Important info starts at 2:28
i have experienced the 2004 to 2012 bull. Will it happen again?
This post has been edited by prophetjul: Oct 26 2024, 10:43 AM
Gold Investment Corner V8, All About Gold
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 Oct 26 2024, 10:41 AM
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#421
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All Stars
12,268 posts Joined: Oct 2010 
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Important info starts at 2:28 i have experienced the 2004 to 2012 bull. Will it happen again? This post has been edited by prophetjul: Oct 26 2024, 10:43 AM AVFAN liked this post
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Oct 27 2024, 08:10 AM
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#422
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All Stars
12,268 posts Joined: Oct 2010
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 Make what you will of this. nexona88 liked this post
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Oct 29 2024, 06:24 PM
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#423
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Sitting Duck @ Oct 29 2024, 03:27 PM) I think Maybank offers silver account - Maybank Silver Investment Account, spread is around 8% if I remember correctly. I collect quite a few Australian Perth mint lunar silver bullions.https://www.maybank2u.com.my/maybank2u/mala...er_listing.page I'm collecting silver coins. Personally i think collecting silver coins is more like a hobby. The coins are pretty to look at but spread is so high (30-40%) that I don't think it's a good investment. Silver coins that I've purchased back in 2020 about RM132/piece (Maple Leaf) is almost breaking even now, but for others silver coins I bought around RM14x - RM16x are not even break even yet. Those nice design (limited edition) can go as high up as RM2xx per ounce. Silver coin has high premium for workmanship. Nevertheless silver coins are pretty despite being a not so good investment (my personal opinion)  Beautiful designs!  This post has been edited by prophetjul: Oct 29 2024, 06:28 PM romuluz777, Sitting Duck, and 1 other liked this post
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Oct 29 2024, 10:02 PM
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#424
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All Stars
12,268 posts Joined: Oct 2010
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$2,764.60 High nexona88, killertcb007, and 1 other liked this post
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Oct 31 2024, 01:00 PM
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#425
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(AVFAN @ Oct 31 2024, 09:16 AM) i hope u already bought. My wife says we look for some jewelleries from our stock. the birdie told me the shops raised price yesterday! ... Date $/oz RM/g RM/$ 31 oct 2788 392.60 4.379 (new record high in $, RM) 30 oct 2778 390.40 4.369 29 oct 2744 385.00 4.362 23 oct 2746 382.51 4.332 22 oct 2735 380.10 4.323 21 oct 2732 378.05 4.304 19 oct 2721 376.62 4.304 18 oct 2700 374.00 4.310 16 oct 2680 370.00 4.293 15 oct 2654 367.90 4.311 11 oct 2652 365.62 4.288 04 oct 2662 362.40 4.234 with pre + post potus election jitters, next target should be $2850/oz or RM400/g.  enjoy the holiday! |
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Nov 8 2024, 02:26 PM
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#426
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All Stars
12,268 posts Joined: Oct 2010
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UOB branches will not buy back their physical gold bullions.
You will need to sell to at their HQ in KL. Ridiculous. |
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Nov 17 2024, 04:17 PM
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#427
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Ramjade @ Nov 17 2024, 10:20 AM) That's why dont bother buying physical gold. Buy spdr gold etf. ETF was not available 23 years ago. LOL |
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Nov 26 2024, 06:54 AM
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#428
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(tropik @ Nov 25 2024, 10:47 PM) Buy/sell gold with jewelery retailers going to cost you even more, 25-30% difference? This old timer finds buying bullion form UOB SUCKS.Any old timer here gotten bullion from UOB years ago without the cover and sold back to them recently? Any issue without cover? Now, they tell me only their HQ in KL will accept buybacks. No branch will accept the bullions. I gave the manager a piece of my mine. I told him that their website does not say so!  |
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Nov 26 2024, 10:30 AM
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#429
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(AVFAN @ Nov 26 2024, 10:15 AM) for pure investment, easy buy-sell, convenience, low spread, e-gold or gold etfs are the best. For physical gold, there are extra costs and constraints and joy.but u don't get to hold or even see the gold. gold coins & bars are appealing as u keep them like your loved toys. but where u buy & sell them can be a task as some have pretty high spreads, esp retail jewelry shops. i hv limited experience with physical gold, better let others like prophetjul elaborate. one thing that has been said again and again, critical to remember: gold is NOT for quick trade or short term, esp physical gold. but keep it for >10 years, the real value remains or increases. You need storage for them. You can only sell to willing buyers at their rates, eg banks, Razak, etc. The easiest to deal with is Kijangs and Maybank. You get touch them. Enjoy their designs and beautiful workmanship.  |
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Nov 26 2024, 04:58 PM
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#430
