Gold Investment Corner V8, All About Gold
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 Sep 10 2021, 04:16 PM
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#41
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur 
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QUOTE(prophetjul @ Sep 10 2021, 03:36 PM) There should be any tax on gold. Silver yes. Doesn't stop them from trying to untung atas angin Not gold.   Fedex agent I spoke with insisted item value > RM500 must be taxed because it's government rules. Refused to budge until I pointed HS CODE 7108200000 means tax free for gold. They cherry picked HS CODE 9705009000 to charge tax   This post has been edited by aaronpang: Sep 10 2021, 04:16 PM |
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Sep 15 2021, 10:00 AM
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#42
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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We often hear of market manipulation
 Link to the article it's a worthwhile reading material. https://www.bloomberg.com/news/articles/202...-by-prosecutors Inside the JPMorgan Trading Desk the U.S. Called a Crime Ring The U.S. says the precious metals desk at JPMorgan was a racketeering operation. Now the bank is poised to pay a record penalty for spoofing. Here’s a look behind eight years of alleged conspiracy |
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Sep 15 2021, 10:05 AM
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#43
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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If Bloomberg article is TLDR here's a video.
https://www.youtube.com/watch?v=FSh8eusFYL4&t=455s This post has been edited by aaronpang: Sep 15 2021, 10:06 AM |
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Sep 29 2025, 04:22 PM
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#44
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(kslee79 @ Sep 25 2025, 04:42 PM) SVB and First Republic bank failures were all traced to liquidity crunch and having to sell off covid-era bond with low interest rate at a huge loss, since current bond series offers much higher interest rate. Central banks including Fed and BoE accumulated so much of these bonds in their balance sheet and couldn't unwind fully without inflicted massive loss to themselves. Recently, BoE have to sell of their old Gilt which they bough during the covid years at GBP101 face value... guess how much they sold it for? GBP28.... nice! Malaysia gold reserves is kinda low or is BNM behind the curve.Central banks and treasuries all around the world are issuing debt notes and printing currencies, telling everybody they carry value, while behind our back they are buying gold.... almost too easy to read their poker face, right? About your question - yeah, I bought a uranium stockist before, Yellowcake Plc. Current Reserves: 38.88 tonnes As of: June 30, 2025 Estimated Value: Around $3.2 billion (as of March 2025) Reserves have grown from 36.39 tonnes in 2013, still way behind. Thailand and Singapore hold the largest gold reserves among SEA countries. I remember during the Asian Financial Crisis, Thai government asked it's citizens to sell gold to boost central banks reserve. This post has been edited by aaronpang: Sep 29 2025, 04:23 PM kslee79 liked this post
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Oct 2 2025, 10:20 PM
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#45
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(BboyDora @ Oct 2 2025, 10:19 AM) quick question. Not enough details.correct me if im wrong as I had no idea about gold. I saw some gold shop do promotion. 999 gold. Less than RM 500 per gram. I search up and there are people mentioned is the "recycle" gold. got this kind of stuff? Which gold shop? Is it assayed gold? Bar, coin or jewellery? Jangan kena scam This post has been edited by aaronpang: Oct 2 2025, 10:22 PM |
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Oct 3 2025, 05:06 PM
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#46
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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Sharing if anyone is interested to go
https://www.klinf.co/   This post has been edited by aaronpang: Oct 3 2025, 05:10 PM |
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Oct 5 2025, 11:00 PM
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#47
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(prophetjul @ Oct 4 2025, 08:10 AM) If you are buying gold for investment, DO NOT BUY JEWELLERY. Jewellery are for decor, not for investment. High workmanship costs and premiums for jewellers to fleece you. Agreed jewellery might also be filled with resin or contain non-gold metals sold as gold weight. Literally paying for trash  https://www.tiktok.com/@emasfaiz/video/7067535413161872666 |
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Oct 6 2025, 02:32 PM
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#48
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(prophetjul @ Oct 6 2025, 08:41 AM) Actually it's not just that, the spreads are extremely high. Like 30% ridiculous high. Jewellery shop spread high and selling way above spot price.Spot around RM530 per gram, Poh Kong is RM605 as of today   Other jewellery shop RM874 per gram   QUOTE(kevyeoh @ Oct 6 2025, 10:45 AM) bro...i have bought gold long time ago and glad I bought it... Buy during a market dip/correction and dollar cost average over time.but now...it's at ATH....can still continue buy? having second thoughts now buying at ATH... Deepavali just around the corner, higher seasonal demand. This post has been edited by aaronpang: Oct 6 2025, 02:50 PM kevyeoh liked this post
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Oct 21 2025, 10:53 PM
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#49
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur
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Nice dip incoming, lai lai time to buy come morning
   This post has been edited by aaronpang: Oct 21 2025, 10:54 PM |
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