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 Gold Investment Corner V8, All About Gold

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AVFAN
post Oct 29 2024, 03:53 PM

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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.

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)
*
ah yes... think i hv seen this maybank page before:

https://www.maybank2u.com.my/maybank2u/mala...and_silver.page?

silver inv acc... right, about 8% spread.
...

GOLD... maybank
islamic gold inv sell / buy:
386.01 / 380.81, spread = 5.20 or 1.36%
normal gold inv sell / buy:
394.50 / 379.60, spread = 14.90 or 3.92%

compare
CIMB
388.70 / 383.20, spread 5.50 or 1.41% (this one just increased spread from RM4.0 to 5.50/g)
https://www.cimb.com.my/en/personal/help-su...nt-account.html
UOB
390.30 / 386.20, spread 4.10 or 1.05%
https://www.uob.com.my/online-rates/gold-prices.page

UOB wins but i dunno the hidden charges, if any.

This post has been edited by AVFAN: Oct 29 2024, 03:56 PM
prophetjul
post Oct 29 2024, 06:24 PM

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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.

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)
*
I collect quite a few Australian Perth mint lunar silver bullions.
Beautiful designs!

user posted image

This post has been edited by prophetjul: Oct 29 2024, 06:28 PM
prophetjul
post Oct 29 2024, 10:02 PM

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$2,764.60 High
AVFAN
post Oct 30 2024, 08:46 AM

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Date $/oz RM/g RM/$

30 oct 2778 390.40 4.369 (new record high in $, RM)
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

month end closing looks very strong!
AVFAN
post Oct 31 2024, 09:16 AM

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QUOTE(prophetjul @ Oct 23 2024, 02:10 PM)
And I have to buy jewelries for my incoming daughter in law. 😂
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i hope u already bought.

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. tongue.gif

enjoy the holiday!
prophetjul
post Oct 31 2024, 01:00 PM

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QUOTE(AVFAN @ Oct 31 2024, 09:16 AM)
i hope u already bought.

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. tongue.gif

enjoy the holiday!
*
My wife says we look for some jewelleries from our stock. biggrin.gif
Unkerpanjang
post Nov 3 2024, 12:26 PM

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user posted image

Need price, bit more to go.....

This post has been edited by Unkerpanjang: Nov 3 2024, 12:27 PM
AVFAN
post Nov 6 2024, 12:29 PM

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US elections today. Trump is leading.

Trump win = protectionism, high tariffs = strong dollar.

what happens to gold in $, RM?

i think it will stay around 2740-50 for a while; RM will go towards 4.50. howzat? tongue.gif


Date $/oz RM/g RM/$

06 nov 2738 387.7 4.403
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
poweredbydiscuz
post Nov 6 2024, 10:01 PM

 
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Gold price free falling after Trump wins.
AVFAN
post Nov 7 2024, 09:02 AM

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Trump win aftermath. will effect last??

07 nov 2662 378.62 4.422
06 nov 2738 387.7 4.403
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
virulence
post Nov 7 2024, 09:34 PM

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QUOTE(AVFAN @ Nov 7 2024, 09:02 AM)
Trump win aftermath. will effect last??

07 nov 2662 378.62 4.422
06 nov 2738 387.7 4.403
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
*
They are going to blame Trump for recession haha
Cubalagi
post Nov 8 2024, 10:26 AM

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QUOTE(virulence @ Nov 7 2024, 09:34 PM)
They are going to blame Trump for recession haha
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If we have a global tariff war, we might face high inflation followed by global depression, not just recession.
AVFAN
post Nov 8 2024, 11:18 AM

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Date $/oz RM/g RM/$

08 nov 2700 380.80 4.385 (fed rate cut 25bps)
07 nov 2662 378.62 4.422 (trump win aftermath)
06 nov 2738 387.7 4.403
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



if trump fulfills his protectionist promises, it will be hard not to expect accelerated global inflation and further RM weakness.
Cubalagi
post Nov 8 2024, 12:04 PM

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QUOTE(AVFAN @ Nov 8 2024, 11:18 AM)

if trump fulfills his protectionist promises, it will be hard not to expect accelerated global inflation and further RM weakness.
*
Hopefully Elon Musk can moderate this plan somewhat.
Sitting Duck
post Nov 8 2024, 01:41 PM

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Does anyone know which gold smith shop in KL/Selangor that sells gold beans close to market price?

I need to get a few as gift urgently.

Usually I buy from gold smith shop in Shopee but it takes about a week for delivery and this round I can't wait that long.

Thank you.
prophetjul
post Nov 8 2024, 02:26 PM

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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.
gashout
post Nov 13 2024, 05:27 AM

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The price of 1 BTC has surpassed the price of 1 kilogram of gold .
AVFAN
post Nov 17 2024, 09:39 AM

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Recap:

Date $/oz RM/g RM/$

15 nov 2563 368.43 4.471
08 nov 2700 380.80 4.385 (fed rate cut 25bps)
07 nov 2662 378.62 4.422 (trump win aftermath)
06 nov 2738 387.70 4.403
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

steep correction has occurred.

in rm terms, not so bad, still hefty gains for the year.

$ is strong, trump trades fading?

reversal or continued decline?

your decision now to sell, hold or buy more!
Ramjade
post Nov 17 2024, 10:20 AM

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QUOTE(prophetjul @ Nov 8 2024, 02:26 PM)
UOB branches will not buy back their physical gold bullions.
You will need to sell to at their HQ in KL.
Ridiculous.
*
That's why dont bother buying physical gold. Buy spdr gold etf.
prophetjul
post Nov 17 2024, 04:17 PM

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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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