just cash out all my Maybank paper gold...duno I should be regretting or not...hehehe..
Gold Investment Corner V8, All About Gold
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 Jul 8 2016, 10:08 AM
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338 posts Joined: Mar 2008 From: Kepala Batas   
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Jul 8 2016, 10:39 AM
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10,783 posts Joined: Jan 2003 
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QUOTE(Pisanggoreng @ Jul 8 2016, 10:08 AM) just cash out all my Maybank paper gold...duno I should be regretting or not...hehehe.. haha bro, i think i'm going to cash out also.. any regrets we share share   |
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Jul 8 2016, 11:34 AM
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Senior Member
1,231 posts Joined: Mar 2015
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QUOTE(Pisanggoreng @ Jul 8 2016, 10:08 AM) just cash out all my Maybank paper gold...duno I should be regretting or not...hehehe.. I cash out too but remain the min balance as I might go in later when rates are good. Wat investment to do with the cash out money? I'm thinking gbp? Foreign currency deposit? |
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Jul 8 2016, 11:39 AM
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Junior Member
338 posts Joined: Mar 2008 From: Kepala Batas
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QUOTE(ic no 851025071234 @ Jul 8 2016, 11:34 AM) I cash out too but remain the min balance as I might go in later when rates are good. nah...amount not significant...haha...Wat investment to do with the cash out money? I'm thinking gbp? Foreign currency deposit? still thinking...  |
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Jul 8 2016, 12:27 PM
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10,783 posts Joined: Jan 2003
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QUOTE(ic no 851025071234 @ Jul 8 2016, 11:34 AM) I cash out too but remain the min balance as I might go in later when rates are good. hey, do you know how can we cash out the remaining minimum balance? do we need to go over-the-counter?Wat investment to do with the cash out money? I'm thinking gbp? Foreign currency deposit? hmm.. put in FD haha.. |
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Jul 8 2016, 04:50 PM
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1,231 posts Joined: Mar 2015
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QUOTE(navilink @ Jul 8 2016, 12:27 PM) hey, do you know how can we cash out the remaining minimum balance? do we need to go over-the-counter? Cash out everything is close account lo. Need go bankhmm.. put in FD haha.. |
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Jul 8 2016, 04:51 PM
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1,231 posts Joined: Mar 2015
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QUOTE(Pisanggoreng @ Jul 8 2016, 11:39 AM) nah...amount not significant...haha... Any good stuff plz share.still thinking... |
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Jul 8 2016, 04:57 PM
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Junior Member
525 posts Joined: Jan 2003 From: Kuala Lumpur, Malaysia
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QUOTE(hurtedheart @ Jul 7 2016, 02:06 PM) I noticed buysilvermalaysia.com does the same as MBB too. This is one reason I ceased buying physical gold. You tend to buy at higher & sometimes not so reasonable price. if you're buying gold like that, you should be investing stocks or some mutual funds..So are you intending to buy or sell any paper gold? I would say the time of buy & sell really important. Like my case, bought paper gold back in 2009 & based on buying price of PBB at rm170/g last tuesday, it yielded me 5.5% p.a based on compound interest. I would say it's along wait & it's just slightly better than FD Rates but terrible than some of the performing bond funds. |
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Jul 8 2016, 05:14 PM
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21,458 posts Joined: Jul 2012
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QUOTE(hurtedheart @ Jul 7 2016, 02:06 PM) I noticed buysilvermalaysia.com does the same as MBB too. This is one reason I ceased buying physical gold. You tend to buy at higher & sometimes not so reasonable price. Good yield is largely due to myr depreciation. If someone bought sgd assets back in 2009, yield could be similar or better.So are you intending to buy or sell any paper gold? I would say the time of buy & sell really important. Like my case, bought paper gold back in 2009 & based on buying price of PBB at rm170/g last tuesday, it yielded me 5.5% p.a based on compound interest. I would say it's along wait & it's just slightly better than FD Rates but terrible than some of the performing bond funds. |
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Jul 8 2016, 05:39 PM
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Junior Member
663 posts Joined: Feb 2009
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QUOTE(frontierzone @ Jul 8 2016, 09:56 AM) How much did you buy in 2009? I bought gold ranging from RM 109/g to RM 133/g back in 2009. I last bought paper gold in 2010. I agree with what you said about the FD comparison. Unless if you bought last year and sell this year you would earn 20%++. The difference this year and last year is huge. There is lack of transparency about how much the bank will adjust the pricing. This does not make it a confident investment. QUOTE(sinbad2k @ Jul 8 2016, 04:57 PM) if you're buying gold like that, you should be investing stocks or some mutual funds.. Gold was one of my earlier investment before I started unit trust & stocks. QUOTE(icemanfx @ Jul 8 2016, 05:14 PM) Good yield is largely due to myr depreciation. If someone bought sgd assets back in 2009, yield could be similar or better. Another factor which is out of our control.. |
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Jul 9 2016, 01:07 AM
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21,458 posts Joined: Jul 2012
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Current upsurge in gold price largely caused by Chinese obasan speculators, is unlikely to sustain.
