold is now at 1,200 and will drop more before the end of the week.

See if these articles make any sense to you.

http://www.cnbc.com/2016/02/16/goldman-sac...erreaction.html

http://www.marketwatch.com/story/why-gold-...aven-2016-02-16
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Time will tell which school of thought is right......

https://srsroccoreport.com/two-gold-charts-...-worried-about/
XtraLeoGecko
post Feb 19 2016, 07:03 PM

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QUOTE(astrowoon @ Feb 19 2016, 06:42 PM)
Thanks for the info! Haven't redeemed actually. Read that paper gold market might collapse in the near future:
http://www.zerohedge.com/news/2016-02-17/c...y-be-close-hand

Wanna cash in since it is already in profit...Might settle in cash and buy Kijang Emas later.
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Good for converting paper to physical. But why kijang mas compare to others?
XtraLeoGecko
post Feb 20 2016, 09:39 AM

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http://www.bloomberg.com/news/articles/201...ates-below-zero
XtraLeoGecko
post Feb 20 2016, 10:34 AM

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QUOTE(astrowoon @ Feb 19 2016, 07:11 PM)
Because that is the only one I know locally. And the difference between 1 oz buy/sell price isn't too big, ~4+%.
Would you mind to share other options, thanks!
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I would buy international recognised brands like Pamp Suisse or Canada Maple Leaf or Perth Mint.... I might pay slight higher premium upfront but I would certainly get back the premium when I sell later. At least if I need to bring oversea one day, it will b widely accepted.
XtraLeoGecko
post Feb 21 2016, 09:12 PM

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QUOTE(Tavia88 @ Feb 21 2016, 12:02 PM)
Hi Guys,

Any advise where is the best place and type of physical gold that i could purchase around Klang Valley / KL ? As if not mistaken those in Poh Kong is charged with design fees right so not worth for investment.

Im purely wish to keep some for small investment..

Any advise?
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I do hv Pamp Suisse multigram at good price..... selling better than below.

https://www.nubex.my/index.php/pamp-suisse-...-version-cond-a
XtraLeoGecko
post Feb 24 2016, 07:18 AM

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http://www.bloomberg.com/news/articles/201...go-higher-chart
XtraLeoGecko
post Feb 25 2016, 06:57 PM

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QUOTE(Jolokia467 @ Feb 25 2016, 05:59 PM)
I hope it is a bear trap also... because i havent got enough stock yet...  shocking.gif  shakehead.gif
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That's why having a clear target of how many % of ur asset to be in precious metals (gold & silver) is important. Then the plan to accumulate towards tat is equally important. How high is high / how low is low? How the exchange rate further complicates the risk of uncertainty? So, if u not sufficiently hedge against crisis, does the current spot price in RM attractive enough for u to start accumulation OR it is worth more risk for the spot to drop? Do we hv the crystal ball?
Purely hedging purpose - does it matter so much to buy at 170/g OR 180/g OR 200/g, if we r hedging against risk or eventually >400/g?

At the end is about are we sufficiently hedge at this moment? Does it worth more to wait or not to wait?
XtraLeoGecko
post Feb 26 2016, 08:17 AM

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Don't only accumulate gold, silver has higher potential due to its current high ratio to gold at 80:1

http://secularinvestor.com/gold-market-exp...-market-explode

This post has been edited by XtraLeoGecko: Feb 26 2016, 08:21 AM
XtraLeoGecko
post Feb 26 2016, 01:16 PM

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QUOTE(sinbad2k @ Feb 26 2016, 11:10 AM)
It's last year right before our RM falls (around August) and last December.
I've been wondering about this, how many silver dealers are there in klang valley or rather in msia that you could go to liquidate ur silvers?
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I would never recommend people to sell their gold or silver to dealers who offered Buy Back. Simple reason, their buyback price is just too low. U can always find many buyers at higher than the dealers' buy back price in forums. Don't believe? Try out.... sell RM1/oz higher than Dealers' buyback price, u would hv the item sold soonest than u thought. (I would b one of the many potential buyers, :-)

This post has been edited by XtraLeoGecko: Feb 26 2016, 01:19 PM
XtraLeoGecko
post Feb 26 2016, 09:26 PM

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QUOTE(sinbad2k @ Feb 26 2016, 03:23 PM)
where will u get ur cash to buy back if all ur customers want to liquidate their PM?
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Hmmm. ....
1) When did I say, I am offering buy back from my customers?
2) Even I don't guarantee a buy back from my customers, but if they offer at RM1 higher than example NOW as I typed the buyback of Silver Maple 1oz is 67.47 at Silverbullion, so if u selling back to me at 68.47, I would buy from u one tube of 25 pcs immediately. Perhaps more tubes in next few days again. Pls try if u hv one now..... :-)
XtraLeoGecko
post Feb 27 2016, 07:56 AM

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QUOTE(angmoreasian @ Feb 26 2016, 11:17 PM)
I do somewhat agree with u but this don't really work in malaysia cause pipu dun hav much cash...maybe for small bars..big bars more difficult tp find buyers...
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Hmmm.... you are totally right! That's why buy 1oz / 10oz denomination of silver. Buy 1g to 10g denomination gold only.

Also, may I know realistically, how many oz are we going to liquidate at one time?
500oz of silver (selected international brands, 1oz to 10 oz denomination)? I can take if u sell at spot.
100oz of silver (selected international brands, 1oz to 10 oz denomination) - I can take if u sell at spot + RM1.
Similar for gold, 200g (selected brands, in 1g to 2g denomination) - I can take if u sell at spot.

Spot this weekend at silver RM 62.26 / gold RM 5168.78 per oz.

By the way, gold has broken the bear trend....
http://www.bloomberg.com/news/videos/2016-...he-move-in-gold

This post has been edited by XtraLeoGecko: Feb 27 2016, 08:07 AM
XtraLeoGecko
post Feb 27 2016, 10:35 AM

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QUOTE(ronho @ Feb 27 2016, 09:17 AM)
sharp fall at close...next week lower still?
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Haha.... grabbed some semi-numis new release today... cheaper by rm4/oz compare to Monday.

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