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 Gold Investment Corner V8, All About Gold

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Darkcity212
post Nov 2 2014, 05:29 AM

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I guess everyone here is making 20k minimum per month?any tips on how to invest gold?i heard about pagasus bullion.is it a good way to start?
Sham903n
post Nov 2 2014, 07:30 AM

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the secret is buy sell buy sell buy sell buy sell.. which ever way it goes

guy3288
post Nov 2 2014, 12:05 PM

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uob price was RM125.20/gm, already few Rm below my ealier purchases....think i got to buy some for DCA if it comes to RM124.


max_cavalera
post Nov 2 2014, 12:40 PM

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QUOTE(oneeleven @ Nov 2 2014, 06:19 AM)
Is this the time to keep an eye open for mining stocks that have plunged?
Yes, willing to wait it out 1.5-2 yrs. Maybe better than physical because easier to trade?
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The price movement is more aggresive then the gold price itself....not noob investor friendly...if gold price drop 10%...they drop like 20+%... Do u hav the tough mentality to hold in such situation?
max_cavalera
post Nov 2 2014, 12:41 PM

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QUOTE(guy3288 @ Nov 2 2014, 01:05 PM)
uob price was  RM125.20/gm, already few Rm below my ealier purchases....think i got to buy some for DCA if it comes to RM124.
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Standard practice to DCA is to wait it exceed more than 5% gain or loss for u to top up...
guy3288
post Nov 2 2014, 12:44 PM

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QUOTE(max_cavalera @ Nov 2 2014, 12:41 PM)
Standard practice to DCA is to wait it exceed more than 5% gain or loss for u to top up...
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i see in that case RM123.70 or lower.........thanks.
max_cavalera
post Nov 2 2014, 12:52 PM

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QUOTE(Darkcity212 @ Nov 2 2014, 06:29 AM)
I guess everyone here is making 20k minimum per month?any tips on how to invest gold?i heard about pagasus bullion.is it a good way to start?
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Such assumtion is bollocks and demotivate yourself... Anyone with any income range cn strive to save at least 10-20% of their nett monthly income anf invest...
carbon junkie
post Nov 2 2014, 07:10 PM

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fnm83
post Nov 2 2014, 08:34 PM

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Lets buy some gold tomorrow. Time to stack up more.
D.gRave
post Nov 2 2014, 09:07 PM

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hi,

been interested with gold investment but I have few question.

where to buy and where to sell?
what is the minimum gram to buy?
basSist
post Nov 2 2014, 10:38 PM

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QUOTE(fnm83 @ Nov 2 2014, 08:34 PM)
Lets buy some gold tomorrow. Time to stack up more.
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not yet bro, target price around should be around 900-1000 biggrin.gif
epie
post Nov 2 2014, 10:57 PM

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QUOTE(basSist @ Nov 2 2014, 10:38 PM)
not yet bro, target price around should be around 900-1000  biggrin.gif
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maybe need some times to reach 1k level
guy3288
post Nov 2 2014, 11:54 PM

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QUOTE(epie @ Nov 2 2014, 10:57 PM)
maybe need some times to reach 1k level
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1k would be a steal, at USD1100 you can start buying already.
fnm83
post Nov 3 2014, 11:16 AM

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anyone want to buy Kijang Emas 1/4oz?
I am selling 1 pc of mine for Maybank we sell + RM20 only.

max_cavalera
post Nov 3 2014, 11:23 AM

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QUOTE(guy3288 @ Nov 3 2014, 12:54 AM)
1k would be a steal, at USD1100 you can start  buying already.
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My advice is to hold, wait and see until we get to early next year smile.gif... World equities just suffered a minor correction n the sentiment beginning to get positive back and many counter have cheap n value for money valuation...

Astonishigly gold price does not shoot high enough this year even with a new threat of cold war between russia n US...and many geopolitical uncertainty events of this year...

I suspect only a global debt crisis by the global banks or superpower country government sovereign debt default could only send the price skyrocketing....

So far the cracks are there but not so soon...so my advice is wait until next year....

This post has been edited by max_cavalera: Nov 3 2014, 11:25 AM
nexona88
post Nov 3 2014, 12:59 PM

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Gold, silver struggle near 4-year lows
http://www.thestar.com.my/Business/Busines...lows/?style=biz
tchtax
post Nov 3 2014, 07:49 PM

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I would wait also....1st quarter n ext year will give me a clearer picture. Too early to tell even though sentiments are bearish
neonikson1
post Nov 3 2014, 09:31 PM

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QUOTE(call me random @ Oct 13 2014, 10:21 AM)
1. Physical Gold, need to get place to store. Storage in Bank need to pay yearly services also. Put at home = Risk. <--- similarly my concern. but i dont have that much to store at banks also.. need to gamble on this sweat.gif
2. Paper Gold, Buy/Sell spread is high. <---- its not PIDM protected, should u want to liquidate, might have to sell at loss within this 2 yrs. the world has more and more suprises for us. na ah for me. my only saving in banks is in form of investment. need to diversify.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell. <--- refer above.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.

plus for the papergolds, u might want to check hows the procedure to get the pysical form of ur gold. CIMB for example can only allow minimum 100g with a certain fee. some only allowed to be collected at main branch in KL. if thats not an issue for u, then go for it.
but always remember the old wisdom, its not urs until u can hold it.

for me, its always crucial to determine the enter and exit strategy. not just applicable for share market, i dont do stocks. but just anything.
i get the tips from a very old timer Comando. before u get in, must plan the easiest way out.
if i want to buy gold using my spare cash, i must hv a way to get the cash back.

and i go anywhere, i reverse parking the car  thumbup.gif
(until my straight parking skill so bad because lack of practice lol)
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My little experience tells me that If buying gold is just for making money n not as hobby, the best is to buy gold ETFs.

Archer17
post Nov 4 2014, 03:09 PM

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QUOTE(guy3288 @ Nov 2 2014, 11:54 PM)
1k would be a steal, at USD1100 you can start  buying already.
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if want to buy gold where to buy? from the bank will give you physical gold bar?
lyralp
post Nov 4 2014, 04:30 PM

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QUOTE(Archer17 @ Nov 4 2014, 03:09 PM)
if want to buy gold where to buy? from the bank will give you physical gold bar?
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Bank - Al-Rahji, Maybank & UOB Gold Coins only
Non Banks - MyBullion, Alliance, Public Gold, BuySilver

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