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 Gold Investment Corner V8, All About Gold

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poweredbydiscuz
post Oct 22 2024, 11:21 AM

 
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QUOTE(nexona88 @ Oct 22 2024, 11:13 AM)
They give cash or bank transfer??
*
Cash only. But I never try big amount like 5 digits la.

QUOTE(Unkerpanjang @ Oct 22 2024, 11:16 AM)
1. There's a SM Abdul Razak jewellerer in Lebih Ah Quee, Penang. But, not affiliated to the Razak at Jalan Among.

2. Respectfully curious, I started to notice people buy/sell gold beans. Are these the 1g gold, wouldn't the premium above spot be like 25%...can still make profit?
*
1. I think we all refer to the KL one.
2. Depends where you bought it.
azlim
post Oct 22 2024, 11:35 AM

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QUOTE(poweredbydiscuz @ Oct 22 2024, 11:08 AM)
Yes, sold some gold bars and gold beans to them a few times before. They follow the tier 2 price on their website.
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the tier 2 price, will they round them to integer?
nexona88
post Oct 22 2024, 11:50 AM

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QUOTE(poweredbydiscuz @ Oct 22 2024, 11:21 AM)
Cash only. But I never try big amount like 5 digits la.
*
Okay thanks for letting me know

Cheers 🙏
prophetjul
post Oct 22 2024, 12:15 PM

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QUOTE(poweredbydiscuz @ Oct 22 2024, 11:21 AM)
Cash only. But I never try big amount like 5 digits la.
1. I think we all refer to the KL one.
2. Depends where you bought it.
*
Where is the shop in.KL?
Will you ask if they accept bullions like 1 to 10oz pieces?

1% spread is incredible!

This post has been edited by prophetjul: Oct 22 2024, 12:25 PM
AVFAN
post Oct 22 2024, 12:18 PM

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“Gold has entered a new bullish phase, driven by factors like central bank buying, rising U.S. debt and a potential peak in the U.S. dollar,”
https://www.cnbc.com/2024/10/22/new-bullish...e-in-sight.html


Date $/oz RM/g RM/$

22 oct 2735 380.10 4.323
21 oct 2732 378.05 4.304
19 oct 2721 376.62 4.304
18 oct 2700 374.0 4.310
16 oct 2680 370.0 4.293
15 oct 2654 367.90 4.311
11 oct 2652 365.62 4.288
4 oct 2662 362.4 4.234

enjoy the new highs! rclxms.gif
poweredbydiscuz
post Oct 22 2024, 12:40 PM

 
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QUOTE(azlim @ Oct 22 2024, 11:35 AM)
the tier 2 price, will they round them to integer?
*
They do round up because I never receive any syilings but I can't remember whether they round up first then multiply with grams or multiply first then round up to ringgit. Need to check back the receipt.

EDIT: by "round up" i mean rounding to whole number, not necessary "up" tongue.gif

QUOTE(prophetjul @ Oct 22 2024, 12:15 PM)
Where is the shop in.KL?
Will you ask if they accept bullions like 1 to 10oz pieces?

1% spread is incredible!
*
Near masjid jamek.
https://g.co/kgs/iinU5Ur

You can whatsapp them and ask. Their website got number. I think they accept la.

This post has been edited by poweredbydiscuz: Oct 22 2024, 12:48 PM
killertcb007
post Oct 22 2024, 12:55 PM

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I visited Razak Masjid Jamek last Sunday where their cash vault had been emptied by people selling their gold. In the end, they completed the transactions via bank transfer.
poweredbydiscuz
post Oct 22 2024, 12:59 PM

 
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QUOTE(killertcb007 @ Oct 22 2024, 12:55 PM)
I visited Razak Masjid Jamek last Sunday where their cash vault had been emptied by people selling their gold. In the end, they completed the transactions via bank transfer.
*
Lol I went there last Sat and I did walk away with some of their cash.
azlim
post Oct 22 2024, 01:06 PM

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see from google map hard to find cheap parking near razak
wonder can park in front of their shop? saw got one petak under their name

This post has been edited by azlim: Oct 22 2024, 01:07 PM
killertcb007
post Oct 22 2024, 01:41 PM

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QUOTE(poweredbydiscuz @ Oct 22 2024, 12:59 PM)
Lol I went there last Sat and I did walk away with some of their cash.
*
Wow, it seems like someone has made a substantial profit! Congratz!



QUOTE(azlim @ Oct 22 2024, 01:06 PM)
see from google map hard to find cheap parking near razak
wonder can park in front of their shop? saw got one petak under their name
*
I always take public transport, using the MRT and then switching to the LRT and leave at Masjid Jamek station. No, parking just outside the shop is not a good idea.

