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 Gold Investment Corner V8, All About Gold

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XtraLeoGecko
post Aug 12 2015, 10:14 PM

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QUOTE(elijah3art @ Aug 12 2015, 09:48 PM)
Yes, I hv 3 sheets on hand n few loose pieces. I hv done COD / postage v few Lowyat members before.

COD at LRT Sri Petaling night time or weekend. Day time around Ikano Power Centre. COD v purchase of min RM800 pls... rugi masa n petrol if <800.
XtraLeoGecko
post Aug 14 2015, 09:23 PM

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Better start accumulating...

http://www.zerohedge.com/print/511693
XtraLeoGecko
post Aug 15 2015, 09:16 AM

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The author claimed:

"Our view on China's disclosure (if not accumulation: this has already happened and now the PBOC is merely picking the right moments to gradually reveal what its true gold holdings are) of gold have not changed: expect every month to see a modest, incremental increase in its gold holdings.

And while last month, the market took China's announcement as a disappointing update - speculation had been rife that China has over 3,000 tons of gold - today the market is slowly waking up to what we said a month ago, namely that China's official gold holdings are far greater than what is revealed and that the PBOC will simply keep increasing month after month, now that both FX and gold play a very specific policy role in what everyone now realizes is a global currency war."

XtraLeoGecko
post Aug 16 2015, 12:20 PM

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QUOTE(kEITh_22b @ Aug 16 2015, 05:54 AM)
To be most prolific in buying & selling profit wise...;

IMO, then it is not a good time to buy when the price is dropping (downward trend)... It is only a good time to buy when the price is rising (gradually) (upward trend)... Obviously it will be the best time to buy when the price has already hit the "rock bottom" & is then starting to rise (gradually) once again... (e.g. I want to buy it when it is appreciating, but I would want to avoid buying it while it is depreciating...) IMO, the best time to sell would be is when the moment the price is just starting to fall (gradually) once again (rolling off from the peak)...

---
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1-2 years ago when spot is high n MYR exchange rate was 3.2; the effective rate of per gram gold is unfortunately same or higher than now when spot is low but MYR is week.
So, accumulation thru value averaging still the best way....

This post has been edited by XtraLeoGecko: Aug 16 2015, 12:21 PM
XtraLeoGecko
post Aug 16 2015, 11:06 PM

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QUOTE(ronho @ Aug 16 2015, 08:59 PM)
bro gecko got pamp...
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I got many pamp.... best price....
XtraLeoGecko
post Aug 17 2015, 04:44 PM

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QUOTE(yolldddd @ Aug 17 2015, 02:32 AM)
Do you have a website for me to checkout your price?
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Hv replied u through pm. pls check ur inbox.
XtraLeoGecko
post Aug 18 2015, 01:11 PM

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What's your % of gold allocation?

http://www.arabianmoney.net/gold-silver/20...old-allocation/
XtraLeoGecko
post Aug 19 2015, 10:44 AM

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Soros has increased his stake in Gold, how about u?

http://mobile.reuters.com/article/idUSL1N10N2W420150814
XtraLeoGecko
post Aug 19 2015, 12:53 PM

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QUOTE(A|bert @ Aug 19 2015, 12:37 PM)
Dear all, any gold dealer in the malaysia market does offer the postage/delivery service to our doorstep? I had deal with 1stopgold. They do not provide delivery/postage service.
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I provide postage through Poslaju v proper packing n tracking number, but at buyer's cost n risk. I had been sending n receiving more than 80k worth of precious metals for the past 2 years using Poslaju n never hv problem thus far.
XtraLeoGecko
post Aug 19 2015, 12:55 PM

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QUOTE(prophetjul @ Aug 19 2015, 11:46 AM)
i had 40% at one time...........    biggrin.gif  that was when gold hit $1900.............
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wow, 40% is high... but perhaps coz the spot was high too at 1900/oz.
XtraLeoGecko
post Aug 19 2015, 09:03 PM

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QUOTE(win44 @ Aug 19 2015, 05:32 PM)
I am new to gold...

but considering Buying 100g PAMP at UOB.
Any tips for a newbie?

=)
Thanks in Advance!
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I would prefer 1g.
Logic:
1) I pay premium/g when I bought but will definitely get back the premium/g when I sold latter (assuming spot price equal v constant currency);
2) Easier to sell to others n not limited to bank (UOB fix the lower buy back price). Imagine gold price double due to hyperinflation time, 1g would price at 340 n 100g at 28,000. Everyone will hv limited cash to spare... is it easier to find a buyer who can afford 340 or 28,000.... remember point (1) - u r getting back ur premium/g after all...
3) Equipment to detect fake gold/silver r now more common n affordable (~RM3000/unit). Even BSM provide services to examine. This trend means more people / company would b willing to buy back from secondary market.

This post has been edited by XtraLeoGecko: Aug 19 2015, 09:06 PM
XtraLeoGecko
post Aug 20 2015, 08:38 PM

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QUOTE(-Nos- @ Aug 20 2015, 07:51 AM)
Gold price increasing again..
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Wow... now oredi RM180/pc for Pamp Suisse multigram!!!
Congratulations to those just bought from me recently at 160 / 164 / 174!!! Up! Up! Up!
XtraLeoGecko
post Aug 21 2015, 07:47 AM

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http://www.alt-m.org/2015/06/04/ten-things...old-standard-2/
XtraLeoGecko
post Aug 22 2015, 08:34 AM

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QUOTE(10996455 @ Aug 21 2015, 11:38 PM)
Ya most gold seller will say that to u.
Worst case scenario,  yr own gold will burden u down then help u .( u can try bring 0.5kg gold bar out of the country then u will know how Mich trouble u can get into XD )
Yr only life line would be connection that help u get out of this country.
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Assumption of worst case is hyperinflation right? Means precious metals would b highly sought after rather than paper money as a mean to store value (if not for transactions); so why our own gold will burthen us?
XtraLeoGecko
post Aug 22 2015, 02:58 PM

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QUOTE(yolldddd @ Aug 22 2015, 02:40 PM)
Somebody here tried to buy uob pamp bars very recently. All sold put unfortunately sad.gif and since I buy in small amount and don't live in kl its very hard for me to travel to kl eveytime I save enough funds to buy a gold bar.
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u should try postage deal. To make it safer, ask to deliver to Pusat Poslaju Kuching for self collection. Then u can collect from there. This method will ensure the parcel will always within custodian n supervision.
XtraLeoGecko
post Aug 22 2015, 07:09 PM

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QUOTE(neonikson1 @ Aug 22 2015, 06:32 PM)
Hi guys, which bank in KL is selling physical gold bar?

I have some gold and silver bars, what is the easiest way to sell them off?
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Easiest way is sell them to me at spot price.. :-)
XtraLeoGecko
post Aug 24 2015, 12:20 PM

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http://theeconomiccollapseblog.com/archive...ready-happening
XtraLeoGecko
post Aug 24 2015, 12:22 PM

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http://www.telegraph.co.uk/finance/1180552...se-control.html
XtraLeoGecko
post Aug 25 2015, 07:25 AM

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Very good article.....

http://www.caseyresearch.com/articles/the-...t-financial-cri
XtraLeoGecko
post Aug 26 2015, 02:36 PM

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QUOTE(prophetjul @ Aug 26 2015, 09:18 AM)
Nubex prices are quite good!    thumbup.gif
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my multigram price even better, hehe...

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