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Jul 11 2016, 07:40 AM
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62 posts Joined: Jul 2006 From: Ipoh
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mbb is sucking slow in update
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Jul 11 2016, 03:14 PM
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1,842 posts Joined: Jan 2003 
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QUOTE(sinbad2k @ Jul 7 2016, 10:57 AM) Hmm.....I didn't keep track of bank's paper gold price so I'm not sure. If that happens all the time then, banks do only increase/decrease a little according to spot price. I've been keeping track of physical gold coin price from MBB and UOB. Observed that UOB is quite consistent with their price and on some occasion only increase/decrease a little. MBB however is slow to use the latest spot price and increase/decrease their price a little but quick to react to big fluctuations. Agree with you. But I'm quite fedup that I have to always go to the bank to buy and sell gold. Why can't UOB Gold passbook be done thu online banking?  |
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Jul 11 2016, 03:17 PM
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1,842 posts Joined: Jan 2003
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QUOTE(ckmcsk @ Jul 11 2016, 07:40 AM) mbb is sucking slow in update Any idea which one that I can do it online and the spread is low? MBB? CIMB?? |
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Jul 12 2016, 07:18 AM
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902 posts Joined: May 2012
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Don't buy gold yet... coz only the minority 1% did now.... let's buy when aunties in wet markets start buying.... :-)
https://www.thestreet.com/story/13634097/1/...g-gold-now.html |
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Jul 13 2016, 09:52 AM
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427 posts Joined: Sep 2006 From: KK
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I cash out too.. Too volatile now
Bought 3 years back at 129.5 and sold at 174 |
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Jul 13 2016, 11:12 AM
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902 posts Joined: May 2012
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Jul 14 2016, 09:08 AM
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902 posts Joined: May 2012
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QUOTE(kalliban @ Jul 14 2016, 02:13 AM) U see...stock rally gold down as I predicted correctly againnnnn! Sell ur gold now b4 drop again as stock will rally due to high liquidtidy in da market! Ya... pls sell ur gold to me now... buy at spot coz as mentioned above, gold will terribly drop and most likely the premium would even below current spot.This post has been edited by XtraLeoGecko: Jul 14 2016, 09:09 AM |
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Jul 14 2016, 11:11 AM
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Senior Member
1,356 posts Joined: Dec 2006 From: Subang
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Eh bro, we share share with seller can ?
Now see who wants to sell.....  Now USD 1338.23 spot This post has been edited by ronho: Jul 14 2016, 11:12 AM |
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Jul 15 2016, 10:12 AM
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Senior Member
902 posts Joined: May 2012
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QUOTE(ronho @ Jul 14 2016, 11:11 AM) Eh bro, we share share with seller can ? Can.. can... who r selling?Now see who wants to sell..... Now USD 1338.23 spot |
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