This post has been edited by killertcb007: Oct 22 2024, 01:44 PM
nexona88
post Oct 22 2024, 02:11 PM

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QUOTE(azlim @ Oct 22 2024, 01:06 PM)
see from google map hard to find cheap parking near razak
wonder can park in front of their shop? saw got one petak under their name
*
That area & around that masjid jamek / India / TAR always no parking one...

LRT masjid jamek is the best transportation
azlim
post Oct 22 2024, 02:13 PM

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QUOTE(killertcb007 @ Oct 22 2024, 01:41 PM)
Wow, it seems like someone has made a substantial profit! Congratz!
I always take public transport, using the MRT and then switching to the LRT and leave at Masjid Jamek station. No, parking just outside the shop is not a good idea.
*
QUOTE(nexona88 @ Oct 22 2024, 02:11 PM)
That area & around that masjid jamek / India / TAR always no parking one...

LRT masjid jamek is the best transportation
*
thanks for sharing
good that they do open on weekend, can go without taking leave
nexona88
post Oct 22 2024, 02:15 PM

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QUOTE(azlim @ Oct 22 2024, 02:13 PM)
thanks for sharing
good that they do open on weekend, can go without taking leave
*
It's Gold Shop...

Sure open on weekends

It's their peak time...

Now festival season... & Super high market price... Could Open till late night one too 😁
prophetjul
post Oct 22 2024, 03:23 PM

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QUOTE(killertcb007 @ Oct 22 2024, 12:55 PM)
I visited Razak Masjid Jamek last Sunday where their cash vault had been emptied by people selling their gold. In the end, they completed the transactions via bank transfer.
*
I would presume if the transaction is big enough, they will do bank transfer?
killertcb007
post Oct 22 2024, 03:55 PM

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QUOTE(prophetjul @ Oct 22 2024, 03:23 PM)
I would presume if the transaction is big enough, they will do bank transfer?
*
The deals I make are usually under 10k. When I inquired online banking, they always said it had to be cash. So, I typically take the cash, walk to the CIMB bank by the LRT station, and deposit it.

There was one time I received a damaged RM20 note, which made it difficult to get rid of.
Unkerpanjang
post Oct 22 2024, 03:55 PM

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QUOTE(prophetjul @ Oct 22 2024, 03:23 PM)
I would presume if the transaction is big enough, they will do bank transfer?
*
Heh! If Bro involved in selling your hoard, bank tak cukup liquidity....most probably need Bank Negara direct intervention, or trigger OPR.
prophetjul
post Oct 22 2024, 05:19 PM

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QUOTE(Unkerpanjang @ Oct 22 2024, 03:55 PM)
Heh! If Bro involved in selling your hoard, bank tak cukup liquidity....most probably need  Bank Negara direct intervention, or trigger OPR.
*
Not much lah...but mine are troy ounces. 😁
nexona88
post Oct 22 2024, 08:01 PM

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QUOTE(killertcb007 @ Oct 22 2024, 03:55 PM)
The deals I make are usually under 10k. When I inquired online banking, they always said it had to be cash. So, I typically take the cash, walk to the CIMB bank by the LRT station, and deposit it.

There was one time I received a damaged RM20 note, which made it difficult to get rid of.
*
I'm sure there's others around too when you were there right...

Everyone gotten cash too?? Even for transactions over 10k??
AVFAN
post Oct 23 2024, 08:17 AM

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QUOTE
The near-term picture supports an upward extension. In the 4-hour chart, technical indicators resumed their advances, maintaining upward slopes, with the RSI indicator heading north despite being in overbought territory. At the same time, the pair develops above bullish moving averages, with the 20 Simple Moving Average (SMA) currently at around $2,718.
https://www.fxstreet.com/markets/commodities/metals/gold


Date $/oz RM/g RM/$

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 374.0 4.310
16 oct 2680 370.0 4.293
15 oct 2654 367.90 4.311
11 oct 2652 365.62 4.288
4 oct 2662 362.4 4.234

the longer u hold, the more u get. tongue.gif for now.


fyi, this is the only gold miner listed on bursa. some news here for BAHVEST, a sabah miner.
stock price has seen incredible movement, v nice to trade. laugh.gif
https://www.thestar.com.my/business/busines...mining-contract

This post has been edited by AVFAN: Oct 23 2024, 08:18 AM
Unkerpanjang
post Oct 23 2024, 10:04 AM

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Mari, Mari tikam....price of gold on US Election Day & upon winner announcement.

RM$/gram.
Unker $440.

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