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(tropik @ Nov 26 2024, 02:30 PM) Yes, was told the same thing when did enquiry at Jln Ampang UOB. Mine are all in their capsules together with UOB certificates from 23 years ago.Then was asked if the bullion in proper cover/original packaging. I was like wtf, like time you just handed me in its bare form. Now worried it may affect my selling price. |
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Nov 26 2024, 06:32 PM
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#431
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(prophetjul @ Nov 26 2024, 04:58 PM) Mine are all in their capsules together with UOB certificates from 23 years ago. Prices will not be as good as the issuer bank.The closest offer is Razak. |
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Dec 19 2024, 08:46 AM
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#432
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(AVFAN @ Dec 12 2024, 08:58 AM) Date $/oz RM/g RM/$ 19 Dec 2583 (Fed cut only 25 basis points and maybe only 2 cuts in 2025) BANG! Down $60!  12 dec 2724 388.00 4.430 (fed almost sure to cut rate on 18 dec, ECB expected to do same; china loosening monetary policy) 11 dec 2701 384.35 4.426 (gold futures soars to 2730; resistance expected at 2750) 10 dec 2666 379.60 4.427 (china central bank resumes gold buying after 6m pause; Fed 83% chance 25bps cut on 18 dec) 03 dec 2644 380.00 4.469 (awaiting Fed decision 18 dec; 63% chance of 25bps rate cut) 29 nov 2657 379.45 4.441 (Ukraine war escalates, Russia threatens to hit Kiev with Oreshnik missiles)) 26 nov 2629 377.45 4.463 (new US treasury sec, risk on, profit taking, shorts) 22 nov 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine) 21 nov 2656 382.25 4.476 (ukraine fires US ATACMS, UK Storm Shadow missiles into russia) 20 nov 2639 379.00 4.468 (russia lowers threshold on use of nuclear weapons) 08 nov 2700 380.80 4.385 (fed rate cut 25bps) 07 nov 2662 378.62 4.422 (trump win aftermath) 31 oct 2788 392.60 4.379 (new record high in $, RM) 04 oct 2662 362.40 4.234 |
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Jan 2 2025, 07:50 AM
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#433
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(atak86 @ Jan 1 2025, 11:06 PM) you need to check what HS CODE perth mint is using @ custom clearance. There is no import duty on anything gold and silver bars.However, there is duty on silver coins. emy_xvidia liked this post
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Jan 16 2025, 09:41 AM
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#434
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE Israel and Hamas have reached a ceasefire deal, sources tell the BBC President-elect Donald Trump says "we have a deal for the hostages" and that "they will be released shortly" The deal follows months of talks, with Qatar one of the key mediators Ceasefire and hostage deal reached, BBC told A source briefed on the talks tells the BBC: "Gaza ceasefire and hostage release deal reached following Qatari PM’s meeting with Hamas negotiators and separately Israeli negotiators in his office." Trump says hostages will be released shortly US President-elect Donald Trump has just written on Truth Social: "WE HAVE A DEAL FOR THE HOSTAGES IN THE MIDDLE EAST. THEY WILL BE RELEASED SHORTLY. THANK YOU!" Israel and Hamas have agreed ceasefire deal, CBS reports Israel is expected to release about 1,000 Palestinian prisoners, some jailed for years, in return for the hostages. https://www.bbc.com/news/live/c3rwqpj70ert |
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Jan 16 2025, 04:32 PM
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#435
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Michaelbyz23 @ Jan 16 2025, 04:14 PM) Hi guys, I am new here, want to explore about Gold. Expensive.My local dealer said they are selling PAMP gold bar 10g for RM4600, isit expensive? Didnt know it is now RM460+ per g already. What about resale back? Anyone can give a quick tutorial on how this works. Local goldsmith also mentioned local gold is slightly cheaper. 999 vs 9999 UOB quote for PAMP 10g is Rm4,161 https://www.uob.com.my/online-rates/gold-bullion-prices.page Michaelbyz23 liked this post
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Jan 16 2025, 04:51 PM
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#436
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Michaelbyz23 @ Jan 16 2025, 04:48 PM) Thanks, how do we get 1? From UOB Bank counter? Or digital gold? PAMP is a physical bullion. So, it is over the counter, if its available. |
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Jan 16 2025, 05:01 PM
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#437
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Michaelbyz23 @ Jan 16 2025, 04:57 PM) Meaning, i can just walk to UOB bank, and buy the 10g physical bar? Yes. If they have stock.Better to call up first. This post has been edited by prophetjul: Jan 16 2025, 05:01 PM |
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Feb 3 2025, 10:08 AM
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#438
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(Cubalagi @ Feb 3 2025, 09:36 AM) Gold strong 💪 Maybank is showing Kijangs Sell Rm13,351 Buy 12,833Already breach RM400/gm. ALL TIME HIGH!  romuluz777, jojolicia, and 1 other liked this post
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Feb 6 2025, 10:23 AM
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#439
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(AVFAN @ Feb 6 2025, 09:24 AM) Date $/oz RM/g RM/$ 06.02.25 2867 407.00 4.418 (gold price hit new record highs $2882/oz, RM409/g) » Click to show Spoiler - click again to hide... « next stop, $2900. overbought conditions emerging. guess every gold bug got a little richer this festive season. gong xi fa cai!  |
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Feb 7 2025, 05:37 AM
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#440
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(boyboycute @ Feb 6 2025, 09:17 PM) Anyone sold kijang EMAS in Maybank before? YesUnker bought one from them No receipt, no packaging. Bare gold coin. Will they buy it back? boyboycute liked this post
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