postage fees are high bro...

Monumental decision that eventually will suppress gold to below 1000usd an ounce...

Get real gold coins/rounds! Easiest way is to buy from Maybank. Just check out Kijang Emas gold coin from Maybank's website

I've Kijang Emas gold coin but I think the Canadian Maple Leaf's design is better.


Smaller sized coins comes with premium because they're easier to liquidate (also bcoz of higher production cost compare to bigger denomination). When you sell it, you get the premium back. If you're looking to invest based on weight/$, gold bars will give you the best worth, but they're more difficult to liquidate compared to coins.

Was thinking of buying from APMEX, but the shipping fee is a turn-off. The minimum shipping fee is USD49.90, so I suppose your uncle bought a lot to make the purchase worth the price?

Gold doing 1170/T.Oz and went down to a low of 1142. Crude Oil is doing 65/barrel and went down to a low of 63. USD has shot up some more, now for 1 USD you can get RM3.422, it has appreciated 27 sen in just two months.... hmmmn. how to ride this/these dragon(s)

This post has been edited by lyralp: Dec 1 2014, 08:26 PM

A tube of 10 coins is what he went for.

Although smaller sized coins are easier to liquidate, its going to take a longer time for one to even break even when compared to another individual that has an 10z coin. Guess, its more of a trade off here.


Got to warn newbies here, collecting gold bullions is definitely an addiction lol. Started having the urge to get Proof coins and might jump into the boat if gold falls even more.

Are you sure now that gold will go to 1000USD? Actually, seeing gold recovering so fast makes me a little arrr sad.

Note that with negative gofo rate, going to 1000USD will only make the whole situation a little arrrrrr "complicated"

This post has been edited by sylar111: Dec 1 2014, 09:52 PM

longer time to break even?you should be buying stocks then, not precious metals...

Would venture into stocks once i get a job upon graduating.

anyone able to view UOB gold price website? its been down since last week

Thx for your blessing today.

seems like sudden move upwards towards 1214 usd mark..

gold price vavavoom !!

Hahah we all got troll by gold man!

Its working fine.

Trolled?
You said gold will go down. It broke 1200 and even went 1220.

It has form a new support at the 1200 level.

Seriously, you are a joke. You really are.

Cannot be taken seriously at all.

You think that the only factor in Gold is the current paper price. But then, even traders are aware of the demand for the physical right now and they know that if price goes down too much, supply will eventually run out and then real market forces take control.

Supplies are very limited based on gofo rates.

Looking at the charts, you seriously think that Gold price is really based on supply and demand or is it a game of poker. To me, it's more of a game of poker rather then supply and demand but seeing your sophisication, you probably actually think that the gold price is actually based on supply and demand.

I mean what can we expect from someone who cannot even do a price comparison even when the links are provided.

So how much did you lose by shorting.

This post has been edited by sylar111: Dec 2 2014, 02:55 PM

The gold savings account is ok but the gold bullion price is still down. I can't access it too.

You bet on up? I bet nothing so far. Im just monitoring it. Let see where it will go long term. Not interested on short term outlook...

I know it will not go up forever.
I bought some mining stocks recently.
Because as I said. This market is fixed. It's more of a poker game rather then the real market. Traders playing gold are not interested in gold. They are only interested in "outwitting" each other. Also there will be those large obvious naked shorts on option expiry day. Last Friday was option expiry day and that is why you see precious metals getting whacked.

If you look at the chart last Friday or Thursday and never suspect anything, then really nothing to say.

The thing is, you could probably make some money predicting what would likely be the next move then just holding long. Because it will take some time.

As I said. There are many signs that actual physical gold in the open market is running out. when that happens. Say good bye to the current price mechanism that you are currently using.