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 Gold Investment Corner V8, All About Gold

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prophetjul
post Mar 30 2024, 10:42 AM

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QUOTE(prophetjul @ Mar 1 2024, 11:27 AM)
Please share your experience with more details. It has been very good for me thus far.

i invested in year 2002. Moved ALL my FD monies into gold. Those days, no ETFs, gold accounts, etc. Only gold bullions. There were loads of bullions around then. Even the 10 oz Roo was available!  Nowadays you don't see this anymore.
It was USD320 p oz then.  Kijangs were approx RM1050 p oz.
That was 21 years ago.
Now gold is $2050 and RM10,000. In RM terms, it has performed approx 11.5% CAGR over 21 years!  rclxm9.gif

user posted image
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This useless piece of metal that i bought for RM11,500 can almost buy a Honda HRV soon. laugh.gif
prophetjul
post Mar 30 2024, 11:04 AM

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QUOTE(Cubalagi @ Mar 30 2024, 10:55 AM)
Damn useless 🤣

11500 when was that?
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Think aroound 2003/5.
prophetjul
post Mar 30 2024, 12:42 PM

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QUOTE(nexona88 @ Mar 30 2024, 12:36 PM)
Guys...

Just asking opinion...

if I were sell my Gold Coin (Canada maple leaf) 999 purity..
Normally how much the buyer would deduct (percentage - their commission $$$).... Around 32g +/- per Coin

Heard somewhere in Lucky Garden Bangsar got 1 place? They buy good price.
Anyone heard about it...
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For my Kijangs, the spread is 3.8% and for UOB bullions approx 3.6%
Jewellery shops will skin you.
prophetjul
post Apr 1 2024, 02:16 PM

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QUOTE(AVFAN @ Apr 1 2024, 11:00 AM)
not just gold.

oil n gas, other precious metals, other commodities like edbile oils are rising again.

some say the current commodities supercycle will get more super!
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The last time when the Feds eased after tightening lots was in 2009. Gold went up from $680 to $1900 in 2 years.
Will it happen again? icon_idea.gif
prophetjul
post Apr 1 2024, 03:03 PM

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QUOTE(nexona88 @ Apr 1 2024, 02:21 PM)
So we could see the new level of $3000 then 🔥💰🤑
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i was thinking 1900/680 x 2000 = $5,588 rclxm9.gif
prophetjul
post Apr 3 2024, 09:58 AM

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Gold passes RM11,000 per oz for first time.

https://www.bnm.gov.my/kijang-emas-prices
prophetjul
post Apr 5 2024, 11:15 PM

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$2323 now. Those who were waiting for major correction, could be disappointed.
prophetjul
post Apr 6 2024, 06:30 PM

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QUOTE(AVFAN @ Apr 6 2024, 04:51 PM)
yr forecast is too low. laugh.gif
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I am pragmatic. 😀
prophetjul
post Apr 7 2024, 03:35 AM

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QUOTE(nanan75 @ Apr 6 2024, 10:42 PM)
Public Gold buyback 999 gold at RM346/gr

Ar rahnu exchange

Pawn shops
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That's low. That's Rm10,746 per oz.
I am selling 999 kijangs at Rm11000+ per oz.
prophetjul
post Apr 7 2024, 08:31 AM

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Double post

This post has been edited by prophetjul: Apr 7 2024, 08:32 AM
prophetjul
post Apr 7 2024, 08:32 AM

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QUOTE(nanan75 @ Apr 7 2024, 07:25 AM)
where you sell it to ?
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Maybank accepts kijangs at 3.8% spread.
prophetjul
post Apr 7 2024, 09:52 AM

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QUOTE(nexona88 @ Apr 7 2024, 09:43 AM)
They accept only Kijang gold or others 999 one also can? 🤔
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Maybank accepts only kijang.
UOB accepts others but I think only with the original certs from their nank
prophetjul
post Apr 7 2024, 02:23 PM

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QUOTE(romuluz777 @ Apr 7 2024, 01:57 PM)
Gold bars/coins with original assay certs or those fr reputable refiners mcm PAMP, RCM, Perth Mint, Valcambi, I think they can accept.
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Thing is issuers like Perth mint and Pamp do not issue certificates.
These certificates are from UOB itself.
prophetjul
post Apr 8 2024, 09:51 AM

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QUOTE(ccschua @ Apr 8 2024, 09:39 AM)
can this certs be forged, and how does the bank authenticate ?
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Not sure about this.
Of course everything can be forged.
But UOB issued the certs with their bullions.
prophetjul
post Apr 12 2024, 02:54 PM

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Kijangs buy price Rm11,533 per oz today.
Wow...I lived to see this day. Hahaha
prophetjul
post Apr 12 2024, 03:37 PM

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$2,395 now. Will we see $2,400 in ASIA? 😆
prophetjul
post Apr 12 2024, 04:09 PM

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QUOTE(AVFAN @ Apr 12 2024, 04:02 PM)
$2400/oz, RM368/g reached at 3.58pm.
RM... from talk of recovery to 4.30, 4.50... now, it's back to talk of 4.80 n beyond...
https://www.nst.com.my/business/economy/202...dollar-if-china
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RM is a dead currency.
prophetjul
post Apr 12 2024, 04:25 PM

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QUOTE(theevilman1909 @ Apr 12 2024, 04:24 PM)
how much your entry cost / price?
kept how many year?
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Rm1050 per oz since 2002
prophetjul
post Apr 12 2024, 06:13 PM

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QUOTE(AVFAN @ Apr 12 2024, 06:04 PM)
are u young enough to live another 20 years? laugh.gif

if yes, it should be rm100,000 per oz in 2044.

if u have 50 oz, that wud hv cost u rm50k in 2002, now worth rm500k, will be worth rm5mil in 2044.

more or less. thumbup.gif

really, keeping gold does not make u rich but preserves yr wealth v well.

whether chicken rice, car or house, the price is almost the same in mg, g or kg of gold over long periods of time like 20, 40 yrs.

i m sure u agree. biggrin.gif
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In 2002, after studying gold since 1999, I moved all my FD to gold.
I told my friends that gold should beat FD.
Put your long term.unneeded money in gold.
Well, it worked.
My CAGR over the last 21+ years should be around 11+% today in RM terms.
prophetjul
post Apr 14 2024, 08:39 PM

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QUOTE(nexona88 @ Apr 14 2024, 08:15 PM)
Well...

War conflicts is related with gold....

Ever since the conflict in middle east started... Gold keep breaking new record....

US policy also didn't help... So more push towards gold....

Anyway... Some nutcase don't understand the links between gold & war conflicts related directly went to report my post...
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Seriously? They thought the discussion went to war? laugh.gif

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