Gold rising again. Anyone regret selling gold?

Gold bank buying @ 174-176 now. Anybody cashing out again?

paper gold folks maybe...

Any idea why this thread not popular already?
Used to see lots of discussions on gold here.
Are all gold investors running away to other investments?

no lah, likely all smiling all the way to their banks as gold rises ..

not for those bought before the peak in 2012. those ppl probably cashing out even if break even..

https://srsroccoreport.com/the-coming-break...nalysts-missed/

if you're prepare or going for long term, sure win dy.

I am looking to invest in gold but I am not sure how to make profit from it...Can anyone explain to me? Example I go open an Public Gold account then I buy 5 grams as it is the minimum. 5 grams cost 177.4900 for today right? So how do I make profit? Must I wait the buying to rise? Example the buying price is now 180.0000 so if i sell it all i earn around rm 3 from each grams? Please help me

correct

Not sure if I exactly understand your statement esp your "buying" or "buying price", if what you mean of these both is bank "buying price" then you could be correct, but wait...

Assume today Bank Buy Price is RM 176 / g and Bank Sell Price is RM 180 / g ( say the spread rate is RM 4 ) and you bought 5g at RM 180 x 5

If gold price increase few weeks later, say Bank Buy Price is RM 185 / g and Bank Sell Price is RM 189 / g ..... paperwise, you had profit RM 5 x 5 g ( RM 185 - RM 180 per gram ), but make sure you double check the other T&C imposed esp for paper gold investment account. Some banks charged some service fee and must maintain certain 5g or 10g within the GIA.

All the best bro.

interested in investing in gold.
any advise on where to start?
should i go through local banks or public gold or seek out other forms of purchase?

Hi bro,

How do we trade Gold via maybank2u trade account?

u need to go to maybank branch to oepn a GIA account and request them to add in your maybank2u account.
Then, u can buy and sell for gold via maybank2u.

if u r going to invest with gold im suggesting u to go for public gold GAP program...

What is GAP?
It stand for Gold Accumulation Program. It means u can buy the gold and keep growing it by online. Dun worry GAP is 100% support by Physical Gold. You can turn it into gold anytime with a RM5.00 premium charge.

Want to know more? Please contact me via whatsapp at this no. 011-10785052 (haziq)


P/S : you can invest as low as RM100 per month with GAP.

GIA account means global trading account?

Maybank Gold Investment Account (GIA)

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

Thanks for the info.

But how much would be the expected ROI?

What's the risk level for Gold investment?

depend the buy price and sell price for gold.

U can buy gold when price is low and sell it when the price is high.

If u not use cash, u can keep the gold until price is high.

refer to maybank GIA
Benefits
•Potentially Better Returns: Opportunity for greater capital gain from the appreciation in gold price.
•Portfolio diversification: Gold provides a great way to diversify your investment portfolio. With MGIA you can start right away with an affordable initial purchase and subsequent investments.
•Better security: Provides a good hedge against inflation.
•Better Protection: Investments in Maybank Gold Investment Account are fully backed by physical gold deposited in Produits Artistiques Metaux Precieux (PAMP S.A)

Oh.... alright...

Thank you for the clarification.

Do you buy gold yourself too?